Our programmes

If you’re at an early stage in your career there are many ways to become part of the Bank. We offer everything from internships to PhD programmes, across almost every area of our work. They’re all designed to give people the best start to their careers with us.

Programmes

  • If you are due to finish school, university is far from your only option. Our Level 4 Apprenticeship Programme could be the ideal solution for you if you are:

    • Keen to start your career and earn a salary
    • Concerned about university fees
    • Looking to develop your business and technical skills in the heart of the City
    • Eager to gain a unique insight into the workings of the UK’s Central Bank

    We have designed this 18-month programme to help talented individuals get started in their careers, and it could see you grow in a number of key roles.

    About the Programme

    Salary: £21,000

    Upon joining the programme you will be part of a close-knit peer group who will receive:

    • A formal induction to the Bank, which will give you the opportunity to find out about the unique work of the different areas of the Bank
    • Technical training which will equip you with the skills for your role
    • Business skills training which will underpin the skills needed for your role and support you in developing your career further.

    If you are interested in the Bank’s Level 4 Apprenticeship Programme, the next step is to choose one of the following opportunities:

    Level 4: Professional Accounting/Taxation Technician (BPP)
    As a Professional Accounting/Taxation Technician, you will have a flair for financial reporting with accuracy and efficiency. You will learn how to apply your role within a business framework, understanding the systems and processes used, as well as standard accounting and tax practised employed. As a qualified Professional Accounting/Taxation Technician, your contribution to your team and organisation will be valued by your accuracy, efficiency and professional approach. 

    If you are successful in securing a place on his programme, you could be allocated to one of the following areas: Finance or Resolution.

    Level 4: Software Developer (Just IT)
    If Software Development is the industry you would like to break into then this apprenticeship will fast-track your way there. You’ll build in-demand tech skills and master coding languages, alongside getting stuck in to exciting projects, you’ll spend 80% of your time getting hands on development experience with the Bank, and 20% mastering new skills in your training sessions with Just IT.

    The Level 4 pathway has a typical duration of 20 months, during which time you will learn:

    • BCS Systems Development Essentials (Knowledge Module 1).
    • Cloud certified developer apache, Hadoop, C++, PHP, Drupal, Oracle SQL Developer, Oracle Java Certified, MCP.net, MTA/MCP programme in HTML5 with JavaScript and CSS3, C# (Knowledge Module 2).

    The Level 4 Software Developer pathways is recognised for entry onto the BCS Register of IT Technicians.

    If you are successful in securing a place on his programme, you will be allocated to Technology. 

    Level 4: Associate Project Manager (Just IT)
    Every project regardless of size needs to be skilfully managed to ensure its success. Associate Project Managers knows what needs to be achieved, how it will be completed and how much it will cost to ensure projects are delivered on time and on budget. To become a successful project manager, individuals need to possess excellent planning and risk management skills, alongside being able to communicate effectively to individuals.

    Just IT’s level 4 Associate Project Management qualification certified by The Association for Project Management, focuses on teaching the latest approaches and techniques. This will enable you to make practical improvements in how you approach your work, and set you up for future learning and career development.

    If you are successful in securing a place on his programme, you will be allocated to Technology. 

    Who are we looking for?

    We want people who are eager to learn and serious about building a career at the heart of the UK economy. You will also need to know what we do, share our purpose, and be genuinely motivated to join the Bank of England.

    In terms of grades, we will be looking for a minimum of five GCSEs at C (4) and above, including English and Math’s, and at least 72 UCAS points (either passed or predicted) from up to three A Levels or equivalent using the 2017 UCAS Tariff System.

    We are committed to nurturing a diverse and inclusive workforce, so we welcome applications from candidates with all backgrounds.

    Application advice

    We know that application processes can be a little daunting at first, and we want to make sure you are ready to perform to your best. Therefore, we have put together some useful hints and tips about how to do well from the initial application form all the way through to our assessment centres. You’ll find it all on our advice page. 

    We believe our programmes are focused on students at different points in their academic life and so are not expecting applicants to apply for more than one programme. To that end, your first application will be accepted and any duplicates will be rejected.

    If you have a situation that you believe you would like to be considered for more than one programme in any given year, please email the Bank of England Team at Penna for further discussion about your circumstances.

    2020 Apprenticeship applications are now closed.

  • If you are due to finish school, university is far from your only option. Our Degree Apprenticeships could be the ideal solution for you if you are:

    • Keen to start your career and earn a salary 
    • Concerned about university fees
    • Going to benefit from a fully funded degree
    • Looking to develop your business and technical skills in the heart of the City
    • Eager to gain a unique insight into the workings of the UK’s Central Bank

    We designed this 39 month programme to help talented people get started in their careers, whilst having the opportunity to study towards a fully funded degree at the same time.

    About the Programme

    Salary: £23,000

    You will start the programme with a formal introduction to the various areas of the Bank and training sessions on essential skills. You’ll have a full induction to the Bank on joining, and will get the opportunity to find out more about the vast and varied array of work we undertake here every day.

    Alongside this, you will be enrolled on a part-time undergraduate degree apprenticeship with a reputable university. The degree will provide you with the theoretical knowledge that will complement the skills and invaluable on-the-job learning that you will gain whilst working here.

    Studying towards a degree whilst working can sound challenging. As part of the programme, you will be given dedicated study leave and the support of your local Line Manager to ensure you have sufficient time and support to balance your studies with your work. The Bank also has a dedicated Future Capability Development Team who is there specifically to support you throughout your programme.

    If you are interested in the Bank’s Degree Apprenticeships, the next step is to choose between the following opportunities:

    Digital and Technology Solutions
    We are responsible for technology that tracks all bank notes in circulation, records gold in the vaults, manages the Real Time Gross Settlement system that settles some £575 billion sterling payments and securities every day, and defends us from cyber-attacks. We can put you right at the cutting edge of these developments - as you’d expect, working here would give you exposure to experts in the field and provide a wide range of opportunities from development of systems that underpin our economy, to working on high profile projects. We have partnered with the University of Exeter, who will provide you with quality tuition as you study towards your undergraduate degree.

    If you are successful in securing a place on this programme, you will be allocated to Technology. 

    Data Science
    York St John University Data Science Degree Apprenticeship aims to develop multi-skilled data scientists that can engage with audiences and demonstrate insights that make the organisation they work for more agile, innovative and effective. Modules will include: statistics and data analysis, computer science, mathematical foundations, modelling and systems, artificial intelligence, communication and visualisation, applications and business context. Study is over a three year period (plus an end-point assessment) leading to a BSc in Data Science. This is delivered through a blend of block teaching weeks and online learning.  Learners will be supported with an academic tutor, work-place mentor and a client relationship manager to ensure that both the employer and the apprentice are kept well informed and supported. If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Financial Market Infrastructure (FMI), UK Deposit Takers Division (UKDT) and Data and Statistics Division (DSD).

    Economics
    The University of Kent’s School of Economics deliver the Economics degree and the Apprenticeship. The Degree Apprenticeship is geared to the needs of those working as economists in the private and public sectors. The curriculum covers all of the core material included in a UK Economics BSc degree. However, the distinctive nature of the programme is the applied, data based practical approach to the teaching and learning of analytical economics, and the development of the important skills of planning, team working, adaptability and leadership. 

    The programme is based on interactive e-learning, on and off-site academic learning and support, and annual residential weeks at the University of Kent Canterbury campus. If you are successful in securing a place on this programme, you could be allocated to one of the following areas: International Banks Supervision Division (IBD), Prudential Policy Division (PPD) and UK Deposit Takers Division (UKDT).

    Who are we looking for?

    We want people who are eager to learn and serious about building a career at the heart of the UK economy. You will also need to know what we do, share our purpose, and be genuinely motivated to join the Bank of England. 

    To apply for the Digital, Technologies and Solutions Degree you will need a minimum of five GCSEs at C and above, including English and Maths, and at least 136 UCAS points (either passed or predicted) from up to three A Levels or equivalent using the 2017 UCAS Tariff System.

    To apply for the Data Science Degree you will need a minimum of five GCSEs at C and above, including English and Maths, and at least 104 UCAS points (either passed or predicted) from up to three A Levels ( with A Level Maths at grade B or above) or equivalent using the 2017 UCAS Tariff System.

    To apply for the Economics Degree, you will need a minimum of five GCSEs at C and above (including English) with GCSE Maths at grade B or above, and at least 120 UCAS points (either passed or predicted) from up to three A Levels or equivalent using the 2017 UCAS Tariff System.

    Min of 5 GCSEs at 5 or better with a minimum of 6 in GCSE Maths and 4 in English Language, CCC from 3 A Levels if including Maths, BCC otherwise.

    We are committed to nurturing a diverse and inclusive workforce, so we welcome applications from candidates with all backgrounds.

    Application advice

    We know that application processes can be a little daunting at first, and we want to make sure you are ready to perform to your best. Therefore, we have put together some useful hints and tips about how to do well from the initial application form all the way through to our assessment centres. You’ll find it all on our advice page.

    We believe our programmes are focused on students at different points in their academic life and so are not expecting applicants to apply for more than one programme. To that end, your first application will be accepted and any duplicates will be rejected.

    If you have a situation that you believe you would like to be considered for more than one programme in any given year, please email the Bank of England Team at Penna for further discussion about your circumstances.

    2020 Apprenticeship applications are now closed.

  • Deadline: Applications for the 2020 Internships have now closed.

    For 2020 Internships we have launched a new Scholarship programme to support your next year at university. If you are applying for any of the below Internships at the Bank, please see the ‘African-Caribbean Scholarship’ section below.

    Are you keen to learn about what we do and get some practical experience? We offer paid internships to university students in first and penultimate year and to those about to start their postgraduate study.

    You’ll be joining a supportive and inclusive work environment with lots of opportunities to develop your skills. Why not apply? 

    First year internship

    Length: Six weeks over the summer
    Salary: £82.69 per day
    Deadline: Applications for the 2020 Internships have now closed.

    Entry requirements

    You need to be a first year undergraduate student from any degree background

    What will you learn?

    You will support a team on a specific project across one of our business areas, from technology or HR to monetary policy and banking supervision. We will give you a comprehensive induction to the Bank and organise talks and networking events.

    If your performance is outstanding, you will be considered for a penultimate year internship or Industrial Placement.

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Financial Stability Strategy & Risk, Insurance, International Banks Supervision, or Markets.

    Penultimate year internship

    Length: Eight weeks over the summer
    Salary: £83.65 per day
    Deadline: Applications for the 2020 Internships have now closed.

    Entry requirements

    You need to be a first-degree student in your penultimate year from any degree background

    What will you learn?

    You’ll work within one of our teams, supporting analysts, economists or supervisors, often working on a specific project. We will give you a comprehensive induction to the Bank and organise talks and networking events.

    If your performance is outstanding, we’ll consider you for a place on our Graduate Programme or Postgraduate Internship.

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Banking Payments & Innovation, Data & Statistics Division, Financial Market Infrastructure, Financial Stability Strategy & Risk, Insurance, Markets, Resolution or UK Deposit Takers Supervision.

    Postgraduate internship

    Length: Eight weeks over the summer
    Salary: £88.46 per day
    Deadline: Applications for the 2020 Internships have now closed.

    Entry requirements

    You’ve completed your undergraduate degree and are about to start your Master’s in Economics or Finance.

    What will you learn?

    You’ll focus on a project, working closely with economists or analysts to collect and analyse data. We will give you a comprehensive induction to the Bank and organise talks and networking events.

    If your performance is outstanding, we’ll consider you for a place on our Graduate programme.

    Please note, when you apply we’ll ask if you have any specific areas of interest. For more information about the areas which we recruit in, take a look at what we do

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Data & Statistics Division, Financial Stability Strategy & Risk, International, Markets or Monetary Analysis.

  • Length: 13 months, starting in July 2020
    Salary: £22,000
    Deadline: Applications for the 2020 Industrial Placement Programme have now closed.

    Assessment Centres for this programme will run between the 20th and 29th November 2019.

    Entry requirements:

    • You need to study an undergraduate degree that allows you to do a placement year, in any subject
    • You’ll need a minimum of 120 UCAS points from three A-Levels or equivalent (excluding General Studies) using the 2017 UCAS Tariff System. This is equivalent to 300 UCAS points using the pre-2017 UCAS Tariff System
    • This scheme is not for people who already have a degree

    What will you learn?

    You’ll work in a team, getting involved in our policy, research and operational work. You’ll also attend regular training and events with your fellow Industrial Placement colleagues.

    If your performance is outstanding, we’ll consider offering you a place on our Graduate Programme or Postgraduate Internship at the end of your placement. 

    Where could you work?

    You can apply for three different roles:

    Research assistant

    You’ll be working with economists on a wide range of issues. As a part of your role, you’ll experience briefings and create charts for the Monetary and Financial Policy Committees. You’ll also manipulate economic and financial data for research projects. 

    If you apply for this position, you’ll have to complete an online Excel test as well as going through the normal recruitment process. It is expected that applicants for this role are studying an Economics, Finance or a numerical degree.

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Centre for Central Banking Studies, Data & Statistics Division, Financial Stability Strategy & Risk, International Banks Supervision, Independent Evaluation Office, International, Markets, Monetary Analysis, Prudential Policy Directorate, Regulatory Operations, Supervisory Risk Specialists.

    Business assistant

    You can get involved with many different challenges such assisting with projects, producing communications, and supporting senior team members. 

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Authorisations, Markets or Regulatory Operations.

    IT associate

    You’ll get hands-on experience working with technical experts and get involved in projects. You’ll work in the Technology division, and could be involved with providing technology support to colleagues across the organisation, understanding their needs and suggesting technological solutions, or developing and presenting reports on change projects.

    If you are successful in securing a place on this programme, you could be allocated to System Development and Engineering.

    Are you who we are looking for?

    You will need to study a degree that allows you to take a placement year to start in July 2020. We expect you to have a minimum of 120 UCAS points from three A-Levels or equivalent (excluding General Studies) using the 2017 UCAS Tariff System. This is equivalent to 300 UCAS points using the pre 2017 UCAS Tariff System. 

    The Industrial Placement Scheme is not for candidates who already have a degree. They should instead apply to our Graduate Development Programme.

  • Length: Two years and three months, starting in September 2020
    Salary: £30,000
    Deadline: Applications for the 2020 Graduate Development Programme have now closed.

    Entry requirements:

    • You’ll need to be expecting or have achieved a 2:1
    • You’ll need at least 120 UCAS points from three A-levels or equivalent (excluding General Studies) using the 2017 UCAS Tariff System
    • This programme is designed for those with less than two years relevant work experience
    • You don’t need an Economics degree. The programme is open to applicants from all disciplines

    What will you learn?

    In your day to day, you’ll gather and analyse information and take part in meetings with colleagues and external stakeholders. It will help you to get the experience and develop the skills you need to become an expert analyst. 

    We offer a supportive and inclusive work environment. We will give you a comprehensive induction to the Bank and organise talks and networking events. And with all of the other people on the graduate scheme, it will be fun and sociable too. 

    Where will you work?

    You have to apply for one of the following areas:

    Operations

    This is our generalist scheme, which is open to graduates from any degree discipline.

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Banking Payments & Innovation, Financial Stability Strategy & Risk, Internal Audit, Markets, Prudential Policy Directorate or Supervisory Risk Specialists.

    Economist

    If you’re doing an undergraduate degree in economics or finance, this is for you.

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Financial Stability Strategy & Risk or Prudential Policy Directorate.

    Risk

    We will help you develop technical expertise in areas such as stress-testing, the Help to Buy scheme or wider market risks. These roles are within our Supervisory Risk Specialists Directorate.

    Data

    If you study a quantitative degree such as maths or engineering, this is for you. You’ll collect, compile and analyse data for publication.

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Data & Statistics Division or Finance.

    Technology 

    Interested in technology? You don’t need a degree in Computer Science to work with us. 

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas within Technology: Project Management, System Development and Engineering, or Service Management.

    Supervision

    You can have any degree to become a supervisor. Your role would involve supervising financial institutions such as insurance companies, banks and building societies.  

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Authorisations, Financial Market Infrastructure, International Banks Supervision, Insurance, Resolution or UK Deposit Takers Supervision.

    Postgraduate 

    If you’re doing a Master’s degree in Economics or Finance, this is for you.

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Financial Stability Strategy & Risk, International, Markets, Monetary Analysis or Prudential Policy Directorate.

    Are you who we’re looking for? 

    If you’re motivated to work for us, we would love to work with you. We’re looking for people who enjoy working with people and share our values of diverse ideas and open debate. You need to be a quick learner who’s able to work with tools and data sources. You also have to be comfortable with setting your own targets, meeting tight deadlines and working under your own initiative. 

    We employ people from all backgrounds to join our diverse and inclusive staff. 

    Want to know more? Read our graduate learning journey brochure.

    For any further queries on the application process, please contact the Bank of England Team at Penna.

  • Length: Two years, starting in September 2020.
    Salary: £30,000

    Entry requirements:

    • 2:1 in a numerical subject, at least 120 UCAS points using the 2017 UCAS Tariff System (this is equivalent to 300 UCAS points using the pre 2017 UCAS Tariff System)
    • A-Level (or equivalent) in Maths at grade B or above

    What you’ll learn

    This programme will equip you with both the business and technical skills you’ll need as you start your career. You’ll be given the opportunity to work with the firms we regulate to make them safer and sounder. As part of your role, you’ll learn to assess risks, prepare reports and hold firms accountable. You’ll also qualify as a Fellow of the Institute and Faculty of Actuaries. We’ll support you through your professional studies with study leave, funding for study materials and a salary increase each time you pass an exam.

    Where you’ll work

    If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Insurance or Prudential Policy Directorate.

    Are you who we’re looking for?

    We’re looking for someone who is about to graduate or has graduated in the last two years. You’ll need analytical skills and plenty of initiative, as well commitment to the role.

    Apply now

    Applications for the 2020 Actuarial Development Programme have now closed.

    If you have any questions about the application process, please get in touch with us.

  • Length: Three years
    Salary: There is a fixed salary package of £57,000 for the three year duration of the programme, plus competitive benefits and pension. At the end of the three-year programme, you will continue your career here in either a research or policy role, depending on your personal preferences and interests. Read the full job description here.

    Entry requirements:

    • New or recent PhD graduates
    • Must hold (or expect to complete by end-2020) a PhD in Economics, Finance or any other subject relevant to central bank policymaking

    Where you’ll work

    Within one of our Policy areas, including time in the Research Hub.

    What you’ll learn

    This programme offers you an opportunity to develop your research skills. You’ll spend at least 50% of your time doing research and also get involved in policy work in your area. You’ll write top-quality journals and collaborate with external and visiting academics. 

    Are you who we’re looking for?

    We’re looking for a highly trained and innovative researcher who can produce, publish, and communicate their work effectively. This programme isn’t just for people with a PhD in Economics or Finance. So if your field is relevant to central bank policymaking and you have the technical skills needed for our research projects, why not apply today?

    Apply now

    Deadline: Applications for the 2020 PhD Research Programme have now closed.

  • Entry requirements:

    • Three years of post-PhD work experience in academic or policymaking institutions

    What you’ll learn

    This role offers you the opportunity to address the questions facing central banks today. This is a unique experience as we are one of only a handful of institutions internationally who are responsible for delivering monetary, macroprudential, and microprudential policy.

    Read the full job description here.

    Are you who we’re looking for?

    Are you an experienced researcher? We’re looking for someone with more than three years of post-PhD work experience in academic or policymaking institutions who will contribute to and lead our research work.

    Apply now

    Deadline: Applications for the 2020 Experienced Researcher Programme have now closed.

  • Length: Typically 12 weeks
    Salary: We will offer you a daily rate of £100 per day and pro rata holiday entitlement, based on 25 days per annum. If you don’t live in London then you’ll also receive an accommodation allowance of £100 per week during your stay. If you’re from overseas, you will be reimbursed for an economy class return flight to London. 

    Entry requirements:

    • Currently studying for your PhD.
    • Expecting to submit your thesis in the next two years.
    • If your studies focus on one of the following areas it’s helpful but all disciplines are considered:
      • Monetary economics
      • Macroprudential framework, policy instruments within and beyond the banking sector and their transmission mechanism
      • Open-economy macroeconomics and international finance
      • Financial economics, including banking theory and regulation, risk modelling and management, stress testing, macro-finance and asset pricing
      • Supervisory indicators, decision-making and communication, and the interaction with firms and their culture and behaviour
      • Applied econometrics and big data analysis, including text-based analysis, use of large micro datasets, and regulatory data
      • Technological and structural change in money, banking and financial markets

    Where you’ll work

    You’ll work closely with economists on a research project in one of the following areas: monetary analysis, financial stability, international economics, prudential policy, supervision, risk management, and financial markets.

    What you’ll learn

    Our research explores the fundamental issues facing central banks today. This programme gives you the opportunity to experience economic analysis, policy and research at the highest level. You’ll be placed in one of our business areas and contribute to current research projects.  We’re flexible about when you do the internship but most people choose to come here over the summer.

    Read the full job description here.

    Are you who we’re looking for?

    We’re looking for someone who is expecting to submit their PhD thesis in the next two years. You’ll need to be enthusiastic about contributing to our research, as part of your role will include shaping the Bank’s policies.

    Apply now

    Applications for the 2020 PhD Internship Programme closed at 12pm on Tuesday 4th February 2020.

  • Deadline: Applications for the 2020 Internships have now closed.

    Length: One academic year

    Eligibility Criteria:

    • A student from a Black, Mixed African or Caribbean background who has applied to the one of the Bank’s Early Careers Internship opportunities.
    • Applicants must have a household income of less than £50,000 per year.

    What you’ll receive

    You could receive at least £5000 for one year of study, as a contribution towards your living expenses and other costs of study.

    Are you who we’re looking for?

    We’re looking for a student from a Black, Mixed African or Caribbean background that will join us on an Early Careers Internship in 2020. If you have applied for the our First Year, Penultimate Year or Postgraduate Internship, you can also be considered for our African-Caribbean Scholarship. If you successfully receive a job offer for the internship, you will also to have the opportunity to receive a minimum of £5,000 to contribute towards your 2020/2021 academic year of study. Intern applicants will receive further information on how to be considered for this funding opportunity, so it is important to ensure you have applied for one of the Internships ahead of the application deadline on Monday 16 December.

Our people

Meet our PhDs

Arthur Turrell

Arthur Turrell

  • University

    University of Durham, University of Cambridge, Imperial College London

    Degree Studied

    BSc in Maths and Physics, Masters in Mathematics, PhD in Physics

    Programme

    PhD programme

    Business Area

    Advanced Analytics

    The many opportunities to do research on substantive problems attracted me to the Bank. Even more importantly, there are policymakers down the hallway who are eager to hear about good quality research and implement policies based upon it – your research can have a huge impact here. Additionally, junior researchers at the Bank can afford to be novel and innovative in their work in a way that isn’t always possible at a university.

    I've found it is a much more team-oriented environment than a faculty at a university; there’s a sense that everyone is pulling together to make policy as good as it can be. What surprises me is policymakers' appetite for publicating quality research, and their willingness to act upon it.

Neeltje Van Horen

Neeltje Van Horen

  • University

    University of Amsterdam

    Degree Studied

    PhD in Economics

    Programme

    PhD programme

    Business Area

    Research Hub

    I've been a researcher at policy institutions throughout my career as I like to get inspired by current policy debates. I took a position as research advisor in the newly created Research Hub in 2016 as I was attracted to the renewed focus on research at the Bank of England. My job involves doing research and contribute to building a strong research environment in the Bank. I like that the Bank provides career tracks specifically designed for researchers. 

    The Bank has a very dynamic research community and provides an inspiring environment for researchers interested in research relevant to the Bank’s core operations. Being located in London is an added bonus as it allows for ample interaction with researchers in academia. Staff is very collaborative and friendly and there is a lot of diversity. There is ample scope for debate and for thinking outside the box.

Meet the Interns

Marie Axt

Marie Axt

  • University

    Durham University

    Degree Studied

    Philosophy, Politics & Economics

    Programme

    Penultimate Year Internship

    Business Area

    Banking, Payment and Financial Resilience - Payment and Settlement Analysis

    My reasons for applying to the Bank were similar to those that lead to my decision to study PPE. I am very interested in everything that shapes, defines and makes up our society and the Bank of England is an institution at the very heart of it. You get to do meaningful work with a real impact on people’s lives while experiencing working at a public, yet independent institution which means you get to enjoy benefits from both, the public and the private sector.

    The work atmosphere here is really great. Everyone in my team is happy to explain to me what’s going on and show me how things are done here. Most employees are very passionate and through their diverse backgrounds there is a sheer endless pool of perspectives to explore on highly relevant and current issues. This is also picked up by the Bank itself which really encourages you to continuously explore, learn and broaden your horizon.

    I was surprised how much trust I was afforded right from the beginning. I was given my own, quite substantial project to work on with a lot of freedom and discretion. For that I also get to research across the Bank’s databases which means reading through lots of interesting documents that contain information I usually couldn’t access. It truly feels like I am an employee here and am not excluded because of my intern status.

Callum Onyenaobiya

Callum Onyenaobiya

  • University

    University of Warwick

    Degree Studied

    Computer Science

    Programme

    First Year Internship

    Business Area

    Financial Markets Infrastructure Directorate

    I have a great interest in technology and problem solving. I have always had a great curiosity in how technology underpins the world of finance. The Bank of England provides me with a unique opportunity to not only work within the Bank, but learn where the skills I am developing at University fit in within the Bank and the financial world itself. The Bank has a clear drive in challenging and bringing out the best in their staff, a working environment I feel privileged to be a part of.

    Every member of staff is friendly and welcoming. Despite working in FMID, I now have a strong understanding of numerous areas within the Bank. Not only thanks to the staff members I had to pleasure of speaking with, but also the vast variety of seminars the Bank put on in order for all members of the Bank to share ideas and knowledge; resulting in an open and productive workplace. I have felt honoured to have the chance to talk with such self-motivated people who all strive towards the Bank’s common goal.

    As a first year Intern, I did not expect to be given as much freedom with my project as I was. Having a passion for technology, I was delighted to be given the opportunity to explore tools such as R and VBA. Implementing such tools in my project meant not only have I taken away a stronger understanding of how the Bank works, but also skills I did not expect to learn which will prove beneficial in progressing through my career. This was only possible due to the Bank’s passion for challenging and bringing out the best in people.

Meet the Industrial placements

Max Capel

Max Capel

  • University

    University of Bath

    Degree Studied

    Economics

    Programme

    Industrial Placement

    Business Area

    Monetary Analysis

    The main reason I chose the bank is because I believed that it would be the best place to apply the knowledge I had learned in my degree to work. Over the past year I’ve felt I’ve been able to apply my degree and have also been able to build on my previous knowledge in a working environment.

    The thing that I have enjoyed most about my time working at the Bank is the atmosphere. Everyone I work with is extremely friendly and always happy to take time to explain anything that I might not understand.

    The main thing that has surprised me about my time at the Bank is the variety of work that you can get involved in. Over the course of the year I’ve been involved in a variety of different projects and work streams. I have found this very interesting and it has allowed me to build skills and knowledge across a broad range of subjects.

Matthew Eaton

Matthew Eaton

  • University

    Cardiff University

    Degree Studied

    BSc Accounting and Finance

    Programme

    Industrial Placement

    Business Area

    Technology

    To be able to finish work each day knowing that the work you have done has helped enable the Bank’s mission to promote the good of the people of the United Kingdom through financial and monetary stability, is something that you could only do at the Bank of England.

    The Bank has a wealth of knowledge, experience and expertise across different fields, meaning you can develop your technical skills and further yourself by working alongside these experts, who are always open and happy to offer advice and guidance.

    Working at a historic and national institution, gives you the chance to make a positive contribution to society and gives you a great sense of actually making a difference to society. Being in Technology, which underpins all aspects of the Bank’s mission, means you can get involved in a variety of fascinating, fast paced workstreams, which are vital to the functioning of the Bank.

    I like that The Bank operates in a collaborative and open environment, with colleagues always willing to share experience and information, making you feel welcomed and valued from the very start.

    One of the things that surprised me the most was how open everyone is! Whether you just want to have a catch up with someone who may be able to help you with a project, or enquiring about the different networks that exist at the Bank, there is always a friendly face eager and willing to help you in whatever way they can. The Bank is full of people who truly care about you as a person and your career at the Bank.

Meet the Graduates

Zandy Adjirackor

Zandy Adjirackor

  • University

    The University of Manchester

    Degree Studied

    BSc Economics

    Programme

    Graduate Actuarial Programme

    Business Area

    Prudential Regulation Authority

    Having studied Economics at University, I was keen to see how the theory worked in practice. I chose to apply to the Bank because of the influence it has on the UK Economy as well as the individual perspective I myself could gain being so centrally involved in UK financial stability. I wanted something challenging, interesting, current and with purpose and felt that the Bank offered just that.

    The people that you meet at the Bank are from a range of backgrounds with a wealth of specialist knowledge and years of experience. The collaborative nature of work here is definitely a stand out feature and an element that allows for an enjoyable working environment. Many are willing to share their expertise whilst also encouraging input from colleagues all around. The culture here allows for easy interaction between individuals and for ideas to be easily shared. You’re encouraged to be inquisitive and for that reason, you are constantly learning! 

    The projects and areas of work that you get involved with are incredibly varied and therefore no two days are the exact same. With Specialism research pieces focused on the key risk areas faced by insurance, work is both challenging and thought provoking. Alongside the opportunities offered to liaise with industry executives in ongoing supervision, working here provides ample opportunity to develop both soft and hard skills. The level of responsibility that you’re given so early on within your career is another great aspect of working here.

Sabrina Brookfield

Sabrina Brookfield

  • University

    University of Aston

    Degree Studied

    IT Management for Business

    Programme

    Graduate Programme

    Business Area

    Information Security Division

    I choose the Bank for a number of reasons. Everyone I spoke to said how collaborative and friendly Bank staff were and how much the values really affected the culture. I really wanted to work in technology but not in the technology sector and I had already worked in finance services so it felt like the perfect fit. There was a strong emphasis placed on learning and development, not only within the graduate scheme with the Central Banking Qualification but also on the job, with plenty of opportunities for shadowing and cross-divisional working.

    I really enjoy the culture in the Bank, there is a real emphasis placed on wellbeing and taking an initiative not only in the work we do but also in the way that we work. A lot of the work I do has a unique sector overview and could not be done in the same way anyway else but requires collaboration with other organisations. I feel that the work I do has real world impact and its working towards the mission of the Bank. You cannot also help but enjoy working in a building like the Bank.

    I thought the culture of the Bank would be much more traditional and it would be harder to get across ideas. A lot of staff members work from home or hot desk and there are plenty of opportunities to express ideas for work and the Bank as a whole.  There is a register for opportunities across the Bank and you can shadow just about any team within the Bank. I did not expect to have much responsibility in my first year but I am a team lead on a project and produce reports going to senior management.

Meet the Apprentices

Janet Siwoku

  • University

    BPP Business School

    Degree studying 

    Chartered Management

    Programme 

    Degree Apprenticeship

    Business Area

    Technology

    I chose to do a Degree Apprenticeship because I wanted to enhance my technical knowledge of organisations and the wider macro and micro economy alongside my practical day-to-day experience. 

    It has definitely increased my technical knowledge and helped me to view the organisation in a holistic way. I’ve studying modules such as:

    • How organisations behave
    • The business world
    • Money matters
    • Managing business operations and technology at work 

    The study ties in closely with my day-to-day role and that’s highly advantageous. I knew it would improve my analytical skill set but it has also massively improved my time management and my ability to prioritise.

    As part of completing this Degree Apprenticeship, I’ve also been given membership to the Chartered Management Institute (CMI). This is an accredited professional institution for leadership and management.

    One of the main reasons I undertook this degree is because the Bank of England fully fund it. So I’m not indebted to any student loan. 

    I usually study for one day during my working week. Undertaking a Degree Apprenticeship alongside a full time job is a huge commitment and requires a lot of hard work. But I would definitely encourage it.

Ryan Lovelock

  • University

    University of Exeter (via distance learning)

    Degree Studying

    BSc Digital and Technology Solutions

    Programme

    Degree Apprenticeship

    Business Area

    Financial Stability, Strategy and Risk

    I picked an apprenticeship over going to university. Firstly because I wasn’t 100% sure what I was most passionate about when I left school. And secondly, because I knew I could gain valuable work experience at a great organization while gaining a high quality degree.

    I chose this course because I knew I would learn how to enhance my workplace productivity and increase my proficiency in a number of skills. So far, I have learnt and applied:

    • specialised programming techniques across various languages
    • the processes of IT project management
    • some techniques in web development. 

    I’ve always been interested in tech and the benefits  it can have on workplaces. I knew that by taking on this course, I would increase my skills massively and be able to apply them at the Bank of England. 

    The course was fully funded and I got lots of support. I also had the opportunity to visit the university for a residential trip, so I got some experience of student life.

    This degree has had a huge impact on me personally. It has motivated me to learn new skills that can aid the work that I do here.

This page was last updated 02 March 2020
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