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    Bank of England Reviews

    Updated 3 August 2018
    109 reviews

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    Full-timePart-time
    4.0
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    Approve of CEO
    Bank of England Governor Mark Carney
    Mark Carney
    59 Ratings

    109 Employee Reviews

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    Pros

    • "Great work life balance, good analysis" (in 37 reviews)

    • "Always interesting work to do and you get exposed to the inner workings of financial regulation" (in 12 reviews)

    Cons

    • "Low pay, limited career opportunities" (in 8 reviews)

    • "Pay typically lower than private sector as expected" (in 8 reviews)

    More Pros and Cons

    1. "High quality economic policy making"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee
      Recommends
      Positive Outlook
      No opinion of CEO

      Pros

      Great quality of analysis and training opportunities

      Cons

      Can be a little hierarchical at times

    2. "Industrial Placement at The Bank of England"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Industrial Placement Student in London, England
      Current Employee - Industrial Placement Student in London, England
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Bank of England full-time (More than a year)

      Pros

      Good level of responsibility
      Good support network
      Flexible Working
      Opportunities for development

      Cons

      None - I think this was a great place for an industrial placement. However going forward salaries can be lower than private companies but this is balanced by an excellent work/life balance.

      3. Join the Bank of England team
      See Our Latest Jobs

    3. "An excellent company"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - IT Analyst in London, England
      Former Employee - IT Analyst in London, England
      Recommends
      Positive Outlook
      Disapproves of CEO

      I worked at Bank of England full-time (More than 5 years)

      Pros

      Takes great care if it's staff.

      Excellent facilities - the best of the best and very sorry that I left!

      Cons

      Because it's such a great company to work for, it is very difficult for career progression - nobody wants to leave!

      Advice to Management

      Do not load the company up with employees that will have difficulty progressing their careers - it eventually creates morale problems

    4. "Policy Analyst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Bank of England full-time

      Pros

      Very great environment to work. Career prospects.

      Cons

      slower paced environment than the private sector.

    5. "Data Analyst"

      StarStarStarStarStar
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee

      I have been working at Bank of England full-time

      Pros

      Great people, very flexible working conditions

      Cons

      pay, some processes can take quite long

    6. Helpful (1)

      "Prestigious place but every unit has different work culture."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee in London, England
      Current Employee - Anonymous Employee in London, England
      Approves of CEO

      I have been working at Bank of England full-time (Less than a year)

      Pros

      Lots of flexible working. A lot of people have worked there for years.

      Cons

      Some managers can get away with a lot of things.

    7. "Industrial Placement"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Industrial Placement in London, England
      Current Employee - Industrial Placement in London, England
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Bank of England full-time (More than a year)

      Pros

      You can easily see where your work is making a difference and you are given the freedom to explore your own work path. It also has a great work/life balance with the use of flexible time across most departments.

      Cons

      When compared to other employers you are not paid anywhere near the same if you were to work in the private sector.

    8. "Industrial Placement Research Assistant"

      StarStarStarStarStar
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee

      I worked at Bank of England full-time

      Pros

      - Vibrant and diverse workforce. Learnt a lot from colleagues.

      Cons

      - HR function was opaque and disorganised
      - Decisions made at high level

    9. "Slow and steady"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee in London, England
      Current Employee - Anonymous Employee in London, England
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Bank of England full-time (More than a year)

      Pros

      Working from home
      Flexibility
      Great facilities eg canteen, coffee shops, gym
      7 hour days with 1 hour lunch break
      Fantastic pension compared with private sector

      Cons

      Bureaucratic
      Easier to just do nothing than do anything
      Improving anything is hard
      Projects are scoped with poorly defined requirements and so fail to deliver. An example of this is the new internal smart ticketing system.
      People are not measured on actual results but time in the office
      Lack of clear strategy and direction. We are 18 months into a project and still defining the second year deliverables????
      A focus on product rather than actually looking at what you want to ultimately achieve.
      In my area lots of history of getting latest shiny product, it failing to deliver and then running until lights go out. Define requirements at beginning!!!
      Don’t believe supplier hype

      Advice to Management

      Proper planning prevents poor performance.

      Fail to plan then plan to fail.

      Producing documents that no one reads and are just tick box exercises do not improve project outcome. How many documents were produced for the smartIT system?

    10. "Senior economist"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Senior Economist in London, England
      Current Employee - Senior Economist in London, England
      Recommends
      Positive Outlook
      No opinion of CEO

      I have been working at Bank of England full-time (More than 8 years)

      Pros

      Great work life balance, good analysis

      Cons

      Low pay, limited career opportunities

    Showing 109 of 133 reviews
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