Business Analyst- Summer Intern at Bank of England

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

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Bank of England is a Top Employer

7.1/10

The Role
7.5
Organisation
6.8

Socialising

6.8

The Role

Role Description

Summarised and analysed new economic releases
Updated spread sheets and the intranet with information from latest economic data sets
Created presentations for the Monetary Policy Committee
Attended seminars on a variety of economics topics

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

All summer interns work on a project, mine was interesting and I had a lot of choice in the direction it would take. In many cases interns' work will be used to guide future work by economists in the bank so it is satisfying to know your work is important.

8/10

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

Although my team was mainly senior employees at the Bank which didn't offer the chance to connect with recent graduates/joiners, I was made welcome and everyone was offering to answer any questions or queries throughout the internship. It really showed that they valued my presence as well.

7/10

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

I had regular meetings with my line manager with a lot of opportunities for feedback. My manager also arranged for me to go on a course to learn to use statistical software which was very helpful in working on my project.

7/10

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.

6/10

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.

8/10

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

My internship was very useful for developing skills, as mentioned above I was sent on a course to learn how to use statistical software. I also learnt a lot about empirical econometrics which I hadn't learned in my degree yet. I also learnt more about data analysis, which is important in a working environment but generally not dealt with in academic economics.

9/10

The Organisation

7. What was the general atmosphere in your office?

The people I worked with were very friendly, and I found that economists in the Bank are generally very approachable and happy to help if I was having difficulties. People can also be very busy however so there is not always a lot of interaction.

7/10

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

The organisation before the internship started was not clear and efficient. But from the induction onwards, contact via emails was regular when needed and it was easy to raise any queries which were answered promptly. The staff who organised the internship were approachable and honest.

7/10

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

The Bank encourages personal development hugely with weekly events/ seminars /talks across the Bank. As an intern this was really useful and training was offered where needed. The scope of the training available was quite diverse. However, on some courses, numbers are limited which can be quite annoying if you can't sign up in time.

7/10

10. What were the perks on your work placement?

  • Flexi Time
  • Subsidised Canteen
  • Sports and Social Club
  • Healthcare/Dental
7/10

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

I would be very happy to work at the Bank in the future, they perform extremely interesting economic research and there are a lot of opportunities to get involved in extra projects with other people working at the Bank.

6/10

Social

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

We were encouraged to socialise as a sandwich student group by our recruiters and the students that we replaced and this made the whole experience far more enjoyable.

8/10

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.

3/10

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.

8/10

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.

8/10