The Divisions of Research and Statistics and Monetary Affairs offer summer paid and unpaid project internships for undergraduate and graduate students. Internships last ten to twelve weeks and while at the Board, interns are assigned to particular research projects.
These positions are available to students majoring in economics, finance, statistics, mathematics, or computer science. Internship selections are based solely on academic records and references and interviews are conducted by phone.
The Board gives preference in hiring to qualified U.S. citizens and nationals. Therefore, applicants for project internship positions must be U.S. citizens or nationals.
The application deadline is April 1 and the following application materials must be sent by e-mail to projectinterns@frb.gov:
Throughout the year, the Divisions of Research and Statistics and Monetary Affairs occasionally offer opportunities for students to work on projects as unpaid interns. The duration of the internship is generally ten to twelve weeks, depending on the assigned projects. Applications for these unpaid positions are accepted on a rolling basis and in order to be considered, we must receive the above application materials.
The Board gives preference in hiring to qualified U.S. citizens and nationals. Therefore, applicants for unpaid internship positions must be U.S. citizens or nationals.
Applications submitted to projectinterns@frb.gov will be considered for the intern positions in the Divisions of Research and Statistics and Monetary Affairs only.
On-site interviews are not conducted. Selections are based solely on phone interviews, academic records, and references.
The Federal Reserve Board and each Federal Reserve Bank work independently in hiring employees. To be considered for positions at a Federal Reserve Bank, you must contact the individual bank of interest to learn of employment opportunities.
Yes. Indicate your interest in paid, unpaid, or both positions in your cover letter. Unpaid internship positions are only considered after all of the paid internship positions are filled.
Most of our projects require a level of knowledge normally obtained by a minimum of three years in an undergraduate program. However, all interested applicants are welcome to apply.
Applicants for summer internships will receive confirmation of receipt by e-mail as soon as their entire package is received. Selections are usually made by April 30. Applications received for unpaid internships during periods other than the summer will be acknowledged only if a project becomes available.
Yes. Professors should send letters of recommendation directly to the Board via e-mail or fax.
Summer interns may begin as early as May. Start dates are agreed upon by the hiring supervisor and the selected candidate. Summer internships end within 90 days of the intern’s arrival.
The Board does not provide housing for the internship program. Selected students may find housing opportunities in the local newspapers, websites, (for example, www.internsdc.com) or nearby universities.
Due to the various areas of concentration in the research divisions, internship projects range from collecting data to applying theory. Interns work under the direct supervision of an economist and generally with the assistance of a research assistant. Before the telephone interview, candidates are provided information about the project for which they are being considered.
