Advanced Analytics - Summer Intern at Bank of England

Top Employer
Duration
Internship (1-4 Months)
Region
Glasgow Scotland
Review Date
Salary
£18,000 - £19,999
Roles
Banking/Finance Computer Science

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Bank of England is a Top Employer

7.5/10

The Role
8.0
Organisation
7.2

Socialising

7.2

The Role

Role Description

Applying advanced analytical techniques. Analysing granular and unstructured data to meet business objectives.
Enhancing the data and expertise at the disposal of the Bank and the public. Communicating and linking with outside partners so the Bank is at the forefront of advances in data sources and analytical tools.

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

Overall, the internship gave a really good insight into the responsibilities of the Bank. I was allowed to have hands on experience as an employee from day one as I attended meetings, seminars and produce work that the team used directly.

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)?

The line managers are all exptremely helpful, not only with the day-to-day things, but also with sharing there experiences. Most of them have joined as grads and are therefore really good sources of advice. General management are also very approachable and the open structure means you can also find a manager to talk to if you need to.

8/10

4. How busy were you on a daily basis?

I always had work to be doing in my role, however the Bank also have seminars/lectures going on that you can attend anytime if you find yourself with free time. Although, on the rare occassion you find yourself with no work, most people are happy to let you help them with what they are working on and generally really enjoy talking about their work.

8/10

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

I was given the same responsibilties as any other member of the team. It does seem daunting at first, but you find that you are fully supported through any piece of work you porduce or present and its a really good way of understanding exactly what the day-to-day role entails.

8/10

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

Having seen what skills and theory is used daily, it will help me tailor what modules/qualifications I may choose to do. This is especially useful for students who never really know which modules at uni are actually relevant in the work place.

9/10

The Organisation

7. What was the general atmosphere in your office?

Everyone is very open and willing to have a chat. Obviously its a place of work so it's not all fun and games constantly, but because the types of people/personalities you are working with is so varied you will find that theres always a few jokers in the group which lightens up the day.

7/10

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

My experience of it is that it is very structured in terms of what you are expected to do and achive over the internship. However, you are given the flexibility to explore other aspects of the Bank too.

8/10

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

You are offered the opportunity to go on courses while you are at the Bank, such as presentation skills. Plus you also have access to loads of learning material from your department. However the most important aspect is the time that individuals will spend with you to ensure you understand things you are unsure about or just to teach you concepts in Banking.

9/10

10. What were the perks on your work placement?

  • Flexi Time
  • Sports and Social Club
  • Company Parties/Events
  • Healthcare/Dental
5/10

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

It's a very reputable organisation which many companies love to steal staff from. It is dependent on your specific division and role, however there is so many opportunities to move around within the Bank anyway.

7/10

Social

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

All student placements kept in contact during the day through the IM. Everyone eats together and goes out every week together. This is dependent on the kind of interns that happen to be on your cohort, but the Bank seems to employ out-going open individuals anyway.

8/10

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

Can't really comment on this as I commuted into the city from home- travel was expensive though and there are no travel loans/subsidisation provided.

6/10

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

Glasgow is filled with bars/ pubs/ clubs which offers variety for all. Downside is that it's packed on Fridays and drinks are very pricey.

8/10

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

Good opportunities for sports, societies across different interests. I was only there for a short time so couldn't really get stuck into anything but I know many employees that make good use of the gym and the other opportunities at the Bank.

7/10