Research Assistant at Bank of England

Top Employer
Duration
Placement Year (10 Months+)
Region
London Central London and City
Review Date
Salary
£22,000 - £23,999
Roles
Banking and Finance Law Banking/Finance Business Analytics Economics Financial Management Politics Public Sector/Governmental

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Bank of England is a Top Employer

7.7/10

The Role
8.2
Organisation
7.0

Socialising

8.0

The Role

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

Completing my industrial placement at the Bank of England was one of the most enjoyable and insightful experiences. It has been one of the best opportunities to partake in work that has an impact on the economy and people's lives.

9/10

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

All colleagues across the Bank were extremely helpful and very kind. There was an open, collaborative and inclusive culture, which made it enjoyable working in a supportive environment where you felt valued.

9/10

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

Throughout the year I had regular bilateral meetings with my manager where I could reflect on the progress of my work, plan for the week ahead and receive feedback on how I could stretch myself to achieve more. Regular catch-up sessions with mentors, senior management and other workstream supervisors helped ensure that I received regular guidance, support and appraisal for my work.

10/10

4. How busy were you on a daily basis?

Each day was different and there was always something important to work on - you could be really busy working towards a deadline, or there would be quieter periods. There was always good balance.

8/10

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

The role represents a significant opportunity to work on high-profile policy areas with scope for a significant degree of senior level interaction. I led on thematic pieces of work, assisted with policy evaluation and presented to senior decision-making committees.

8/10

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

Over the course of the placement I could benefit from a whole range of personal and professional development experiences – from technical seminars, external or internal training and secondments to other areas of the Bank.

Completing a variety of training courses at the Bank has helped me apply myself to different situations with more confidence - developing my professional and interpersonal skills. Having built extensive knowledge of how Economics is applied in practice has helped me whilst at University, as I have the right technical knowledge to produce high quality pieces of work, and has improved my ability to critically analyse data to make relevant inferences.

5/10

The Organisation

7. What was the general atmosphere in your office?

Sometimes people would work in silos, but generally the atmosphere was very bubbly and the team made efforts to do fun things together such as drinks, lunch and away-days.

8/10

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

Very organised and structured well.

9/10

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

The Bank of England provide training courses to encourage career development and improve professional and interpersonal skills. The programme of training opportunities offered by the Bank is designed to ensure everyone can continue to operate at the very forefront of their fields.

5/10

10. What were the perks on your work placement?

  • Flexi Time
  • Subsidised Canteen
  • Sports and Social Club
  • Subsidised/Company Gym
  • National Travel
  • International Travel
  • Financial Bonus
  • Company Parties/Events
  • Working from home
  • Healthcare/Dental
  • Travel loan
5/10

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

There is opportunity to progress in different areas of the Bank and secondments are available.

8/10

Social

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

Yes! We would always meet up and explore different places in London, as well as go for after work drinks.

10/10

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

Living and socialising in the centre of London can be quite pricey, especially as a student.

3/10

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

The Bank is located in the centre of London and there are some amazing bars and restaurants around the area.

10/10

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

9/10