Following an Assessment Day at Barclays, Martlesham Heath where students studying at One were offered the opportunity to compete for a work experience placement, I was offered the opportunity to shadow the Agribusiness Relationship Director and his Relationship Support Manager. We travelled to a farm just outside of Bury St Edmunds where the farm owner showed us around and explained how he responded to the 2008 recession by diversifying his business. The farm pre-recession was predominantly for pig farming and the farmer sold a weekly quota to Waitrose. He also undertook some contract work for different pig farmers and he had a large arable sector made up of crops such as wheat and barley. After the recession the farm took several steps to diversify. One way was to build huge warehouses and then rent them out to businesses; one example being a chair manufacturer. He also rented small amounts of land out to the national grid so they can train new employees. However, his major diversification came through the building of an anaerobic digester. The generated electricity from this is currently being used by the farm’s warehouses and put back into the national grid. The farmer also gave me a compete tour around his farm which was very helpful especially as I am looking to take agriculture at university.
The Barclays Director explained the technical documents he uses to make decisions on how much and when to loan different businesses money. Overall I had a very enjoyable day and everyone I met was extremely helpful and answered all my questions giving me a real insight into banking and Agribusiness. I would highly recommend a Barclays work placement day to anyone interested in banking or the economy.
Details on how to attend the Barclays Assessment Day on 1st July 2015 coming soon!!!