I really enjoyed my work placement as I not only developed skills such as time management, communication skills and project management skills, but I also learnt a lot about myself and the career I would like to pursue.
I was a member of the team just like everyone else! Colleagues from my team and the wider Bank would always be willing to meet for a coffee and share their knowledge.
My line manager was fantastic and would provide me with constructive feedback on a regular basis. I always felt I could ask my colleagues and manager for support and they would take the time to explain things properly.
It depended on what projects I was working on but I always had work to do. I liked keeping busy and would ask if I could support on other projects if I had spare capacity.
I was given a fair amount of responsibility on my placement, a lot more than I expected placement students to be given. This was great for my development and I have improved skills such as time management and how to prioritise both my time and resources. The amount of responsibility also changed overtime, for example when I started I would support projects but by the end of my placement I was given the responsibility to lead on certain projects.
I am already applying the skills I learnt from my work placement to my degree studies. For me, the most important thing I learnt was how to manage my time and to set realistic expectations. I also learnt how to use Tableau (analytics and visualisation software) which I now use instead of Excel to visualise data.
Most people working in my office had come from industry and therefore, they were very work driven. This didn't mean we never had fun but my colleagues were work driven - I really liked that. My team would go for lunch and coffee together.
I thought it was quite well organised. We had two days of full training when we started and then we were handed over to new teams. We then were able to go on more training throughout the year. My only feedback would be for better communication throughout the year.
We had two days training at the beginning of the placement which covered the basics about security, the Bank of England code of conduct, diversity and inclusion, etc. We were then handed over to our new teams who would provide training. I had a training plan set out for me and a dedicated colleague to guide me through what I needed to know. I also signed myself up to further training the Bank provided.
Sports and Social Club
Working from home
When we started the placement, we were told we would know if we would be given a graduate job before we left. However, 2 months before we were due to leave, they changed this and we only know if we are eligible for a graduate job. I have expressed my interest in returning and find out in January if I have secured a graduate scheme.
There were 38 of us in total so there was a fairly good social scene with the fellow placement students, but I also made good friends with the graduates in my office. We would regularly go for drinks and had a great Christmas social.
Cost of living and socialising was very expensive but that is what you expect when you sign up to live and socialise in London for a year. With help of my student loan it was possible though.
The area I worked had a lot of pubs and bars and there was always somewhere with a happy hour! My team didn't always go out as a lot of them had families with young children but there was always another team drinks you could go along to.
There were lots of opportunities to get involved in outside of work. I was part of the Bank of England netball team which involved training at the Bank of England Sports Centre and playing matches against other teams and banks. I also got involved in the Bank of England athletics club and took part in a relay race with some of my colleagues near the Houses of Parliament. You can also get involved with the Bank's charity work. I volunteered to collect money for London Air Ambulance at Canon Street station.
Placement Year (10 Months+)
3rd November 2019