The Board's Cooperative Education Program provides paid and unpaid professional work experience to undergraduate and graduate students in economics, finance and accounting, information systems, and law. The Board believes that by combining academic endeavors with related work experience, qualified and capable college students can gain the practical knowledge needed for today's global job market.
Individuals selected for positions in the Board's Divisions of International Finance, Monetary Affairs, and Research and Statistics work with one of the finest economic research staffs in the country. Students have the opportunity to apply their quantitative skills on projects in financial and nonfinancial areas, bank structure and competition, international trade, and foreign and exchange markets.
Finance and Accounting
The Board selects undergraduate and graduate students to work in its Divisions of Reserve Bank Operations and Payment Systems (RBOPS) and Banking Supervision and Regulation (BS&R). Assignments in RBOPS deal with operational policy. Students assigned to BS&R analyze the financial condition of domestic and foreign banking organizations and process applications filed by these financial institutions.
Students selected for positions in information systems work in the Board's Division of Information Technology. Assignments include creating public and intranet web pages and assisting application developers in program maintenance, design, and coding.
Several of the Board's divisions have attorneys who work on challenging and significant legal issues related to commercial, corporate, antitrust, administrative, and banking law. Students have the opportunity to gain firsthand knowledge of these fields. Assignments may include drafting, amending, and interpreting regulations and implementing federal consumer legislation. Applicants must be candidates for a law degree from an accredited law school.
Employment in the Board's Cooperative Education Program is granted to U.S. citizens. Candidates are selected competitively on the basis of scholastic achievement, recommendations, and completed course work in relevant areas of study. Generally, one-year assignments or summer-only opportunities are available. Other assignment lengths may also be considered. Undergraduate students may be invited back for a period during their graduate program if requested by their host division.