Research Economists, PhD Research Programme

The Bank of England is looking for motivated researchers from a diverse set of backgrounds to join the PhD Research Programme.

Research at the Bank of England covers the full scope of our remit for delivering monetary, macroprudential, and microprudential policy, centred around the five themes in the Bank of England’s Agenda for Research (BEAR). Our large research community includes researchers from a range of disciplines, with a common interest in issues relevant to central bank and public policymaking. Our research economists enjoy a rich and stimulating environment, have close engagement with policymakers, and make a key contribution to policy analysis. We have active seminar programmes and host high-profile international conferences. We actively engage with leading research institutions and academics, as well as other public bodies, providing researchers with the opportunity to work with external experts.

This is a permanent position, of which the first three years are spent on the PhD Research Programme. Researchers on the programme work within one of the Bank's policy areas, and spend at least 50% of their time producing, publishing and disseminating research that is relevant to the Bank's policy and research agendas. We also offer excellent training opportunities, both to expand researchers’ technical skills and knowledge, and to help researchers develop the skills to maximise the policy impact of their work. As a large central bank, we provide sizable computing resources and have unique, rich and novel datasets.

Candidates must hold, or expect to complete by end-2025, a PhD in any discipline relevant to central bank policymaking. Successful candidates should demonstrate a desire to carry out and publish innovative, policy-relevant research, as well as to contribute to live central bank policymaking. As well as presenting at academic seminars and conferences, our researchers are expected to communicate their research internally and engage policymakers with research.

The Bank is fully committed to having a diverse and inclusive working environment: we want the best people to work for us and we want our workplace to be inclusive. We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation. This role is open to flexible working patterns, which can include time working remotely.

The Bank of England is a distinctive institution, and our rewards are one of the things that set us apart. You will work in a flexible environment, with a subsidised restaurant, staff-run social networks and plenty of wellbeing initiatives.

The total package includes:

• An 8% benefits allowance with the option to take as additional salary or purchase a wide range of flexible benefits;
• A non-contributory, Career Average Revalued Earnings (CARE) pension that is calculated annually (based on your pensionable earnings and chosen accrual rate for that year). This provides a guaranteed retirement income, and it is revalued to reflect inflation every year. The current standard accrual rate offered to new joiners is 1/95 of your annual salary;
• 26 days annual leave with the option to buy up to 12 additional days through the flexible benefits;
• Private medical and dental insurance and income protection insurance;
• Reimbursement of relocation costs may be available for international candidates.

For further information on our Research Careers please click here

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