It’s advisable to find experience in your penultimate year of study or apply for schemes which offer summer internship to postgraduate students. We have indicated deadline dates, but it is essential that you check the organisation's website carefully for deadline information. This list is indicative and not exhaustive.
Government Economic Service (GES)
The Government Economic Service runs placements for students of economics, (not first year undergraduates) lasting between 6 and 12 weeks over summer. To be eligible, applicants must be studying for a degree in economics or a joint degree where economics comprises at least 50% of the course. They must also be on course for a 2:1 or 1st class degree.
The Bank of England
The Bank of England has three summer internship schemes, all intended as an alternative to their graduate recruitment process.
First year Internship
This scheme is designed for undergraduate students in their first year interested in finding out more about the Bank. These internships run for six weeks giving you the opportunity to support a team on a specific project across all areas of the Bank, from technology or HR to monetary policy and banking supervision. During this time, you’ll be paid a salary of £72 per day.
Undergraduate Penultimate Year Internship
This scheme is for first-degree students in their penultimate year. The undergraduate internships pay £75 per day and run for eight weeks. You'll focus on an individual project, working closely with economists and analysts to collect and analyse data. If your performance is considered to be outstanding, you will be considered for a place on our Graduate programme.
This scheme is for students who have completed their first degree and are about to embark on their Masters year of study. The internship will run for eight weeks and you will be paid £85 per day.
Go to https://www.bankofenglandearlycareers.co.uk/ to find out more and to apply.
Typically, this internship is aimed at candidates studying economics and/or finance. To be eligible, candidates must possess an undergraduate degree and already be enrolled in a full-time graduate programme, i.e pursuing a Masters degree or PhD with plans to return to school in a full-time capacity. Placements take place over summer (June-September). The application period for the Summer is December 1 - January 31 each year.
International organisations, such as the World Trade Organisation and the European Central Bank offers internships to citizens of member countries, typically to Masters and PhD students.
You could consider interning in a related sector, such as banking or consultancy, to demonstrate and develop transferable skills. Alternatively, think tanks recruit interns; it may be worth looking at those who focus on macro economic issues for advertised internships.