Opportunities during and after PhD studies as well as for Experienced Researchers

  • Experience delivering policy, research and analysis
  • Produce innovative, world-class research

If you are currently studying for your PhD and seeking an opportunity to gain valuable professional experience and insight, scroll down and take a look at our PhD Internships. If you are ready to launch your career after PhD study or are an Experienced Researcher, read on.

PhD Research Programme

As part of our strengthened commitment to research, we have introduced a Research Programme for new PhD entrants.  This programme is designed to offer significant scope to conduct policy-relevant research and opportunities to develop research skills further.  A fixed salary package of £57,000 will be offered for the three year duration of the programme, plus competitive benefits and pension. 

While on the programme, you will spend at least 50% of your time doing research.  You will also get involved in policy work in your area.  Successful candidates will be expected to publish in top-quality journals and collaborate with external and visiting academics.

At the end of the three-year programme, PhD researchers continue their careers at the Bank in either a research or policy role, depending on their personal preferences and interests. There are many interesting opportunities, including roles that involve a combination of research and policy work, as well as research management.

We are looking for highly trained researchers across all areas of economics, finance, and related disciplines with the capacity for innovative, world-class research and a fascination for the policy issues.  We are also keen to make a reality of cross-disciplinary approaches to policy problems and would welcome applications from disciplines other than economics and finance, if you have the technical skills that can be applied to our research projects and have the enthusiasm to do so.

For further details, please see our Research at the Bank of England brochure. 

Read the full job description here.

As part of the application candidates will need to provide a non-technical summary of their thesis, a recent research paper and a CV. Candidates must either hold or expect to submit their PhD thesis by end-2019.

Applications for 2019 PhD Research Programme are now closed.


Experienced Researchers

The Bank of England is also looking for experienced researchers to contribute to and lead the Bank's research work, and can offer bespoke opportunities to meet your interests. If you are interested in working at the Bank of England and have more than three year’s of post-PhD work experience in academic or policymaking institutions, please use the link below to apply.

Read the full job description here.

Applications for the 2019 Experienced Research Programme are now closed.


PhD Internships

The PhD Internship Programme offers invaluable opportunity to experience economic analysis, policy and research at the highest level if you're currently studying for a PhD. Interns are placed in one of the Bank’s business areas and contribute to live research projects.  Although most interns come to the Bank over the summer, we are flexible about the timing of the internship.

To be considered, you should be expecting to submit your PhD thesis within the next two years. All fields are considered, although we're particularly interested in candidates with a background in the following areas:

  • Monetary economics;
  • Macroprudential framework, policy instruments within and beyond the banking sector and their transmission mechanism;
  • Open-economy macroeconomics and international finance;
  • Financial economics, including banking theory and regulation, risk modelling and management, stress testing, macro-finance and asset pricing;
  • Supervisory indicators, decision-making and communication, and the interaction with firms and their culture and behaviour;
  • Applied econometrics and big data analysis, including text-based analysis, use of large micro datasets, and regulatory data;
  • Technological and structural change in money, banking and financial markets.

Please note that all appointments are subject to security clearance and immigration clearance.

We offer a daily rate of £100 per day and pro rata holiday entitlement, based on 25 days per annum. Candidates who do not live in London will also receive an accommodation allowance of £100 per week during their stay. Overseas candidates will be reimbursed for an economy class return flight to London.

Please read our Research at the Bank of England brochure to find out more about research at the Bank.

Read the full job description here.

To apply for the 2019 PhD Internship Programme please click here. Applications will close midday GMT on the 28th January 2019. 

For international PhD Intern candidates we can apply for sponsorship for Tier 5 immigration visa via HM Treasury.

For any further queries on the application process, please contact the Bank of England Team at Penna.