Commonwealth Bank
2020-2021 Institutional Bank Summer Intern Program
Opportunity expired
Opportunity details
- Internship, Clerkship or Placement
- Apply by 3 Aug 2020
DO WORK THAT MATTERS
As part of the Institutional Banking & Markets (IB&M) Graduate Program, you'll have the exciting opportunity to work with major corporate, government clients and institutional investors. The team plays a critical role in providing products and services to stakeholders that make signficiant impact on everyday life.
As a Summer Intern, you'll get a taste of working on interesting projects that influence and help to build a better Australia.
Depending on which area of the business you will be placed in over the summer, you can be actively involved in financial analysis, financial modelling, preparation of pitch books, undertaking research projects, and dealing directly with internal and external clients.
WE'RE LOOKING FOR YOU
The environment in IB&M is fast-paced and exciting. We're looking for people who are adaptable, a critical thinker, innovative and motivated.
You don't have to be a finance graduate to fit into the IB&M team – we have a range of people from engineers, lawyers, scientist to arts graduates all making a significant contribution to the bank.
WE INVEST IN YOUR FUTURE
The program commences on the 23 November 2020, where you'll join as a full-time employee over the summer. Here you'll get a taste of what it's like working at CommBank through formal learning events and workplace-based experiential learning, to help you decide if we're the right fit for you.
The program centres around 4 key elements:
- Shine: Contribute from day one by working on real projects that impact our business and our customers, within Australia's largest bank.
- Develop: Participate in market-leading training to develop your technical and soft skills. This will help with the transition to full-time work from university over the summer, and ensure you excel in your immediate and future roles.
- Network: Build networks and friendships through unparalleled access to senior leaders, project leads and program sponsors, enhancing your personal and business profile.
- Contribute: Give back to the community through intern initiatives, driving positive change across our organisation and improving the wellbeing of our intern cohort.
WHAT YOU NEED TO KNOW
- You are an Australian/New Zealand citizen or Australian permanent resident at the time of your application (essential);
- In your penultimate year (second last year) of your university degree, or if you are doing a double degree, you must be in your penultimate year of your overall studies (essential); and
- Achieving at least a credit average across your university degree (essential).
At CommBank, we're committed to building a diverse and inclusive workforce reflecting the customers, businesses and communities we serve. As a value's driven organisation, we nurture and support our people; through focusing on skill and talent development, collaboration, flexibility and internal promotion. With service in mind at every touchpoint, we take accountability for the role we play in securing and enhancing the financial wellbeing of people, businesses and communities. At CommBank you can be you.
Reviews
Client meetings, speaking with the frontline team regarding client files, administrative work
It will vary depending upon what department/business unit you are in. However in my circumstance I am an Graduate/Analyst; my daily task involve morning emails, attending to applications and strategy papers, lots of meetings, some longer one rife with information or short ones to provide updates. Then after a lunch with the team it is back into credit writing. Then finishing off the day with emails. There is always time for a coffee run with the team and some good quality banter.
My role involves balancing business and customer needs in innovative and strategic ways. Day to day, I work on projects that involve uplifting certain aspects of the CBA App. I also work towards my graduate development goals to ensure I make the most out of this experience.
About the employer
Commonwealth Bank
4.3
1,000 - 50,000 employees
Banking & Financial Services
A brighter beginning for your career.
Pros and cons of working at Commonwealth Bank
Pros
Work-life balance and culture.
The vast amount of opportunities in the field of technology can help you upskill and keep motivated.
The people at CBA are extremely welcoming and talented.
Flexible working style and arrangements.
Clear investment in the technology area. This supports graduates in this area significantly.
Cons
As the company has the head office in Sydney, most of the teams are located there. If you are based in other cities, you may not have anyone in your team around you.
There is a level of competitiveness I find specifically in the Grad program cohort.
Limited career progression.
The over-importance of networking. You may not get as far as being 100% your authentic self.
With CBA being such a large organization, it can sometimes be difficult to navigate the ecosystem and find the right person who can help.