Research careers

Help shape the future of the economy, financial services industry, and regulation in the UK

Looking for work that really matters?

With us, you can apply your technical skills to real-world economic questions. Our policy remit covers monetary, macroprudential and microprudential policy for the whole of the UK, and research underpins everything we do.

Join our large community of researchers. You’ll enjoy a rich and stimulating environment, have close engagement with policymakers, and make a key contribution to policy analysis.

Our research is centred around the five themes set out in our research agenda:

  • The Monetary Toolkit 
  • The Open Economy 
  • The Prudential Framework
  • The Future of Finance
  • The Transformed World

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Watch our Chief Economist Huw Pill talking about why this is a great place to start or build a career as a researcher.

Watch a recording of our 2023 information session and Q&A with Huw Pill (Chief Economist), Misa Tanaka (Head of Research), Andreas Joseph (Research Economist) and Emma-Jayne Webb (Future Talent Lead – PhD) who discuss career opportunities for PhD researchers.

We hire researchers annually, during the autumn, across three schemes: PhD Research Programme (for recent PhD graduates), Experienced Researchers and PhD Internships. See 'Our research schemes' below for more information, including how to apply to these schemes.

We also open additional vacancies throughout the year. Explore our current research job vacancies.

Our research schemes

  • Who should apply

    Recent PhD graduates with a desire to carry out and publish innovative, policy-relevant research, and to contribute to live central bank policymaking.

    Entry requirements 

    Hold (or expect to complete by end-2024) a PhD in any subject relevant to central bank policymaking.

    Length

    Permanent position, of which the first three years are spent on this programme. 

    Where you’ll work 

    In one of our policy areas, with at least 50% of your time spent on research, including time in our Research Hub.

    What you’ll learn

    You will develop your research skills, and make a key contribution to policy work in your area. We also offer excellent training opportunities, both to expand your technical skills and knowledge, and to help you develop the skills to maximise the policy impact of your work.

    Find out more 

    Read the PhD Research Programme job description.

    How to apply 

    Applications for 2024 are now closed.

  • Who should apply

    Experienced researchers with a desire to carry out and publish innovative, policy-relevant research, and to contribute to live central bank policymaking. 

    Entry requirements

    • PhD in any subject relevant to central bank policymaking
    • Post-PhD work experience in academic or policymaking institutions

    Length

    Permanent position.

    Where you’ll work 

    In one of our policy areas, including time in our Research Hub. 

    What you’ll learn

    You will develop your research skills, and make a key contribution to policy work in your area. As an experienced researcher, you will have the opportunity to lead on policy and research work. You will also advise junior researchers based on your expertise.

    Find out more

    Read the Experienced Researchers job description.

    How to apply

    Applications for 2024 are now closed.

  • Who should apply

    PhD students with a desire to carry out innovative, policy-relevant research, and to find out more about what it is like to work in a policy institution and apply your technical expertise to live policy questions.

    Entry requirements

    Currently studying for a PhD in any subject relevant to central bank policymaking.

    Length

    Typically 12 weeks.

    Where you’ll work

    You will be working with Bank of England researchers, either within one of our Policy areas or within the Research Hub.

    What you’ll learn

    This internship offers an invaluable opportunity to experience and contribute to economic analysis, policymaking and research, at a leading central bank. By working on a research project of live interest to the Bank, with Bank of England researchers, you will see first-hand how research is conducted and utilised within a policymaking institution. You will also be given an opportunity to present your research, and engage with researchers and policymakers from around the Bank.

    Find out more

    Read the PhD Internship Programme job description.

    How to apply 

    Applications for 2024 are now closed.

Meet our researchers

Education

Università degli Studi di Bari 

Bachelor in Physics
Master in Theoretical Physics
PhD in Theoretical Physics 

Career story

The working environment at the Bank of England is incredibly collaborative, perhaps more than I thought it would be. My background is not in economics and I find there is so much for me to learn from my Bank colleagues, which I really enjoy.

Our approach to research here is a bit different to other central banks. Rather than having a dedicated research department we have a Research Hub, which hosts staff currently working on research projects from all policy areas. This means that you can work both on research projects and on policy work streams. The idea is that working on policy can help you find interesting research questions, and the output from research projects can better inform policy.

 

Education

University of Indonesia & University of Amsterdam
University of Warwick
City University of London 

BSc in Economics and Finance
MSc in Economics and International Financial Economics
PhD in Economics 

Career story

I've always wanted to work at a policy institution because I want to contribute to policymaking. As an economics graduate with a strong interest in monetary policy, it's an amazing opportunity to work at the Bank of England. When I went on the job market, the interviewers from the Bank showed interest in my research and we had a great discussion about my work. To me, this was a good signal of the working culture here.

I have found the research community here is very supportive towards young researchers. We are encouraged to attend conferences and there are various channels to take your research forward. Researchers are supportive to each other, in particular on how we can apply our skills and knowledge to policy work.

I have also been impressed with how the Bank’s research community actively approaches experts in various fields to collaborate with and learn from. For example, it invites experts to present a seminar or to become an academic consultant. This shows we are committed to being at the research frontier.

 

Education

University of Amsterdam
PhD in Economics

Career story

I combine my position at the Bank of England with my role as part-time Professor of Financial Economics at the University of Amsterdam.

I've been a researcher at policy institutions throughout my career as I like to get inspired by current policy debates. I took a position as research advisor in the Bank’s newly created Research Hub in 2016, and my job involves doing research and contributing to building a strong research environment here. I was attracted to the Bank’s renewed focus on research, including career tracks specifically for researchers.

It has a very dynamic research community and provides an inspiring environment for researchers interested in research relevant to our core operations. Being located in London is an added bonus because it allows for ample interaction with researchers in academia. Staff are very collaborative and friendly and there is a lot of diversity. There is ample scope for debate and for thinking outside the box.


See all researchers

This page was last updated 02 February 2024