Economist Intern at Bank of England

Top Employer
Duration
Internship (1-4 Months)
Region
London Central London and City
Review Date
Salary
£30,000+
Roles
Economics

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Bank of England is a Top Employer

7.5/10

The Role
8.7
Organisation
7.4

Socialising

5.8

The Role

Role Description

Post Graduate intern

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

I very much enjoyed my internship, I found the work extremely interesting and the people very welcoming

9/10

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

Everyone in my team was very interested in the work i was doing and very keen to help

9/10

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

My manager was always very happy to offer his time when i needed it and give guidance

8/10

4. How busy were you on a daily basis?

As the internship went by i got more and more busy on a day to day basis as my responsibilities grew and as the importance of my work became greater. I do feel as though perhaps in the early stages of the internship i could have been given more deadlines to meet.

8/10

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

A lot of responsibility was handed down to me which i was very excited about and happy to receive

8/10

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

The training in R in particular has been extremely useful for working on my thesis back at university and be able to clean, manage and subsequently analyse data. This is so going to be very useful for me especially given that my thesis directly follows from the work that i completed at the Bank

10/10

The Organisation

7. What was the general atmosphere in your office?

The general atmosphere was very relaxed which i really enjoyed, with everyone very keen to meet up and have a coffee or grab lunch with interns to ask about how they're finding themselves and settling in. This, combined with the intensity of certain parts of the Bank were people to be doing research i thought was the perfect mix

8/10

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

I thought the overall internship programme was very well managed indeed. Specifically, on the first day we had a very thorough training course which enabled us to be familiar with all aspects of working there, followed by regular meetings with my manager to discuss progress as well as formal mid and end of internship reviews

8/10

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

The Bank really enabled me to have the time in the first couple of weeks especially to read up about the specific literature that i was going to be delving into in my research during the internship to enable me to feel familiar with the content and confident enough to really feel like i was contributing.

8/10

10. What were the perks on your work placement?

  • Flexi Time
  • Subsidised Canteen
  • Sports and Social Club
  • Subsidised/Company Gym
5/10

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

I think future employment prospects are extremely appealing and i am very hopeful to be able to successfully convert my internship into a post-graduate job at the end of the year. The balance between policy work and ring-fenced research time i find very appealing and very much look forward to returning full time

8/10

Social

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

There were quite a few good socials amongst the interns. My only worry here is that this was very specific amongst the group of interns that were there for the summer. I might worry that such socials wouldn't take place amongst full time employees (outside of formal away days for instance)

5/10

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

This is obviously a big negative of working right in the centre of london as it is very difficult to do anything social that doesn't involved going to the pub and potentially having a few pints or a meal that inevitably are extremely expensive and thus daily expenses of socialising are very high

3/10

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

The nightlife in central london is obviously very varied with the possibility of finding whatever type of music one fancies on any given night. As long as you are okay with spending a huge amount of money to either get into these clubs or buy drinks then you can definitely have a good night

6/10

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

The Bank of England is very unique in the resources and facilities that it has at its disposal. Specifically, the grounds they own in Barnes offer an incredible opportunity to represent the Bank of England team at various sports such as cricket and football, something i really enjoyed getting involved in

9/10