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.
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
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 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 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.