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Commonwealth Bank

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4.3
  • 1,000 - 50,000 employees

Banking and Accounting Summer Intern Program (Nov 2024)

Location details

On-site

  • Australia

    Australia

    • New South Wales

      Sydney

    • Queensland

      Brisbane

    • South Australia

      Adelaide

    • Victoria

      Melbourne

    • Western Australia

      Perth

Location

Sydney, Brisbane, Adelaide

Opportunity expired

Opportunity details

  • Opportunity typeInternship, Clerkship or Placement
  • SalaryAUD 58,000 - 60,000 / Year
  • Number of vacancies1-10 vacancies
  • Application open dateApply by 16 Aug 2024
  • Start dateStart date 24 Nov 2024
  • Kick-start your journey with Australia’s biggest bank.
  • You’ll spend the summer experiencing life at CommBank, meeting awesome people and getting hands on with projects.
  • Get great work perks (think gym membership discounts and reward points to put towards your next holiday) and have loads of fun together along the way!

Do work that matters 

Your passion for people and cultivating relationships will make you the point of contact between the numbers and the business while delivering meaningful insights. 

You’ll gain hands on experience to real life projects; make an impact to customers and communities and if you’re part of Institutional Banking and Markets you’ll begin your journey with a four week Graduate Academy. 

Your ability to analyse data, information, and comfort working with numbers and trends will allow you to connect the dots to find your stakeholders the best solutions.

See yourself in our team 

When you apply to the Banking and Accounting career pathway, there are three programs to choose from. 

Finance & Accounting – Sydney

Over the summer, you might see yourself in Group Treasury, Climate Strategy, Investor Relations, Capital and Audit. You’ll work on projects that support our Board, our shareholders and a range of business areas across the Group in their decision making. We'll also support you with gaining further professional accreditation. 

Business Banking - Commercial (Relationship Management) – Sydney, Adelaide, Brisbane, Melbourne & Perth

You’ll have a direct impact on our customers and the community standing side-by-side with our business clients across Australia, providing them with financial solutions to bring their visions to life – everything from start-ups to listed companies. 

You’ll develop your skills in credit analysis, financial modelling, interpretation of customer’s financial information, and managing the end-to-end lending process. 

At the end of your program, you’ll have the chance to fast track into the Graduate Program where you roll off into an Analyst role. At the end of the Program, you’ll be future ready to become a banker or leader in our business by transitioning into a challenging role as an Analyst.

Institutional Banking and Markets (IB&M) – Sydney 

See yourself in our IB&M teams within (Global Markets or Commodities, Trade & Carbon), private area (Client Solutions or Capital Structuring) and support teams (Chief Operating Office, Non-Financial Risk & Conduct or Quants, Data, Analytics and Technology). 

You’ll gain an in-depth understanding of IB&M, benefiting from making live deals and trades while interacting with our institutional clients. You have the opportunity to obtain international exposure and work experience. You’ll work on high profile projects where you can influence others. 

After the Summer Intern Program, you’ll have the chance to fast track into the Graduate Program where you'll have the opportunity to move into an Associate level role in Client Solutions, Capital Structuring, Commodities, Trade & Carbon, Global Markets or Quants, Data, Analytics or Technology.

Check out commbank.com.au/graduate to find out more about our pathways. 

Join us

You may have a background in quantitative degrees such as Accounting, Finance, Economics, Statistics, and Mathematics or studied subjects aligned to these disciplines. You’re also -

  • Innately curious about analysing data and information to draw conclusions;
  • Proactive, highly engaged and an ambitious self-starter;
  • Someone who has excellent interpersonal skills and a strong desire to succeed;
  • Passionate about building meaningful relationships with our customers

At CommBank, we’re committed to your development, career growth and training. We encourage you to apply for our program no matter what your degree. Your skills may align to one of our roles. 

If this sounds like you, and you’re - 

  • An Australian citizen or Australian permanent resident at the time of application;
  • A New Zealand citizen already residing in Australia, and an Australian resident for tax purposes at the time of your application;
  • In your penultimate year of your overall university degree, or if you’re doing a double degree (in your penultimate year), and;
  • Have achieved at least a credit average minimum in your degree’

We have a long history of supporting flexible working in its many forms so you can live your best life and do your best work. Most of our teams are in one of our office locations for at least 50% of the month while working from home the rest of the time. Speak to us about how this might work in the team you're joining. 

Apply now for our Summer Intern Program!

Work rights

The opportunity is available to applicants in any of the following categories.

Work light flag
Australia
Australian CitizenAustralian Permanent Resident
Work light flag
New Zealand
New Zealand Citizen

Qualifications & other requirements

You should have or be completing the following to apply for this opportunity.

Degree or Certificate
Qualification level
Qualification level
Bachelor or higher
Study field
Study field (any)

Hiring criteria

  • Experience requirementNo experience required
  • Working rights
    New Zealand Citizen
  • Study fields
    Business & Management
  • Degree typesBachelor or higher
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Reviews

user
Graduate
Sydney
5 months ago

Client meetings, speaking with the frontline team regarding client files, administrative work

user
Graduate
Melbourne
5 months ago

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.

user
Graduate
Sydney
5 months ago

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.

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About the employer

CBA Alpha 1 Primary Beacon RGB 50px@3x.jpg

Commonwealth Bank

Rating

4.3

Number of employees

1,000 - 50,000 employees

Industries

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.