Federal Reserve System 2024 Undergraduate Summer Analyst – Research in New York, New York
Federal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
*Please note: Apply to all areas that you are interested in within the various tracks. For example, to apply to the entire policy track, you must submit applications for Markets, Research, and Supervision. This does not apply to Technology. *
The Undergraduate Summer Analyst Program provides outstanding undergraduate students with the opportunity to gain valuable work experience at a unique institution. Advanced project work assignments and professional development activities, analysts are provided with an understanding of the work of the New York Fed.
Analysts are assigned to a particular area or function for the summer, but they will also have opportunities for collaboration with other analysts/associates and with employees from around the Bank. In addition to their daily responsibilities, analysts attend weekly presentations and events hosted by People & Engagement’s Early Careers team. These presentations provide an overview of the Bank's responsibilities, operations, and offer a unique opportunity to learn about full-time career opportunities upon graduation. The summer program is the largest recruitment source for the New York Fed’s full-time entry-level hiring.
What we do:
The Research & Statistics Group - Research function at the Federal Reserve Bank of New York conducts policy-oriented academic research and provides analytic support for the Bank's responsibilities relating to monetary policy, monetary policy execution, banking supervision, payments systems, and other economic and financial issues. As a summer analyst in Research, responsibilities may include:
Assist economists and research associates in the analysis of current public policy issues and events.
Assist economists and research associates in long-term, academically oriented research projects.
Conduct econometric analyses intended for Bank publications as well as academic journals.
Programming in statistical packages such as SAS, STATA, and MATLAB
What we are looking for :
As a summer analyst in Research, you must have a demonstrated interest in economics, public policy, mathematics or statistics, and a strong academic record. Additional requirements include:
Experience using large databases and statistical packages like SAS, Stata, Matlab and Python
Ability to provide concise, articulate, and insightful economic analysis in written and verbal form.
Good leadership skills with the ability to think strategically and demonstrate a broader viewpoint on assignments
Have an excepted graduation date ofWinter 2024 or Spring 2025
To Apply: Please include a resume and unofficial transcript. The application deadline is November 1st, 2023 (11:59 PM EST)* .
This is a paid internship. Please note, summer housing is not provided.
Your regular wages for the ten weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $70,700.00 , less applicable taxes.
Our Touchstone Behaviors —Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more. (https://www.newyorkfed.org/careers/touchstone-behaviors)
Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part Time
Regular / Temporary
Job Exempt (Yes / No)
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.