Accounting & Finance students receive Ofgem internships

Three Strathclyde students have been awarded an Internship as an Analyst Financial Adviser with Ofgem. This is a pilot programme which launched in 2023 and if successful will role out for future academic years. This is a fantastic opportunity for students to enhance their CV, expand on their knowledge with the possibility of full time employment on completion. 

Ofgem works on behalf of energy consumers to ensure that every household and business in the UK can rely on a safe, affordable and environmentally sustainable energy supply. They play a vital part in accelerating the transition to Net Zero and a carbon neutral energy system – a goal that everyone wants to achieve. At Ofgem, the students will be helping create new energy solutions that are great for customers, and great for the environment. 

Ofgem met students earlier in the year to help with the application process and have offered them the opportunity to:

• Support multi-disciplinary teams in a specific work area in the context of operating in a Professions and Flexible Resourcing model. 
• Plan, oversee and deliver a set of work deliverables on time and to a high standard through effective project management and support of multidisciplinary team members. 
• Provide inclusive team support and understanding, while demonstrating commitment to Ofgem values. 
• Produce financial analysis and advice required to support policy decisions 
• Support building, operating and maintaining the financial models required to support analysis and policy development 
• Develop models and processes to help streamline and improve the quality of the team’s analytical outputs 
• Present analytical findings to both internal and external audiences 
• Deliver analysis required to support network price controls and the development of competitive regimes for offshore and onshore transmission 
• Support other aspects of Regulatory Finance work as appropriate 

Professor Andrew Marshall was instrumental in bringing this opportunity to Strathclyde Business School. He said, “This is a fantastic opportunity for our students to engage with the UK energy regulator with sustainability being the forefront of future plans within the University. The opportunity for our students to earn a salary of £25,000 (pro rata) during their studies is unprecedented and a welcome initiative to the Department."

Published: 7 June 2023