PhD Internship 2025

Job Description

Research at the Bank of England covers the full scope of our remit for delivering monetary, macroprudential, and microprudential policy, centred around the five themes in the Bank of England’s Agenda for Research (BEAR ). Our large research community includes researchers from a range of disciplines, with a common interest in issues relevant to central bank policymaking. Our research economists enjoy a rich and stimulating environment, have close engagement with policymakers, and make a key contribution to policy analysis. As a large central bank, we provide sizable computing resources and have unique, rich and novel datasets.

As a PhD intern you will be working on a research project of live interest to the Bank, with Bank of England researchers. While your exact research topic will be at the discretion of the Bank, we will seek to align it with your research interests and skills, and give you scope to shape the project. You will also be given an opportunity to present your research, either your own existing projects or your internship project, and engage with researchers and policymakers from around the Bank.

PhD students from any discipline are eligible to apply. Both the length and timing of the internships are flexible, though they are typically for 12 weeks over the summer.

The Bank is fully committed to having a diverse and inclusive working environment: we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. We are also committed to making workplace adjustments for all of our employees as needed, and for candidates throughout all stages of the selection process. We are a member of the Disability Confident scheme ; if you wish to apply under this scheme, please check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

We offer a daily rate of £103.85 per day and pro rata holiday entitlement, based on 25 days per annum. This role is open to flexible working patterns, which can include time working remotely, though you will need to be based in the UK during your internship. International candidates may be offered relocation expenses.

National Security Vetting Process

Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided at offer stage for successful candidates. Information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice

The Application Process

Important: Please ensure that you complete all details in the application form including education, work history and all job specific questions, even if these are covered on your CV. Your application will not be considered if all mandatory questions are not fully completed. Please ensure you upload a CV and Research Paper when prompted.

The assessment process will comprise of 2 stages: online application and a virtual interview

About Us

We are the UK's central bank - and we are a bank like no other; known by our peers for our world-leading thinking on policy and strategy.

Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work.

It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.

There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.

Join us and find a bank like no other. Together, we can make a difference.

The Bank of England will use and protect the information you provide when you apply for a role with us, in line with our obligations under data protection law. This is so we can assess your suitability for the role and administer your application. If you’re successful we’ll use it to offer you a position and onboard you to join the Bank.

If you would like more details about how your information will be used and your information rights, please visit our recruitment privacy notice