2027 SF Fed Summer Internship - ECONOMIC RESEARCH Intern

Federal Reserve Bank of New York; San Francisco (CA); On-site; USD 29,000 - 50,000; Part time

Benefits offered by this job

Competitive Salary

Summer Housing Stipend

Transportation Stipend

Professional Development

Job summary

Federal Reserve Bank of San Francisco invites undergrad and graduate students to join the Economic Research internship. Interns collaborate with economists on quantitative research using economic and financial data, gaining experience in data analysis and policy-relevant questions.

The program offers mentorship, professional development, and in-person work in San Francisco with a competitive salary and stipends.

Qualifications

• Full-time undergraduate or graduate students enrolled in an accredited college or university.
• Strong quantitative background in econometrics, statistics, calculus, or programming.
• Interest in economics or finance; ability to work independently and in a team.

Responsibilities

• Assist economists with quantitative research and data analysis.
• Work with economic and financial data to support policy-relevant questions.
• Present analyses and collaborate with staff on research projects.

Skills

Critical thinking

Data analysis

Excellent communication

Excel/Word/PowerPoint

Python

Stata

Matlab/R

Education

Undergraduate or graduate student enrollment

Tools

Python

Stata

Matlab

R

Job description

Company Federal Reserve Bank of San Francisco

We are the Federal Reserve Bank of San Francisco — public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the nation’s central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service.

About The 2027 SF Fed Summer Internship Program

At the Federal Reserve Bank of San Francisco, we are passionate about recognizing and developing emerging talent. Our internship program gives college and graduate students the opportunity to experience work-life in a vibrant, dynamic, and collaborative environment. Our program is designed for interns to experience growth professionally and personally, working closely with managers and team members as they share in our great mission of public service. We believe in providing enriching experiences that allow individuals to contribute to finding solutions and identifying opportunities that are critical to their team’s and the Bank’s success.

Economic Research Intern at the SF Fed

Desired areas of study (but not limited to): Computer Science, Data Science, Economics, Econometrics, Finance, Math, Public Policy, Statistics

POSITION REQUIREMENTS AND SKILLS LEVERAGED

• Critical thinking, data analysis, excellent written and verbal communication skills
• Proficiency in manipulating and presenting data and analyses in Microsoft Excel, Word, and PowerPoint
• Programming experience in Python, Stata, Matlab or R
• Superior academic record that includes a strong quantitative background (econometrics, statistics, advanced calculus, or computer programming)
• An interest in economics or finance is essential; interest in pursuing a Ph.D. in Economics is not required, but preferred
• Ability to work independently and with a team
• Ability to prioritize and balance multiple projects
• Effective interpersonal and behavioral competencies such as collaboration, innovation, and leadership

ABOUT OUR GROUP

Our Economic Research Department is a center for innovative thinking about all aspects of the domestic and global economy. Our staff members conduct high caliber research and provide in-depth and independent analysis to help support the Bank’s monetary policy, supervision, and public information responsibilities. Our research and analysis reach a wide and varied audience through publication in top academic journals, other external publications, and web products that cover cutting-edge topics for the general public and specialized audiences. Our work is frequently cited in the media and used as educational resources.

WHAT WILL YOU DO THIS SUMMER?

Research Analyst interns will use skills such as critical thinking, data analysis, written and verbal communication to collaborate with economists and research associates on quantitative research analysis using economic and financial data. This is an exceptional opportunity for interns to work closely with economists at the top of their fields on a variety of research questions and real-world policy issues.

Program Highlights

• 10.5-week paid internship, (May/June-August)
• Orientation & Training
• Meaningful Work & Experiential Learning
• Mentorship
• Networking, Events, and Fun!
• Hosted in-person in San Francisco

Program Eligibility

• Full-time undergraduate or graduate students currently enrolled in an accredited community college, four-year college, or university with an expected graduation date between December 2027 – June 2028
• U.S. Citizen or Permanent Residency
• Keen interest in public service, and the overall mission-driven work of the SF Fed
• Demonstrated leadership ability
• Ability to work 40 hours per week for the full duration of the 10.5-week internship
• Ability to work 5 days per week in-office

Intern Benefits

• Competitive Salary
• Summer Housing Stipend
• Transportation Stipend
• Orientation, Training, and Professional Development
• Subsidized Café Services (SF)
• Dress For Your Day
• Two start dates available (Group 1: May 26, 2027, and Group 2: June 9, 2027)
• Salary range for internship roles (based on position/experience/location): $21.00 - $36.00/hourly

Recruiting Timeline

• Deadline to submit your application is THURSDAY, OCTOBER 15TH.
• Thank you! October 15, 2026 Deadline to submit application, 5pm PT
• October – December 2026 Application reviews & internship interviews December 2026 – January 2027 Intern selection and offer/acceptance letters

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process and perform essential job functions. The SF Fed is an Equal Opportunity Employer.

Full Time / Part Time Part time Regular / Temporary Temporary Job Exempt (Yes / No) No Job Category Internship Family Group Work Shift First (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Privacy Notice

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague.