Summer 2024 Academic Research Internship - Federal Reserve Bank (FRB)

Company

Federal Reserve Bank of Richmond

At the Richmond Fed, we’re driven by our mission to strengthen the economy and our communities. We take great pride in what we do and it impacts everyday people every day. When you join our team, you’ll become part of a culture that welcomes differences, cares about our communities, and empowers each other to lead from where we are to make things better.

Bring your passion and we’ll provide challenging and purposeful careers in a variety of fields, opportunities to grow and a wide range of benefits and perks that support your health and wealth. It’s all part of what makes #MyRichmondFed a great place to work!

About the Opportunity

The Research Department of the Federal Reserve Bank of Richmond is looking for highly motivated students in Economics, Mathematics, Statistics or related disciplines to assist research economists with policy-oriented and academic research in a paid internship during the summer of 2024.

We are looking for candidates with diverse backgrounds, interests, and perspectives. We provide interns with many opportunities to learn in their daily work interactions with economists and RAs, as well as through seminars, lectures, and RA-led study groups. We provide a friendly and academically-oriented environment where interns can learn about academic research careers and the Fed. Visit us online for more information about the Research Department and the RA program.

What You Will Do:

Responsibilities for interns include literature reviews and writing computer code to analyze time-series and panel data alongside a Research Associate (RA) who mentors them throughout the summer. Interns are invited to give a presentation at the end of their stay on an academic article they studied or the data they helped analyze.

The intern and RA pool supports multiple economists with their academic research on wide-ranging topics including general equilibrium macroeconomic models, time-series econometrics, labor economics, financial economics, contract theory, public and health economics, industrial organization, and regional economics.

Application Requirements:

*Only applications with all required documents will be considered.

Applicants should submit three documents under the Attachments/Resume/Cover Letter section of their application: (1) a resume or CV, (2) college transcripts (unofficial copies are okay at this time), and (3) a cover letter stating why they are a good match to the job, how they became interested in research, and how the intern experience will fit into their future careers. Documents should be uploaded as attachments to your electronic submission. Formatted attachments can include Microsoft Office products, PDFs, JPGs or HTML documents; the size for each is limited to 1.5 MB. 

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Employee resource networks

• Flexible work options

• Onsite amenities that make working here fun

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

• Sponsorship is not available for this role.

• The hourly rate for summer interns is $20.50/hour.

• If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.

• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).

• Selected candidate is subject to special background check procedures.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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