Job Specifications
Job Description
About the programme
This internship is designed for students in their final year of their undergraduate degree, or first year of a 2-year masters. It runs for 10 weeks over the summer before you start your masters, or go into your final year of your masters.
Fact box
Length of contract: 10 weeks
Start date: End-June
Location: Leeds offices (hybrid)
Salary: £22,950
Is this route for you?
This programme could be right for you if you are:
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.
Entry Requirements
To apply for this internship you must meet the below entry requirements:
You should be in the final year of your undergraduate degree and planning to study a masters in Economics or Finance upon completion. Or you should be in your first year of a 2 year masters in Economics or Finance.
Expecting or have achieved a 2.1 degree classification in your undergraduate degree.
Achieved 120 UCAS points from 3 A-Levels (or equivalent).
How could you develop?
We’ll assign you to a team where you will work on a specific project, working closely with economists or analysts to collect and analyse data.
You’ll learn more about our role in the economy and gain ‘on-the-job’ skills. You’ll also have the opportunity to learn more by attending talks and networking events.
When you apply we’ll ask if you have any specific areas of interest. Please note this is just an expression of interest, you are not applying to a specific area.
If you’re successful, you could be allocated to one of the following areas:
Monetary Analysis
International
Financial Stability Strategy and Risk
Prudential Policy
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. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.
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 through our membership of the DCS and this means we guarantee progression to video interview for disabled* applicants who meet the minimum criteria for the role. If you wish to apply under this scheme, please select 'Yes' to the DCS question at the end of the application form. We understand, however, that not all applicants with a disability may wish to apply through this scheme, and we fully respect that choice; you will still be fully supported with any support or adjustments you may require.
As we are 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 who will work with you to provide the support you require. 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.
National Security Vetting Process
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 - https://www.bankofengland.co.uk/legal/privacy
The Application Process
Important: Please
About the Company
The Bank of England is the central bank of the United Kingdom. Sometimes known as the “Old Lady” of Threadneedle Street, the Bank was founded in 1694 with a founding charter that stated its purpose was to “promote the public good and benefit of our people”.
The Bank of England’s purpose today reflects that vision first articulated by our founders. Our mission: to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.
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