Understanding how crucial a Spring Week is to a fresher’s career start in finance, the UCLU Investment Society has consolidated our collective knowledge of the application process into the UCLIS Mentorship Programme. As a society, we want to demystify securing your first university internship in Investment Banking, Trading or Consulting and provide the necessary guidance from application start to finish.
40 UCL Fresher’s will be assigned a dedicated upper-class mentor who has successfully completed a Spring Week previously. Mentees will also gain exclusive access to practice tests, interview prep and be fast-tracked to company networking events throughout the year.
Our mission is to increase the representation of a diverse group of motivated and talented UCL students in leading global institutions. Building a knowledge network helps us achieve this goal. The program seeks to teach first-year applicants how to make themselves stand out in the competitive internship process.
As one of UCL’s largest professional finance & investment societies, we have built a network of students with successful past Spring Week experience. Just to name a few, our mentors have been to Rothschild, Goldman Sachs, Citi and McKinsey. Banking on their experience, each mentor will provide constant CV and cover letter feedback, as well as interview and skill training.
WHAT TO KNOW
WHAT IS A SPRING WEEK?
As a fresher at UCL, it may seem too early to be set on a career path, not to mention begin internship applications in the first months of being on campus. However, the reality of the finance industry means that if you would like to work in the sectors post-graduation, attending a Spring Week should be a priority.
Spring Weeks (Spring Insights, Work Experience Weeks, etc.) are most commonly found in the UK as week long internships running in March/April. Most international banks, consulting firms and some departments of multinationals run these programmes as an opportunity for students to gain an insight into the day-to-day operations of their firm and as a way to spot potential talent early on. Spring weeks are by far the best (but not the only) way to gain a penultimate year internship, which further leads to a full-time postgraduate position.
Although the allure of a career in technology sector is ever rising, investment banking, trading and consulting are still one of the most selective and competitive careers paths for university students. Attending a Spring Week can be the perfect opportunity to explore an interest in the world of investments and finance, as well as position yourself for the best chances to enter these sectors post-graduation. Thus, what could be a better way to excel in this process than to learn from those who have succeeded in it.
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MENTORSHIP PROGRAMME KEY DETAILS
2nd week of October 2016
Last week of first term of UCL
1st year (3-year course) or 2nd year (4-year course) UCL students
Open to all courses of study
Submit contact details & CV
Although there are many resources on CV writing available online, through UCL’s career centre and on-campus CV clinics, a winning resume should be tailored to best represent an applicant’s past achievements. A 1-hour CV session is often not enough to create a competitive resume. UCLIS mentors will be able highlight mentees unique competencies through required weekly CV editing. Completing the Mentorship Programme, your CV will stand out from the 4000 yearly Spring Week applications.
2. COVER LETTER
Of the roughly 5000 UCL fresher’s every year, each student has a diverse and unique background that should be efficiently communicated in a banking or consulting cover letter. A cover letter should be much more personal than a CV in demonstrating an applicant’s’ motivations for applying. The 8-week long Mentorship program gives mentors room to discover their mentees key competencies and provide suggestions on how to utilise them in a cover letter.
3. PSYCHOMETRIC TESTS
An often required aspect of the Investment Banking and Trading application process (and seldom liked) is numerical, verbal and logical testing. The one thing that all successful Spring Intern’s can agree on is that practice makes perfect with psychometric testing. The UCLU Investment Society has partnered with JobTestPrep, a leading assessment provider, to offer mentees access to a range of tests that they shall encounter at companies at discounted offers. The exclusive access will save students the time and significant cost of practicing a mechanical part of the application sequence.
4. INTERVIEW PREP
Often having gone through multiple interviews before securing one (or more) Spring Internships, our mentors are well trained in this type of verbal communication. Closer to interview dates, the mentees will work with their buddies to practice mock behavioural, motivational and competency based interviews.
5. SKILLS TRAINING
UCLIS has partnered with interview & skills guide providers in order to offer our Mentorship participants sought-after educational material. Thanks to our data partners, mentees will be ahead of the curve for their interviews.
6. PRIORITY ACCESS
The UCLU Investment Society has multiple events planned with representative with our global partners throughout the academic year. Mentees will have reserved access to all of our events and the opportunity to connect with employers in an intimate setting.