Intern - Economic Research

Federal Reserve Bank Chicago , IL 60602

Posted 2 weeks ago

Who we are:

One of the most influential trusted and prestigious financial institution in the world. The Federal Reserve Bank of Chicago, serving five states, is one of the 12 regional reserve banks in the United States. The twelve banks along with the Board of Governors in Washington, D.C., make up the nation's central bank.

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.

  • Students who are currently taking a gap year or gap semester due to the COVID-19 pandemic remain eligible for this program.

Typical Day:

Project oriented hands on assignments and professional development activities including a volunteer project. Interns receive a solid overview of the Fed while contributing to their designated Bank department.


We have a collaborative work environment that fosters inclusion. As a public service institution, we reflect all the communities we serve. Interns will have the opportunities to network with subject matters experts and interns assigned to other business areas.

Application Process:

  • Taking applications starting October 2020

  • Interviews starting Mid October 2020

  • June 7, 2021 or June 14, 2021 - Start dates

Job Summary:

The Economic Research Department conducts statistical and economic analyses of current macroeconomic, microeconomic, financial and regional data, and provides research support to the economists.

Job Responsibilities:

  • Support the economists in their basic and applied research which includes collecting data, conducting moderately complex statistical analysis, writing statistical software program and organizing the presentation of results

  • Assist economists with their research and analysis of public policy issues and events

  • Support economists by researching topics related to their work

  • Prepare a variety of charts, tables and descriptive text for staff economists and department management

Job Requirements:

  • Currently pursuing a Bachelor's degree in Economics, Business, Mathematics or related field with emphasis on quantitative and/or analytical skills

  • Experience with SAS, STATA or Matlab preferred

  • Experience as a Research Assistant preferred

To be considered, all applications must include a Cover Letter, Resume, and Unofficial Transcripts

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

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 partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

Other Requirements and Physical Requirements

This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

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Intern - Economic Research

Federal Reserve Bank