Bank of England Interview Questions & Answers

An email was sent to all the university students to apply for Bank of England through Sanctuary Search (a recruiting company). I applied through them, this entailed filling the online application form, I found it quite long and time-consuming but you have to do it. After my CV and the application form were accepted, the recruiting company sent me a link to the tests. I did my tests and after about a week, I was invited for the assessment centre. Until this point, all the communication was with the recruiter but on my interview day I got to talk to one of the employees who were also the senior manager in the team that I was joining.

What are the main issues facing the UK economy?

For the interview, think ahead of examples of when you had to use your organisational and/or analytical skills. Choose good real-life examples to demonstrate each of the skills that you claim you have. In terms of preparation, read all the publications that come onto the company's website and keep up-to-date with regulation changes, new bills, etc. Follow the markets (in particular debt and foreign exchange markets) and tailor your answers according to the job market and job needs.

The assessment centre consisted of two parts.
-Group exercise: It was really easy, just giving you some details of a project, each one of us was given a separate part of it and then we all had to agree on a decision together. Timing: 30min total.
-Interview: was also very easy, some standard competency based questions, about teamwork and communication mostly, and then some IT question from a person from that department, nothing too technical, mostly general questions about IT, your own opinions etc. Also make sure you know what bank does, they asked me questions related to banking industry and my comments on it, to which I had absolutely no answer. Lack of research. Timing: about 1hr.