Data Science Competition 2018

We are offering two paid internships for aspiring data scientists. Find out how you could spend your summer using data to help to identify key issues in the UK economy.

Overview

Data is at the core of the Bank of England’s decision-making.

Our mission is to promote the good of the people of the UK, by maintaining monetary and financial stability. 

To fulfil our mission, we must use our data effectively to help us identify what is happening in the economy. In the era of Big Data, we also have the opportunity to use a wide array of external data sets to enhance our understanding.

Enter our data science competition for a chance to win a summer internship at the Bank of England. We are looking for new data science talent to help us meet our mission. This summer you could become part of that talent pool by entering our data science competition and showing off your data science skills. 

Using data sets compiled by the Bank’s Data & Statistics teams, our research datasets, or any other data available on our website, tell us something that can help us meet our mission.

Tip: Some of our current areas of interest include but are not limited to:

  • The openness and fragmentation of the international economy and its consequences
  • The slower economic growth and low interest rate environment
  • The Bank's balance sheet and its relationship with the wider economic and financial system

What you need to do

Submit a PDF document with a maximum length of five A4 pages (including charts and appendices) outlining what you found and how this contributes to our mission.  Please do not include your name or full programming code as part of the submission. Submissions must be in English.

We’ll also assess each entry on its creativity and be looking for the following data science skills to be demonstrated:

  • Explanation of why the data was chosen and how it was cleansed and manipulated
  • Explanation of the methods used to analyse the data. We are particularly interested in machine learning, text mining and other novel data analytical methods
  • Effective data visualisation
  • Explanation of your findings and possible policy implications for the Bank of England

Submission

Please submit your entry along with a PDF version of your CV to DataScienceCompetition@bankofengland.co.uk by 11:59pm GMT on 23 March 2018.

The prize

The top two entrants will win a 6-8 week paid summer internship at the Bank of England’s Threadneedle Street office in London. You’ll work in either our Advanced Analytics or Data and Statistics Division.

Please refer to the full terms and conditions for more information.

Entry criteria

Entry is on an individual basis (one person per entry).

You must have the right to work in the UK without employer visa sponsorship.

As an equal opportunities employer, we welcome submissions from all suitably qualified persons. However, as female candidates are currently under-represented in some data science areas of the Bank, we would particularly welcome submissions from female applicants. All appointments will be made on merit.

If you have any questions regarding the competition, please email DataScienceCompetition@bankofengland.co.uk

  • Privacy notice

    Information we collect

    By your submission, the Bank of England (‘we’ or the ‘Bank’) collects personal data about you. This information will include your contact details and information relating to your employment, education and personal background, and other information provided by you in your application documents.

    Why do we need your personal information?

    The information you provide to the Bank will be used to process your submission and assess your suitability for the role. This information relates to personal data submitted in a Curriculum Vitae (CV).

    We also collect diversity information to fulfil our obligations under the Equality Act 2010.

    Who will see your information?

    Only the panel of competition judges and a dedicated team in Human Resources will have access to your data. We will not share your information with any third parties and it will not be handled outside the UK.

    How long will we keep your information?

    We will keep your personal data for six months after the competition winners have been announced.

    Your data rights

    You have various rights under data protection laws. For example, you may have the right to have your personal information rectified or erased.  In addition, you can ask us to change how we process your information or change how we deal with your information.

    You also have the right to ask us for a copy of the personal information the Bank holds about you.  This is sometimes known as a ‘Subject Access Request’.

    To contact us, including making a request for the personal information we hold about you, please contact us on:

    The Information Access Team (TS-M)
    Bank of England 
    Threadneedle Street 
    London 
    EC2R 8AH

    Should you be unhappy with the way the Bank has handled your personal information you have the right to make a complaint to the Information Commissioners Office.

    More information

    The Bank’s Data Protection Officer can also be contacted via the details above.

This page was last updated 19 November 2018
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