Lloyds Bank insight?
Hello!
Any insight on Lloyds Bank CIB in London? About salaries/bonuses, which desks are strongest, career progression, exit opportunities?
Thanks!
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Grad scheme salary is 50k with the option to roll off after 1 year.
Bottom of street salary
Financial sponsors/Corporate institutional debt/Leveraged finance are strongest teams
exits include: Lazard, Lincoln, Nomura, Natwest
I interviewed with 2 directors at a different office a while back. Both of them kept their cameras off during the Zoom call and the one director annoyed me because he was arrogant in every response and every question. I rejected the invitation for a 2nd round interview.
Take it as a last resort. Everybody there doesn't want to be there, just waiting on chance to hop.
Be careful of exits, you saw good names in bull market.
I joined Lloyds and moved over to mm IB after a year and a bit. Normally, most people don’t leave Lloyds due to the insane WLB and decent pay. However, if you were to leave, the best teams for exits are infrastructure by a mile. Other teams like lev fin are okay but exits will only be to another bank unless you want to do cap markets work. Cap markets at Lloyds also tend to exit okay to BB but the majority of people leave Lloyds and go to Japanese banks.
Hey,
I currently have an offer from there. Would love to know more about your experience if you have some time. Thanks a lot!
Could you share what the lateral process was like? How many interview rounds? Did you get mostly behavioural or technical questions? Did you have to do a modelling test? Any general advice on lateralling, as I am planning on lateralling from MM IB to either a BB or EB.
The lateral process was 5 rounds. 1st was an intro call with HR, 2nd was behavioural with associate, 3rd was dcf modelling test, 4th was technical, 5th was behavioural.
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