Bank of England Graduate Scheme 2027: Salary, Deadline and Stages

On 1 November 2026 the Bank of England had not opened its 2027 graduate round or published its 2027 dates and salaries. Its graduate page names the Graduate Development, Trainee Solicitor and Actuarial programmes, and its Future Talent page says the 2026 round has closed and that the programme pages will be updated in autumn 2026, ahead of the 2027 round, with programme structure and entry criteria. Until then you can register your interest for 2027. In the last round (2026 start) the Graduate Development Programme paid £33,525 a year and recruited for Leeds only; the round before paid £36,500 in London and £32,750 in Leeds.

The Bank's How to apply page (updated 11 December 2025) sets out the process for apprentices, interns, industrial placements and graduates: an application form, then three assessed stages (a situational judgement test, a one-way video interview and a virtual assessment centre). This guide sets out what is known for 2027, the salaries, streams and entry rules of the last two rounds, when the last applications closed, why there is no official acceptance rate, what the Bank says about its online Excel test, and how to prepare for each stage.

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Bank of England Graduate programmes page (2025/26 round, updated 19 Feb 2026) and How to apply page.

Two Bank pages give the official picture: the Future Talent page and the How to apply page. The salaries and streams of past rounds come from earlier versions of the Bank's own Graduate programmes page, kept by the Wayback Machine and linked in the sources at the end.

The situational judgement test is the first assessed stage for apprentices, interns, industrial placements and graduates: the Bank gives you scenarios that reflect working life at the Bank and uses your answers to judge how closely you align with its values. Start a short free sample below; it plays in our timed practice player and explains every rating.

The Bank's pages give no fixed annual recruitment calendar, and on 1 November 2026 no 2027 opening date or deadline had been announced. What its own pages show about the last round (for programmes starting in 2026):

The dates above are the update dates printed on each Bank page (the copies were captured by the Wayback Machine a few days to weeks later). They show that the 2025/26 round was described as closed in the 16 February 2026 update, but these copies do not show the exact graduate opening date, closing date or how long applications were open. The practical step is to register your interest and prepare for the online test before the 2027 pages go live. On the video interview stage the Bank says it notifies successful applicants two weeks after the application deadline.

The Bank publishes a salary on each programme page for the round it describes. These are the figures from its last two rounds; no 2027 salary had been published on 1 November 2026.

Alongside base pay the Bank lists a discretionary, non-pensionable annual cash award for performance, a defined-benefit, non-contributory career average pension, 26 days' annual leave with the option to buy more, private medical insurance and a Benefits+ scheme. All colleagues are expected to spend 50% of their time in the office (What we offer you).

The streams change from round to round. In the 2025/26 round the Graduate Development Programme recruited for Leeds only and offered two streams; the 2024/25 round offered six streams across London and Leeds.

In the first 12 months graduates take a foundation year covering the breadth of the Bank's work. For the 2026 start, the second year offered the chance to study for a master's in Global Central Banking and Financial Regulation with Warwick Business School. The Bank's London offices are at Threadneedle Street and Moorgate, and it also has a Leeds city centre office (Our locations).

We found no official acceptance rate. We checked the Bank's Future Talent, graduate programme and How to apply pages and its Annual Reports for 2025 and 2026: none gives an acceptance rate or the number of applications or offers for the graduate programmes. Treat any percentage you see on a forum or prep site as unverified unless it links to an official Bank source.

What the Bank does publish: one application per candidate across all its Future Talent programmes; the Disability Confident scheme, under which candidates who choose to apply through it and meet the minimum requirements of the job description are fast-tracked to the video interview, with their test score not considered; and, in its 2025 Annual Report, a diversity target for 10% of its graduate intake to be Black (including mixed ethnic background). The part you control is the stages: the Bank says that if you pass the online test you move on to the next assessed stage, so for most applicants the situational judgement test decides whether you reach the video interview.

The How to apply page says: if you apply to the Economist or Data streams of the Industrial Placement programme, you will be asked to complete an online Excel test. The Industrial Placements page (12 November 2025) adds that it is part of the assessment centre for the Data and Economics streams. The Bank's graduate pages for the last two rounds do not mention an Excel test, though the graduate Data stream lists Excel, Python and R among the skills you could develop.

The Bank does not publish the test's length, format or the functions it covers. Preparing the core spreadsheet skills an economics or data analyst uses every day is the sensible approach: clean formulas, absolute and relative references, SUMIFS and AVERAGEIFS, XLOOKUP or INDEX/MATCH, percentage change, a quick pivot table and a clear chart.

The Bank assesses against its three Bank Behaviours: act inclusively, drive growth and deliver outcomes. It recommends the STARR method (situation, task, action, result, reflection) for interview answers and asks you not to use AI tools during the video interview, live interview or group exercise. Our Bank of England interview questions and answers guide maps model answers to each Behaviour, the video interview questions guide covers the timed recorded stage, and the assessment centre group exercise guide includes a free sample brief with roles.

All staff need National Security Vetting, which the Bank says usually takes three to four weeks after an offer but can take longer; do not hand in your notice before clearance. If you have lived outside the UK in the last five years, give full details: for some countries the Bank cannot complete the checks. For graduate programmes the Bank may sponsor a visa case by case, but the applicant pays the Skilled Worker visa fee and the immigration health surcharge.