If you are due to finish school, university is far from your only option. Our Future Capability Programme could be the ideal solution for you if you are:

  • Keen to start your career and earn a salary
  • Concerned about university fees
  • Looking to develop your business and technical skills in the heart of the City
  • Eager to gain a unique insight into the workings of the UK’s Central Bank

We have designed this 18-month programme to help talented individuals get started in their careers, and it could see you grow in a number of key roles.

About the Programme

Upon joining the programme you will be part of a close-knit peer group who will receive:

  • A formal induction to the Bank, which will give you the opportunity to find out about the unique work of the different areas of the Bank
  • Technical training which will equip you with the skills for your role
  • Business skills training which will underpin the skills needed for your role and support you in developing your career further.

Areas of Work

When applying, you will be asked to choose from one of the following areas:

Data and Statistics

Are you interested in data, statistics and technology? Then why not come and join the Data and Statistics Division (DSD) and be part of the Bank’s data expert team.

DSD are the Bank’s central data management hub, responsible for collecting large volumes of data on the financial system, compiling and analysing data, helping users inside and outside the Bank understand the data, and helping the Bank handle ever-growing data volumes through good data management and investment in new technology and skills. DSD are home to a wide range of skillsets, such as communication, expertise in specific datasets and technical skills in data science and engineering.

Join this stream and study towards the Data Analyst – Level 4 Diploma. More information on this qualification can be found below under ‘Professional Qualifications’.

Please note the Data & Statistics stream are not hiring for 2019.

Financial Stability Strategy and Risk (FSSR)

FSSR works to ensure the UK financial system is resilient to, and prepared for, the risks it could face - so the system can serve households and businesses in bad times as well as good.

FSSR is responsible for supporting the work of the Financial Policy Committee (FPC), chaired by the Governor. They assess risks to financial stability from across the financial system and define the Bank’s strategy for responding to them. They also work closely with other areas of the Bank, as well as foreign central banks and international organisations. The challenges are varied and ever-changing, so there are many opportunities to do ground-breaking work on new issues.

Join this stream and study towards the Data Analyst – Level 4 Diploma. More information on this qualification can be found below under ‘Professional Qualifications’.

Markets

Markets design and carry out all of the Bank’s market operations as well as supporting the Bank’s monetary and financial stability policy objectives through analysis.

Markets’ role is diverse and includes implementing monetary policy in the UK and providing sterling liquidity to the banking system, managing the Bank’s FX reserves and the UK's foreign exchange reserves on behalf of HM Treasury, first-line risk management of the Bank's balance sheet and briefing Monetary and Financial Policy committees on financial markets, drawing on our regular engagement with a wide range of market contacts.

Join this stream and study towards the Associate Project Management – Level 4 Diploma. More information on this qualification can be found below under ‘Professional Qualifications’.

 

Technology

Technology are responsible for the technology that tracks all bank notes in circulation, records gold in the vaults, manages the Real Time Gross Settlement system that settles some £575 billion sterling payments and securities every day, and defends the Bank of England from cyber-attacks. Just like our industry, we’re always evolving and so it’s a fascinating time to be a part of this new era for the Bank.

Across the seven divisions, highly skilled and passionate technologists work across every part of the technology lifecycle, from high level architecture, system development or end-user support, to project delivery and governance. Technology take pride in having a team whose backgrounds and experiences are as diverse as the solutions they provide.

Join this stream and study towards the Data Analyst – Level 4 Diploma or the Associate Project Management – Level 4 Diploma. More information on these qualifications can be found below under ‘Professional Qualifications’.

Professional Qualifications

Data Analyst – Level 4 Diploma

The training for Data Analyst covers concepts on data analysis, data structure, big data, processes and tools for data integrations. The key areas covered include:

  • Identifying, collecting and migrating data
  • Interpretation of data
  • Statistical analysis and other analytical techniques such as data mining
  • Producing performance dashboards
  • Tools and techniques for data visualization
  • Presenting results to stakeholder and making recommendations

Associate Project Management – Level 4 Diploma

The training for Associate Project Manager covers how to manage a project whether it be large or small, you will gain an understanding of what needs to be achieved with regards to good planning, organisation, leadership, management and communication skills. The key areas you will cover will include:

  • Project Governance
  • Project Stakeholder Management
  • Project Communication
  • Project Leadership
  • Consolidated Planning
  • Budget and Cost Control
  • Business Case and Benefits Management
  • Project Scope/Schedule/Quality
  • Resource Management
  • Project Risk and Issue Management

Who are we looking for

We want people who are eager to learn and serious about building a career at the heart of the UK economy. You will also need to know what we do, share our purpose, and be genuinely motivated to join the Bank of England. 

In terms of grades, we will be looking for a minimum of five GCSEs at C and above, including English and Math’s, and at least 72 UCAS points (either passed or predicted) from up to three A Levels or equivalent using the 2017 UCAS Tariff System. For the Data Analyst Diploma at level 4 we will require at least one of your A levels (or equivalent) to be in ICT or Math’s.

We are committed to nurturing a diverse and inclusive workforce, so we welcome applications from candidates with all backgrounds.

Application advice

We know that application processes can be a little daunting at first, and we want to make sure you are ready to perform to your best. Therefore, we have put together some useful hints and tips about how to do well from the initial application form all the way through to our assessment centres. You’ll find it all on our advice page.

We believe our programmes are focused on students at different points in their academic life and so are not expecting applicants to apply for more than one programme. To that end, your first application will be accepted and any duplicates will be rejected.

If you have a situation that you believe you would like to be considered for more than one programme in any given year, please email the Bank of England Team at Penna for further discussion about your circumstances.

Applications for the 2019 Future Capability Programme will open in January 2019.

To register your interest for the 2019 intake and receive updates, please fill in this form.