Intern - Economic Research

Intern - Economic Research-261641

Federal Reserve Bank of Chicago

Primary Location: IL-Chicago

Full-time / Part-time: Full-time

Employee Status: Temporary

Overtime Status: Non-exempt

Job Type: Internship

Travel: No

Shift: Day Job

Work Hours Full - Time

Job Sensitivity Tier II - No Credit Check

Who we are:

Do you want to work for one of the most influential, trusted and prestigious financial institutions in the world? The Federal Reserve Bank of Chicago is one of the 12 regional reserve banks in the United States, along with the Board of Governors in Washington, D.C., that make up the nation’s central bank. The Seventh Federal District is made up of five states, which includes all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin. The Seventh District comprises a considerable part of the nation’s manufacturing base – especially capital goods and consumer durables as well as production agriculture and food processing. 


Internship Program Details:

The Federal Reserve Bank of Chicago Summer Intern Program is a paid internship that provides undergraduate, graduate and PHD students with the opportunity to gain valuable work experience at the Federal Reserve Bank. Through project oriented hands on assignments and professional development activities, interns receive a solid overview of the Fed while contributing to their designated Bank department. 


The Summer Intern Program begins in June and continues for 12 consecutive weeks. Interns are expected to work 40 hours per week and assigned to one department for the summer. 


As a part of the Summer Internship program, interns are expected to work on a group project during the course of the program. 


Application Process:

October 2020 and onward – applications

Mid October 2020 and onward - Interviews

January – offers accepted

June 1, 2020 or June 8, 2020 – 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**


School Credit: If your internship requires school credit, please let the recruiter know if you are selected.


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.

Federal Reserve Bank of Chicago
Job Location: 
Chicago, Illinois
Known Job Application Deadline: