Software Engineering Internship, Monzo
Summer 2025
£40k
Salary is on a pro rata basis
More information about location
Digital-only bank platform and marketplace
Job no longer available
Digital-only bank platform and marketplace
1001+ employees
Job no longer available
£40k
Salary is on a pro rata basis
More information about location
1001+ employees
Company mission
To build a new kind of bank that makes money work for everyone.
Role
Who you are
- You are completing a degree in Computer Science or another technical field with exposure to programming and are graduating in 2026
- You enjoy learning about new technologies and have a passion for problem-solving
- You are available full-time for a minimum of 12 weeks between June and September 2025, we have start dates every two weeks from the 2nd June to align with your holidays
- You have the full right to work in the UK with no limitations during the 12 weeks
- You can work from our London office on a hybrid basis to collaborate with your team and mentor, as well as attend intern events over the summer
What the job involves
- We have around 400 engineers across Monzo who design and build our in-house banking platform
- We have big ambitions for the future, and technology plays a big role in creating a bank our customers want, so engineers at Monzo collaborate across disciplines to solve interesting challenges throughout the company
- These range from the products our customers use everyday to underlying infrastructure, security, payments and finance, customer operations, financial crime, and data, to name just a few areas
- As a bank, there is scope for impact across a huge number of opportunities
- We contribute to open source software as much as possible
- As a software engineer intern at Monzo, you’ll be matched with a team where you’ll spend the summer working on a real project for our customers
- We’ll pair you with a mentor who will support you to design and ship a solution to solve a real problem
- You’ll have the opportunity to work alongside engineers to learn more about software engineering and the types of challenges engineers at Monzo solve on a day-to-day basis
- Writing, testing and shipping code that supports new features for our customers
- Reviewing code for your colleagues, to pick up any improvements and learn from your peers
- Working with product managers, designers and data analysts on your team
- Learning about new technologies, engineering practices and what a full-time software engineering role looks like
- Proactively seeking out feedback to improve and accelerate your learning
- We rely heavily on the following tools and technologies:
- Go to write our application code (there’s an excellent interactive Go tutorial here)
- Cassandra for most persistent data storage
- Kafka for our asynchronous message queue
- Kubernetes and Docker to schedule and run our services
- AWS for most of our production infrastructure and GCP for most of our data infrastructure
- React for our public web apps and internal tools
- Kotlin for our Android app
- Swift for our iOS app
Application process
- Submit your application with the short questions answered
- If you’re successful, we’ll invite you to complete an exercise to demonstrate your programming and problem-solving skills
- If all goes well, you’ll have your final interviews with members of our engineering team via Google Meet
- The closing date for applications is 17 November 2024, but we encourage you to apply as soon as possible as we will be extending offers on a rolling basis
Salary benchmarks
Our take
Monzo is a challenger bank that fully operates online and offers a full range of current, savings, business accounts, and more. The speed of the challenger banks to provide a great experience has been impressive, and the number of competitors appearing has proven the consumer desire for innovation.
Monzo remains one of the popular online banks, with more than 6 million customer active users. The company faces competition as more traditional banks, such as Goldman Sachs and JP Morgan, have launched their own digital banks. However, the new technologies that the company is built on enable it to expand quickly (with fewer issues) than the incumbent players' offerings.
With an increasing amount of people switching banks, the company's ever-expanding suite of banking and financial services (such as its buy-now-pay-later offering) has resulted in Monzo receiving the second-highest net switching gains among digital challenger banks (just behind Starling).
After setting U.S. expansion plans aside in 2020, the company launched in the U.S. market in early 2022, partnering with Sutton Bank to provide its U.S. accounts. After several years focused on narrowing its losses, Monzo hit profitability in the first two months of 2023. In the same year, 2 million new customers joined, tallying its customer base at 9 million in 2024.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
42% female employees
19% employee growth in 12 months
Company
Funding (last 2 of 18 rounds)
May 2024
$190m
LATE VC
Mar 2024
$426m
LATE VC
Total funding: $1.9bn
Company benefits
- Yearly Salary Review + Proactive pay increases to reflect growing responsibilities + Share options
- Flexible working hours
- Work From Home Opportunities + we'll pay for any equipment you need to do your job
- 24 days holiday a year, plus bank holidays
- Paid sick leave for both physical & mental health + Health insurance via AXA or Vitality + Additional health insurance through Medicash
- Employee Assistance Programme
- Learning budget of £1,000 a year
- Aviva Pension Scheme + 4% Employer Contribution
- Paid maternity, paternity, adoption or shared parental leave (after 13 weeks of employment)
- 52 weeks of primary caregiver leave (6 months at 100% pay, 13 weeks at Statutory Maternity Pay, 13 weeks unpaid)
- 3 months of secondary caregiver leave at 100% pay
- Unum Life Insurance
- Access to fertility and family-forming health benefits via Fertifa
- Abellio Season Travel Tickets + Cycle-to-Work Scheme
Company values
- Be hard on problems, not people 🙌 We create supportive communities to help people thrive.
- Make a difference 🚀 We solve real problems, working on things that have the biggest impact for our customers and each other.
- Help everyone belong 🤗 We’re building a bank for everyone. We embrace differences and make sure everyone feels welcome.
- Think customer first; grow Monzo safely 🥕 We always do what's best for customers. It's the right thing to do and the safest way to grow.
- Default to transparency 🎤 We’re open with each other and customers unless we have good reason not to be.
- Think big, start small, own it 🌲 We’re ambitious and shoot for the moon, working iteratively to get the best results.
Company HQ
City of London, London, UK
Articles
Leadership
Jonas Templestein
(CTO)Founder of HipDial. Former Software Engineer at Starling Bank.
People progressing
Joined in the Customer Operations team. Moved to be a Financial Crime Analyst after 5 months. Then moved again to be a Business Analyst after 2.5 years. Currently working as a Senior Product Manager.
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