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Salary Interview Tips Working Hours Best & WorstWhat are the best and worst things about your job?
Great colleagues, atmosphere and working environment
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I find it rewarding that the work my team does has a positive impact on the wider financial sector. The culture of my team is really friendly and welcoming.
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The exposure to certain topics and people at a senior level is something that is hard to get elsewhere.
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There is a lot of support available for wellbeing with an in house counselling service, a gym, there is also a lot of different communities such as the Wellbeing community, LGBTQ+, religious communities that offer support and events thoughout the year
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Interesting nature of work with great responsibility given even at entry level. Supportive environment for career progression and learning, both professionally and academically. Flexible working hours also available as an option.
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work/life balance
colleagues
interesting/important work
What are the best and worst things about your job?
Great work/life balance and access to internal training
Read moreWhat are the best and worst things about your job?
Great culture and environment to be working in
Read moreWhat are the best and worst things about your job?
You get exposed to the highest level of seniority on equal footing at an early stage in your career. This gives you a lot of confidence and insight into what happens at the top.
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Feels important and makes a difference. Engagement with stakeholders and oppurtunities to develop
Read moreWhat are the best and worst things about your job?
Work life balance
Enjoyable work
Good office culture
Good oppurtunties and progression
What are the best and worst things about your job?
nice work life balance
nice people
fairish pay / benefits (at a junior level)
hybrid
What are the best and worst things about your job?
I am enjoying learning about IT infrastructure and I find the work enjoyable.
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Enjoyable work and a clear progression plan/route.
Managers show support and help towards our progression
What are the best and worst things about your job?
great work environment , lots of surport , good pay,
Read moreWhat are the best and worst things about your job?
The work is important and you get stuck in with it. There is a fantastic importance placed on work-life balance. Good benefits scheme. People are all very supportive and understanding of the study you have to do alongside the work.
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Training on offer and flexibility with role
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Great culture and highly supportive management.
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Responsibility and being able to feel like I am contributing to something really meaningful.
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A lovely team and colleagues around me who are incredibly supportive
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Progression opportunities. I have the opportunity after completing my apprenticeship to go on and do further qualifications, with my employers support.
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I am given opportunities to work with other areas of the Bank and help carry out key functions in maintaining economic stability. The vast amount of data we use also allows me to implement skills, knowledge and behaviours from the apprenticeship studies into the workplace environment which helps be advance and improve both my work and my studies.
I also have opportunities to engage with external stakeholders allowing me to develop strong communication skills and represent the Bank externally.
What are the best and worst things about your job?
Amazing work-life balance, great opportunities for progression, very relevant and impactful work
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The culture and colleagues are my favourite aspect of my job. Many people have been happy to help me and they have all made me feel very welcome. This is consistent throughout all levels of staff.
Read moreWhat are the best and worst things about your job?
Work life balance and the benefits packages.
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Bank of England
Average start time: 9:00
Average end time: 17:00
Average number of working hours: 8
Based on 181 reviews
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Interview Advice:
There is lots of educational information on the Bank website to better understand what it does.
Analyst, Data & Statistics, Data and Analytics at Bank of EnglandRead the full review »
Application Advice:
Understand the Bank's core mission and the number of different ways they achieve/work towards this mission. Also understand how/why their mission resonates with you and why it entices you to work there.
Supervisor, Regulation at Bank of EnglandRead the full review »
Interview Advice:
Making obvious that you've researched the Bank and what each of its divisions do is crucial.
Graduate Analyst, Supervisory Risk Specialists at Bank of EnglandRead the full review »
Application Advice:
Read articles from The Economist and the Financial Times to get a good understanding of the economy. Be positive throughout the application process and just do your best.
Interview Advice:
Make sure to have a wide knowledge and understanding of the financial sector, as there will be lots of questions on this. Also research the functions of the Bank of England and the role it plays in the economy.
Analyst, Data & Analytics at Bank of EnglandRead the full review »
Application Advice:
Be open and honest, you don't have to know everything about finance or economics. The bank is looking for how you work and solve problems and how you can bring something different with way of thinking and add to the banks culture
Auditor, Risk and Internal Audit at Bank of EnglandRead the full review »
Application Advice:
Focus on the Bank's purpose and the behaviours they want to promote. Do not think too much about your technical abilities and highlight your curiosity for all parts of the Bank as well as your ability to learn.
Interview Advice:
Focus on the behaviours the Bank would like to see exhibited and recall times in your life where you have displayed these. Also think about how your experiences tie into the Bank's purpose.
Supervisor, Insurance Division at Bank of EnglandRead the full review »
Application Advice:
It is a long application be ready to put a lot of information and don't be afraid to speak from the heart
Interview Advice:
Many people think during group work that they need to be the one speaking the most, but that isn't correct in a group work setting you need to show how you work as a team, ask for input of people speaking less, centre the conversation back to the task and be kind and respectful of everyone's opinions
Testing Analyst, Technology at Bank of EnglandRead the full review »
Application Advice:
Relevant knowledge about the bank
Interview Advice:
Be confident and yourself
Data Analyst, Supervisory Risk Specialists at Bank of EnglandRead the full review »
Application Advice:
Do your research!
Do not overthink the exercises, they are proportionate and realistic. They are not there to trick you, but to bring your best work out of you.
Interview Advice:
Do your research!
Policy Analyst, PRA at Bank of EnglandRead the full review »
Application Advice:
Be yourself! The Bank is not looking for a certain type of person. Try and get your genuine personality to shine through
Interview Advice:
Be yourself! The Bank is not looking for a certain type of person. Try and get your genuine personality to shine through
Supervisor, Supervision at Bank of EnglandRead the full review »
Application Advice:
Be clear on the role of the Bank of England (ie it isn't a commercial Bank). There will be many well qualified applicants, so aim to set yourself apart by your knowledge of what the Bank has been doing recently and why that interests you - along with all of the standard tips of selling yourself well.
Interview Advice:
Be clear on the role of the Bank of England (ie it isn't a commercial Bank). There will be many well qualified applicants, so aim to set yourself apart by your knowledge of what the Bank has been doing recently and why that interests you - along with all of the standard tips of selling yourself well.
Data Analyst, Data and Statistics Division at Bank of EnglandRead the full review »
Interview Advice:
Show passion for the Bank in your interview and really understand what the Bank does and why it benefits the country and local communities.
Trading Desk Dealer, Markets at Bank of EnglandRead the full review »
Application Advice:
Apply early. Spend some time on the application questions, but don't think about it for days.
Interview Advice:
Use the STAR method on competency questions. Think about the Bank's missions and values when answering questions.
Supervisor, Supervision at Bank of EnglandRead the full review »
Application Advice:
Be honest and clear, try not to complicate things but highlight achievements
Interview Advice:
Think before you answer. Prepare your strengths, weaknesses, motivations and background knowledge for the industry well enough
Data Analyst, Regulatory Data group at Bank of EnglandRead the full review »
Application Advice:
Thoroughly complete the application, take an interest in the Bank and what it does.
HR Analyst, HR at Bank of EnglandRead the full review »
Application Advice:
Read up on what the Bank of England's role is in the economy and the UK as a country.
Analyst, International Banks Supervision at Bank of EnglandRead the full review »
Application Advice:
Become aware of the Bank's objectives and priorities and read some of the articles available on the Bank's public website.
Interview Advice:
Take time to think before answering a question, structure answers using STAR (Situation, Task, Action, Result), highlight any additional Bank-related reading that you did and found interesting.
Bank of EnglandRead the full review »
Application Advice:
Read about the Bank (website, working papers/policy documents for area you are interested in) and prepare for both competency and technical questions.
Interview Advice:
Technical questions like: How would you model mortgage default rates? What do you think the impact of having both the financial stability and monetary policy at the Bank of England is?
Analyst, at Bank of EnglandRead the full review »
Application Advice:
Study up on what the Bank of England does - it's quite a unique institution with its own distinct objectives and role in the economy!
Interview Advice:
Make sure you understand what the different parts of the Bank do and how they interact with other institutions.
Supervisor, at Bank of EnglandRead the full review »
Application Advice:
Do some research on the different areas within the Bank before you apply and make a shortlist of areas you'd like to work in. Once you know what kind of issues they work on/questions they are working to answer, you can better write an application that will make those areas want to interview you. The Organisation Chart which details the different divisions and directorates in the bank is available under "Who We Are" on the Bank of England website (see "Related Links").
Research the areas you're interested in. What does 'success' look like for that area? What questions do they need to answer in order to succeed in their objectives? What challenges might there be in answering those questions and/or achieving their goals? What recent work do you know they've done? Doing this is doubly important when you know which area is interviewing you.
Bank of EnglandRead the full review »
Application Advice:
Be prepared for a variety of challenges.
Be proactive and research your ideal team, job role and what the aim of the Bank is.
Include all your volunteering, your self development plans and achievements, discuss sports, hobbies and any future passions.
Great place for team players who have a variety of views and skills.
Interview Advice:
Why the Bank?
Why Technology - Security?
What do you aspire to be?
How would you make this technical information easy to follow for a non technical audience?
What are your views on information security - is it up to the individual or the organisation to handle?
Read the full review »
Application Advice:
Humble and curious.
Analyst, Financial Stability at Bank of EnglandRead the full review »
Application Advice:
Remember that you are applying for a company not driven by profit, but to generate the greatest good for the public.
Interview Advice:
Learn some economics, or read the FT.
Analyst, Statistics and Regulatory Data at Bank of EnglandRead the full review »
Application Advice:
Look at current issues for the UK economy and the Bank's place in it. You don't need technical knowledge, but a high-level knowledge of something like how Brexit will affect the Bank's work would be useful.
Interview Advice:
Be positive and engaged.
Associate, Prudential Regulation Authority at Bank of EnglandRead the full review »
Application Advice:
Be able to demonstrate your motivations for wanting a place on the graduate scheme and understand the role of the Bank. Prepare carefully for each stage of the application process.
Bank of EnglandRead the full review »
Application Advice:
Consider how you demonstrate the Bank's values and try to make your examples as varied as possible.
Interview Advice:
Research the institution and understand how we differ (as a central Bank) from other banks.
Consider how you demonstrate the Bank's values and try to make your examples as varied as possible.
Read the news in order to understand what is going on in the world and what we are doing to react to these events.
Read the full review »
Application Advice:
Learn about the organisation. Be enthusiastic and consider the soft skills (not just the technical knowledge) that would be necessary to work in this high performance, public sector institution.
Interview Advice:
Relax. Beyond learning about the Bank's core functions and headline issues, do not worry about displaying intense knowledge. Focus on adapting to the questions and tasks as they emerge. There is a limit to how much these can be anticipated.
Analyst, International Banks Directorate at Bank of EnglandRead the full review »
Application Advice:
Show an interest in a large range of economics, not just role specific.
Bank of EnglandRead the full review »
Application Advice:
Practise psychometric tests, be very careful in analytical test and take your time.
Interview Advice:
Have a good answer to why you specifically want to work in the central bank, understand the purpose and function of the bank.
Analyst, Statistics at Bank of EnglandRead the full review »
Application Advice:
Make sure you spend time preparing, especially for the latter stages and assessment centre. There are some good books that can help including 'The Money Machine' which gives an oversight into how the City works and the Banks role within that.
Interview Advice:
Make sure you display that you are open and honest. The Bank are not looking for experts but good people who are willing to learn.
Supervisor, Prudential Regulation Authority at Bank of EnglandRead the full review »
Application Advice:
You do not need to be an economist or from a "traditional" background, you just need to have a desire to work for an organisation who do difficult work to promote the public good, and the resolve to make the best of challenges.
Interview Advice:
The questions I was asked seemed tailored to my level of technical knowledge, so do not be scared of being asked questions on subjects you don't know much about!
Analyst, Financial Stability at Bank of EnglandRead the full review »
Application Advice:
Firstly, decide what you would like from your first graduate job and career and see if these align with roles at the Bank of England. Attending open days and career events are also useful in understanding the working culture of the Bank.
Interview Advice:
Be well prepared, relax and remember that you are also interviewing them. This is an opportunity to test if this is the environment you would like to be a part of and join.
Analyst, Stress Testing at Bank of EnglandRead the full review »
Application Advice:
Pay particular attention to the skills that are more unique to you and make you stand out.
Interview Advice:
Be confident, and don't be afraid to say you don't know the answer to technical questions - far better to move on and talk about something you do know, than to waffle about something you have no idea about.
Analyst, International Banking Supervision at Bank of EnglandRead the full review »
Application Advice:
Make sure your values and working behaviours match the firm's.
Interview Advice:
The Assessment Centre focused a lot on group activities.
Supervisor, UKDT at Bank of EnglandRead the full review »
Application Advice:
I think the reason I got the job was that I was passionate about wanting to make a difference to wherever I went, but especially if this would help promote the public good. I made it clear that I wanted to work in a public sector organisation and why I wanted to do so.
It's also worth revising what the Bank of England actually does - there are actually a huge number of directorates performing different tasks to try and keep the economy well-functioning, try and find out more about the one you are interested in.
Thirdly it's perhaps worth looking at what the Bank is currently worried about. In my video interview they asked what I thought were two of the biggest risks to the UK economy - I said Brexit and the potential for an oil price spike. I was right on at least one!
Read the full review »
Application Advice:
Do your research on the Bank, our mission, what we do and our values, as well as current news, debates, issues and developments in central banking and financial regulation. Does all of this match your interests?
Prepare for each stage of the application process as much as you can. Try your absolute best and don't give up.
Interview Advice:
Same as above. You need to show a deep understanding of the Bank and the work we do. And don't forget about researching and really understanding our values and strategy.
Be yourself. The Bank highly values diversity and inclusion which is at the core of its strategy and work culture. Demonstrate your skills, strengths and characteristics that are true to you and, most importantly, show drive and enthusiasm to learn, develop and stretch yourself even further.
Share your passion with the Bank's mission and values, and be open to share your knowledge in this friendly, intellectual and collegiate work environment.
Graduate HR Analyst, Human Resources at Bank of EnglandRead the full review »
Application Advice:
Ensure you have good knowledge of current trends in finance and economics, if only at quite a basic level.
Bank of EnglandRead the full review »
Application Advice:
Learn about the background of the Bank of England.
Data Analyst, Data Collection at Bank of EnglandRead the full review »
Application Advice:
Research the Bank well and the different divisions. Have an idea of which area you would like to join. Be confident and be yourself.
Interview Advice:
Have an understanding of what the Bank does and know about the British economy and current affairs. Be ready to discuss your strengths and hobbies.
Insurance Supervision Analyst, General Insurance at Bank of EnglandRead the full review »
Application Advice:
It's all about being a person with morals, ethics and a consistent approach to work. Being a team player, looking to problem solve and thinking outside the box are definitely attributes that are appreciated at the Bank of England.
Interview Advice:
Questions are very broad and require a structured answer. They also want you to link answers together, for example.
What are the biggest IT security risks the financial sector faces? Are these the same as the Bank of England's IT security risks?
Read the full review »
Application Advice:
Sound economic understanding
Understanding of Central Banking
Interest in public service
Being yourself
Read the full review »
Application Advice:
Research the company.
Interview Advice:
Understand the role you are applying for.
Research Assistant, BUILD at Bank of EnglandRead the full review »
Application Advice:
Understand the Bank's role in the economy, current issues etc. Try and get some specific information about different areas of the Bank rather than focussing on the main monetary and financial stability objectives.
Analysis, Banking at Bank of EnglandRead the full review »
Application Advice:
Ensure you know the functions and organisation of the Bank well, and know what a central bank really does. Do your research- this won't be covered properly in an econ, finance masters. There is a lot more to the Bank than a monthly interest rate decision.
Interview Advice:
Be personable and collaborative and know the area you are applying to as best as you can.
Analyst, Customer Banking Division at Bank of EnglandRead the full review »
Application Advice:
Do not make it seem like you're in it for the money.
Be knowledgeable of goings on in the markets / economic world.
Interview Advice:
Don't be afraid to take your time to think about answering a question - as long as you answer the question and your answer makes sense.
Analyst, Statistics and Regulatory Data at Bank of EnglandRead the full review »
Application Advice:
Use it as an opportunity to make yourself unique; to stand out amongst the thousands of other applicants that will have the same/similar qualifications.
Interview Advice:
Be yourself, be genuine, and reveal your thought process.
Research Assistant, Financial Market Infrastructure at Bank of EnglandRead the full review »
Application Advice:
Do your research on the Bank and how it contributes towards maintaining the financial and monetary stability of the UK economy. This will show your interest in the sector.
Interview Advice:
Be yourself and use the STAR method of answering questions even if the content is not immediately relevant.
Data Scientist, Data Analytics at Bank of EnglandRead the full review »
Application Advice:
Read the Bank's website and current developments in advance. Do some research on the various areas of the Bank and their key priorities.
Economist, Governance at Bank of EnglandRead the full review »
Application Advice:
Be honest, be friendly and approachable - they look for personality as well as knowledge. Use different examples for each question, don't repeat yourself.
Interview Advice:
Research the Bank of England before hand, show you know the information about the structure of the Bank and the Bank's "pillars". There is an excel test, so brush up on simple excel. The group exercise is simple, just don't overshadow anyone and try and include every member of your team. The interview is relaxed, don't worry too much. There are two interviewers, one from HR who will ask the comprehensive questions, such as "tell me a time when you... (were a team player)" etc.
Research Assistant, Monetary Analysis at Bank of EnglandRead the full review »
Application Advice:
Be intelligent and prepared to argue your case.
Economist, at Bank of EnglandRead the full review »
Application Advice:
Research the Bank's aims and mission.
Analyst, Banking Division at Bank of EnglandRead the full review »
Application Advice:
There is nowhere better to learn, so long as you are self-motivated and do not rely on others.
Interview Advice:
Think about what the BoE does.
Know the roles of the FPC and MPC.
Understand the role of the Resolution Directorate.
Be able to explain QE at a high-level.
Read the full review »
Interview Advice:
Try to have an opinion on the issues currently facing the UK economy and how these affect the Bank.
Analyst, at Bank of EnglandRead the full review »
Application Advice:
The Bank is not looking for fully accomplished Economists - it is looking for enthusiastic individuals with the right skillsets to help the Bank progress against its objectives. Think about how your skills fit in with the skills and competencies which the Bank is looking for.
Interview Advice:
As well as having well practiced competency answers, you should know a bit about the Bank's objectives and some recent news which affects it. Whilst you are not expected to be experts on the Bank's current Monetary Policy, you should at least know some of the key strands of work at the Bank and some areas of recent global news which might affect our work at the Bank.
Supervisor, Insurance Supervision at Bank of EnglandRead the full review »
Application Advice:
Understand the breadth of responsibilities the Bank of England has currently and how that has changed.
Economist, Monetary Analysis at Bank of EnglandRead the full review »
Application Advice:
Framing recent policy initiatives in the context of the Bank's monetary and financial stability objectives is key to a strong application.
Policy Analyst, Payments at Bank of EnglandRead the full review »
Application Advice:
Know why you want to work for the Central Bank and what is unique about it.
Associate, Investment Banks, PRA at Bank of EnglandRead the full review »
Application Advice:
Have a strong interest in economics and finance.
Analyst, FSSR at Bank of EnglandRead the full review »
Application Advice:
Take the application seriously and be specific to the bank. Know the many roles that the Bank has.
Interview Advice:
Really, really know your economics.
Economist, International at Bank of EnglandRead the full review »
Application Advice:
Apply! It's far more accessible than you think and you do not need to be the next prize winning economist to enjoy your work here. I never considered that I would be lucky enough to work at an institution that has a significant influence on both the domestic and international economy. Projects you work on are in the news and that for me at the age of 22 is incredibly exciting.
Interview Advice:
You need to know about the Bank of England, what we do, our policy responsibilities and why you want to be part of the institution. Also be aware of what is going on in the news, in particular with the economy.
Analyst, Resolution at Bank of EnglandRead the full review »
Application Advice:
Research about everything that the Bank does at the start of your application and don't just think that we make the interest rate. Come with an open mind as there is such a wide range of teams and roles, and be aware that if you work at the Bank for a while you will have opportunities to work in a number of these.
Interview Advice:
I was asked a combination of technical and competency questions, along with those surrounding my motivations for applying to the Bank. Be prepared to be pushed in the technical side as the chances are they will ask you things which you are not expected to know - it's how you respond and how you think, that they are interested in. Try to be yourself and show that you would be a good person to work with - be friendly, relaxed etc. Touch up on the maths skills and they may throw a question out there such as 'how many computers are there in the UK?' so be ready for that sort of question.
Research Assistant, Banking Structural Reform at Bank of EnglandRead the full review »
Application Advice:
Be positive! Know the Banks strategic goals and apply them to yourself and the role you are applying for.
Interview Advice:
Read published Bank documents.
Keep up to Date with the financial/world news.
Understand what it is the Bank does.
Read the full review »
Application Advice:
Be very precise and concise with your written answers - this is a skill valued at the Bank. The Bank's grad programme isn't about finding amazing economists, so don't pretend to know more than you do. They're looking for a whole range of skills, so show off what your skills are, not what you think they want to see.
Interview Advice:
Be yourself - the Bank are looking for well-rounded individuals. Make sure you can back up any point you make with lots of evidence. They may throw in a few difficult questions, but this is just to see how you handle it - there isn't necessarily a 'right' answer.
The Bank is a very polite organisation - they're not looking for people who would tread all over anyone to succeed, so don't see any Assessment Centre as a competition - treat those around you with respect and work with them to achieve the best outcome for all of you.
Read the full review »
Application Advice:
Honesty and show values. Personal skills. Good technical knowledge and willing to learn.
Research Assistant, COO Unit at Bank of EnglandRead the full review »
Application Advice:
Brush up on basic economics/finance and keep up to date with what the Bank does and any finance/business news in case there are technical questions at interview.
Make the most of the insight and taster days the Bank offers, as well as any talks/stalls at your university.
Analyst, Operational Risk at Bank of EnglandRead the full review »
Application Advice:
Ensure you have a good understanding of what the Bank does. Stay abreast of current affairs. Be genuinely interested in a career in public sector work.
Supervisor, Insurance at Bank of EnglandRead the full review »
Application Advice:
Really understand what the Bank does. That doesn't mean thinking back to your first year economics modules, but rather research the Bank, all of its roles and what it has/is doing at the moment. Other than that, stay calm and try to show your personality. Everyone can show they are smart enough for the job, but few can show that they're a nice/interesting/generally not an annoying person to work with.
Risk Analyst, Markets at Bank of EnglandRead the full review »
Application Advice:
- Read your application thoroughly before submitting it.
- Don't be afraid to state your opinion in response to questions.
- Research the area of the Bank that you want to go into.
Interview Advice:
- Remain calm and composed at all times.
- Don't be afraid to challenge the Bank's methods.
- Don't be afraid to state your opinion when responding to questions.
- Be aware that moral practices are respected at the Bank.
- Show your personality when a
Read the full review »
Application Advice:
Think about all the different things the Bank does - it may be the case that you are exclusively interested in e.g. Monetary Analysis but only commenting on the various aspects of MA within your application could suggest you are unaware of the many other important aspects of the Bank's work, which will count against you.
As with all applications, do your research - visit the Bank's website and read about the current issues which it is facing and incorporate those into how you fill in your application.
Interview Advice:
The Bank puts a lot of emphasis on collaboration, so bear in mind in the Group Assessment that how you interact with other members of the Group is just as - if not more - important than individual performance/ideas/opinions in whatever the Group task is.
Analyst/Supervisor, Insurance Supervision at Bank of EnglandRead the full review »
Application Advice:
Read up on the Bank's strategic plan and its values, and try to think about how you might want to put them into practice in your work, as well as using them when deciding what experience to emphasise. Despite a relevant degree, I had no relevant work experience when I applied - all the experience that I did have was in charity or education, but I think my strong sense of ethics came through in interview and that impressed them!
Interview Advice:
The interview process has changed completely since I applied; so all I can say is do your best and try not to get too nervous. Nobody is trying to trip you up, just relax and be your best self!
(Also, don't talk over people in the group tasks.)
Analyst, Supervision at Bank of EnglandRead the full review »
Application Advice:
Make sure you do some thorough research into the organisation, its subsidiaries, its structure, its directorates (especially the one/s you are interested in) and also make sure you know what the Bank has been talking about lately (read the annual report, quarterly bulletin articles, Bank Underground, etc.). Make sure you are really interested and enthusiastic before applying.
Interview Advice:
Knowing what the Bank is up to, what projects it is working on, what it has been talking about is key. The quarterly bulletin articles would be a good place to start, follow the Bank on twitter, look at Bank Underground articles, etc.
Research Assistance, Banking, Payments and Financial Resilience at Bank of EnglandRead the full review »
Application Advice:
Identify the key areas of interest within the Bank.
Interview Advice:
Read through the material available only, such as the Inflation Report, Quarterly Bulletin, and MPC minutes.
Economist, Prudential Policy at Bank of EnglandRead the full review »
Application Advice:
Don't think you'll join and never want to leave
Associate, Insurance Supervision at Bank of EnglandRead the full review »
Application Advice:
Take an interest in the economy in general and financial services in particular
Ensure that you understand what the Bank of England does
Think about what role you would like to take up in the Bank and what issues you would work on in that role
Interview Advice:
Competency based so ensure you have good examples to reference
There are some more technical questions but they mainly concern the role of the Bank and broad questions about the financial crisis.
Read the full review »
Application Advice:
Show your interest, think thoroughly on every question
Supervisor, Banking Supervision at Bank of EnglandRead the full review »
Application Advice:
Research which area and speciality you would like to enter so that you have a basic idea of which direction you want to start your career in.
Interview Advice:
- Come prepared with examples of previous work/study scenarios
- Prepare a few of your own questions as they will definitely ask you if you have any. This will show that you are interested in the role.
Read the full review »
Application Advice:
Be yourself, ensure that you have a good basic knowledge of the scope of the PRA and Bank's activities in financial markets. Take care in the presentation of your application in its language and flow.
Interview Advice:
Be enthusiastic
Associate, Structure Finance – Credit Risk at Bank of EnglandRead the full review »
Application Advice:
Don't try to cut and paste from other applications; and think about making your answers original. Also, there is no requirement to have ANY banking experience; just need to understand the role of the central bank.
Interview Advice:
The questions will be tailored to your skill set. The interview process is quite relaxed.
Analyst, Payment Services at Bank of EnglandRead the full review »
Application Advice:
Understand the work of the Bank and PRA, and the upcoming challenges
Learn or revise basic economic concepts and terms even if you are not an economist (most importantly monetary policy)
Understand that the Bank wants to hire people who are competent and efficient but who are also public-minded
Graduate, at Bank of EnglandRead the full review »
Application Advice:
Read around what the Bank does/recent news about the bank before completing your application
Don't be put off if you are not an economist
Read the full review »
Application Advice:
Be aware of general economic issues, and also recent developments in BoE and international policy.
You don't need to have a background in finance or economics for a non-economist application, but be prepared to learn on the job.
Analyst, Regulatory Data Group at Bank of EnglandRead the full review »
Application Advice:
Research the Bank of England's core purposes and key pillars. Reading externally procuded publications, such as the FSR, Inflation Report, MPC minutes.
Analyst, Statistics and Regulatory Data Division at Bank of EnglandRead the full review »
Application Advice:
Take time to go through the Bank's website to understand the Bank's core purposes and how a central bank differs from other banks.
Interview Advice:
Make sure you understand the fundamentals of central banking. Questions I was asked included: Do you think Scotland should maintain a currency union with the UK if it gains its independence? What is the future of the Bnka of England?
Risk Analyst, Risk Management at Bank of EnglandRead the full review »
Application Advice:
IT is a provider service to the rest of the Bank, so any customer service experience you can mention would be useful.
Interview Advice:
Interviews are done by 2 people, 1 will focus on technical skills, the other on soft skills and example based questions, eg. tell me of a time you lead a team...
Developer, Development Area at Bank of EnglandRead the full review »
Application Advice:
Ensure you are up to speed with current affairs in finance, economics and central banking.
Interview Advice:
I was asked questions aimed at checking I could work through transmission mechanisms. e.g. Why does the BOE care about house prices?
Analyst, Financial Stability at Bank of EnglandRead the full review »
Application Advice:
Take a lot of care and attention when filling out the form- try to demonstrate you know about current policy issues.
Central Services at Bank of EnglandRead the full review »
Application Advice:
Applications are to the Bank/PRA and not to specific divisions or roles. Read up on the Bank's core purposes and general economics.
Interview Advice:
For non-economists, the interview was half competency based and half technical. Technical questions included questions on inflation, interest rates, core purposes, the concept of money.
Analyst, Statistics and Regulatory Data Division at Bank of EnglandRead the full review »
Application Advice:
You need to be self driven and be willing to continously develop both your technical and soft skills otherwise you may not fit well into the culture of the bank. This is not to say that you do not receive a lot of support because you do but to be exceptional you need to hunger for knowledge.
Interview Advice:
It may be cliche to say 'be you', but honestly 'BE YOU' and express yourself. Do not limit yourself, as I mentioned above the culture of the Bank is more attuned to people who express their views so that we continously look to challenge current processes and philosophies to better assist in delivering the Bank's objectives.
Developer, ISTD at Bank of EnglandRead the full review »
Application Advice:
Be specific about what skills you will bring to the role. Use specific detail when answering the questions testing knowledge about the economy.
Interview Advice:
Questions related to the wider economy are likely to come up e.g. related to Eurozone crisis (though that was two years ago).
Analyst, Banking at Bank of EnglandRead the full review »
Application Advice:
Prepare well for competency questions.
Interview Advice:
Mixture of competencies (STAR analysis) and understanding of the role of the Bank of England in the economy.
Analyst, at Bank of EnglandRead the full review »
Application Advice:
The Bank website has a wealth of resources about what it does and latest speeches etc. Definitely suggest reading before applying.
Interview Advice:
Read the Bank website. Know roughly where you want to work in the Bank - it matters.
Analyst, Special Resolution Unit – Policy Team at Bank of EnglandRead the full review »
Application Advice:
Make sure your application is specific and relevant. The Bank is looking for people who will truly enjoy their time here and make a career. Make sure your passion comes through and that you convey your research and knowledge. Try and go ‘over and above’ in your application; consider what would impress you if you were considering applications?
Interview Advice:
Ask questions of the interviewers. If you want to demonstrate that you understand the business and that you are genuinely interested then now’s the time to find out more!
Associate, Insurance Regulation at Bank of EnglandRead the full review »
Accountancy and tax technician, Business Partnering at Bank of England View » Research Assistant, Data at Bank of England View » Professional Economist, Prudential Policy Directorate at Bank of England View » Digital Technology Solutions, IT Infrastructure at Bank of England View » Assistant Supervisor, UKDT at Bank of England View » Lvl 6 Data Science, DAT at Bank of England View » accounting and tax, finance at Bank of England View » Data Analyst, Data and Technology at Bank of England View » Data Science Degree Apprenticeship, PRA at Bank of England View » Assistant Policy Analyst, FSSR at Bank of England View » Professional Economist Degree Apprenticeship, Financial Risk Management Division at Bank of England View » Senior Research Assistant, FSSR at Bank of England View » Assistant Policy Analyst, Financial stability at Bank of England View » Test Data Lead, Testing at Bank of England View » Professional Economist, Climate Hub at Bank of England View » Apprentice Tax Technician, Finance at Bank of England View » Data Science Degree apprenticeship, Data and Statistics Division at Bank of England View » Data Science, Financial Stability Strategy and Risk at Bank of England View » Data Analyst Apprentice, Insurance at Bank of England View » Economist, PRA at Bank of England View » Apprentice, Apprentice at Bank of England View » Apprentice, Accounts at Bank of England View » Developer Apprentice, at Bank of England View » Apprentice, at Bank of England View » Apprentice, at Bank of England View » Apprentice -Test Analyst, Test practice at Bank of England View » Data Administrator, Chief Data Office at Bank of England View » Apprentice, at Bank of England View » School Leavers Programme, Technology at Bank of England View » Level 3 Business and Administration Apprentice, Testing at Bank of England View » Apprentice – Senior Data Administrator, Statistics And Regulatory Data Division at Bank of England View » Apprentice – Research Assistant, SRDD at Bank of England View » Advanced Apprenticeship in Business Administration, Collateral Management & Custody at Bank of England View » Senior Data Administrator, Statistics and Regulatory Data Division at Bank of England View » Level 3 Diploma in Business and Adminitstration, Statistics & Regulatory Data Division at Bank of England View »
Best:
Opportunity to study a masters
Analyst, Data & Statistics, Data and Analytics at Bank of EnglandRead the full review »
Best:
The name/support opportunities are unparalleled, as is the work/life balance
Worst:
Slow career progression, slow pace of work
Graduate Analyst, Supervisory Risk Specialists at Bank of EnglandRead the full review »
Best:
The culture
Analyst, Data & Analytics at Bank of EnglandRead the full review »
Best:
Culture
Worst:
Stigmatism of hierarchy
Auditor, Risk and Internal Audit at Bank of EnglandRead the full review »
Best:
Your colleagues are usually very smart and you can have intellectually stimulating conversations. You also have access to data and people that you would not elsewhere.
Worst:
The organisation is not as dynamic as the private sector, so change can be a bit slow culturally.
Supervisor, Insurance Division at Bank of EnglandRead the full review »
Best:
I feel like I am making a difference and helping the economy of the United Kingdom which is incredibly gratifying
Worst:
They refuse to make certain changes that would benefit employees due to not wanting to be seen as taking a political stance. This means our company is constantly behind and reluctant to change that is key in an constantly changing world.
Testing Analyst, Technology at Bank of EnglandRead the full review »
Best:
Important job to do for the UK economy
Worst:
N/A
Data Analyst, Supervisory Risk Specialists at Bank of EnglandRead the full review »
Best:
work life balance, good colleagues, sponsored data science masters.
Data Scientist, ARTIS at Bank of EnglandRead the full review »
Best:
The people
the benefits
the culture
Read the full review »
Best:
Great culture and people
Worst:
Pay during the grad scheme but better afterwards
Trading Desk Dealer, Markets at Bank of EnglandRead the full review »
Best:
Unique insight into topics that you don't get elsewhere. Ability to move within departments easily. Good work-life balance. Flexibility in the way you work.
Worst:
Remuneration compared to similar jobs in the private sector.
Supervisor, Supervision at Bank of EnglandRead the full review »
Best:
Work environment and work life balance. Bank values and stability
Worst:
Salaries not matching to private sector
Data Analyst, Regulatory Data group at Bank of EnglandRead the full review »
Best:
Good reputation, work colleagues, governance, work/life balance, flexibility
Worst:
Career progression, salary
HR Analyst, HR at Bank of EnglandRead the full review »
Best:
good flexibility and work life balance, job security, reputation (good on cv)
Worst:
repetitive work, not very exciting, slow and outdated organisation, poor pay, progression is very politically driven
Analyst, International Banks Supervision at Bank of EnglandRead the full review »
Best:
Working environment
Worst:
Bureaucratic
Bank of EnglandRead the full review »
Best:
Very supportive organisation that looks after its employees and seems to genuinely care about their well-being
Worst:
There has been a sustained drive to bring down benefits and pay in recent years, which has hit the newest recruits the hardest
Supervisor, at Bank of EnglandRead the full review »
Best:
It's an all round 'nice' place to work. There's a range of health and well-being support, work to make the Bank more green, and other initiatives to support staff flexibility - all of which contribute to a pretty positive lifestyle.
People are also very nice - they're willing to chat about their work, and contribute to yours if you ask for support.
Worst:
Sometimes the pace of development can feel a little slow - particularly when your work involves international components.
Bank of EnglandRead the full review »
Best:
The people
Worst:
Need to work from home at least once a week
Cyber Security Analyst, Technology – Security at Bank of EnglandRead the full review »
Best:
Challenging and interesting work
Worst:
Hierarchical structure
Analyst, Financial Stability at Bank of EnglandRead the full review »
Best:
Interesting work
Enjoyable environment
Intelligent colleagues
Training opportunities
Worst:
Can be hierarchical, a little slow paced
Associate, Prudential Regulation Authority at Bank of EnglandRead the full review »
Best:
Prestige and being at the centre of economic thinking
Worst:
Sometimes the Bank processes are very long
Analyst, Resolution at Bank of EnglandRead the full review »
Best:
Access to premium minds, ideas and information about the global economy.
Worst:
Not immediately understanding the vast range of topics/issues relevant to my work.
Analyst, International Banks Directorate at Bank of EnglandRead the full review »
Best:
Central part of the economy
Worst:
Large amounts of divide between departments
Bank of EnglandRead the full review »
Best:
Right of the heart of decision making, relevant.
Worst:
Culture of perfectionism.
Analyst, Statistics at Bank of EnglandRead the full review »
Best:
Huge range on internal opportunities, people are always open and interesting and my colleagues are amazing (probably the best thing about the job). The Bank makes a huge difference to the wider UK financial system so feel like you are making an impact. Salary of £30k + 7% Benefits is solid and the Benefits are pretty much unmatched (pension etc)
Worst:
Change can take some time to filter through the various layers of middle management.
Supervisor, Prudential Regulation Authority at Bank of EnglandRead the full review »
Best:
The work that we do and the work/life balance which is achieved
Worst:
The criticism we receive in the media!
Analyst, Financial Stability at Bank of EnglandRead the full review »
Best:
Great working culture, interesting work undertaken that is in the public eye.
Worst:
Lower pay than rest of financial sector, limited international opportunities.
Analyst, Stress Testing at Bank of EnglandRead the full review »
Best:
People are accessible and friendly at all levels, with people always willing to help and plenty of training available.
Worst:
There can be a fair amount of mandatory training, and whilst this can be helpful, this is also a job where you learn a lot in role, and so sometimes training can get in the way of this.
Analyst, International Banking Supervision at Bank of EnglandRead the full review »
Best:
Prestige
Supportive environment
Worst:
Public sector - does not get to treat the employees as the firms in the private sector
Supervisor, UKDT at Bank of EnglandRead the full review »
Best:
Mission statement.
Role variety.
Staff well-being.
Office environment.
Helpfulness and friendliness of staff.
Benefits.
Worst:
Lack of clarity/efficiency in some things we do.
Analyst, Supervisory Risk Specialists at Bank of EnglandRead the full review »
Best:
Friendly and collegiate work culture, strong and ethical values which the Bank actually embodies very well, high profile organisation with an important public responsibility that you can get involved in, the location (Threadneedle St) is a lovely place to work.
Worst:
Salary increases and promotion are probably less frequent than in the private sector (understandably), which could slow career progression if you stay in the Bank. People usually accept this when they join, and work here for the wider 'employment deal' which is very good compared to other organisations in the City.
Graduate HR Analyst, Human Resources at Bank of EnglandRead the full review »
Best:
Quite flexible as regards working hours.
Worst:
The organisation is quite rules-based when it comes to promotions, job changes etc. I think that too little discretion is given to line managers but is instead retained by HR.
Bank of EnglandRead the full review »
Best:
Unique place to work, high exposure to important issues & decisions for the country.
Lots of grads, great community
Worst:
-
Data Analyst, Data Collection at Bank of EnglandRead the full review »
Best:
Benefits package
Work/life balance
Prestige
Education
Read the full review »
Accountancy and tax technician, Business Partnering at Bank of England View » Research Assistant, Data at Bank of England View » Professional Economist, Prudential Policy Directorate at Bank of England View » Digital Technology Solutions, IT Infrastructure at Bank of England View » Assistant Supervisor, UKDT at Bank of England View » Lvl 6 Data Science, DAT at Bank of England View » accounting and tax, finance at Bank of England View » Data Analyst, Data and Technology at Bank of England View » Data Science Degree Apprenticeship, PRA at Bank of England View » Assistant Policy Analyst, FSSR at Bank of England View » Professional Economist Degree Apprenticeship, Financial Risk Management Division at Bank of England View » Senior Research Assistant, FSSR at Bank of England View » Assistant Policy Analyst, Financial stability at Bank of England View » Test Data Lead, Testing at Bank of England View » Professional Economist, Climate Hub at Bank of England View » Apprentice Tax Technician, Finance at Bank of England View » Data Science Degree apprenticeship, Data and Statistics Division at Bank of England View » Data Science, Financial Stability Strategy and Risk at Bank of England View » Data Analyst Apprentice, Insurance at Bank of England View » Economist, PRA at Bank of England View » Apprentice, Apprentice at Bank of England View » Apprentice, Accounts at Bank of England View » Developer Apprentice, at Bank of England View » Apprentice, at Bank of England View » Apprentice, at Bank of England View » Apprentice -Test Analyst, Test practice at Bank of England View » Data Administrator, Chief Data Office at Bank of England View » Apprentice, at Bank of England View » School Leavers Programme, Technology at Bank of England View » Level 3 Business and Administration Apprentice, Testing at Bank of England View » Apprentice – Senior Data Administrator, Statistics And Regulatory Data Division at Bank of England View » Apprentice – Research Assistant, SRDD at Bank of England View » Advanced Apprenticeship in Business Administration, Collateral Management & Custody at Bank of England View » Senior Data Administrator, Statistics and Regulatory Data Division at Bank of England View » Level 3 Diploma in Business and Adminitstration, Statistics & Regulatory Data Division at Bank of England View »
