I have been working at HM Treasury full-time
- GDP can be excellent but do your research before on what team you will be placed into
- Also think about what skills you want. If you want more transferable skills (e.g. excel, powerpoint) then avoid pure policy teams
- No long term plan for graduates. After the first two rotations you'll be on your own.
- 18 month rotations can be very long if you are placed in bad and boring team
- Work is seasonable in most policy team. Be prepared for long slump periods
- Slow promotion. Don't expect to be a managerial position after the end of the programme
Advice to Management
Reduce the length of rotations for the GDP to reduce churn.
Promote ambitious and energetic staff faster or you will lose them
I applied online. The process took 2+ months. I interviewed at HM Treasury (London, England (UK)) in November 2017.
First there was a quantitative test for 20 min, simple stuff like calculating percentage differences from tables and interpreting graphs. Then there was a writing test for 40 min consisting of three questions. First was to summarise a 2 page report into 4 sentences. The second and third one was to briefly explain two economic concepts, to an economist and to a layman.
Then there were the interview where they mostly asked me to explain economics concepts and possible effects of economic policy. It was not as much focus on personal questions and soft skills.
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