Lloyds TSB Profile
[Edit]Lloyds TSB employs over 80,000 people in 20 countries worldwide. The Lloyds TSB business covers pensions, investments, corporate markets and insurance, as well as retail banking.
Graduate Schemes Available
[Edit]Lloyds TSB hire about 160 graduates each year for a general graduate programme, called the "Graduate Leadership Programme" that allows for specialisation in one of several key work areas.
The "Graduate Leadership Programme" provides training, rotational placements and the opportunity to study to gain qualifications. The programme lasts for two years and is available in the following work areas:
- General Management (two years)
- Corporate Markets (two years)
- Finance Professional Programme (three years, includes CIMA)
- Customer Value Management (direct entry)
- Risk Management (direct entry)
- IT (two years)
- HR (two years)
Selection Criteria
[Edit]UCAS points aren't part of the selection criteria for Lloyds TSB graduate schemes. The minimum academic requirement is an expected or achieved 2.1 in any discipline.
For the Business Specialist Programme it depends on the programme you apply for, but generally the academic requirements for this programme are between 200 and 260 UCAS points or equivalent. You do not have to have a degree, but of course you can apply if you do.
Training
[Edit]Graduate trainees typically finish their training within two to three years of joining Lloyds TSB, when they would be expected to obtain a management position. For the Corporate Markets scheme, the programme typically last for two years. The Finance Professional Programme is linked to the CIMA qualification, which typically takes around three years.
Whichever programme you choose, you'll have a week-long residential induction to introduce you to Lloyds TSB. During this induction there will be talks from guest speakers, group dinners with key people from Lloyds TSB and the chance to network and make contacts with other new and existing graduates.
After the induction your training will be tailored to your chosen scheme. Your development will be supported by an experienced graduate, a senior manager and a graduate development manager.
On the Finance Professional Programme, you'll gain full funding towards the CIMA qualification. On the other programmes, you'll be able to use up to £3,000 to gain further qualifications, attend conferences or invest in personal development.
Many graduate trainees go on to obtain the Diploma in Management Studies.
Training Locations
[Edit]For the Graduate Programmes, including the Corporate Markets Programme, your base will depend on the specific business area you join, though most of Lloyds TSB's operations are located in London and Bristol. Insurance & Investments operates from centres in Edinburgh and Newport, South Wales. Industrial internships will almost certainly be located in London, Manchester or Bristol.
Full mobility is a requirement for all Lloyds TSB graduate programmes. All graduate trainees should be prepared to move temporarily within the UK and sometimes overseas during their training. The Business Specialist Programme is the only graduate scheme that does not require you to be fully mobile (i.e. live temporarily anywhere in the UK, even at short notice) but you will be expected to be fully mobile within the region in which you’re placed (or across regional borders if applicable).
Training Salary
[Edit]- Group Leadership Programmes will be £28,000.
- Corporate Markets Programme, the basic salary is £31,000.
- Business Specialist Programmes salaries will be between £15,500 and £17,500.
- Industrial Placement Programme and the Group Internship Programme, the basic salary is £15,000 a year (pro-rated for Summer Internships).
- The salary for the Corporate Markets Internship Programme is £21,000 pro-rated.
If you’re based in London you will also receive a London allowance, which is currently £3,450.
Internships
[Edit]Industrial Placements typically last for 12 months.
Summer Internship placements typically last between 10-12 weeks.
