Research Associate

Federal Reserve Bank of Boston; Boston (MA); On-site; USD 70,000 - 86,000; Full time

Job summary

Federal Reserve Bank of Boston seeks a Research Associate for a two-year RA program in the Research Department based in Boston, MA. The RA will work with economists on diverse projects and help analyze regional, national, and global economies and monetary policy.

The positions start in June 2027 and require U.S. citizenship. The on-site role emphasizes rigorous data work, literature reviews, and dissemination of research findings to policy makers and journals.

Qualifications

• A bachelor’s degree in economics, math, statistics, computer science, international relations, or related field with concentration in economics.
• Strong analytical, communications, and organization skills.
• Familiarity with programming languages and statistical software packages such as Stata, Python, Matlab, R, and knowledge of statistics and econometrics.
• Prior research or classroom experience analyzing data.

Responsibilities

• Review, organize, and analyze economic and financial data.
• Write programs using statistical software such as Stata, MATLAB, R, SAS or Python.
• Conduct literature reviews, perform thorough data analysis, and prepare written summaries of results for economists.
• Prepare charts and tables using spreadsheet and data visualization software packages.
• Conduct economic research for policy memos and for articles intended for publication by The Boston Fed, academic journals, and business periodicals.
• Design programs to clean data, perform statistical tests, and run regressions. Update and maintain data series regularly used by economists.
• Proofread, edit, and fact-check articles and papers.

Skills

Analytical skills

Communications

Organization

Programming familiarity

Stata

Python

Matlab

R

Statistics & econometrics

Research experience

Education

Bachelor's degree in economics, math, statistics, computer science, international relations, or related field with concentration in economics

Tools

Stata

Python

Matlab

R

Job description

Company: Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: community, innovation, integrity, trust, leadership, and excellence.

The position will be primarily on-site. The individual is expected to reside in the First District.

Position: Research Associate 2027

Location: Boston, MA

The Research Associate (RA) program at the Boston Fed is a two-year program designed for recent college graduates with a background in economics, math, statistics, or related fields. RAs work with economists on a variety of research projects and provide support for ongoing analysis of the New England, U.S., and global economies and monetary policy, as well as bank regulation, the payments system and financial markets.

Positions are available in our Research Department that start in June 2027. The Research Department provides current economic analysis and policy advice to Federal Reserve decision makers and conducts innovative research with the aim of improving our understanding of the regional, U.S. and global economies and encouraging better policy outcomes.

If you are interested in gaining meaningful work experience, expanding your career options, and serving the public, we encourage you to apply for our Research Associate Program.

Applications will be reviewed on a rolling basis until all positions are filled. Incomplete applications will not be considered. Please make sure to include all requested information including 2 letters of recommendation.

RA Responsibilities

• Review, organize, and analyze economic and financial data.
• Write programs using statistical software such as Stata, MATLAB, R, SAS or Python.
• Conduct literature reviews, perform thorough data analysis, and prepare written summaries of results for economists.
• Prepare charts and tables using spreadsheet and data visualization software packages.
• Conduct economic research for policy memos and for articles intended for publication by The Boston Fed, academic journals, and business periodicals.
• Design programs to clean data, perform statistical tests, and run regressions. Update and maintain data series regularly used by economists.
• Proofread, edit, and fact-check articles and papers.

Qualifications

• A bachelor’s degree in economics, math, statistics, computer science, international relations, or related field with concentration in economics.
• Strong analytical, communications, and organization skills.
• Familiarity with programming languages and statistical software packages such as Stata, Python, Matlab, R, and knowledge of statistics and econometrics.
• Prior research or classroom experience analyzing data.

Other Requirements

• Research Associate positions require U.S. citizenship.

The salary for this position is $78,000. The Boston Fed believes in salary transparency. The final salary and offer will be determined by the applicant’s background, skills, internal equity, and alignment with market data. Whether you’re developing into the job or are a more seasoned candidate, we aim to pay competitively.

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.

The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

All applicants must have resided in the United States for at least three (3) years.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

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.

Full time

Regular

Yes

Economics/Research Family Group

First (United States of America)

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