Summer Intern at Bank of England

Top Employer
Duration
Internship (1-4 Months)
Region
Bank Central London and City
Review Date
Salary
£16,000 - £17,999
Roles
Banking/Finance

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Bank of England is a Top Employer

8.0/10

The Role
7.7
Organisation
8.6

Socialising

7.8

The Role

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

The work I was given was really interesting, and I had the opportunity to attend / watch a lot of high profile meetings / events, e.g. the pre-MPC meetings where staff present to the Monetary Policy Committee; I was also able to shadow many of the Bank's operations in the Sterling money markets, e.g. purchasing gilts for quantitative easing.

9/10

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

Right from day one, it did not matter who I was talking to - it could have been a senior manager or head of division - everyone was interested in the work I was doing and valued and took on board my opinions. My team were so friendly and helpful.

9/10

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

My line manager was fantastic. I was given all the support I needed, including proof reading written work and attending practice presentations. I was always given honest and helpful feedback, which was vital for me to improve as my internship progressed. I was also able to get help / feedback from the mangers on the team who were always more than happy to answer any questions. The Bank has a very collaborative atmosphere where literally everyone is happy to give up their time to help you.

10/10

4. How busy were you on a daily basis?

I was given two long term projects to work on from day one, and I had complete autonomy over how these projects progressed. As deadlines approached, naturally I was more busy, but I never felt stressed out by the amount of work I had or overloaded.

8/10

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

Quite a lot, my project was quite important.

5/10

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

The skills I learnt will form a foundation of the business skills that I will need throughout my career. I was able to attend a training course on presentation skills; the Bank has a lot of training opportunities.

5/10

The Organisation

7. What was the general atmosphere in your office?

Relaxed, friendly, collaborative.

9/10

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

On the whole, well organised. However I think that the Bank's HR would benefit from speeding things up quite a lot. From attending the final assessment centre to receiving an offer was 3 months; many of the Bank's competitors give offers out to candidates a matter of days after the assessment centre. It also wasn't clear to me how we as interns were being assessed, and the target setting did not occur for me as HR had suggested it would during induction. Nevertheless, the key points were all there in that there was plenty of work for me to do and a good structure. The interim and final assessments are useful.

7/10

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

People extremely generous with their time. There was also a full range of training opportunities and training courses that were open to me at the cost of the Bank (they weren't cheap!).

10/10

10. What were the perks on your work placement?

  • Flexi Time
  • Subsidised Canteen
  • Sports and Social Club
  • Subsidised/Company Gym
  • Working from home
7/10

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

I have been offered a job and can't wait to go back.

10/10

Social

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

Interns wanted to go out all the time.

10/10

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

I was able to live at home. Eating and drinking out in the City is obviously expensive but I expected that.

6/10

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

Good.

7/10

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

For full time employees there is a broad range of sport clubs / societies.

8/10