🙏🏾 Ramadan Mubarak, £5.5k internships, CEO salaries being cut...

FYI: New internship drop 💸

Read Time: 5min 18 secs

What’s good Gang!

Happy Ramadan to my Muslim brothers and sisters, wishing you all the best with the Fast 🙏🏾❤️

Also shoutout to Chidera for the kind feedback on the newsletter.

Let’s dig in, shall we ⬇️

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Events: £5.5k 10-Week Consulting Programme

Consulting applications for a global investment services firm are now live 🫡

Before you run off to apply, here are some key bits of info:

Programme: 10-week summer internship with immediate full-time opportunity dependent on performance. 

Department Hiring: Investment Compliance Consulting division.

Salary: £29,000 (pro-rata) i.e. £5.5k for 10 weeks

Eligibility: Final year student and working professionals highly interested in investments, compliance, and consulting and immediately available to start a full-time role after the internship

Next steps: Sign up for…

  • Employer Introduction Session: To gain insider info from hiring managers and employee representatives on how to stand out in the application process.

  • Application Support Session: Hosted by an experienced careers coach plus relevant industry professionals to help you with submitting the best applications.

Attending these sessions is mandatory because #nodeadapplications 😤

However, if you are confident, you can skip all of this and apply now.

PS: Here’s the virtual event from last year to help out.

Who’s Hiring: Corporate job translations

Weekly Top 10: Internships open to students, career changers, recent graduates, and full-time employees. Potential to convert internships to full-time depending on performance 🫡

  1. Investment Compliance Consulting Internship, £29,000, London

    • Exposure to high net worth clients

    • Exposure to the investment world

    • Very interesting role in my opinion

  2. Legal & Company Secretary, £28,000, London

    • Broad legal support role in Asset Management

    • Great alternative to the Trainee Solicitor route

    • Doesn’t look sexy on paper but you’ll be surprised

  3. Energy Flexibility Internship, £28,000, London

    • Fancier way of saying Data Analyst

    • SQL, Python, Databricks and alla that

  4. ESG Internship, £28,000, London

    • Again another undercover sexy role in Asset Management

    • Making sure investments are woke for societal standards

    • Very niche upcoming field so you get to define it really

  5. Development & Innovation Internship, £28,000, London

    • Bascially an ideas and do(er) job

    • Projects to make Energy cheaper and sustainable

  6. Finance Internship, £28,000, London

    • Operational Finance in the Electric Vehicles (EV) space

    • Dealing with investments, customer contracts etc.

  7. Account Executive Internship, £28,000, London

    • Customer Service but sexier

    • Little bit of Operations & Sales

    • In the EV space

  8. Talent Acquisition Internship, £28,000, London

    • For anyone interested in HR overall

  9. Portfolio Assistant Internship, £28,000, London

    • Operations plus supporting portfolio of clients

  10. Portfolio Management Internship, £28,000, London

    • Asset Management gig in the fund team

    • Investments and all the exotic stuff

Top Picks: New jobs, virtual events & collabs

📈 Consulting Programme: If you are looking for a career in Investments, Consulting, and Compliance, check out this programme.

🎫 Last-minute tickets: We have just released some last-minute tickets for next week's in-person recruitment events. There’s going to be a dedicated prayer space for people fasting btw 🙏🏾  London tickets | Manchester tickets

📝 Application Support: Demi has planned a series of virtual application support sessions with employers, career coaches and industry professionals to increase your chances of securing an offer. Sign up for all the sessions here because #nodeadapplications 😤

Headlines: CEO salaries are getting cut 💸

Job Market 💼

  • Global investment services firm goes live with internship to analyst Consulting pipeline programme (Beyond Education)

  • Rothschild MD in his 40s says he had two strokes and is off work (efinancialcareers) - yh probs best to take a break till further notice

  • European bank informs students it’s cutting graduate scheme (efinancialcareers) - the internship meth by be the way to get in

  • “I earn £250k+ as a banker in London. I do not feel secure enough to have a child” (efinancialcareers) - oh pack it in!

  • BP cuts boss’s pay by 30% after company misses profit targets (The Guardian) - wonder how bro is gonna survive on the millions now sigh

  • Rolls-Royce CEO’s pay slashed by almost £10m despite rocketing FTSE 100 shares (City AM) - is it CEO punishment day or something lol?

  • How to get a job at Goldman Sachs - the inside track (efinanciacareers) - might use someday lol

  • 'Employers must step up' | 4.5m UK workers earning below real Living Wage (HR Grapevine)

  • Work coaches to focus on long-term unemployed (BBC News)

  • How skills-focused hiring could change the shape of the labour market (LinkedIn News)

  • US retailers publicly scrap some 'DEI' initiatives while quietly supporting others (Reuters)

  • Low-paid workers to get 80% of salary in sick pay (BBC News)

  • UK jobs cuts accelerate as firms fret over stagflation (City AM)

General Shenanigans 🚨

  • Alan Sugar: The Apprentice star sells entire stake in recruitment firm (City AM)

  • Trump tariffs could be good for some countries, including the UK (BBC News)

  • Digital nomads costing UK economy £3bn a year (City AM)

Abit Techie 👾

  • Amazon-backed AI firm Anthropic valued at $61.5 billion after latest round (CNBC) - i really need to switch industries man :(

  • Banks reported 158 IT outages in past two years (LinkedIn News) - how coincidental 🤔

  • ChatGPT doubled its weekly active users in under 6 months, thanks to new releases (Tech Crunch)

  • 'AI Divide' | UK firms with clear AI strategies outperforming those without, Microsoft warn (HR Grapevine)

  • Taiwanese chip king invests $100b in the US (The Morning Brew)

Investment Heads 💸

  • Abrdn changes name back to Aberdeen and swings back to profit (City AM) - the consulting firm that gave them this advice must be gassed lol

  • Citi Copy-Paste Error Almost Sent $6Billion to Wealth Account (Bloomberg UK) - why is this mistake never made with my account!

  • Millions in compensation expected for customers hit by Barclays outages (Sky News) - again how does one get involved 😭

  • Poundland up for sale as budget tax hike looms (Sky News) - if they sell it for 99p I will consider (stupid jk my bad)

  • David Cameron joins Jeb Bush’s private equity firm (Financial Times)

  • Why VCs ghost founders, or reject deals and never speak to the founder again (Tech Crunch)

  • Private equity industry shrinks for the first time in decades (Financial Times)

Honourable Mention 🗣️

  • US ban looms, yet TikTok’s ad revenue soars (City AM)

  • ‘Sell’ Greggs shares analysts say after poor results (City AM)

  • Billionaire hedge fund founder was fired from his first hedge fund job (efinancialcareers)

  • Hugging Face’s chief science officer worries AI is becoming ‘yes-men on servers’ (Tech Crunch)

  • Christie’s AI art auction reportedly exceeds expectations (Tech Crunch)

  • What’s going into your stocks-and-shares Isa this year? (Financial Times)

  • Hundreds of Santander customers in UK hit by banking problems (The Guardian)

  • As Goldman Sachs fires underperforming VPs, time in office is a criteria (efinancialcareers)

Headlines curated by Isobel 🤝

Candid Memes 🙂

Employer Referrals 📨

A lot of people always ask: “How can I help Beyond Education”

Simply put: Introduce me to relevant contact(s) in your corporate job who are responsible for DEI & hiring.

It’s that simple!

To make this easy, I’ve created a simple 1-page summary on Notion.

With intro templates, helpful links & relevant details to help more underrepresented talent access opportunities with inclusive employers 🚀

Access the 1-pager here ⬇️

Founder Updates 👋🏾

Nothing much from me today just grinding as per.

Here’s a pic of me on the grind ⬇️

Appreciate you for making it to the end of the newsletter Gang.

PS: Please Update this quick form so I can get to know you better 😊

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