The Bank of England PhD Internship Programme offers an invaluable opportunity to experience and contribute to economic analysis, policymaking and research, at a leading central bank based in our Leeds and London Offices.
We are looking for PhD students from a diverse set of backgrounds and with a desire to carry out innovative, policy‐relevant research, contribute to our research agenda and help shape the Bank’s policies in the years ahead.
Research at the Bank of England covers the full scope of our remit for delivering monetary, macroprudential, and microprudential policy, centred around the five themes in the Bank of England’s Agenda for Research (BEAR ). Our large research community includes researchers from a range of disciplines, with a common interest in issues relevant to central bank policymaking. Our research economists enjoy a rich and stimulating environment, have close engagement with policymakers, and make a key contribution to policy analysis. As a PhD intern you will be working on a research project of live interest to the Bank, with Bank of England researchers. While your exact research topic will be at the discretion of the Bank, we will seek to align it with your research interests and skills, and give you scope to shape the project. You will also be given an opportunity to present your research, either your own existing projects or your internship project, and engage with researchers and policymakers from around the Bank.
PhD students from any discipline are eligible to apply. Both the length and timing of the internships are flexible, though they are typically for 12 weeks over the summer.
We offer an annual salary of £27,000 for London based interns and £24,300 for Leeds based interns (pro rata based on Internship duration and working pattern) and pro rata holiday entitlement, based on 26 days per annum. This role is open to flexible working patterns, which can include time working remotely, though you will need to be based in the UK during your internship. International candidates may be offered relocation expenses.
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 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 which 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. 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 understand, however, that not all applicants with a disability may wish to apply through this scheme, and we fully respect that choice; 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 PhD-Recruitment@bankofengland.Please be aware that we may need to ask for more information about your disability so that we can provide the necessary support.
~ Disability includes but is not limited to visual and hearing impairments, mobility impairments, autism, ADHD, diabetes, epilepsy, dyslexia, dyspraxia, mental health conditions, speech impairments and major illnesses such as cancer and MS.
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided at offer stage for successful candidates. Information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice
Please ensure that you complete all details in the application form including education, work history and all job specific questions, even if these are covered on your CV. Please ensure you upload a CV and Research Paper when prompted.
The assessment process will comprise of 2 stages: online application and a virtual interview
We are the UK's central bank - and we are a bank like no other; known by our peers 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. It takes a great team to run the Bank of England. We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.
There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.
The Bank of England 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.