If you are interested in investment banking and are looking for an opportunity to grow your career, Barclays may be a good choice. The investment bank is a global financial services provider and offers a range of services to support its corporate clients. The investment banking services offered by Barclays include global corporate treasury, corporate insights, and FinTech.
Barclays has a strong franchise in investment banking
Barclays’ investment banking franchise is a powerful one, with a diversified portfolio across a variety of sectors. The bank has a strong position in the UK, US, and Europe and has a strong presence in Asia. The company wants to be among the top three performers in all business lines, so it is looking to expand its franchise in investment banking in these key regions. Specifically, Barclays plans to invest in fixed income, currencies, commodities, and Asia Pacific equities. It also wants to focus on origination and advisory banking.
Barclays’ premier investment banking franchise has a long history of dominance in leveraged finance and other sectors. Former Lehman banker Chris Sullivan has continued to run the Lehman business at Barclays. The firm’s market share in these areas is higher than most rivals.
Barclays’ funding profile is sound, with a balanced and diversified funding mix. The bank’s strong UK retail franchise and strong access to the financial markets help to offset risks and maintain profitability. The bank’s loan/deposit ratio was 64% at end-January 22. The high level reflects the high levels of deposit inflows during the recent financial crisis. However, as savings rates start to moderate, this ratio will likely return to normal.
The bank’s strategy has also shifted away from the physical commodities sector, which once was its largest growth area. Now it is focusing on products that drive strong returns. Those include credit and equities, short-dated G10 rates, spot FX, and swaps and derivatives. The bank will also focus on cost control, and will push for higher ROEs.
In India, Barclays has become a major player in the debt market. It has raised over USD two billion over the past two years for Indian corporates. This includes USD 250 million for NTPC in a 10-year bond issue and USD 150 million for UTI Bank just a few days ago. The firm also has a mobile app that offers live business news and market updates.
Overall, the performance of Barclays’ CIB is better than its peers. CIB revenues fell 11% in 1Q19 compared to 1Q18, but they are still better than BNP combined. The share price of Barclays is 0.4x P/TNAV and four times earnings. If the CIB can maintain profitability, it could add as much as 40% to its current price. The key is consistency in returns. Barclays’ management has every incentive to make the CIB succeed.
It has a mentorship program
The mentoring programme is designed to help underrepresented groups get ahead in the industry. It offers opportunities in career exploration and specialized soft skills training. It also provides students with networking opportunities with Barclays employees. The program is open to female and male students in the Class of 2021.
In this program, junior associates have the opportunity to gain insight from a senior banker and work alongside them. The senior associate is assigned a mentor who can provide advice on career development and management. The junior associate works with a senior associate in the investment banking division.
Barclays’ mentorship program includes a number of activities to help young adults improve their financial literacy and build skills to succeed in finance. It also provides one-on-one mentoring and hosts employment workshops. It helps students develop critical thinking and learn how to navigate financial markets. The program is designed for people who are interested in a career in finance, but who are not sure where to start.
The mentoring program helps aspiring finance professionals prepare for a career in investment banking. Barclays launched EastSide in 2002. Its goal is to empower at-risk youth. Typically, the program starts with second graders and continues through middle school. Mentors come from the banking company, local community organizations, and private individuals. Since its inception, over 850 ethnically diverse high-need students have been helped. Hundreds of Barclays colleagues have also served as mentors.
TIS is another mentorship program designed to help young women pursue careers in investment banking. This program allows students to participate in internships, training, and networking opportunities in the investment banking industry. It provides students with hands-on experience while preparing them for a junior-year internship. Members are selected during the spring semester of their sophomore year and will benefit from a host of professional development opportunities. Throughout the program, they will also be matched with a mentor who is in the same field as them.
Students who complete the program are provided with a $7,500 scholarship. In addition, they may be asked to return for a junior-year internship after completing the program.
It has a hybrid model
Barclays investment banking has a hybrid business model that combines traditional investment banking with private equity. This hybrid approach has its pros and cons. Barclays has suffered from over-issuance of tradeable securities in the US and the costs associated with litigation. However, the company’s overall performance is stable.
The company offers flexible working to all of its investment banking staff. This allows employees up to two days off per week. In addition, employees may be given flexibility beyond 40 percent of the workweek if the circumstance warrants. This flexibility is granted on a case-by-case basis.
Barclays has a hybrid business model and plans to maintain it. Most of its traders are office-based, but it plans to make that even more flexible. In addition, it plans to increase the number of younger bankers. While many large banks have abandoned the hybrid model, Barclays plans to continue its hybrid approach.
Barclays has a strong local reputation in Wilmington and donates millions of dollars annually to a number of causes. In the past year alone, the company gave away $2 million to nonprofits. Its Wilmington offices donate to Tech Impact, Delaware Technical Community College, and the YMCA of Delaware. Nealon is particularly proud of his company’s work in the workforce development sector.
Another feature of the hybrid model is that employees can work from any location in the firm. In addition, the firm has redesigned its core office space so that employees can interact with each other. It is also monitoring how IWG workspaces affect employee wellbeing. Overall, Barclays sees hybrid working as a benefit for the environment and for the bank’s future workforce.
In the past few years, the company has made some changes to its strategy. Investment banking within the European banks began to feel under pressure from increased regulation and financial pressures. Moreover, the company’s global expansion efforts outside of the US led Jefferies to change its relationship with investment banking. The new approach emphasizes leading with sector expertise and building client relationships.
Investment banking is a difficult industry to break into. The hours can be long and demanding. Banks can’t change that reality, but they can think about creating more favorable work-life balance.