Careers

The Bank of England is not only a uniquely influential organisation – it is also a uniquely rewarding place to develop a career. We have opportunities in almost every area of our work for people at different stages in their careers, from experienced professionals and researchers to graduates, interns and school leavers.

Why work for us?

As a place of work, the Bank feels different from most other organisations. The atmosphere is relaxed but professional, research-driven and also very much connected to real events in the economy. While organisations in the private sector are focused primarily on profits, the ultimate objectives for us are always the quality of our thinking and the rigour of our analysis.

This makes for an unusually satisfying place to develop your career. Whichever area of the Bank you join, you will almost certainly be working on high-profile and high-impact projects. The issues we deal with on a daily basis are often in the news headlines, and have implications for everyone in the country. For many of our people, this sense of contributing to the public good is one of the most rewarding aspects of working here.

The environment we offer is extraordinary too. Our historic building is located in the heart of the City, and combines rich tradition with up-to-date technology and facilities. Just as importantly, we have a strong culture of support that exists within each of our teams and across the organisation as a whole.

PDFWorking at the Bank

Experienced professionals

If you are an experienced professional looking for jobs at the Bank of England, visit our careers website to search and apply for jobs.

The minimum academic requirements for experienced professionals will depend on the particular job you apply for. In some cases, the relevant work experience you have will be more important than your academic qualifications.

  • How much will I earn?

Your salary will depend on the position, your qualifications and your experience. Your salary is reviewed annually and linked to performance.

  • Where will I work?

Most of our staff are based at Threadneedle Street or 20 Moorgate in London. However, we also have a small number of regional agencies around the UK, and cash centres in Essex and Leeds.

  • How does the recruitment process for experienced professionals work?

Whichever role you apply for, you will need to attend an interview. This will normally be with two members of staff, and it will cover your CV or application form and the competencies required for the role. You may have to return for a second interview with a senior manager. If you have applied for a senior or specialist role, there may also be a third interview.

You may also meet with a member of our human resources team, who may cover some more competency-based questions. We also use this interview to make sure you fully understand our salary and benefits offer and to provide you with further information on working at the Bank. We try to hold this interview at the same time as you return for a second interview, to reduce the number of times you need to come in to the Bank.

  • Seminars and presentations

For some roles, particularly if you are applying as an experienced economist, you may have to give a seminar or presentation on a paper you have worked on or a topical economic policy issue. In other areas, such as project management, you may have to present a case study. We will give you the requirements for any presentation ahead of time.

  • Tests

You may have to sit a test or a short series of tests before we can consider you for interview. This is almost always the case for analytical, clerical or administrative roles. We will provide you with information ahead of time if you will be required to sit a test.

  • Our contact with you

We will email you after the closing date to let you know if you have got through to the next stage of the selection process.

After you have had an interview, we aim to get back to you within a few weeks.

  • Pre-employment checks

If we offer you a job, the offer will depend on:

  • satisfactory references
  • security clearance
  • identity checks
  • criminal record checks
  • credit checks
  • proof of qualifications
  • immigration clearance (where relevant).

You will also need to complete a medical questionnaire.

Information for non-EU applicants

As a registered sponsor, we can issue certificates of sponsorship to work in the UK. However, we receive large numbers of applications from within the European Economic Area (EEA), and we need to consider these first. If there are no suitable candidates from the EEA, we will look at applications from people outside the area.

We can consider applications from non-EEA citizens with a student visa for our intern and graduate-entry roles.

Early careers

We have several programmes for people who are starting out in their careers. You can find out more and apply for these positions on our early careers website.

  • School leavers

If you’re due to finish school, university is far from your only option. Our Future Capability Programme helps talented young people to get started in their careers.

  • African-Caribbean Scholarship

This scholarship offers financial support to students from black or mixed African or Caribbean backgrounds who are starting undergraduate degree courses at UK universities. Successful applicant will receive a bursary of up to £30,000 over the course of their degree, as well as two paid summer internships with us and other skills training and support.

  • Student internships

We offer paid internships for first and penultimate-year undergraduates, postgraduates, PhD students and A-level students.

  • Industrial placements

Our industrial placements are the perfect way for undergraduate students studying a four-year course to spend their year in industry.

  • Graduate programme

Our two-year graduate programme is open to applicants from all disciplines. You’ll be part of one of five streams: operations, economist, risk, statistics, supervision or technology.

  • Actuarial development programme

We’re looking for recent graduates in any discipline to become actuaries, helping insurance firms to prepare for every eventuality. We’ll support your professional studies, helping you to qualify as a Fellow of the Institute and Faculty of Actuaries.

  • PhD and experienced researchers

We have opportunities for:

  • new PhD researchers
  • researchers who are currently studying for a PhD
  • experienced research economists with at least three years’ post-PhD experience.

Careers as a supervisor at the Prudential Regulation Authority

The Prudential Regulation Authority (PRA) was created in response to the financial crisis. Our role is to protect the stability and integrity of the UK’s banking and insurance industries. Our work is high profile, hugely varied, and intellectually stimulating. It’s also never been more important. Join us, and you’ll become a key part of it.

Find out more about careers at the Prudential Regulation Authority (PRA).

Legal professionals

The Legal Directorate provides high calibre legal advice and support to policy, supervisory and operational areas across the whole of the Bank of England, including the Prudential Regulation Authority (the PRA).

Find out more about legal careers at the Bank of England.

Contact us

If you have any questions about our application process, email askhr@bankofengland.co.uk.

This page was last updated 09 November 2017
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