2023 Undergraduate Summer Analyst - Research
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
Program Description:
The Undergraduate Summer Analyst Program provides outstanding undergraduate students with the opportunity to gain valuable work experience at a unique institution. Advanced project work assignments and professional development activities, analysts are provided with an understanding of the work of the New York Fed.
Analysts are assigned to a particular area or function for the summer, but they will also have opportunities for collaboration with other analysts/associates and with employees from around the Bank. In addition to their daily responsibilities, analysts attend weekly presentations and events hosted by People & Engagement’s Early Careers team. These presentations provide an overview of the Bank's responsibilities, operations, and offer a unique opportunity to learn about full-time career opportunities upon graduation. The summer program is the largest recruitment source for the New York Fed’s full-time entry-level hiring.
What we do:
The Research & Statistics Group - Research function at the Federal Reserve Bank of New York conducts policy-oriented academic research and provides analytic support for the Bank's responsibilities relating to monetary policy, monetary policy execution, banking supervision, payments systems, and other economic and financial issues. As a summer analyst in Research, responsibilities may include:
- Assist economists and research associates in the analysis of current public policy issues and events
- Assist economists and research associates in long-term, academically oriented research projects
- Conduct econometric analyses intended for Bank publications as well as academic journals
- Programming in statistical packages such as SAS, STATA, and MATLAB
What we are looking for:
As a summer analyst in Research, you must have a demonstrated interest in economics, public policy, mathematics or statistics, and a strong academic record. Additional requirements include:
- Experience using large databases and statistical packages like SAS, Stata, Matlab and Python
- Ability to provide concise, articulate, and insightful economic analysis in written and verbal form
- Good leadership skills with the ability to think strategically and demonstrate a broader viewpoint on assignments
- Have an expected graduation date of Winter 2023 or Spring 2024
Touchstone Behaviors set clear expectations for leading with impact at every stage of our careers and aspire to achieve in our continued growth and development.
Communicate Authentically: Empathetically engage one another with direct and transparent dialogue and listening. Actively discuss viewpoints with respect and compassion in a timely and candid manner, taking into account verbal and nonverbal cues. Ask questions, learn from each other, and share information widely to move the Bank's work forward.
Collaborate Inclusively: Inspire a diverse and inclusive environment that empowers others to contribute meaningfully. Intentionally bring a diverse set of people together to achieve positive business results.
Drive Progress: Grow and adapt to changing priorities in the Bank. Experiment with new concepts and take appropriate risk to drive innovation. Remain curious and action oriented, navigating through ambiguity and uncertainty to drive outcomes.
Develop Others: Equitably champion, mentor, and develop others to grow professionally. Demonstrate vulnerability and empathy to create a trusted environment.
Take Ownership: Establish an environment of action and excellence by holding self and others accountable to execute to the highest standard.
To Apply:
Please include a resume and unofficial transcript. The application deadline is November 1st, 2022 (11:59 PM EST)*.
Internships are paid; however, summer housing is not provided.
Federal Reserve Bank of New York summer internships are limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so. Interns must remain in the United States for certain aspects of the pre-employment & background check process, which will start approximately 6 weeks (around mid-March) prior to the first day of the internship.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
The successful candidate must be fully vaccinated against COVID-19, and receive a booster shot within 30 days of being eligible to do so, unless the Bank grants an exemption based on a medical condition or sincerely held religious belief.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Work Shift
First (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.