Internships/Sponsorships
The Bank of England offers highly attractive internship and sponsorship programmes with an excellent opportunity to work in an environment which directly contributes to the UK’s economy. The sponsorship scheme also offers outstanding financial benefits to students who are intending to embark on postgraduate study in economics and/or finance.
Insight Week
This is a unique programme which offers first year university students the opportunity to gain an insight into the workings of the UK’s Central Bank. During the week you will get the chance to meet other undergraduate students, hear from senior people at the Bank and take part in business exercises, team building games and personal development sessions. You will also learn about the important role graduates play at the Bank of England. The Insight Week is open to first year students (and second year students studying a four year course) from all degree disciplines. To qualify you will need a minimum of 300 UCAS points in your first three A Levels (excluding General Studies). Although the Insight Week is unpaid we will reimburse travel expenses and provide accommodation if necessary.
Insight Week will run during the Easter vacation 2009.
Post-graduate Sponsorship Scheme
We offer postgraduate internships and sponsorship to students who are looking to undertake postgraduate study in economics and/or finance, before joining the Bank. Students who are successful during the selection process will be offered: a 6-8 week internship during the summer after graduation for which they will be paid £85 per day; and sponsorship of MSc/MPhil fees for 1 year (or 1 year of a 2 year course) in either economics and/or finance, to be studied in the UK. Postgraduate job offers to join the Bank (after completion of postgraduate studies) and payment of £11,250 living expenses will be made to outstanding performers at the end of the summer internship. This scheme is subject to a number of conditions which will be made clear when a sponsorship offer is made.
Penultimate Year Intenships
We also offer 6-8 week undergraduate internships during the summer for first degree students in their penultimate year. We pay £65 per day for the duration of the internship. Outstanding performance during the internship may be rewarded with an offer to join us as a graduate entrant on completion of your degree.
The main focus of your summer will be an individual research project. The range of projects is broad but will involve collecting and analysing data and working closely with economists and analysts. Previous projects have included: the relationship between the housing market and consumption; and alternative trading systems in equity markets.
In addition you will have the opportunity to attend a variety of high-profile meetings and you may observe the pre-Monetary Policy Committee and pre-Financial Stability board. Seminars are also often given by prestigious academic speakers.
The application deadline for penultimate year internships and the post-graduate sponsorship scheme is November 28th 2008 at 5pm.