Community Development Intern - 2027

Federal Reserve Bank of New York; Cleveland (OH); On-site; USD 29,000 - 36,000; Full time

Job summary

The Federal Reserve Bank of Cleveland is offering a paid internship in the Community Development department for current undergraduates or graduates. You will work on team projects, conduct quantitative and qualitative research, and support publications and outreach.

The internship is onsite in Cleveland, Ohio, 40 hours per week for 10–12 weeks starting as early as June. Applicants must be pursuing a Bachelor's or Master's in Economics, Public Policy, or related field with a GPA of 3.0, have

Qualifications

• Currently pursuing Bachelor’s or Master’s degree in Economics, Public Administration, Public Policy, Urban Studies, or related field with a minimum GPA of 3.0.
• Should have at least one semester left to complete in school.
• Strong writing and interpersonal skills.
• Strong computer/technical skills required.
• Experience collecting, manipulating, and analyzing large datasets (Excel required, GIS, R, Python or STATA a plus).
• Ability to work in a deadline-driven environment and multitask.
• Problem solving skills.
• Requires communicating well with people at different levels.

Responsibilities

• Contribute to team projects using quantitative and qualitative research methods in economic and community development.
• Assist with data gathering and analysis using Excel, STATA, R, and Python.
• Prepare online and written publications and briefs for internal and external stakeholders.
• Assist with outreach, public programs and events.

Skills

Writing skills

Interpersonal skills

Data analysis

Excel

R/Python

Deadline-driven

Multitasking

Education

Bachelor’s or Master’s degree in Economics/Public Policy/Urban Studies (GPA ≥3.0)

Tools

Excel

GIS

R

Python

STATA

Job description

Company Overview

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!

Job Overview

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

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed. To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder. Take your skills to the next level and gain valuable experience contributing to work within the Community Development department.

Intern Duties

• Contribute to team projects using quantitative and qualitative research methods to learn about economic and community development programs and policies, focused on affordable housing, workforce and economic development, access to good jobs, small business access to credit and other issues that disproportionately affect impact low and moderate‑income individuals and communities.
• Assist with additional research involving gathering data from various sources and manipulating data using statistical packages and programming languages such as Excel, STATA, R, and Python.
• Participate in the preparation of online and written publications and briefs for internal and external stakeholders.
• Assist with outreach, public programs and events.

Requirements for Internships

• Currently pursuing Bachelor’s or Master’s degree in Economics, Public Administration, Public Policy, Urban Studies, or related field with a minimum GPA of 3.0.
• Should have at least one semester left to complete in school.
• Strong writing and interpersonal skills.
• Strong computer/technical skills required.
• Experience collecting, manipulating, and analyzing large datasets (Excel required, GIS, R, Python or STATA a plus).
• Ability to work in a deadline‑driven environment and ability to multitask.
• Problem solving skills.
• Requires communicating well with people at different levels, frequently sharing information with others while listening to and understanding their points of view.
• Requires logical analysis and solving problem skills, step by step, often looking beyond the obvious solution to a problem and digging deeper for the best solution.

What We Offer

• 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.

Our interns will work onsite at our Cleveland, Ohio location. 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.

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.

Physical Demands and General Working Conditions

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.

Bank’s Ethics Rules and Drug Testing

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” means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting. In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

Reasonable Accommodation Statement

To request a reasonable accommodation for any part of the employment process, please send an email to [e-mail]

Job Details

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

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.