Research Associate, Economics, Data Scientist

Company: Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts.

The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: community, innovation, integrity, trust, leadership, and excellence.

The position will be primarily on-site. The individual is expected to reside in the First District.

Position: Research Associate 2027

Location: Boston, MA

The Research Associate (RA) program at the Boston Fed is a two-year program designed for recent college graduates with a background in economics, math, statistics, or related fields. RAs work with economists on a variety of research projects and provide support for ongoing analysis of the New England, U.S., and global economies and monetary policy, as well as bank regulation, the payments system and financial markets.

Positions are available in our Research Department that start in June 2027. The Research Department provides current economic analysis and policy advice to Federal Reserve decision makers and conducts innovative research with the aim of improving our understanding of the regional, U.S. and global economies and encouraging better policy outcomes.

If you are interested in gaining meaningful work experience, expanding your career options, and serving the public, we encourage you to apply for our Research Associate Program.

Applications will be reviewed on a rolling basis until all positions are filled. Incomplete applications will not be considered. Please make sure to include all requested information including 2 letters of recommendation.

• Review, organize, and analyze economic and financial data.
• Write programs using statistical software such as Stata, MATLAB, R, SAS or Python.
• Conduct literature reviews, perform thorough data analysis, and prepare written summaries of results for economists.
• Prepare charts and tables using spreadsheet and data visualization software packages.
• Conduct economic research for policy memos and for articles intended for publication by The Boston Fed, academic journals, and business periodicals.
• Design programs to clean data, perform statistical tests, and run regressions. Update and maintain data series regularly used by economists.
• Proofread, edit, and fact-check articles and papers.

• A bachelor’s degree in economics, math, statistics, computer science, international relations, or related field with concentration in economics.
• Strong analytical, communications, and organization skills.
• Familiarity with programming languages and statistical software packages such as Stata, Python, Matlab, R, and knowledge of statistics and econometrics.
• Prior research or classroom experience analyzing data.

• Research Associate positions require U.S. citizenship.

The salary for this position is $78,000. The Boston Fed believes in salary transparency. The final salary and offer will be determined by the applicant’s background, skills, internal equity, and alignment with market data. Whether you’re developing into the job or are a more seasoned candidate, we aim to pay competitively.

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.

The second phase, which might not be…