Research Analyst

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and we’ve provided many opportunities for professional growth during our history.

For twenty-seven years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

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This position requires access to confidential supervisory information and/or FOMC information, which is 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, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.

In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

The Research Department conducts policy analysis, produces academic research, and provides long-term strategic thinking on issues related to monetary policy, the national economy, and the region. Research Analysts contribute to the Research Department by: (i) supporting the research of the Bank’s economists, (ii) contributing to Bank publications, (iii) maintaining indicators on the Bank’s website, and (iv) supporting policy briefings for the Bank’s President before meetings of the Federal Open Market Committee.

The Cleveland Fed seeks Research Analysts for positions that start in the summer of 2027. During their time at the Bank, Research Analysts develop their knowledge of new areas of economics, develop their data analysis and programming skills, participate in the policy process, and work one-on-one with the Bank’s economists to conduct research that can lead to co-authored papers for Bank and external academic publications.

These experiences make the Research Analyst position ideal for someone considering a Ph.D. in economics or finance. Research Analysts typically work at the Bank for 2 or 3 years.

• Bachelor’s degree (completed by the summer of 2027) with emphasis in economics or a closely related field, such as finance, mathematics, statistics, or computer science; knowledge of monetary policy and macroeconomics preferred.
• Working knowledge of econometrics and statistics packages, such as Stata, Matlab, R, or Python.
• Prior research experience in economics and a strong mathematics background strongly preferred
• Excellent oral and written communication skills.
• Conducts directed research that contributes to internal publications, external publications, policy advising, and outreach.
• Collects and analyzes data, performs statistical and econometric analyses, writes computer programs, and conducts literature reviews.
• Maintains indicators on the Bank's external website

The expected starting salary range for the Research Analyst is $72,000 annually.

Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

The Cleveland Fed offers benefits to support overall health and financial security.

This is not necessarily an exhaustive list of all…