Summer Intern - Research Group - Sophomore Intern

Company

Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system.

At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

The Sophomore Career Exploration Internship gives undergraduate sophomores the opportunity to gain valuable work experience at a unique institution. Through dynamic, project-based work assignments and professional development activities, students get:

• A cohort-based learning model with a strong sense of community
• Real-world experience that helps them build strong skills and knowledge in their area of interest
• The chance to contribute to meaningful work that makes an impact on the lives of all Americans
• Opportunities to meet, network with, and work alongside our mission-driven, curious colleagues-all of whom are happy to share their experiences and advice
• An experienced professional mentor to support them throughout the program
• Access to learning events with senior leaders from the New York Fed, giving them direct insight into the public service and financial services world

Sophomore interns work in one specific business area or function for ten weeks , and have access to opportunities for collaboration with other students and employees from arou nd the Bank.

At the end of the program, students leave with strong skills, professional connections, and meaningful experiences that will support them in their long‑term careers.

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.

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:

• 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
• An interest in banking, finance, business, economics, or public policy with a strong academic record
• Interpersonal and collaboration skills, including the willingness and ability to foster working relationships with a range of stakeholders
• Written and verbal communication skills with the ability to synthesize information and explain it clearly
• Organized and resourceful, with the ability to work as part of a team and independently
• Ability to assimilate new information and learn new tools/systems
• Solid analytical abilities

• A demonstrated interest in finance, accounting, economics, capital markets, business, ethics and compliance, or operational management with a strong academic record and passion for data analysis.
• High interest in Finance, Banking, or Economics, with a strong academic record and a passion for public service.
• Experience in data analysis , handling large databases, and using statistical packages (e.g., R, Stata, Matlab , Julia, SAS, Gauss, TSP, RATS, EViews, PROCSQL), or other computer programming experience (e.g., Java, C++, Python).
• Detail oriented with excellent interpersonal and written communication sk ills . Demonstrated working knowledge of Microsoft Office Suite (e.g., Excel, Word, PowerPoint) and Acrobat.
• Ability to work independently as well as in a team environment.

Salary Range:
Your regular wages for the 10 weeks will be paid on a semi‑monthly basis and will be calculated based on an annual salary of $65,600

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job