Rating

4.9/5
  • Skills
    5.0
  • Responsibilities
    5.0
  • Support & Guidance
    5.0
  • Culture
    5.0
  • Your Impressions
    4.7

    Overview

  • 1. Please give an overview of your role and what this involves on a day-to-day basis.
  • My role was that of a summer intern in the Financial Stability Strategy and Risk directorate of the Bank of England. I was given an own project with several objectives at the start of the internship which I owned and had to report on in weekly bilaterals with my line manager. It involved me writing a script for automation of data extraction from pdf tables in R and then writing a piece analysing the extracted data.


    Skills

  • 2. Have you learnt any new skills, or developed your existing skills?
  • I have certainly learnt many new skills in that internship, mainly coding in R. At the beginning, I was given the choice which programming language to choose and after some research I found that R had the most suitable package to my task. I spent 4-5 weeks writing my script and automated the extraction of circa 130 tables from pdfs with about 55 pages. I also honed my project management skills and practiced public speaking.


  • How would you rate the training provided during your experience?
  • 5/5

  • How would you rate your development of industry-specific skills during the experience?
  • 5/5

  • How would you rate your development of personal / soft skills during the experience?
  • 5/5

  • Please rate how these skills have helped you in your career development
  • 5/5

    Responsibilities

  • 3. Were you given much responsibility during your placement / internship?
  • Yes, the fact that I had my own project meant that it was only me working on that specific area. Furthermore, I had the impression that my work was really helping the team and contributing towards the goals of the directorate and that my work could be used further even when I would have already been gone because I had automated most steps of the process. In fact, many people asked me questions about how I had done it and how anyone else could do it.


  • Please rate how meaningful the work you were doing was
  • 5/5

    Support & Guidance

  • 4. How much support and guidance did you receive during your placement / internship?
  • I would say that the support I got during my internship and during my project was definitely enough and in the quantity that I requested. It was a good balance of me having my own freedom to explore different routes to go down and develop my project and also my line manager always being available to help me with any questions or issues I was facing. Regular feedback sessions also meant that I had the chance to improve on the way.


  • How would you rate the support and guidance from your line manager?
  • 5/5

  • How would you rate the support and guidance from the wider team?
  • 5/5

    Culture

  • 5. What was the company culture and general atmosphere like?
  • The general atmosphere was very good and friendly. Everyone was really welcoming and tried to make me a part of the team and in fact, I felt like that throughout. There were regular socials and even a summer party for the whole directorate. I felt like team building and fostering an accomodative working environment was a very high priority for management and that was reflected in the way people interacted with one another, overall very positive.


  • How would you rate the inclusiveness of the culture?
  • 5/5

  • How would you rate the social opportunities?
  • 5/5

  • How would you rate the diversity initiatives?
  • 5/5

  • How would you rate the charity, sustainability and corporate social responsibility (CSR) initiatives?
  • 5/5

    Your Impressions

  • 6. To what extent did you enjoy your placement / internship?
  • I thoroughly enjoyed my internship and in fact, I applied for a full time position. The outcome of that application is not known to me at this point given the Bank has quite long time periods when it comes to fast tracking interns to the graduate program. It was a very good experience and a great addition to my economics degree. It really showed my how a future job for me could look like and I am very glad I had the opportunity to do the internship.


  • Please rate your level of enjoyment on your placement / internship
  • 5/5

  • Please rate how your experience met your expectations
  • 5/5

  • Please rate the future employment prospects at Bank of England
  • 4/5

  • 7. Would you recommend Bank of England to a friend?
  • Yes


  • 8. What advice would you give to others applying to Bank of England
  • I would say try to learn as much about the Bank of England as possible and make sure you understand what drives their initiatives / workstreams. This is especially applicable to the area of the Bank of England you are applying to. You should definitely have some good industry knowledge and general macroeconomic background. What also helps is relating your own experiences to the values the Bank has and seeing where you could fit in and how.


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Details

Internship (1-4 Months)

Economics

Central London and City

21st October 2021


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