How to apply

For Graduates, Interns and Industrial Placements, the application process is the same.

The first stage

Application form

This is your first step, and it starts with a short registration section. This will make sure you’re eligible for the programme you’re applying for, and it could save you a lot of time.

On the application form you'll be able to tell us about your education and work experience.

For applications to the Graduate Development Programme, you will need to select a stream of the programme to apply for. Take a look here for more guidance on your options.

Please ensure you’ve read the application criteria under Our Programmes before applying. You’ll be assessed based on your year of study and, if you join as an intern or Industrial Placement student, you might even get to convert to the Graduate Programme or further internships.

A note for international applicants: to convert your international qualifications into UCAS points for our application form, please use this online tool. When submitting your application please summarise your qualifications in the free form text box at the end of the application form.

Online tests

Blended tests

You will be required to complete a blended online test, which measures a number of competencies across three sections. The test will involve a Situational Judgement element, a Personality Assessment and Ability Assessment. 

For a thorough guide to these tests, as well as advice, please view our guidance document.

Candidates who apply to the Industrial Placement Programme Research Assistant role will also be required to complete an online Excel test.

Elements tests

If you are applying to the apprenticeships you will be required to completed the Elements numerical, verbal and logical tests.

Video interview

Next you will be asked to answer five questions using our video interview portal. We will be looking at your compatibility with our values, knowledge of what we do and the climate in which we are operating, as well as your reasons for applying to our programme. In preparation think about what your key skills and strengths are, examples of when you might have demonstrated these, and how they might be relevant to the role you are applying for.

We won’t be behind the camera in real-time, so your response to each question will be recorded and reviewed by us later. After each question is asked you will have a short period of time to think about your response before the recording begins. All of the questions have a set time limit and you must try to ensure that your answer is complete before the time elapses, as the recording will end even if you have not concluded your response. Therefore, try to make your answers well-structured and succinct, as you will not be able to re-record them a second time.

The second stage

After each stage, we'll let you know the outcome of your application. This will usually be two weeks after the application deadline for the programme you applied for.

If you’re successful, you’ll move onto the second and final stage – an assessment centre at our London office. We run a number of these for our different programmes.

Assessment Centres

Industrial Placements

These assessment centres run between November and December. You’ll take part in an interview with two assessors, and group exercises.

Graduate Development Programme

The assessment centres for our graduates take place between January and February. They are skills focused, and consist of an interview and group exercises.

Internship Programmes

The assessment centres for our Internship Programmes vary depending on your year of study – but all will take place between January and February. They all include an interview and group exercises, in line with graduate assessment centres. This is so that we can offer high performers the chance to convert to the Graduate Programme or further Internships.

Future Capability Programme

The assessment centres for our Future Capability programme take place in April. You’ll take part in an interview with two assessors, and group exercises. 

Important - multiple applications

Unfortunately, we are not looking for more than one application per student. Our programmes are focused on students at different points in their academic life, so to that end, your first application will be accepted and any duplicates will be rejected.

If you feel you have special circumstances, or if you have any further queries regarding the application process, please contact the Bank of England Team at Penna.

Information for non-EU/EEA applicants

As a registered sponsor, we're able to issue certificates of sponsorship to work in the UK, in specific circumstances, under Tier 2.  

For the permanent roles offered for first degree and Masters graduates, non-EEA nationals are required to be currently studying at a UK university and hold a valid Tier 4 student visa.

The same applies to our 13-month industrial placements and non-PhD short-term internships. 

However, for our PhD Internship scheme, we are able to provide sponsorship under the Tier 5, temporary worker scheme.

Please see UK Visas & Immigration for further details.

This page was last updated 11 August 2020
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