I worked as part of a team focusing on policies regarding the governance of financial institutions and the remuneration of their staff. This role included helping create, evaluate, adapt and implement said policies. I undertook both quantitative and qualitative analysis pieces of work, and gained in responsibility / autonomy as the year progressed.
I have developed many of my existing skills, including quantitative and qualitative analysis, data analysis, communication, teamwork, independence, organisational and presentation skills.
I was given increasing responsibility as the year progressed. At first, the goal is to learn all of the basics, get accustomed to the technical side of the work and to fit in with the team. This is done through small projects and contributions to larger pieces of work. As time progressed, I was given my own independent projects and contributed to a greater extent to wider work.
Ever staff member I've met at the Bank of England has been incredibly kind / willing to help in any way, especially as we navigated a virtual work environment. I developed a great relationship with my line manager, instrumental to my progress, I felt comfortable turning to others for help and guidance, which meant I felt supported all around.
The Bank sets out long term company culture goals, which they really work towards. I found it to be a very open environment, where any topic (professional and personal) can be talked about. It's a great place to work in, where hours are consistent (9-5) and you are encouraged to develop outside of work and make the most of your free time without having to think about work.
I really enjoyed my placement - I even applied to come back as a Graduate. The Bank is a great place to work on all levels: the work is interesting and fulfilling, you feel part of a wider organisation, everyone is nice and open, work is manageable yet you feel important and your contributions and opinions are taken seriously. Overall a great experience.
Read up on the Bank, its culture, etc. to see if it is a good fit for you. Be yourself - the Bank favours those that are honest and can be true to themselves in the workplace. Analytical skills and academic knowledge - important skills to show off during your interview. Soft skills - the interview also assesses your soft skills; prepare examples of these.
Placement Year (10 Months+)
Central London and City
9th September 2021