Bank of England - Internships (2025)

Deadline: January 06, 2025

Internships

Government

Location(s)

  • United Kingdom
Threadneedle Street, London, EC2R 8AH

Overview

Are you keen to learn about what we do and get some practical experience? We offer paid internships to university students in first and penultimate year and to those about to start their postgraduate study. You’ll be joining a supportive and inclusive work environment with lots of opportunities to develop your skills. Why not apply?

Details

First year internship

What you'll learn?

You’ll learn more about our role in the economy and gain ‘on-the-job’ skills. We’ll assign you to a team and you’ll work on a specific project. Our teams include information technology, monetary policy and banking supervision. 

You’ll also have the opportunity to learn more by attending talks and networking events.

The type of work you would do could involve:

  • supporting the UK’s financial system 
  • working in the financial markets
  • supervising international banks 

When you apply, we’ll ask you about your areas of interest. Find out more about what we do.

If your performance is outstanding, we may consider you for a place on our Penultimate Year Internship or Industrial Placement program.

Penultimate year internship

You will learn about our role in the UK’s economy and gain valuable ‘on-the-job’ skills.  You’ll join one of our teams and support analysts, economists or supervisors. 

We would assign you to one of the following teams: 

  • Banking Payments & Innovation
  • Data & Statistics Division
  • Financial Market Infrastructure
  • Financial Stability Strategy & Risk
  • Insurance
  • Markets
  • Resolution
  • UK Deposit Takers Supervision

You’ll also have the opportunity to learn more by attending talks and networking events.

When you apply, we’ll ask you about your areas of interest. Find out more about what we do.

If your performance is outstanding, we’ll consider you for a place on our Graduate Programme or Postgraduate Internship.

Postgraduate internship

You’ll focus on a project, working closely with economists or analysts to collect and analyse data. 

We’ll introduce you to what the Bank of England does and you’ll be able to attend talks and networking events.

You could be working in one of the following areas: 

  • Data & Statistics 
  • Financial Stability Strategy & Risk
  • International
  • Markets
  • Monetary Analysis

When you apply we’ll ask if you have any specific areas of interest. For more information about the areas which we recruit in, take a look at what we do. 

If your performance is outstanding, we’ll consider you for a place on our Graduate programme.

What does the Bank of England do?

The Bank of England is the UK’s central bank. Our mission is to promote the good of the people by maintaining monetary and financial stability.

Overview

The Bank of England was nationalised in 1946, so we are now wholly owned by the UK Government. Before this, the Bank of England was a private bank owned by various shareholders. We gained independence from the Government to set monetary policy  in 1997. 

We have specific statutory responsibilities for setting policy – for interest rates, for financial stability, and for the regulation of banks and insurance companies. We have independence from the Government in terms of how we carry out these responsibilities. We do this within a framework set by Government but free from day-to-day political influence.

The Bank is overseen by a board of directors, known as the Court of Directors, who are appointed by the Queen on the recommendation of the Prime Minister and the Chancellor. The Court of Directors is responsible for setting and monitoring the Bank's strategy and making key decisions on spending and appointments. The Government chooses one of the non-executive, or external, members to chair the Court of Directors.

Our policymaking committees: the Monetary Policy Committee, the Financial Policy Committee and the Prudential Regulation Committee make decisions about our responsibilities, for example on the interest rate.

Our Internal Audit Division helps the Court of Directors and executive management to protect our assets, reputation and sustainability by independently and objectively evaluating the effectiveness of internal controls, risk management and governance processes.

Opportunity is About


Eligibility

Candidates should be from:


Description of Ideal Candidate

Entry requirements

  • First year internship:
    • In your first year on any undergraduate degree
    • Expecting a 2.1 degree classification
    • 120 UCAS points from 3 A-Levels (or equivalent) 
  • Penultimate year internship:
    • In your penultimate year of your first  degree
    • Any degree subject  
    • Expecting a 2.1 degree classification
    • 120 UCAS points from 3 A-Levels (or equivalent) 
  • Postgraduate internship
    • Completed an undergraduate degree and about to start a postgraduate degree in economics or finance
    • expecting a 2.1 degree classification
    • 120 UCAS points from 3 A-Levels (or equivalent) 

Dates

Deadline: January 06, 2025


Cost/funding for participants

First year internship

  • Length: Six weeks over the summer
  • Salary: £98.08 per day

Penultimate year internship

  • Length: Eight weeks over the summer
  • Salary: £96.15 per day

Postgraduate internship

  • Length: Eight weeks over the summer
  • Salary: £98.08 per day
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