Inside & Out is a virtual event designed to help LGBTQ+ students graduating in 2023 or 2024 to develop an understanding of the investment banking sector, while addressing any concerns students may have in relation to being LGBTQ+ in the workplace.
Inside & Out is an initiative of the Interbank Forum, an industry-wide group that focuses on promoting career opportunities in corporate and investment banking. The event is also supported by myGwork, which is a leading online recruitment and networking hub for LGBTQ+ professionals and organisations.
Put simply, investment banks provide a range of financial services to companies, governments and wealthy individuals. One of their main roles is to help clients raise capital by issuing and selling securities in the capital markets. They provide expert advice on mergers and acquisitions, a well as helping clients manage their financial risks.
Attendees need to be in their first or second year of university and identify as LGBTQ+. Because of the wide range of careers on offer, we welcome applications from all degree disciplines – so you don’t have to be studying a traditional finance-related subject to apply.
What you’ll need is a real desire to find out all you can about the industry, as well as the wide range of intern and full-time opportunities on offer.
Collecting and protecting your data
In the run up to the event, we’ll be collecting certain data from student attendees. To apply now please fill out your details in the form below. We’d also love to keep you posted about other events that might be of interest. So make sure to tick the box that says you’re happy for us to stay in touch.
What sort of professional and social LGBT networks exist within the banks and what service do they provide?
All of the banks profiled on this site have LGBT employee networks, and recognise the value they add to a diverse workforce. In general, such networks can provide development and mentoring opportunities, as well as organising great social events and activities. They offer a chance to mix with fellow employees from all levels, allowing you to build connections right across the business. They also serve as the voice of the LGBT population and can help drive change and shape policy.
Should I mention my sexuality in the application process?
That is entirely up to you. Some people are more comfortable being ‘out’ than others – it’s a decision only you can make. You can mention your sexuality on the application form, during interviews or after an offer has been made, or you may decide that you’re not prepared to discuss your personal life at work.
The choice is yours.
Do I need a finance-related degree?
Although knowledge of finance is not essential for many careers within investment banking, you will need to demonstrate a genuine interest in, and motivation for, the area that you are applying for. Most banks run intensive formal training schemes tailored to the needs of each business area, which ensure every graduate joiner has the required skills to be successful in their roles.
Banks typically look for people who combine a mix of skills and aptitudes, and who can contribute to a culture of teamwork and achievement. You will need an excellent record of personal accomplishment, along with impressive academic credentials. Most programmes will require you to have a 2:1 or above in any academic discipline.
Do I need to have been to Oxbridge?
There is no preference shown to graduates from specific universities – banks recruit talented people from universities across the UK and internationally.
How will the industry evolve in terms of career prospects?
The investment banking industry is constantly evolving because our clients are constantly evolving. With that change, comes enormous opportunity for both personal and professional development and mobility. Opportunities won’t necessarily come to you – it’s up to you to seek them out. The global nature of investment banking will offer those opportunities.
How has the economic downturn affected graduate opportunities?
All participating banks in Inside and Out continue to recruit a large number of interns on to their 1st and 2nd year programmes. A large amount of interns hired are then converted on to their full time programmes.
What’s the most common reason for an unsuccessful application?
Most unsuccessful applications for a place on an internship or graduate scheme are due to a candidate’s inability to demonstrate commercial awareness, knowledge of, and motivation for, the investment banking industry. Candidates are expected to show evidence that they’re right for the sector through their studies, work experiences or interests. Coming along to an event like this will put you in good stead and is something you can add to your CV.