Summer 2027 Intern - Economic Research - Chicago at Federal Reserve System

Job description

Company Federal Reserve Bank of Chicago The Federal Reserve Bank of Chicago is recognized as one of the most influential, trusted and prestigious financial institutions in the world. We serve the Seventh District encompassing Iowa and most of Illinois, Indiana, Michigan, and Wisconsin, and is one of the 12 regional Reserve Banks in the United States. Together with the Board of Governors in Washington, D.C., the 12 Banks constitute the nation’s central bank. JOB DESCRIPTION: The Economic Research Internship offers a number of summer research opportunities across each of our departmental teams, inclusive of – but not limited to: Macroeconomics Microeconomics Financial Economics Community Development Regional Research This program provides students with the opportunity to gain valuable research experience, network with peers in the field, and to work side-by-side with our economists and research assistants to support research and policy work. The program is designed to help students further develop quantitative analysis, critical thinking, and writing skills throughout the summer. Summer projects typically ask interns to: Support economists in their basic and applied research – inclusive of collecting data, conducting moderately complex statistical analysis, and organizing the presentation of results Assist economists with their research and analysis of policy issues and events Prepare a variety of charts, tables, and descriptive text for staff economists and department management. INTERNSHIP PROGRAM DETAILS: The Federal Reserve Bank of Chicago Summer Intern Program is a paid internship that is open to undergraduate, graduate and PHD students. It begins in June and continues for 12 consecutive weeks. Interns work 40 hours per week and are assigned to one department. These internships are ideal for students looking to build their research portfolios, who have a potential interest in graduate school, or who are considering applying for the Chicago Fed’s Research Assistant program after graduation. Economic Research Interns are given priority consideration for 2028 RA openings providing positive recommendations regarding performance throughout their internship experience. CANDIDATE REQUIREMENTS: Currently pursuing at least a Bachelor’s degree, graduating Fall 2027 or later, in economics, finance, or related field (e.g. statistics, computer science, mathematics, etc.) Show evidence of aptitude of quantitative and analytical skills through research experience (curricular/extracurricular) Some exposure and experience using data/programming languages (e.g. Stata, R, Python, MATLAB, ArcGIS, etc.) ALL APPLICATIONS MUST INCLUDE: 1.) A COVER LETTER 2.) RESUME 3.) UNOFFICIAL TRANSCRIPT(S) 4.) Contact information for at least two references (that, if contacted, can speak to your aptitude for research) - please do not submit letters of recommendation.) OTHER THINGS TO KNOW: Salary Range: The anticipated hourly compensation range for this internship is $20 to $33, with the specific rate offered determined by the candidate's academic level. ADDITIONAL REQUIREMENTS: Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future. This position may require additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well. As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic par