Research Intern

The Federal Reserve Bank of Cleveland is part of the nation’s central bank. 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.

• The Research department produces academically respected economic research, monitors and reports on regional and national economic trends, and helps to craft public communications on economic issues.
• The department also models complex economic systems, analyzes data, and evaluates economic information to support the Federal Reserve Bank of Cleveland’s monetary policy responsibilities.
• During their time at the Bank, research interns will develop their data analysis and programming skills, and work with the Bank’s economists and research analysts to conduct research in various areas of economics.

• Currently pursuing an undergraduate degree in Economics or a closely related field, such as Finance, Statistics, Mathematics, or Computer Science with a minimum GPA of 3.0.
• Should have at least one semester left to complete in school.
• Working knowledge of econometrics and/or statistics packages such as Stata, MATLAB, R, or Python.
• Prior research experience in economics strongly preferred.
• Excellent oral and written communication skills.

• Resume
• Transcript
• Cover Letter

• Hands‑On
  
  Experience:
  
  Gain practical experience and insights into the operations field through real‑world projects and challenges.
• Mentorship:
  Receive guidance and mentorship from experienced professionals who are committed to your development.
• Networking Opportunities:
  Build connections within the industry and with fellow interns and employees.
• Professional Development:
  Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.

We’re looking for collaborative and innovative full‑time students entering their sophomore year or beyond. Our student interns work 40 hours per week for the duration of a 10‑ to 12‑week internship that starts as early as June and ends as late as September, depending on student schedules and business needs. Our interns will work onsite at our Cleveland, Ohio location.

The expected starting salary range for this position is between $20.50 and $26.00 hourly. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

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, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution"…