Industrial Placement Programme Economist (London)

About the programme

This is a 13 month programme designed for undergraduates with a placement year built into their course.

• Length of contract: 13 months
• Start date: End-July
• Location: London offices (hybrid)
• Salary: £25,250

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 at the Bank

Entry requirements

To apply for the Industrial Placement Programme you must meet the below entry requirements:

• Be studying any undergraduate degree that allows you to do a placement year (starting from next summer).
• Expecting a 2.1 degree classification.
• You must not already have a degree.
• Your degree must contain at least 50% modules in either Economics or Finance.
• 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 studying an economics or finance degree, then this stream might be ideal for you. You will have the opportunity to support projects that feed into policy discussions and processes, working with data, applying economic judgment, and developing analytical skills. The skills you could develop include:

• Strong analytical and numerical ability
• Economic and financial research
• Attention to detail
• Clear written and verbal communication
• Familiarity with data tools (e.g. Excel, Python, R)

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 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.

The Application Process

Important: 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. Please also ensure you have uploaded 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.