Intern - Banking, Payments and Innovation Review
at Bank of England
Internship (1 Month+)
Science, Economics
London
Review Submitted: September 2021
Overall Rating
4.6 /5
The Overall Rating is the average of all the ratings given in each category. We take those individual ratings and combine them into one final score!
4/5
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Overview of Role
4.8/5
-
Skills Development
5/5
-
Support and Guidance
4.5/5
-
Company Culture
5/5
-
Overall Experience
4/5
-
Future Career Prospects
Overview of Role
Please give an overview of your role and what this involves on a day-to-day basis.
My main task was a comprehensive research project related to one aspect of the Bank's RTGS renewal programme, a very exciting programme designed to renew and modernize the UK's Real-Time-Gross-Settlement system. The research project was very open ended and I conducted my research through several different avenues from compiling relevant research articles to engaging with other teams within the Bank and attending meeting with other central banks. At the end of the internship, I presented my findings and suggestions to relevant teams.
Were you given much responsibility during your placement / internship?
I definitely felt like I was given lots of responsibility during my internship. Instead of just assisting my team in various tasks, I was given full ownership of a large, standalone project with lots of creative freedom in terms of how to approach it. I also felt like the project truly added value to the team as it was designed to be further built on.
Please rate how meaningful the work you were doing was
4/5
Skills Development
Have you learnt any new skills, or developed your existing skills?
My presentation and research skills improved vastly throughout the course of the internship. My research covered a wide range of topics and I had to make sure the presentation was structured in a logical and concise way while making sure to keep engaged a diverse audience of different teams and interests. During my research, I also learned how to identify reliable sources of information and draw my own conclusions.
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?
4/5
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
Support and Guidance
How much support and guidance did you receive during your placement / internship?
The support and guidance I received, especially from my manager, was wonderful, from daily catch-up calls to providing honest and regular feedback on my performance and progress. I always felt like my manager was invested in my development.
Aside from my manager, I could always rely on other team members and even people from other teams. There is an incredible culture of internal knowledge sharing at the Bank and everyone I spoke to was delightful and keen to answer any questions I had.
Aside from my manager, I could always rely on other team members and even people from other teams. There is an incredible culture of internal knowledge sharing at the Bank and everyone I spoke to was delightful and keen to answer any questions I had.
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
Company Culture
What was the company culture and general atmosphere like?
The culture is, in my opinion, one of the best aspects of working at the Bank of England. As I mentioned already, there is a lot of internal knowledge sharing and everyone is very invested in your development. Everyone is very nice and welcoming and I also noticed a strong sense of camaraderie among graduates.
How would you rate the inclusiveness of the culture?
5/5
How would you rate the social opportunities?
4/5
How would you rate the diversity initiatives?
5/5
How would you rate the charity, sustainability and corporate social responsibility (CSR) initiatives?
4/5
Overall Experience
To what extent did you enjoy your placement / internship?
I enjoyed my time at the Bank much more than I expected I would. My main project was engaging, challenging and meaningful and gave me the opportunity to interact with many other professionals. My team and manager were delightful and I noticed the same sense of inclusivity and willingness to help others throughout all my interactions with people across different areas of the bank. For these reasons, I would strongly consider returning to the Bank of England
Please rate your level of enjoyment on your placement / internship
5/5
Please rate how your experience met your expectations
5/5
Future Career Prospects
Please rate the future employment prospects at Bank of England
4/5
Recommendations & Advice
Would you recommend Bank of England to a friend?
Yes
What advice would you give to others applying to Bank of England
For the video interview, familiarize yourself with the various responsibilities of the Bank. Think about your own motivations for working there and brows some articles of the Bank of England website as you may get some relevant questions.
For the assessment centre broaden your knowledge about the Bank. If you've indicated your interest in a specific business area, research this in more detail. Luckily this is very easy to do as the Bank publishes several articles and papers detailing their operations so everything you need can be found on their website.
Lastly, be familiar with the Bank's core values. Think about how you've demonstrated these in the past and how you can do so during the group exercises.
For the assessment centre broaden your knowledge about the Bank. If you've indicated your interest in a specific business area, research this in more detail. Luckily this is very easy to do as the Bank publishes several articles and papers detailing their operations so everything you need can be found on their website.
Lastly, be familiar with the Bank's core values. Think about how you've demonstrated these in the past and how you can do so during the group exercises.
