Guidance & Support on Applying for Placements
| Site: | QMplus - The Online Learning Environment of Queen Mary University of London |
| Module: | UG INFO ZONE - Economics and Finance - 2025/26 |
| Book: | Guidance & Support on Applying for Placements |
| Printed by: | Guest user |
| Date: | Monday, 3 November 2025, 9:38 PM |
Description
If you are a student who is currently in the process of applying for placements. please use this booklet to view guidance and resources available to you to help you secure a placement offer.
1. Prepare to apply for placements
Checklist for Success
Finding and securing a work placement can be difficult. Applications for placement years can often be as lengthy as graduate scheme applications and sometimes even more competitive.
Every student placement journey can look very different. For some, it can take up to 12 months to secure a placement, but for most it is usually between 6-9 months. So, be prepared for the long haul and don’t get discouraged if it feels like it is taking longer than you expected.
It's a marathon, not a sprint, so here are some top tips to keep you on track:
- What do you want to get out of your placement?
Take a moment to think about what you really want to get out of your placement. Is it to have specific experience and networking opportunities in a particular industry? Do you want to experience working overseas, or do you want to have the chance to be close to home? Is it to gain professional experience or to build on what your experience is so far?
In short, how will you measure that you have had a successful year and that you really have made the most of the opportunity?
Work out what you want to do
Perhaps you are lucky enough to have always known what you want to do when you grow up! For most of us, we haven’t got a clue! Working out what type of role you want to do can be the hardest part.
Contact Careers and Enterprise to book in a session to discuss your career aspirations and personal preferences. You can also take some online personality profiles. There are all sorts of free tools which can help shed a bit of light on your personality and related preferences. Ask for feedback from friends and family. What can they see you doing? What are your strengths and weaknesses? They will often have more experience of work and may know about job roles you’ve never heard of. Speak to your personal tutor or course director. They are there to help with placement advice.
What type of organisation do you want to work for?
It is important to think about what type of employer/organisation you would like to do your placement with. Are you open to any sector or are you looking to gain experience within a specific industry? Some key questions to have a think about include:
Do you want to work for a big brand or smaller niche company?
Do you want to work in the UK or abroad?
What type of sector do you want to work in? Finance, health, government, charity - each sector has its own unique way of doing recruitment so it's important to know for the ones you are interested in working with.
Get going and start early!
Companies or sectors have different deadlines, so make sure you know the deadlines for your areas of interest. For example, investment banking, finance and the civil service are known for their early deadlines, so you could have missed them without even realising it!
If you start early, you can perfect your CV and a cover letter template, which you can then personalise to each company. It’s important to show why you are interested in the company and show that you are passionate about their industry or area of work.
Understand the application processes
Every company's application and selection process are different, so it’s important to understand the differences to help you best prepare yourself. The process is usually outlined on the company’s website. If you can’t easily find it, you can look up resources like Glassdoor where previous employees and applicants share their experiences. There is more information below on general application processes but it’s worth spending some time researching and understanding how to be successful in these stages.
Tap into networks
A lot of companies hold virtual and in-person events to give an insight into what it’s like to work there and for applicants to ask questions. It can be useful to show up and network with existing employees or other candidates. Be sure to follow the company’s event pages and social media profile so you’re up to date with what they are doing.
Why not reach out to your existing network? You already know lots of people in a range of different companies. Don’t be shy to ask for any work experience opportunities or short-term summer placements and internships to boost your CV. Demonstrating that you have had experiences of work shows proactivity as well as experience.
Is your online presence professional?
LinkedIn is the social media platform for professionals. Not only can you keep up with industry trends and post your personal achievements, but you can also look for jobs there. A lot more applicants now use LinkedIn as a platform to showcase themselves.
If you’re a student with a lack of experience, why not take part in online courses on LinkedIn Learning? Access to the platform is free for all Queen Mary students.
Don’t forget to clean up your online presence as well. Go through Instagram, Facebook, X (formally known as Twitter) and other platforms and delete what you don’t want your employers to view. More employers are checking out shortlisted candidates' social media profiles so beware of what you post online.
Practice makes perfect
Interviews and application processes are dynamic and unpredictable. So be prepared and practice in front of your mirror! Make sure you’re dressed appropriately and be punctual. Also make sure you are honest - if you don’t know the answer or don’t understand, just ask. Nobody’s perfect. Showing you understand your weaknesses and how to improve on them is a real positive.
Careers & Enterprise have some great resources that will support you with preparing for interviews and assessment centres. If you have an interview scheduled, you can also book a Practice Interview appointment with a Careers Consultant.
Keep going!
Keep going and persevere! We know how hard it is to land a placement role, but an industrial placement can be one of the best ways to secure a great job after graduation. So, keep at it and all that hard work will eventually pay off. Sometimes it may take a lot of applications being sent out to get a response so try not to be disheartened and remember, the more you apply, the more likely you will get shortlisted so try as much as you can to increase your chances of landing a role!
2. Explore your Options
Please see below for two ways of exploring your options:
Browse job profiles on prospects / Take the quiz - Do take a look at prospects where you can browse over 700 job profiles. You can also take a quiz that may give you some interesting suggestions.
Attend Employer Events and Fairs - Especially during the autumn term we host a vast range of employer events which will help you explore your option and find out what it's like to work in various industries/companies.
3. General Application Timelines
Most placements within large organisations will have specific timelines for applications so it’s good to be aware of them so you can prepare and/or apply for them.
Most placement schemes in large organisations including those in Investment Banking, Finance, Civil Service and Consultancy can open as early as July/August before you return to university for your second year.
For smaller organisations (i.e. SMEs, start-ups), their application processes will generally be on a rolling basis and tend to open at various points across the academic year.
The application processes will also be less rigid and structured compared to larger placement schemes and they generally recruit internships/placements at different points throughout the year, or whenever the requirement for a placement student is identified.
4. Application Processes
Large organisations
Depending on the type of organisation you are applying for, the application process will differ.
Typically, large companies will have several stages as part of their application process because the schemes are generally very competitive, and these employers will receive hundreds to thousands of applications every year. To improve your chances of getting onto these schemes, it’s good to be aware and prepared for each stage.
Most large companies use automated systems for the selection process, so it is important to use keywords and phrases you see in the job description on your CV and cover letter.
Here's a typical process for a large company:
Initial application
| This might be through an application, a cover letter or just your CV. Make sure whatever you submit caters to the role and include the keywords and skill set the employers are looking for. |
Online assessments | This step might be a psychometric test, personality test, numerical reasoning, logical tests or something slightly different. This depends on what your role requires. There are free tests online, so why not practice beforehand? Depending on your role, you might also be asked to put together a presentation on a topic of the employers' choice. |
Phone/video interviews | You might be asked to do a phone/video interview, asking situational questions. Or you might be asked to record yourself with questions the employers provide you with. Practice presenting in front of a camera as it is very different to a live face-to-face presentation |
Assessment centres and final interviews | Finally, you might be asked to attend a day at an assessment centre where you will take part in a whole range of activities including group work tasks, different types of interviews and possibly a second round of psychometric assessments. This would also include a final interview with further questions, do prepare some interesting questions to ask the interviewers. |
4.1. Smaller organisations
Small and medium-sized enterprises (SMEs) and start-ups will have opportunities for placement students, and these will generally be advertised on a rolling basis across the year.
They will generally be advertised much later than larger organisations as the smaller organisations will tend to recruit nearer the time when they want the student to be on placement with them (some might ask for an immediate start date!)
Unlike larger organisations, the application processes are generally less intensive and have fewer stages involved. The usual application process will first start with a CV and Cover letter. If the employer likes the application, they will then invite you to an interview and from the interview, a job offer can be provided with an immediate/quick start date.
There are various benefits of applying/securing a placement with SMEs or startups:
It may be less competitive than other schemes
More likely to have a lot more responsibility and impact on the organisation
More exposure to different departments/functions
Closer to senior management and personal growth is valued
If you are considering a placement with a SME/local organisation/start-up, why not write to companies that you want to work for to ask for any opportunities available. Be sure to point out in your email/letter/application why you decided to choose their business to contact.
Working in both large and small businesses will be rewarding - experience is experience! You might be able to get an overview of a department when working for a large business, whereas when working for a small business you might have more responsibility. It all depends on what you want to get out of your placement year.
5. Careers Resources
There are several resources available from Careers & Enterprise and beyond, that can support career growth and prepare you for applying for industrial placements.
Useful resources are available on the 'Careers Support for SEF Students' QM+ Page.
Please feel free to use this example CV which you can download here: https://qmplus.qmul.ac.uk/pluginfile.php/4237661/mod_book/chapter/220687/CV_SEF_Example_UG_1st_year%202%20%281%29.doc
Please find below a table of useful links and resources that you can access:
Resource | Type | Link to access |
Book an appointment with a Careers Consultant | General | |
Job Profiles on Prospects | General | |
Example Investment Banking CV | CV | |
How to write a CV | CV | |
CV & Cover Letter Templates for Students | CV | |
CareerSet | CV | |
Powerful Action Verbs for your CV | CV | |
Practice Video Interviews | Assessments | |
Practise Psychometric Tests | Assessments | |
How to do well in Assessment Centres | Assessments | |
AGCAS Assessment Centre Resources | Assessments | |
Browse QMUL Employer Events | Networking | |
How to answer competency questions | Interviews | |
Shortlist.Me | Interviews | |
Careers Discovery Library | Interviews | |
LinkedIn Learning | Career Growth | |
Forage | Career Growth |
5.1. Useful External Links
Here are some useful external links and resources that you can utilise to help with placement searches and developing your confidence with application processes:
- Placement Schemes Application Tracker: Trackr: Application Tracker 2024/25 - Google Drive
- Goldman Sachs Interview Questions: Goldman Sachs interview questions: the definitive list (efinancialcareers.co.uk)
- Prospects - Work Placements: Work placements | Prospects.ac.uk
- How to Secure a Work Placement Year at University: How to Secure a Work Placement Year at University | Top Universities
- Technical Interview Questions (Finance): https://qmplus.qmul.ac.uk/pluginfile.php/4237661/mod_book/chapter/233966/Technical%20Interview%20Questions_Finance%20%281%29.pdf?time=1736785899951
5.2. Interview Resources
There are several tools you can use to get ready for all your upcoming interviews. Have a look at the support offered
- Shortlist.Me: Unlimited on-demand mock interviews, providing you with instant actionable feedback to
- Build your confidence
- Develop winning answers
- Perfect your pitch
- Career Discovery Library: Browse the career discovery library for resources to help you in your interview.
- Book an appointment for a practice interview with the Careers Team.
- Attend one of the upcoming Assessment Centres with Gradcore. Remember that this is also a compulsory part of the assessment for ECN005
- Review these mock interview questions for industrial placements:
https://qmplus.qmul.ac.uk/pluginfile.php/4237661/mod_book/chapter/220471/Mock%20IV%20Questions%20for%20IP.pdf
6. Jobs Boards: Where to look for placements
JOB BOARDS- QMUL Target Connect – University of London Job board (specific for QMUL);
- Bright Network- useful website that a lot of large employers post on when their placements schemes are open
- RateMyPlacement - website dedicated to placements, where you can also find company and job reviews from previous placement students.
- Civil Service jobs - jobs board for roles within the civil service
- Indeed - popular job board that also posts placement schemes
- Gradcracker - Careers website for STEM students, has opportunities in business/finance/economics also
- CIMA - for accounting and finance related jobs
- Target Jobs – Under 'opportunity type' you can filter for Placement;
- LinkedIn Jobs - LinkedIn jobs section is used by various employers to promote their opportunities
- Milkround – Search for 'Placement Year Intern';
- Student Ladder – Select 'Degree Year 2' on the bar at the top and then choose the column on the right - 'Industrial Placements';
- eFinancial Careers – You can find finance-related jobs;
- Prospects – Look at 'Job profiles' under the 'jobs and work experience' section;
- Mergers & Inquisitions – Comprehensive website about the financial sector with articles explaining different types of jobs and giving cv tips;
- Inside Careers - Similarly to the previous one, this website provides you with detailed information about some economics & finance related career paths. Once you select a profession type, you can also browse for jobs listed and look for placements;
- Going Global- Once you sign up, you can look for opportunities, industries and companies abroad;
- Glassdoor - Extremely useful website to check companies ratings, work cultures and reviews as well as apply for jobs;
- Debut Careers - Debut App allows you to browse hundreds of jobs with top employers on your phone, apply with the touch of a button. Employers get in touch with you directly to fast-track you, skipping application forms on your way to interviews and exclusive events - sometimes even before you've applied! Available on iOS and Android.
- Ladder is an online professional community for thousands of college students with a large range of internships and jobs.
- QTemps - Paid temporary work for Queen Mary students and graduates, including roles on campus and with our external business partners.
Startups - Some websites that focus on UK and international startups and SMEs
- Work in Startups
- UK Startup Jobs
- Unicorn Hunt
- Angel List
- Tech London
- Crunchbase - this is a useful tool to read startup-related news and check company information (such as funding rounds or investors).
Internships in the US
- USA Gov: government website with a job directory. It also explains the inside out of visas and immigration rules for job seekers.
- Career One Stop
- InternJobs
- CareerBank
- this article by Forbes lists some of the best websites to find an internship in the US and how to use them.
7. Common Placement Employers
Please find below a list of common industry placement employers within Economics and Finance, their general application opening window and links for more information/how to apply.
Name | General Applications Opening | Website Link |
Accenture | Autumn | |
Airbus | September | |
Allianz UK | September/October | |
Alpha Sights | Rolling | |
American Express | November/December | |
Aon | September | |
Aviva | December | |
AXA | Rolling | |
Bank of America | August/September | |
Bank of England | September/October | |
BDO | September | |
BlackRock | September/October | |
Bloomberg | September/October | |
BMW Group | Autumn | |
BT Group | October/November | |
Cooper Parry | October | |
Deloitte | September | |
Deutsche Bank | November | |
Disney | October | |
Experian | October/November | |
EY | September | |
FTI Consulting | September | |
GlaxoSmithKline (GSK) | September - December | |
Goldman Sachs | 15th August 2024 | |
Government Economic and Social Research (GESR) | Autumn | |
Grant Thornton | September | |
HSBC | August - November | |
IG Group | Spring | |
IK Partners | March/April | |
Jaguar Land Rover | October/November | |
JP Morgan | September/October | |
KPMG | Autumn | |
Lazard | October | |
Legal & General | Autumn | |
Lego | November - February | |
Liberty Global | Autumn | |
Lloyds Banking Group | September/October | |
L'Oreal | September/October | |
Mazars | Rolling | |
Morgan Stanley | September/October | |
Nationwide Building Society | October/November | |
NatWest | November/December | |
Network Rail | Autumn | |
Nomura | November | |
Oxford Economics | October | |
PA Consulting | October | |
PwC | End of August/Early September | |
Rolls-Royce plc | Rolling | |
Shipleys LLP | Autumn | |
SMBC | October/November | |
St James' Place | November/December | |
Toyota | October - December | |
TSB Bank | Rolling | |
UBS | September 2024 | |
Unilever | October | |
Virgin Media | Autumn | |
Vodaphone | October/November | |
Volkswagen Financial Services | October/November 2024 | |
Walt Disney | Autumn | |
Warner Bros | Autumn |
If there is an organisation in the list above that you are keen to work with during your Year in Industry, make sure to research them thoroughly and sign up to their Talent network as this will send you reminders for any upcoming events/panels/career opportunities.
Top Tip
- Bookmark the vacancies page and remember to keep checking their website for updates on when they start recruiting for their placement scheme as well as any resources on how to succeed in their specific recruitment process (most of these organisations will give applicants useful information on their application process on their website)