Each year, the Board of Governors of the Federal Reserve System (the Board) hires a new cohort of college graduates to work as Research Assistants (RAs). We seek candidates with a diverse array of backgrounds from universities across the country. Our RAs gain real-world experience by working alongside PhD economists to assist with original economic research and provide critical support for policy analysis. The Research Assistant position is a two-year program and most RAs leave the role well-suited to pursue a graduate degree, often in economics, or a number of different careers at the Board or with other organizations. While at the Board, RAs often become involved in a variety of other projects, including collaboration with various government agencies and Federal Reserve System Banks, and participation in efforts to provide economic and financial literacy instruction to local high school students. RAs are encouraged to attend academic research seminars and presentations given by Board economists and visiting scholars.
- Completed a bachelor’s degree or higher
- Have strong academic background in economics, mathematics, statistics, finance, computer science, or in related fields with demonstrated economics coursework.
- Demonstrate proficiency with at least one statistical software package or programming language (such as MATLAB, Stata, "R", or Unix/Linux).
- We look for candidates who demonstrate strong written and oral communication skills, the ability to work collaboratively and convey perseverance, initiative and integrity.
About the Application Process
Recruiting Cycles and Deadlines
RAs typically begin during the summer months, but are selected during two main recruitment cycles in the fall and spring.
Fall Recruitment Cycle
Fall Timeline – Completed Applications accepted August 15 - October 15
- Interviews conducted from October 10 – November 30
- Offers are extended on a rolling basis starting October 10 and continue until the conclusion of the fall cycle.
- At the conclusion of the fall cycle:
- Candidates not selected during the fall recruitment cycle will automatically be considered during the spring recruitment cycle.
- Incomplete applications submitted during the fall recruitment cycle can be completed and considered during the spring recruitment cycle.
Spring Recruitment Cycle
Spring Timeline - Completed applications accepted October 21 – January 31
- Interviews conducted from mid-February – April 30
Occasionally we have immediately available positions during the school year for students who have already graduated. Applications received outside of the fall and spring recruitment cycles will be considered on a space-available basis.
How to Apply
U.S. citizenship is required for Research Assistant positions.
EEO Voluntary Self-Identification Form
Please open and fill out the Federal Reserve EEO Voluntary Self-Identification Form.
Completion of this form is voluntary and will not affect your opportunity for employment, or terms or conditions of employment. If you choose not to complete this form, it will not affect your being considered for employment. You may review the Federal Reserve Board’s Applicant Privacy Act note at https://www.federalreserve.gov/careers/files/fr1273.pdf.
The Board complies with the Rehabilitation Act of 1973, as amended, and provides job applicants with disabilities reasonable accommodations to assist them in applying for jobs at the Board. If you have a disability and would like to request an accommodation in order to apply for a job at the Board, please call 202-452-3880 or e-mail FRBRecruiting@frb.gov.
Submitting your Application
The application materials listed below are required to be considered for an RA position at the Board. All application materials should be sent to ResearchAssistant@frb.gov. Note that all of the materials requested below, including recommendation letters, must be received before your application will be deemed complete and considered for an RA position.
1. Application email
- Please submit the following materials/information in one email to ResearchAssistant@frb.gov with the subject line “RA Application: LASTNAME, FIRSTNAME”. (Example- RA Application: DOE, JANE).
- Cover letter
- Unofficial transcript
- Names & contact information of two intended recommenders
2. Two letters of recommendation
- At least one letter of recommendation must be academic, the second can be academic or professional.
- Please have each of your recommenders send their letter directly, in a separate email to ResearchAssistant@frb.gov with the subject line “RA Recommendation: LASTNAME, FIRSTNAME”. (Example- RA Recommendation: DOE, JANE)
- This form only needs submitted once through the above link. You do not need to attach a copy to your application email.
- If you have additional questions or want to check the status of your application, you can contact the recruiting team directly at ResearchAssistant@frb.gov or by calling us at 202-872-4912.