Bank of England Graduate Scheme 2027: Dates, Stages & How to Apply
Not open yet 2027 round not open yet. The Bank says it will update its programme pages in autumn 2026.
Checked on 27 October 2026 against the Bank of England’s own careers pages. Register your interest to be told when applications open.
The Bank of England runs three graduate programmes: the Graduate Development Programme, the Trainee Solicitor Development Programme and the Actuarial Development Programme. Its 2026 round has closed and the Bank has not published 2027 dates yet, but you can register your interest for 2027. This guide separates what the Bank has published from what we could only find reported elsewhere, and shows how the four assessed stages work so you can prepare early. For other schemes, see our graduate scheme hub.
When does the Bank of England graduate scheme open?
| Programme | Who it is for | 2027 status | Evidence |
|---|---|---|---|
| Graduate Development Programme | Recent graduates; a choice of streams | 2026 round closed; register interest for 2027 | Official |
| Trainee Solicitor Development Programme | Students working towards qualifying through a graduate solicitor apprenticeship | 2026 round closed; register interest for 2027 | Official |
| Actuarial Development Programme | Recent numerical degree graduates starting an actuarial career | 2026 round closed; register interest for 2027 | Official |
| Summer internships | Penultimate or final-year undergraduates | Closed; register interest for 2027 | Official |
| Black Heritage Sponsored Internship | Black heritage students in their penultimate year; funding of at least £5,000 for one year at university | Closed; register interest for 2027 | Official |
Source: Bank of England, Graduate programmes and Internships
Bank of England graduate scheme at a glance
| 2027 opening date | Not published. The Bank says it will update its programme pages in autumn 2026, ahead of the 2027 round. | Official |
| 2027 closing date | Not published. | Not published |
| Application route | One application form plus three assessed stages. The process is the same for apprentices, interns, industrial placements and graduates, and only your first application is accepted. | Official |
| Locations | London (Bank and Moorgate) and Leeds city centre. | Official |
| Working pattern | The Bank aims for half your time in the office, with a minimum of 40% across the month, or you can work all your hours in an office. | Official |
| Starting salary | Not on the current programme pages. A Prospects listing for the 2026 Graduate Development Programme showed £33,525 a year. | Reported |
| Programme length | 24 months for the 2026 Graduate Development Programme, per the same Prospects listing. | Reported |
| Visa sponsorship | Graduate programmes: possible in specific cases, assessed case by case. The applicant pays the skilled worker visa fee and the immigration health surcharge. | Official |
| Security vetting | National Security Vetting is required for all staff. It usually takes three to four weeks after an offer and can take much longer. | Official |
Official = on the Bank of England’s own pages. Reported = from a third-party listing for the 2026 round. Not published = we found no figure. Sources: how to apply, locations, Prospects listing.
Who can apply to the Bank of England graduate scheme?
The Bank says the entry criteria are on each programme page and that it will update them in autumn 2026, so check them again before you register. We found no published minimum degree classification for 2027. If you studied outside the UK, the Bank points applicants to the UCAS tariff calculator to convert international qualifications. Graduate applicants who need sponsorship are assessed case by case, and the applicant pays the skilled worker visa costs. Because every role needs security vetting, you must declare any residence outside the UK in the last five years, and the Bank cannot employ you if checks are not possible for a country you lived in.
What a Bank colleague says
“…shaping the future of the Bank was a proud moment in my career.” That is Tim Breach, Central Operations, describing the flexible working project he led, on the Bank’s What we offer you page. It is one colleague’s account, not a graduate-programme participant, and we found no named graduate quote on the Bank’s current pages.
Bank of England graduate scheme salary and benefits
The Bank does not publish a graduate salary on its current pages. It describes a competitive base salary, an annual discretionary cash award that is not pensionable, and a defined-benefit, non-contributory career-average pension. Annual leave is 26 days with the option to buy more, plus paid study, family, carer and volunteering leave. Health cover includes private medical insurance, income protection and access to counsellors, and the optional Benefits+ scheme adds extras such as gym membership. 
Bank of England graduate scheme application process
1. Application form
You register so the Bank can check you are eligible, then give your background, education and work experience and upload a CV. The free-text answers are where you explain your motivation, and the Bank says to take your time over them.
2. Situational judgement test
You get scenarios that reflect working life at the Bank and say what you would do. It shows how closely you match the Bank’s values. See our online tests guide and Watson Glaser guide for how employers use tests.
3. Video interview
You answer a set of questions in a video portal. Nobody is on camera live, each answer is recorded and reviewed later, there is a short thinking time, each question has a time limit and you cannot re-record. The Bank says successful applicants are told two weeks after the application deadline.
4. Virtual assessment centre
One group exercise and one interview. The interviewers ask motivation, behaviour-based and analytical or technical questions. The Bank uses the STARR method: situation, task, action, result, reflection. Our assessment centre guide and PwC assessment centre guide show how to prepare for a similar format.
5. Pre-employment checks
An offer depends on references, security clearance, identity, criminal record and credit checks, proof of qualifications, immigration clearance where relevant and a medical questionnaire. Do not hand in your notice until security clearance is granted, because the Bank will withdraw the offer if it is refused.
Using AI in your application
The Bank allows AI for research, proofreading and refining wording, but asks you not to copy and paste AI-generated answers. It says not to use any AI tool, assistant or platform during the video interview, live interview or group exercise. Read the full guidance on the Bank’s how to apply page.
Checklist
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How the Bank of England compares with other graduate schemes
The Bank’s route is closest to the public-sector pipeline: see the Civil Service Fast Stream and the NHS Graduate Management Training Scheme, which also combine online tests with an assessment centre. Among banks, HSBC runs its own programme-by-programme deadlines, while the Bank publishes none yet for 2027. Check the graduate scheme deadlines calendar for dates that are already confirmed, and the graduate scheme hub for the full list.
Bank of England graduate scheme FAQ
When does the Bank of England graduate scheme 2027 open?
The Bank has not published a date. It says its 2026 round has closed and that it will update its programme pages in autumn 2026, ahead of the 2027 round. You can register your interest on its Future Talent page.
What is the Bank of England graduate scheme salary?
The Bank does not publish a graduate salary on its current pages. A Prospects listing for the 2026 Graduate Development Programme showed £33,525 a year, which is a reported figure. The Bank also describes a discretionary annual cash award and a defined-benefit career-average pension.
How many stages are in the Bank of England application process?
There is an application form and three assessed stages: a situational judgement test, a video interview and a virtual assessment centre with one group exercise and one interview.
Can I use AI in a Bank of England application?
Yes for research, proofreading and refining your wording, but not copy and paste answers. The Bank asks you not to use any AI tool during the video interview, live interview or group exercise.
Does the Bank of England sponsor visas for graduates?
For graduate programmes the Bank may offer sponsorship in specific circumstances, assessed case by case. The applicant pays the skilled worker visa application cost and the immigration health surcharge.
Where do Bank of England graduates work?
The roles the Bank recruits for are in London, at its Bank and Moorgate offices, or in Leeds city centre. It aims for colleagues to spend half their time in the office.
