The Bank of England
Few organisations play a more influential role in the UK’s economy than the Bank of England. As the country’s central bank, we are involved in activities that underpin the monetary and financial stability of the country – from setting interest rates, meeting the liquidity needs of the banking system, managing the circulation of notes, to mitigating threats to the whole financial system.
Because our work is demanding and often high profile, we look for graduates with high levels of intellectual ability who can also demonstrate strong analytical and numeracy skills. As a graduate entrant, which area of the Bank you join will depend on your academic background and skills – some areas of the bank require specialist economics or technology skills, for example, but others are open to a broad range of academic backgrounds, including maths, finance, history, science and engineering subjects
The graduate scheme
Your career begins with a three-week induction, which will give you the chance to meet senior people within the Bank and to gain a detailed understanding of our unique role within the economy. We provide the technical and business training you need to get started but we also focus on the ‘softer’ skills that will help you make the most of the Bank’s collaborative culture.
Beyond this initial period, you will move straight into a role within one of our business areas – Monetary Analysis, Monetary and Financial Statistics, Markets, Notes, Banking Services or IT. Here you will be working within a team, all the while expanding your responsibilities, knowledge and skills. Throughout it all, you will be supported by your line manager, coach and the Graduate Development Adviser, and you will also enjoy access to a wide variety of internal and external training courses.
After 18 months, all graduates attend a three-day residential professional development workshop. This provides the opportunity to reflect on progress so far, and to formulate a plan to focus your development for promotion to the next level.
Bank of England
Threadneedle Street, London EC2R 8AH.
t: 020 7601 5577
e:
recruitment@bankofengland.co.uk
w:
www.bankofengland.co.uk/jobs
Number of vacancies
We typically recruit approximately 25 graduates each year from a broad range of numerate disciplines.
Entry requirements
Minimum 2:1 and 300 UCAS points from 3 A-Levels or equivalent (excluding general studies)
Salary
£28,500 for first degree entrants and £31,000 for Economics/Finance Masters entrants.
Benefits
25 days’ annual leave
Private medical insurance
Pension
Flexible benefits scheme
Number of employees
1,772
Closing date
28 November 2008
Application details
www.bankofengland.co.uk/jobs
