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 and managing the circulation of notes, to mitigating threats to the whole financial system.

The Bank recruits high-calibre graduates from all disciplines. Some areas of the organisation do require specialist skills and knowledge – such as technology or economics – but in general, the most important quality we look for in graduates is the intellectual ability to contribute to our often complex and demanding work. In fact, you’ll find a surprising variety of academic backgrounds on our teams, from maths, science and finance subjects, through to history, English and classics.

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, Financial Stability, Banking Services, Special Resolution Unit 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 Recruitment and Development Manager, 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.bankofenglandjobs.co.uk

Number of vacancies
We have c. 20 vacancies for 2011

Entry requirements
Minimum 2:1 and 300 UCAS points from 3 A-levels or equivalent.

Salary
£28,750 for first degree entrants and £31,250 for Masters in Economics / Finance entrants.

Benefits
25 days’ annual leave
Private medical insurance
Pension
Flexible benefits scheme

Number of employees
1,772

Closing date
15 November 2010