Degree Apprenticeship Development Programme 2022

We’ve designed this 36-month programme to help talented people get started in their careers, while having the opportunity to study towards a fully-funded degree at the same time.

Whether you choose to specialise in data science, digital and technology solutions, or want to become a professional economist, you’ll get all the training and support you need.

Degree Apprenticeship Development Programme

When you finish school, university is far from your only option. Our Degree Apprenticeship Development Programme could be the ideal solution for you if you’re:

• keen to start your career and earn a salary 
• concerned about university fees
• would like to study for a fully funded degree
• looking to develop your business and technical skills 
• eager to gain a unique insight into the workings of the UK’s central bank

You'll start with an introduction to the different types of work we do and you’ll get training on essential skills.

Alongside this, we’ll enrol you on a part-time undergraduate degree with a reputable university. Your studies will complement the skills and on-the-job learning you will gain with us.

Studying while working can sound challenging. But you’ll get dedicated study time. And your line manager will help you find the right balance between your studies and work. Our Future Talent Team will also be on hand to support you.

If you are interested in the Bank’s Degree Apprenticeship Development Programme, the next step is to choose between the following opportunities:

Data science

Data Science is a broad and fast-moving field spanning maths and statistics, software engineering and communications. Data Scientists blend experience and knowledge from a wide range of fields and organisations, and continuously seek to expand their range of technical skills. This apprenticeship will give you the opportunity to gain a degree, incorporating maths, statistics, software engineering and communications.

If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Authorisations, RegTech and International Supervision (ARTIS), Data Analytics Transformation (DAT), Insurance or Supervisory Risk Specialists (SRS).

Digital and Technology Solutions

We are responsible for 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 us from cyber-attacks. We can put you right at the cutting edge of these developments - as you’d expect, working here would give you exposure to experts in the field and provide a wide range of opportunities from development of systems that underpin our economy, to working on high profile projects. We have partnered with the University of Exeter, who will provide you with quality tuition as you study towards your undergraduate degree.

If you are successful in securing a place on this programme, you will be allocated to Technology.

Professional Economist

The University of Kent’s School of Economics deliver the Professional Economist Degree Apprenticeship. The Degree Apprenticeship is geared to the needs of those working as economists in the private and public sectors. The curriculum covers all of the core material included in a UK Economics BSc degree. However, the distinctive nature of the programme is the applied, data based practical approach to the teaching and learning of analytical economics, and the development of the important skills of planning, team working, adaptability and leadership. The programme is based on interactive e-learning, on and off-site academic learning and support, and annual residential weeks at the University of Kent Canterbury campus.

If you are successful in securing a place on this programme, you could be allocated to one of the following areas: Authorisations, RegTech and International Supervision (ARTIS), Insurance, International, Prudential Policy Division (PPD) or UK Deposit Takers Division (UKDT).

Who we are 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 us.

To apply for the Data Science Degree Apprenticeship you will need at least five GCSEs at grade C (4) or above, including English and Maths. You’ll also need to have achieved or be predicted three A-Levels at BBB or above, or equivalent in IB.

To apply for the Digital and Technology Solutions Degree Apprenticeship you will need at least five GCSEs at grade C (4) or above, including English Language and Maths. You’ll also need to have achieved or be predicted the following: A-Level AAB or IB 34/665 or BTEC DDD.

To apply for the Professional Economist Degree Apprenticeship you will need at least five GCSEs at grade C (4) including GCSE Maths grade B (or 7) with and English grade C (or 4). You’ll also need to have achieved or be predicted three A-Levels (or equivalent) at BBB or above (or 120 UCAS points).

We’re committed to nurturing a diverse and inclusive workforce. We welcome applications from candidates with all backgrounds.

Application advice

Each of our programmes are designed for students who are at different stages in their studies. So please don’t apply for more than one programme as we’ll only consider your first application.

If you would like to be considered for more than one programme in any given year, please email the Bank of England Team at Penna before you apply.