Barclays Internships 2024
Updated November 20, 2023
A Barclays internship offers students the opportunity to gain practical experience and develop their skills with a leading financial institution. Learn more about the Barclays summer internship and the Barclays off cycle internship, and how to apply.
If you’re looking to start a career in finance, an internship with one of the world’s leading financial institutions is a great place to start.
This article looks specifically at the Barclays internship, covering what it entails, the areas you can work in and what you’ll need to do to apply.
It also offers some helpful tips on how to make the most of your Barclays internship experience.
What Is the Barclays Internship?
Barclays is a multinational investment bank and financial services company. It offers various internship programmes that provide students and graduates with an opportunity to gain practical experience in the sector.
These placements last for a fixed period and offer a combination of on-the-job training, networking opportunities and learning sessions to enhance participants' understanding of the banking industry and the specific functions within the organisation.
Depending on their chosen programme, interns may work in departments such as:
- Investment banking
- Wealth management
- Risk management
- Technology
- Operations
- Marketing, among others
Participants may be assigned to specific projects, tasks or rotations within their chosen area, supervised and mentored by experienced professionals who guide them through their work, provide feedback and help them develop their skills.
Additionally, interns typically have the chance to interact with other interns, employees and senior leaders through various events, workshops and social activities.
Ultimately, the aim of a Barclays internship is to help participants develop skills, expand their knowledge and get a glimpse into the professional world of finance.
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Barclays Internship Programmes
Barclays offers its internship programmes in two rotations – the Barclays summer internship and the Barclays off cycle internship.
There was previously a Barclays spring internship, though this is not currently advertised by the organisation.
Barclays Summer Internship
Summer placements are available across various functions of the organisation, with opportunities spanning everything from the Barclays investment bank internship to the Barclays software engineer internship.
Placements last between six and nine weeks and, depending on the specific programme, are available at locations in the UK, Europe, Asia Pacific and the Americas.
The areas in which placements are offered for the Barclays summer internship are:
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Barclays payments – Focused on managing and developing payment solutions for individuals, businesses and financial institutions, ensuring efficient and secure transactions.
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Corporate and consumer banking – Providing a wide range of financial services to corporate clients, including lending, treasury solutions and risk management and tailored banking services for individuals and small businesses.
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Data and analytics – Leveraging data-driven insights to drive informed decision-making and improve business performance across various areas within Barclays, using advanced analytics and data management techniques.
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Enabling functions – Supporting the overall functioning of Barclays by providing essential services, it’s here you’ll find opportunities like the Barclays HR internship and the Barclays legal internship.
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Quantitative analytics – Applying advanced mathematical and statistical models to analyse financial data, assess risk and develop quantitative trading strategies to support Barclays' investment and risk management activities.
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Investment banking – Offering a range of financial advisory, capital raising and transactional services to corporate clients, assisting them in mergers and acquisitions, initial public offerings and other strategic transactions.
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Markets – This area encompasses sales, trading and research activities across various asset classes such as equities, fixed income, currencies and commodities, providing clients with liquidity, risk management and investment opportunities.
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Operations – Managing and supporting the operational processes and infrastructure of Barclays, ensuring the smooth execution of transactions, settlements, reconciliations and other essential operational activities.
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Private banking – Providing personalised financial services and investment advice to high-net-worth individuals and families, offering tailored wealth management solutions, estate planning and other specialised services.
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Research – Conducting in-depth analysis and providing insights on various industries, sectors and markets to support decision-making for clients and internal stakeholders, this is the relevant area for those interested in the Barclays equity research internship.
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Retail banking – Serving individual customers with a range of banking products and services, including savings accounts, loans, mortgages and credit cards, providing convenient and accessible banking solutions.
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Technology – Focused on developing and maintaining technology infrastructure, applications and systems that drive innovation, enhance digital capabilities and support efficient operations across Barclays' various business lines.
Barclays Off Cycle Internship
The Barclays off cycle internship programme is designed for those interested specifically in the Investment Banking or Quantitative Analytics functions of the organisation.
These longer placements last between three and six months, and give participants an in-depth look at what it’s like to work as a full-time analyst.
If you’re interested in the Barclays investment bank internship or the Barclays capital internship, an off cycle placement may be the right choice for you.
As well as Investment Banking and Quantitative Analytics, you’ll also find the Barclays off cycle internship available in Corporate and Consumer Banking and Markets.
As with the Barclays summer internship, global placements are available across the UK, Europe, Asia Pacific and the Americas.
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How to Apply for the Barclays Internship
To start your application, head to the official Barclays internship careers page and select the programme you’re interested in.
Here you’ll find all the information you need about your chosen placement, including what to expect, the development journey you’ll take and the skills you’ll need to be successful.
From there, you’ll need to complete the following steps in the Barclays internship application process:
Step 1. Online Application
First you’ll create a Barclays internship login and complete its online application form, providing all the necessary information about yourself, your education and your experience.
You’ll also need to submit your CV. Make sure this is up to date, and take some time to tailor it to the specific role you're applying for.
Highlight the skills outlined in the job description and back these up with examples, including measurable outcomes.
Don’t worry if you feel you lack professional experience. Examples from your academic career and extracurricular activities are just as relevant.
Step 2. Barclays Internship Assessments
Next you’ll complete a series of online assessments. These are designed to evaluate your potential and to explore your workplace behaviours and preferences.
The assessments you’re required to complete will depend on your chosen programme, but some common tests include:
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Numerical reasoning – This test assesses your ability to interpret and analyse numerical data, solve problems involving numbers and make logical deductions based on mathematical information.
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Verbal reasoning – This test evaluates your comprehension and critical thinking skills by assessing your ability to understand and draw conclusions from written passages, as well as assessing your vocabulary and language proficiency.
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Logical reasoning – This test measures your ability to analyse patterns, identify relationships and draw logical conclusions based on a series of given statements or visual sequences.
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Personality tests – These assessments aim to understand your personality traits, preferences and behavioural tendencies to assess how well you align with the organisation's culture and values, and how you may fit within a particular role or team.
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Situational judgement tests – These tests present you with hypothetical workplace scenarios and assess your ability to evaluate the best course of action or response based on a given set of options, evaluating your decision-making and problem-solving skills in real-life situations.
Whichever assessments you’re issued, you can take them remotely. At this stage you may also be invited to participate in a short pre-recorded video interview.
Step 3. Assessment Centre
If your Barclays internship application is competitive, and you successfully pass your online tests, you’ll be invited to attend an assessment centre.
Depending on the specific circumstances, this may be an in-person or virtual event.
Here you’ll take part in a motivational interview and one or two additional activities such as group exercises, work simulations and case studies.
This is your opportunity to show the relevant technical and soft skills in action, so be sure to make the most of the opportunity by participating to the full.
Tips for Success During Your Barclays Internship
Your Barclays internship is your chance to gain valuable industry experience, develop new skills and establish professional connections that can propel your career forward.
To make the most of your experience, follow the tips below:
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Be proactive – Take initiative and seek out opportunities to contribute. Offer your help, ask questions and show your enthusiasm for the work. This will demonstrate your commitment and willingness to learn.
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Network – Build relationships with colleagues and fellow interns. Attend networking events and engage in conversations with professionals across different departments. Networking can lead to valuable connections and potential career opportunities.
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Embrace challenges – Don't be afraid to step outside of your comfort zone. Internships are a great opportunity to learn and grow, so embrace new challenges and be open to taking on tasks that may be unfamiliar. This will demonstrate your adaptability and willingness to tackle new responsibilities.
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Seek feedback – Actively seek feedback from your supervisors and colleagues. This will help you identify areas for improvement and allow you to make the most of your internship experience. Use the feedback to enhance your skills and showcase your progress.
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Learn about the industry – Take the time to understand the broader industry landscape and stay updated on relevant trends and developments. This will not only enhance your understanding of Barclays but also demonstrate your commitment to the field.
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Maintain professionalism – Always maintain a professional demeanour by dressing appropriately, communicating effectively and being mindful of your actions. Professionalism is crucial in creating a positive impression and building a strong reputation.
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Take advantage of resources – Barclays offers various resources, such as training programmes, workshops and mentorship opportunities. Make the most of these resources to enhance your skills and knowledge.
Frequently Asked Questions
The Barclays internship application process consists of three stages – an online application, online assessments and an assessment centre, which includes a motivational interview.
To start the process, head to the Barclays internship careers page and select the placement you’re interested in.
From there you’ll find all the information you need, including helpful hints and tips on how to prepare for the interview stage.
Barclays recruits for its internship programmes on a rolling basis. This means it does not have a fixed application opening date.
Instead, it accepts applications throughout the year, and candidates are encouraged to apply as soon as possible to secure their desired internship position.
Remember that these placements are in high demand and competition can be tough. Planning ahead by choosing your preferred Barclays internship and preparing for the application process will increase your chances of success.
The specific pay for the Barclays internship can vary depending on factors such as the location, programme and level of education, but the organisation is known for offering competitive compensation packages to its interns.
It’s best to visit the careers website or contact the recruitment team directly to get the most accurate and up-to-date information regarding salaries and benefits for Barclays student internships.
Getting an internship at Barclays can be competitive, as the company receives a large number of applications for each recruitment drive.
However, the actual difficulty of securing a Barclays internship depends on various factors, including your qualifications, skills and the overall pool of applicants.
The specific programme you apply for can also impact your chances. For example, as one of the world’s best known banks, competition for the Barclays finance internship may be tougher than for the Barclays marketing internship.
However challenging the process may be, with the right preparation and effort securing a Barclays careers internship is certainly attainable.
Barclays has a significant internship programme and employs a substantial number of interns globally.
However, the specific number of Barclays student internships awarded may vary over time and is subject to change each year.
As a representative example, in 2022 the organisation welcomed around 800 interns onto its summer programme worldwide.
While the likelihood of interns getting hired full time at Barclays varies depending on various factors, the company does consider interns for full-time positions based on their performance and available opportunities.
Barclays values the fresh perspective and potential that interns bring to the organisation, and many interns have successfully transitioned into full-time roles.
It ultimately depends on factors such as the intern's performance, the specific needs of the company and the availability of suitable positions.
Interns who demonstrate exceptional skills, dedication and cultural fit with the organisation have a higher chance of being considered for full-time employment.
It’s possible to be terminated from an internship at any company, including Barclays, if there are valid reasons for termination.
Interns are expected to adhere to the company's code of conduct, policies and performance expectations. Failure to meet these requirements, engaging in misconduct or violating company policies could lead to termination.
It's important to maintain professionalism, fulfil responsibilities, communicate effectively and seek guidance when needed to ensure a successful internship experience.
The Barclays internship programme is open to students who have successfully completed their first year of university.
Note that you do not necessarily need to be studying a finance-related degree to apply, as the organisation considers candidates from a wide range of backgrounds.
That said, there are some programmes, like the Barclays investment bank internship for example, where a relevant area of study will be required.
The work schedule for a Barclays internship varies depending on the specific programme and department.
Interns typically work full-time hours during their placement, which typically spans several weeks or months.
The schedule may follow standard business hours, typically Monday to Friday, but there may be some flexibility or occasional after-hours work required based on the nature of the role.
Barclays strives to provide interns with a well-rounded experience, allowing them to participate in various projects, collaborate with colleagues and gain exposure to different aspects of the business while maintaining a balance between work and personal life.
Barclays is widely regarded as a reputable and respected employer in the financial industry, with a commitment to providing a supportive and inclusive work environment, and emphasising diversity and equal opportunities.
The company invests in employee development through training programmes and career advancement opportunities.
Additionally, Barclays has received recognition for its corporate social responsibility initiatives and efforts to promote sustainability.
However, it's important to conduct thorough research and consider individual preferences and career goals when evaluating Barclays or any potential employer.
Yes, it’s beneficial to prepare before applying for a Barclays internship.
Research the company, its values and the specific internship programme you’re interested in to gain knowledge about the industry and the skills required for the role.
Tailor your CV and application to highlight relevant experience and showcase your alignment with Barclays' values. Additionally, practise for any assessments that may be part of the application process.
Adequate preparation demonstrates your enthusiasm, commitment and preparedness, increasing your chances of a successful application.
Final Thoughts
A Barclays internship is your opportunity to launch a promising career in finance by gaining valuable experience, skills and professional connections. With that in mind, it’s important to approach the application process with care and attention to detail.
Take the time to thoroughly prepare by researching the company, tailoring your application materials and practising for assessments.
By investing effort into your application, you can demonstrate your dedication and increase your chances of success. Our Barclays career guide is a good place to start.
If you are successful, be sure to make the most of your Barclays internship by following the tips outlined in this article. Good luck!
