About the Programme
This is a 13‑month programme designed for undergraduates with a placement year built into their course.
Job Description
This 13‑month Industrial Placement Programme offers undergraduates a placement year within the Bank of England, combining learning with practical experience, training and team-based policy, research, and operational work.
Fact Box
* Length of contract: 13 months
* Start date: End-July
* Location: Leeds offices (hybrid)
* Salary: £22,940
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 an undergraduate degree that allows 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 coding or producing and analysing key economic and financial statistics that are published by the Bank of England, either as a data analyst or data scientist then this stream might be ideal for you.
The Skills You Could Develop Include
* Data analysis, coding and visualisation (e.g. Python, R, PowerBI, Excel)
* Understanding of data science tools and programming languages such as R and Python
* Economic and financial research
* Drafting briefing materials and internal notes
* Supporting project delivery and stakeholder engagement
If you apply to the Data or Economics stream, you will need to complete an online Excel test as part of the assessment centre.
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 we believe 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 that supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public. We are proud to be a member of the government’s Disability Confident Scheme (DCS) and 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 we are an equal opportunities employer, we are committed to providing adjustments and support to disabled applicants throughout the recruitment process. If you require support with completing your application and need any adjustments, please contact BOEadditionalsupport@penna.com.
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process, which typically takes between 6 to 12 weeks post‑offer, and the passing of additional Bank security checks in accordance with Bank policy. Further information about the vetting and security clearance will be provided at offer stage. Information about how the Bank processes personal data for these purposes is set out in the Bank’s Privacy Notice – https://www.bankofengland.co.uk/legal/privacy
The Application Process
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. Upload a copy of your CV for eligibility checks. The assessment process will comprise of 4 stages: online application, situational judgement test, video interview and a virtual assessment centre.
About Us
We are the UK’s central bank – a bank like no other. Known by our peers for 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 keep prices stable and people’s money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work. It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long‑established flexible ways of working, supporting our colleagues in balancing work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives help us make the best decisions for the public. There’s much to gain from working with us – career‑defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.
Join us
Join us and find a bank like no other. Together, we can make a difference.
Job Details
* Seniority level: Internship
* Employment type: Full‑time
* Job function: Other
* Industries: Banking, Financial Services, and Government Relations Services
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