I worked as part of a team focusing on policies regarding the governance of financial institutions and the remuneration of their staff. This role included helping create, evaluate, adapt and implement said policies. I undertook both quantitative and qualitative analysis pieces of work, and gained in responsibility / autonomy as the year progressed.
I really enjoyed the Bank of England virtual insight session. It was an amazing chance to understand more about the Bank of England, and how they are making change currently, especially the changes that are being done because of Covid 19. It was a very informative session, I was surprised to learn how the Bank helps their employees. It was a great opportunity to discover roles and learn from the people who are doing those roles.
The insight days I attended were very well organised. There was a lot of opportunities to ask questions and Bank staff provided very useful insights. I particularly enjoyed the panel discussion because it gave me a very good sense of what it’s like to work at the Bank.
There was ups and downs, in terms of money saving and not doing what would have been a 3 hour commute everyday there was positives. However, I wanted to spend the year getting to know London and all the other placement cohort but completing the placment online meant that I had little contact with the cohort. Moreover, it was a lot harder to learn the job virtually as we had to use screen share which meant it was hard to see what the other person was doing.
This placement is absolutely brilliant. I work at IEO, which is a small office that evaluates Bank's policies. I have a variety of reponsibilities such as taking minutes of meetings, doing charts in Excel, doing high level data analysis,fact checking the final report and now I am learning to code in R. So i definitely get to learn a lot of different skills, and the work is varied. Also, a really cool thing is that I get to sit in meetings with senior officials, including the Governor himself, and listen to experts debating on important economic questions.
The Bank of England is a great place to work. The placement year is well tailored to what you can expect from a year in industry. As an intern, you feel useful to your teams and have the chance to take part in interesting projects. Everyone is kind and wants to be helpful. Everyone knows you have a lot to learn and it is easy to turn to Senior employees for advice, as well as to raise concerns.
The internship was held virtually this year given the circumstances, but I was still able to enjoy the internship. My team were very nice and I learned a lot by working with them over the course of 2 months. The regular team and divisional meetings were also a nice way to understand how different parts of the Bank of England function, and the variety of work that is undertaken. I would recommend applying for a programme.
Working at the bank was an incredibly enjoyable and eye opening experience. I loved the opportunities given to me as they allowed me to broaden my horizons passed my role description and learn new things. The bank allowed me to meet a very diverse range of people and I made some fantastic friends whilst working at the Bank.
I am really enjoying my placement as I'm getting a great insight into what's going on in the economy from a wide range of surveys and indicators. In these current times its interesting to see how the Bank is changing the way it usually operates to get a better grasp of activity in the economy depsite the high levels of uncertainty. It is then interesting to see how the data we collect and anlysis we do contributed to the shaping of monetary policy.
I am still currently performing my role at the Bank of England as I am completing a 13 month placement scheme. Therefore, I am enjoying my role so far as in many ways I am still within the learning stages of the placement. Although the placement is virtual the role has been enjoyable as my team have made a concerted effort to try and communicate with me on a friendly level. The Bank are very interactive and this is apparent even providing the current situation.
The insight was a perfect opportunity to learn more about the bank. From an outside perspective, the Bank to me appeared very intimidating, that you need to be the smartest, brightest to join the Bank. However, after attending the events, I had the opportunity to learn about the steps the BoE were taking to improve diversity and allow BAME and women to progress and flourish within the bank. It was a great chance to demistify some of the stereotypical viewpoints that people have of the bank.
I attended a Diversity Insight Day in which I learnt about the different possible routes into a career at the Bank of England. I enjoyed the event a lot as I am interested in working for this organisation and felt that I gained valuable advice which could help me during the application process.
The structure is really clear and it will help you to develop your skills and get a real exposure to the industry. There are also a lot of events from the early careers team where you will get the chance to learn more about other departments and network with different people across divisions at the bank. There are also a lot of trainings that can help you to develop your skills.