A-Z Of Employers: Lloyds TSB
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.In recent years, Cheltenham & Gloucester and Scottish Widows have joined the fold. The group's activities fall into three divisions: UK retail banking, largely individual accounts at local or online branches; wholesale and international banking, and insurance and investments.
Vital statistics: Seventeen million customers are served by 80,000 staff, spread around 2,000 branches in 30 countries. The bulk work in the UK.
The office: Banks are everywhere, but head office is in central London and retail banking is centred in Bristol.
Is this you? Every year, around 80 graduates are taken on, either to a generic leadership programme or as finance specialists. A 2.1 in any subject is the minimum academic requirement, and among the less tangible qualities sought is an ability to communicate just as comfortably with a stroppy customer as with the bank's MD.
The recruitment process: After applying, via www.adarkhorse.com , you'll take an online numerical test, which might lead to a telephone interview, exploring your motivation for working in finance, and at Lloyds TSB. A one-day selection process awaits the survivors, with role-play, written exercises, a presentation and group discussion. Those hired on to the group leadership programme train for three years, while the specialist finance recruits, who qualify as chartered management accountants, take a year longer.
Both routes start with a week-long residential induction, after which individual training is steered by senior managers and focused on generic management skills, particularly what's called relationship management, a feature of many graduate training schemes. Unusually, Lloyds TSB says it wants to see political awareness, as well as commercial acumen, in recruits.
Top dollar? Starting salary is £25,000 plus £3,450 for those based in London. There's a signing-on bonus of £5,000 for the leadership programme and full financial support for training costs associated with the finance programme.
Beam me up Scotty? At the end of training, you'll secure a management role in one of the bank's divisions. But learning can continue. Many graduates are encouraged to go on to gain a diploma in management studies.
Who's the boss? Eric Daniels has been chief executive since 2003. He joined Lloyds TSB after working for nearly a quarter of a century with the American bank Citibank, having graduated with a management masters from MIT in Boston, Massachusetts.
Little known fact: The Trustee Savings Bank (TSB) organisation was started by a Scottish clergyman in 1810, to help his poorest parishioners save for times of hardship.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments