About the programme
This 24 month programme is designed for students who have recently graduated and are looking to start their career at the heart of the UK economy.
Fact box
- Length of programme: This 24 month programme leads to a permanent position.
- Start date: Early-September
- Application open and close date: Open September 2024 and close November 2024. Please register your interest to be notified
- Location: London offices (hybrid), select streams (Risk, Supervision, Data) also located in Leeds (hybrid)
- Salary: £36,500
Is this route for you?
This programme could be right for you if you are:
- keen to learn about what we do and gain practical experience
- eager to gain a unique insight into the workings of the UK’s central Bank
- looking to build your network and find out more about career opportunities at the Bank
To apply for the Graduate Development Programme you must meet the below entry requirements:
- Expecting or have achieved a 2.1 degree classification. Specific degree requirements for Economist & Postgraduate Streams.
- Achieved 120 UCAS points from 3 A-Levels (or equivalent).
What to expect
We start by giving you an introduction to the many areas of work around the Bank of England. You will get an idea of the range of specialist roles there are across the organisation. You will also receive training sessions which focus on essential skills to develop as a central banker. If you are driven and intent on learning and building a career this could be a good option for you.
In the first 12 months you will take part in a foundation year covering the breadth of work of the Bank of England. In year 2, you will have the opportunity to study for a masters (or equivalent level) qualification through the apprenticeship levy.
If you are driven and keen to learn and build a career this could be a good option for you.
We’re committed to nurturing a diverse and inclusive workforce. We welcome candidates from all backgrounds to apply.
How could you develop?
If you are interested in this programme, we will ask you to choose from the following streams:
Operations
This is our generalist stream, and this stream is open to students from all degree disciplines.
Hiring areas can vary year on year, however in 2024 we recruited into the following areas:
- Banking Payments and Innovation
- Markets
- Resolution
- People
- Central Bank Digital Currency (CDBC)
- Prudential Policy
- PRA Risk and Operations
Economics
If you’re studying an economics or finance degree, this stream might be ideal for you.
Hiring areas can vary year on year, however in 2024 we recruited into the following areas:
- Markets
- International
- Financial Market Infrastructure
- Financial Stability Strategy and Risk
- Prudential Policy
Risk
If you’re interested in developing technical expertise in areas such as stress-testing, the Help to Buy scheme or wider market risks, this stream might be for you.
Hiring areas can vary year on year, however in 2024 we recruited into the following areas:
- Markets
- Risk
- Financial Market Infrastructure
- Supervisory Risk Specialists
- Financial Stability Strategy and Risk
Data
If you’re interested in data, this stream is for you. Our data scientists engage with audiences and demonstrate insights that make us more agile, innovative and effective.
Hiring areas can vary year on year, however in 2024 we recruited into the following areas:
- Research Hub
- Data Analytics Transformation
- Authorisations RegTech and International Supervision
- Financial Stability Strategy and Risk
- Prudential Policy
- UK Deposit Takers Supervision
Technology
If you’re interested in gaining hands-on experience working with our technical experts and getting involved in our projects, this stream could be for you. You don’t need a degree in computer science to apply.
You would work in our Technology division and your work could involve:
- providing technology support to colleagues across our organisation
- understanding their needs and suggesting technological solutions
- developing and presenting reports on change projects
Supervision
We welcome people with any degree to become a supervisor. Your role would involve supervising financial institutions such as insurance companies, banks and building societies.
Hiring areas can vary year on year, however in 2024 we recruited into the following areas:
- Resolution
- PRA Risk and Operations
- Authorisations RegTech and International Supervision
- Financial Market Infrastructure
- Insurance Supervision or UK Deposit Takers Supervision
Postgraduate
If you’re completing a master’s degree in economics or finance, this stream could be for you.
Hiring areas can vary year on year, however in 2024 we recruited into the following areas:
- Monetary Analysis
- Markets
- International
- Financial Market Infrastructure
- Financial Stability Strategy and Risk
- Prudential Policy
What we offer you
In addition to your salary you will receive our comprehensive benefits package.
How to apply
Register your interest for our 2025 opportunities. For more information on the application process see How to apply for our Future Talent programmes.