Bank of England - Level 4 Apprenticeship Development Programme

If you are due to finish school, university is far from your only option. Our Level 4 Apprenticeship Development Programme could be the ideal solution for you if you are:

• Keen to start your career and earn a salary
• concerned about university fees
• looking to develop your business and technical skills in the heart of the City
• eager to gain a unique insight into the workings of the UK’s Central Bank

We have designed this 18-month programme to help talented individuals get started in their careers, and it could see you grow in a number of key roles.

About the Programme

Applications open November 2024 and close January 2025.

You will start the programme with a formal introduction to the various areas of the Bank and training sessions on essential skills. You’ll have a full induction to the Bank on joining, and will get the opportunity to find out more about the vast and varied array of work we undertake here every day.

Alongside this, you will be enrolled on a part-time Level 4 Apprenticeship. The Apprenticeship will provide you with the theoretical knowledge that will complement the skills and invaluable on-the-job learning that you will gain whilst working here.

Studying whilst working can sound challenging. As part of the programme, you will be given dedicated study leave and the support of your local Line Manager to ensure you have sufficient time and support to balance your studies with your work. The Bank also has a dedicated Future Talent Team who are there specifically to support you throughout your programme.

If you are interested in the Bank’s Level 4 Apprenticeship Development Programme, the next step is to choose between the following opportunities:

Level 4: Associate Project Manager (JustIT)

• Every project regardless of size needs to be skilfully managed to ensure its success. Associate Project Managers know what needs to be achieved, how it will be completed and how much it will cost to ensure projects are delivered on time and on budget. To become a successful project manager, individuals need to possess excellent planning and risk management skills, alongside being able to communicate effectively to individuals.
• JustIT’s Level 4 Associate Project Management qualification, certified by The Association for Project Management, focuses on teaching the latest approaches and techniques. This will enable you to make practical improvements in how you approach your work, and set you up for future learning and career development.
• If you are successful in securing a place on this programme, you will be allocated to Technology or Banking, Payments & Innovation (BPI).

Level 4: Data Analyst (JustIT)

• The main role of a Data Analyst is to collect, organise and study data to provide business insight. As a Data Analyst you could be involved with managing, cleansing, manipulating, abstracting and aggregating data, and conducting a range of analytical studies on that data. You would play a key role in producing high quality data and supporting economists in their work and publications.
• Successful completion of JustIT’s Level 4 Data Analyst apprenticeship will gain you two certifications in Data Analysis Tools and Data Analysis Concepts.
• If you are successful in securing a place of this programme, you will be allocated to Data & Statistics Division (DSD), Financial Stability Strategy & Risk (FSSR) or Insurance.

Level 4: Information System Business Analyst (JustIT)

• IS Business Analysts are problem solvers who play a critical role in enabling business change. They can make a difference to business success and how a business operates. The role embodies early and regular investigation and analysis that ensures the right IS solution is chosen to meet the required business need.
• You will play a key role as part of the team that runs the RTGS infrastructure that is at the heart of the UK economy. Alongside your day-to-day role in ensuring UK payments are processed smoothly without disruption, you will also be able to get involved in the project at an early stage of the huge, innovative change programme to refresh and renew the current RTGS system.
• If you are successful in securing a place of this programme, you will be allocated to Banking, Payments & Innovation (BPI).

Application advice 

We know that application processes can be a little daunting at first, and we want to make sure you are ready to perform to your best. Therefore, we have put together some useful information about the process from the initial application form all the way through to our assessment centres. You’ll find it all on our ‘how to apply’ page.

Each of our programmes are designed for students who are at different stages in their studies. So please don’t apply for more than one programme as we’ll only consider your first application.

If you would like to be considered for more than one programme in any given year, please email the Bank of England Team at Penna before you apply.