The Bank of England
When we speak about industry giants it is often very easy to overlook the seemingly obvious. The Bank of England could easily be considered on of these exceptions but to the very 'too close to see clearly' daily existence that it possesses. Without a doubt every single person in the United Kingdom is influenced or interacts with the Bank of England every single day of their lives.
Formed back in 1694, making it the second oldest central bank in the world, it has become the core of British finance and is the cornerstone of our economy through controlled interest rates and the issue of banknotes.
The primary role of the B of E in modern Britain is to ensure monetary and financial stability for the country. By adjusting interest rates and monitoring inflation costs it ensures that we retain a stable currency envied the world over. Its secondary role of financial stability is performed by monitoring and dealing with potential threats to Britain's economic stability. This includes dealing with external factors through policy and careful negotiations.
Working within this institution is not like working for any other financial company in that its role is not simply that of a bank. As holders in charge of the country's finances it is vital for the day to day operations of the UK. As an employee you will be in the unique position of seeing how the country works and actively be involved it maintaining stability and order. Career prospects and job satisfaction rate highly from surveyed employees citing reasons of no only advancement prospects and company well being but they jobs themselves being varied and interesting.
Regardless of the role within the company you seek to obtain the certainty is that accuracy and sensitivity to the data will be vital.
Some of the important career prospects include:
1. Not a job for this week but a job for life. With the B of E being at the centre of the country's financial power positions within the bank are always in demand.
2. A bright future. The B of E prides itself on growing employees within its ranks as a way of guaranteeing in-house knowledge of processes and policies. With constant and ongoing training there is always something new to learn and implement.
3. A steep but interesting learning curve. With bank and legal policies flowing like liquid you will always be learning something new and implementing changes.
4. An ideal work-life balance. On of the perks of working for a bank are the holiday and time off privileges. While this may not seem like the most important aspect of employment current research suggests that an improved work/life balance is the key to increased productivity and idea generation.
Before you embark on this career path there are just a few things to consider including the fact that bank work lacks creativity and relies on repetition to achieve goals. This to many may seem boring but in a position where accuracy is everything being able to deal with this is beyond vital. Little margin for error and a high pressure environment also play their part but under this the right person can not only thrive but shine to become a leading player in the industry.