About the programme
This is a 13‑month programme designed for undergraduates with a placement year built into their course.
Job Description
This is a 13‑month programme designed for undergraduates with a placement year built into their course.
Fact box
* Length of contract: 13 months
* Start date: End‑July
* Location: London offices (hybrid)
* Salary: £25,250
Is this route for you?
* Keen to learn about what we do and gain practical experience
* Eager to gain a unique insight into the workings of the UK’s central Bank
* Looking to build your network and find out more about graduate opportunities at the Bank
Entry Requirements
* Be studying any undergraduate degree that allows you to do a placement year (starting from next summer).
* Expecting a 2.1 degree classification. You must not already have a degree.
* Achieved 120 UCAS points from 3 A‑Levels (or equivalent).
What To Expect
We’ve designed this programme to help talented people gain valuable work experience at the heart of the UK’s financial system. First of all, we’ll introduce you to the different types of work we do. Then, 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.
How You Could Develop
If you’re interested in solving problems that are intellectually stimulating and directly impact the Bank of England’s mission, then this stream might be ideal for you. You will gain an insight into regulatory frameworks and could be supervising financial institutions such as insurance companies, banks and building societies. This stream is open to students from all degree disciplines.
The Skills You Could Develop
* Analytical and problem‑solving
* The ability to process, interpret, and question large amounts of complex data
* Working collaboratively as part of a dedicated team
* Clear written and verbal communication
What We Offer You
In addition to your salary you will be enrolled on to the Bank of England pension scheme.
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we need a workforce that reflects the society we serve. At the Bank of England, we want all colleagues to feel valued and respected, so we’re working hard to build an inclusive culture. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
We are proud to be a member of the government’s Disability Confident Scheme (DCS). We are committed to creating an equitable interview process for disabled candidates. If you wish to apply under this scheme, please select ‘Yes’ to the DCS question at the end of the application form.
As an equal opportunities employer, we are committed to providing adjustments and support to disabled applicants throughout the recruitment process. Should you require support with completing your application and require any adjustments for this (even if you do not wish to be considered under the Disability Confident Scheme), please contact the recruitment team at BOEadditionalsupport@penna.com.
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (typically 6‑12 weeks post‑offer) and additional Bank security checks. Further information will be provided at offer stage for successful candidates.
The Application Process
Important: Please ensure that you complete all details in the application form including education, work history and all job specific questions. Your application will not be considered if all mandatory questions are not fully completed. Please also ensure you have uploaded a copy of your CV for eligibility checks.
The assessment process will comprise four stages: online application, situational judgement test, video interview and a virtual assessment centre.
About Us
We are the UK’s central bank – known for our world‑leading thinking on policy and strategy. Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We run the Bank of England with a collaborative culture and flexible ways of working, supporting our colleagues to balance work and personal life.
Join us and find a bank like no other. Together, we can make a difference.
We will use and protect the information you provide when you apply for a role with us, in line with our obligations under data protection law.
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