Research Associate 2027

Federal Reserve Bank of New York; Richmond (VA); On-site; USD 60,000 - 74,000; Full time

Benefits offered by this job

Great medical benefits

Pension and 401(k) with employer match

Paid time off

Tuition reimbursement

Paid volunteer leave

Onsite amenities

Job summary

The Federal Reserve Bank of Richmond seeks highly motivated recent graduates to join its Research Department as a two-year Research Associate. You will work closely with economists on academic and policy-oriented research, conducting data analysis, coding, and literature reviews in a mentorship-rich environment.

Two roles exist: a Richmond-based RA and a DC-based RA with quarterly travel to Richmond. The program emphasizes learning, seminars, and collaboration across projects, with robust

Qualifications

• Bachelor's degree in economics, statistics, and mathematics coursework is preferred.
• GPA of 3.5 or higher required for consideration.
• Experience with computer programming and statistical software (Stata, R, Matlab) is valued.

Responsibilities

• Write computer code to solve dynamic economic models.
• Analyze time-series and panel data.
• Write literature reviews for research topics.
• Assist in model derivations and development.
• Prepare policy briefings and summarize research findings.
• Engage in new long-term projects and collaborate on short-term tasks as needed.

Skills

Economics

Econometrics

Mathematics

Programming

Education

Bachelor's degree in Economics

GPA 3.5+

Tools

Stata

R

Matlab

Job description

Company Federal Reserve Bank of Richmond When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic team of mission-driven professionals to strengthen and protect our economy and our communities. Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a work environment where you can truly find balance.

About the Opportunity

The Research Department of the Federal Reserve Bank of Richmond is looking for highly motivated recent graduates to assist economists with academic and policy-oriented research full-time for 24 months starting in June of 2027. In addition to the Richmond-based positions, the Richmond Fed is also looking to hire a research associate (RA) based in Washington, DC, with travel to Richmond every six weeks required, to assist our economists who work with Census data; you can find more information and apply in this link here. We are looking for candidates from a range of backgrounds, with different interests and perspectives. During the two years they spend in the Department, RAs receive direct mentorship from Research economists and a multitude of opportunities to learn through economist and RA interactions and projects. RAs also regularly attend seminars and lectures and give presentations in RA-led study groups. We provide a friendly and academically oriented environment where RAs can learn, grow and develop their own skills and interests, while contributing to our policy and research projects.

What You Will Do

• writing computer code to solve dynamic economic models
• analyzing time-series and panel data
• writing literature reviews
• helping with model derivations
• assist in the preparation of policy briefings
• add new long-term projects to their responsibilities
• collaborate in short-term tasks during their two years, depending on the economists needs and on their performance

Qualifications

• Bachelor’s degree and extensive coursework in economics (preferred), statistics (Econometrics required), and mathematics (Calc I and II required, Calc III, Linear Algebra, Differential Equations or Real Analysis and similar advanced courses highly valued).
• Applicants must have a GPA of 3.5 or higher.
• Experience with computer programming and statistical analysis software packages (such as Stata, R and Matlab) is highly valued.
• Strong oral and written communication skills are required.
• Evidence of interest and experience in research in the form of previous work as a research assistant, or completion of a senior thesis or term paper, is a plus.

Discover the Reason Why So Many People Love It Here!

• Great medical benefits
• Pension and 401(k) with employer match
• Paid time off
• Tuition reimbursement
• Paid volunteer leave
• Onsite amenities that make working here fun!

Other Requirements and Considerations

Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.

If you need assistance or an accommodation due to a disability, please notify [e-mail].

Peraton Moderate: Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information.

Eligibility for this specific position requires U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.

The salary for this role is $67,000 annually. Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.

Full Time / Part Time

Full time. Regular / Temporary: Regular. Job Exempt (Yes / No): No.

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.

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.