Advanced Analytics- Intern at Bank of England

Top Employer
Internship (1-4 Months)
London Central London and City
Review Date
£22,000 - £23,999
Banking/Finance Business Management

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Bank of England is a Top Employer


The Role



The Role

Role Description

Advanced Analytics is at the forefront of helping the Bank make creative use of data analytics to promote the public good. We do this by, developing new Bank-wide data analysis capabilities. Delivering user-friendly tools and training to help the organisation make the most of its data.

1. To what extent did you enjoy your work placement or internship?

I have thoroughly enjoyed my time at the Bank. The people have been extremely friendly and helpful and my role has been very interesting and exciting as it is at the heart of the financial markets and I can see the effects of my work in the news every day. The work that I was given was very interesting and I was able to use my knowledge and express my opinions through the work that I did.


2. To what extent did you feel valued by your colleagues?

My team have always been very friendly and helpful. They have helped me with anything I need and been willing to explain anything to me, but they also come to me for help with their help and ask me for explanations of things. They value my opinions and the knowledge that I have built up since starting a t the Bank.


3. To what extent were you given support and guidance by management/your supervisor(s)?

I have had two line managers since starting the Bank and they have both been extremely helpful and friendly. They have always been willing to explain anything to me and help me with anything I need.


4. How busy were you on a daily basis?

On occasions I have been extremely busy especially when my manager has been on leave and I have had to cover his work, and there have been occasions where I haven't had too much work to do but overall my work load has been optimal.


5. How much responsibility were you given during your placement?

During the internship I had a lot of autonomy in deciding how to do my project. All of the interns I spoke to this year (including myself) found that we were responsible for projects that really mattered.


6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?

I received training on Microsoft programs and am now extremely competent in using Excel which I expect to be using in the future. I have also developed my soft skills and am more comfortable with presenting at meetings than I was when I started work. My confidence has improved greatly since starting the Bank.


The Organisation

7. What was the general atmosphere in your office?

My team have always been extremely friendly and fun to work with as we treat each other with respect but also socialise with each other outside of work. The whole office is very friendly and everyone is willing to help you out and explain things to you.


8. How well organised was the overall work placement or internship set up?

When I first started there wasn't much work for me and I felt that my team were slightly un-organised with my arrival although the overall program was very organised and well set out. However, once I got settled into my team, things became more organised as I became familiar with my role and responsibilities.


9. In terms of personal training and development, to what extent did the company or firm invest in you?

They are willing to send you onto courses/conferences both within and outside of the Bank if they feel as though they will benefit me in my role, however in more busy times, we were restricted in the things that we were allowed to go to.


10. What were the perks on your work placement?

  • Flexi Time
  • Sports and Social Club
  • National Travel
  • Company Parties/Events

11. How appealing are future employment prospects within the organisation?

The Bank is an amazing place to work as the atmosphere is very friendly and the work is extremely interesting as it is central to the financial markets. The pay, however, is a disincentive as is is low compared to similar roles in the private sector.



12. Was there a good social scene amongst any fellow placement students/colleagues?

Yes several nights out for the interns were organised and paid for by HR. Most of the interns also went out together one night a week for drinks, and many of the interns had lunch together. We all still keep in touch.


13. What was the cost of living and socialising in the area you worked in?

The Bank is in the financial district in central London, so it is unlikely to be cheap. There are a number of pubs nearby that are reasonably priced, it's probably best to find these on the internet and book a table in advance.


14. What was the Nightlife like in the area you worked?

There are a lot of pubs/bars nearby which are always popular on Friday nights. I went to a few of these with the other interns. The nightlife seems to be very good in this area, but I wasn't there long enough to experience a lot of it personally.


15. Were there many opportunities to get involved in activities outside of work?

There is a gym on site. The Bank also has a sports club at Roehampton which interns get free access to. This has a wide array of sports teams rugby, cricket, football etc and a variety of teams which play for fun or competitively.