Research Assistant/Sr. Research Assistant

Dormont Manufacturing Co; Pennsylvania; On-site; USD 50,000 - 70,000; Full time

Benefits offered by this job

Medical insurance options

401k plan

Paid vacation and sick time

Tuition reimbursement

Free onsite fitness center

Job summary

The Federal Reserve Bank of Philadelphia is seeking a Research Assistant to join the Economic Research Department. This role involves supporting economists with statistical analysis, producing Bank publications, and writing software programs using statistical tools. Candidates should have a strong background in economics or mathematics and programming experience.

This position is on-site with a hybrid work option. Benefits include comprehensive medical insurance, a 401k plan with employer match, and more.

Qualifications

• Degree in economics, mathematics, or statistics.
• Preferred coursework in econometrics or advanced statistics.
• Programming experience in relevant software.

Responsibilities

• Assist with statistical and econometric analysis for long-term research.
• Produce various Bank publications for public consumption.
• Write computer programs using statistical software.

Skills

Econometrics knowledge

Programming in SAS, STATA, R, Python, Matlab

Statistical analysis

Education

Undergraduate or graduate degree in economics, mathematics, or statistics

Job description

Company

Federal Reserve Bank of Philadelphia

Job Description Summary

Research assistants (RAs) at the Philadelphia Fed play a key role in the Economic Research Department. Whether they are helping economists prepare briefings on current monetary policy issues, working on economic forecasts, writing newsletters on economic conditions, or analyzing data for long‑term research projects, RAs work as an essential part of our team and gain depth of experience. The Bank’s RA program is structured as a two‑year program, with most RAs continuing on to graduate programs or other careers in economics or related fields after two years with the Bank. Employment is at‑will.

NOTE: The start date for this position will begin in the Summer of 2026!

Salary grade for this position is 8/10.

Requirements

• Undergraduate or graduate degree in economics, mathematics, or statistics
• Coursework in econometrics or advanced statistics, preferred
• Programming experience, preferably in SAS, STATA, R, Python and/or Matlab
• This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in 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 are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.
• Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation. All employees will be subject to FBI fingerprint/criminal background and Patriot Act/Office of Foreign Assets Control watch‑list checks at least once every five years.

Responsibilities

• Assist economists with statistical and econometric analysis for long‑term, academically oriented research projects
• Assist economists with reports and presentations on current economic and financial conditions for pre‑FOMC briefings
• Produce various Bank publications for public consumption
• Identify and collect data or other information from academic journals, market sources, and government reports
• Write computer programs using statistical software such as SAS, Stata, R, Python, and Matlab
• Review, organize, and analyze economic and financial data
• Write or help prepare reports and presentations in the form of graphs or tables

Benefits

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer‑funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More

We are an equal opportunity employer committed to hiring the best candidates and to providing equal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law.

We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

All Federal Reserve Bank of Philadelphia employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates. 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 accept an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide contact information for our ethics officer if necessary. You should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

This position is not a 100% remote opportunity. You will be required to work on‑site in at least a hybrid capacity.