FAQs
What is the duration of the penultimate year internship?
The internship lasts for 10 weeks.
When does the internship start?
The internship is set to start at the end of June.
Where is the internship located?
The internship is located in our London offices, operating in a hybrid format.
What is the salary for the penultimate year internship?
The salary for the internship is £25,250.
Who is eligible to apply for this internship?
Applicants must be in their penultimate year of their undergraduate degree and expecting a 2.1 degree classification.
What are the education requirements for this internship?
Applicants must have achieved 120 UCAS points from 3 A-Levels (or equivalent).
What kind of experience can interns expect to gain?
Interns will work on a specific project within a team, gaining practical experience and skills related to the UK’s central bank.
Are there opportunities for networking during the internship?
Yes, interns will have the opportunity to attend talks and networking events to build their professional network.
Can I choose the specific area I want to work in during the internship?
No, you express your areas of interest during the application, but you will be allocated to a specific area if successful.
What areas may interns be allocated to?
Possible areas include Payments, Markets, Financial Market Infrastructure, Financial Stability Strategy & Risk, Insurance Supervision, UK Deposit Takers Supervision, and Notes.
How does the Bank of England approach diversity, equity, and inclusion?
The Bank values diversity and is committed to creating an inclusive culture that supports people from all backgrounds.
What is the Disability Confident Scheme?
The Disability Confident Scheme ensures progression to the interview stage for disabled applicants meeting the minimum criteria.
Is support available for disabled applicants during the recruitment process?
Yes, the Bank provides adjustments and support to disabled applicants throughout the recruitment process upon request.
What is the National Security Vetting Process?
Employment in this role is subject to a National Security Vetting clearance process and additional security checks as per Bank policy.
What is the application process for this internship?
The application process includes four stages: online application, situational judgement test, video interview, and a virtual assessment centre.
Will my personal data be protected during the application process?
Yes, the Bank will handle your personal data in accordance with data protection laws to assess your suitability for the role.
What can I gain from working at the Bank of England?
You will have the opportunity to engage in career-defining work at the heart of the UK economy, be part of a fantastic team, and receive a rewarding compensation package.