2 March 2011
Local youngsters can now apply for a paid summer internship at top City firms.
Uniquely, the internships funded by the City of London Corporation are paid – students receive the average wage for a graduate role – ensuring school leavers from all backgrounds can apply.
And it has proved hugely success for Southwark students in the past. Connor Cassidy, a former student at The City of London Academy in Bermondsey last year scooped the distinguished City of London‘s ‘Trainee of the Year’ award after he got an internship at UBS.
Connor’s commitment and innate business acumen singled him out amongst his peers. As a real testament to his efforts, UBS has extended his placement into his gap year. He was presented with his award by the Lord Mayor of the City of London, Nick Anstee, at a prestigious awards ceremony at RBS last October.
The City of London Business Traineeship scheme is open to all Year 13 students in Southwark and the other City-fringe boroughs. Applicants are initially assessed according to their GCSE grades and are selected through an interview and workshop process. Successful applicants are matched with City businesses who interview the applicants and then choose trainees.
Stuart Fraser, Chairman of Policy & Resources Committee at the City of London Corporation says, “We recognise that there is so much young talent on the City’s doorstep, yet the Square Mile can sometimes feel like a world away for young people who live in the City-fringe boroughs.
The City of London Business Traineeship scheme bridges this gap by offering skilled school leavers from the City’s neighbouring boroughs the opportunity to develop career transformational experiences and establish relationships with leading firms to ultimately get ahead in a competitive job market.”
Now in its 17th year, the City of London Business Traineeship Scheme is solely funded by the City of London Corporation and is delivered by the Brokerage Citylink. Last year 85 students were placed at a plethora of City businesses including law firms, financial powerhouses and legal companies. In 2010 host firms included UBS, Royal Bank of Canada, Bloomberg, Allen & Overy and the Bank of England.
If you are a business interested in a hosting a trainee or a young person included in participating in the City Business Traineeship scheme, go to www.cityoflondon.gov.uk/cbt
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