Mina Yau studied the BSc Economics with Business at Birkbeck while working full-time at the Bank of England.
I applied for the Bank of England school leaver programme after completing my A-levels in Economics, Accounts and History. After a successful application, I was able to start full time at the Bank of England. This meant I chose to work instead of pursuing further education, however I did not want to regret this decision and miss out on university. As such, I decided to take on further studies after my one-year probation at the Bank. It was difficult to find a university where I could continue working. However, Birkbeck gave me the opportunity to pursue further education whilst working full-time by offering evening classes (and an extra bonus of part-time studying across 4 years).
The Economics, Maths and Statistics classes at Birkbeck really helped develop my career in the bank as they taught me the necessarily skills for my day to day role. Whether it was better understanding how the economy works, the maths behind the metrics or even data programming – Birkbeck really helped widen my knowledge and skill set.
At the Bank of England, I started as a school leaver in the Data and Statistics Division, where I would collect data from banks and building societies via our internal systems and process this to specialist teams. After, I moved to the Financial Stability, Strategy and Risk directorate, working in the Macrofinancial Risks Division in the Households team. Here I was able to deep dive into risk metrics relating to Households and built a very strong understanding on housing data. I then moved to the bank’s Resilience Division where I currently work; this is similar to my last role but more focused on risks and the resilience directly to banks.
Diligence is fundamental for balancing work and study commitments. Often, late nights are required at work, which meant I was unable to attend some lectures. Luckily Birkbeck does have facilities such as room recordings which means I am able to catch up with classes over the weekend. Thankfully, the Bank of England is also filled with talented colleagues who are able to explain and help with any queries on the classes or homework which makes studying a lot easier.
If you’re in doubt on whether or not to apply to Birkbeck due to work commitments, I highly recommend just going for it. It’s an excellent learning opportunity and gives high rewards. I can proudly say that not only after four years at Birkbeck (part-time study) I have completed my degree, I also have five years’ experience at the Bank of England to go with it.
Finally, I’d like to mention Tony Humm, a fantastic lecturer for Maths for Economists – it’s a very well taught class and definitely my favourite module! If you have a choice, I highly recommend taking this class!
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