Sophomore Career Exploration Intern

ImpactAlpha; New York (NY); On-site; USD 25,000 - 36,000; Full time

Benefits offered by this job

Mentor support

Senior leader events

Networking opportunities

Career development

Cohort learning

Job summary

The Federal Reserve Bank of New York offers a ten-week Sophomore Career Exploration Internship designed for undergraduate sophomores to gain hands-on experience in a central banking environment. Interns work on dynamic, project-based assignments within a specific function and contribute to meaningful work in the U.S.

financial system. The program emphasizes professional development, cohort learning, and mentorship, with opportunities to engage with senior leaders and other interns across

Qualifications

• Currently enrolled as an undergraduate sophomore.
• Interest in banking, finance, or public service.
• Ability to commit to a ten-week summer program beginning in early June.

Responsibilities

• Work on dynamic, project-based assignments within an assigned business area or function.
• Contribute to meaningful work that impacts the U.S. financial system and economy.
• Participate in a cohort-based learning environment with other sophomore interns.
• Engage in professional development activities throughout the ten-week program.
• Collaborate with colleagues and other interns from different departments across the Bank.

Skills

Interest in banking

Public service

Project-based work

Education

Undergraduate sophomore

Job description

About Federal Reserve Bank of New York

The Federal Reserve Bank of New York is one of twelve regional Federal Reserve Banks that comprise the Federal Reserve System, the central banking system of the United States. As the largest and most economically significant of the regional banks, the New York Fed serves the Second District, which encompasses New York State, the twelve northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. The New York Fed's core mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. The institution executes monetary policy decisions made by the Federal Open Market Committee, provides banking services to depository institutions and the federal government, supervises and regulates financial institutions within its district, and conducts economic research that informs policy decisions affecting the nation. Beyond traditional central banking functions, the New York Fed operates several specialized centers and initiatives. The New York Innovation Center bridges the worlds of finance, technology, and innovation to explore high-value central bank-related opportunities. The institution also offers educational programs and training, including the Central Banking Seminar for international central bankers and financial supervisors. The New York Fed engages in community development and education through various programs, including the Fed Challenge for high school and college students, and maintains a museum and learning center dedicated to economic education. The New York Fed is committed to diversity and inclusion, recognizing that a diverse workforce strengthens its ability to serve the public. The institution emphasizes mission-driven work that directly impacts the lives of Americans through its involvement in monetary policy implementation, financial market operations, banking supervision, and economic research.

About this Role

The Sophomore Career Exploration Internship is a ten-week summer program designed to provide undergraduate sophomores with valuable work experience at the Federal Reserve Bank of New York. This program begins in early June and offers participants the opportunity to engage in dynamic, project-based work assignments within a specific business area or function of the Bank. Through this cohort-based learning model, interns develop a strong sense of community while gaining real-world experience that builds skills and knowledge in their area of interest. Participants have the opportunity to contribute to meaningful work that directly impacts the financial system and the broader American economy. The program emphasizes professional development and networking, allowing students to build connections with experienced colleagues who are passionate about public service and financial services. Upon completion of the ten-week program, interns depart with enhanced professional skills, valuable connections within the institution, and meaningful experiences that support long-term career development. The program also provides access to collaboration opportunities with other student interns and employees from various departments throughout the Bank.

Responsibilities

• Work on dynamic, project-based assignments within an assigned business area or function
• Contribute to meaningful work that impacts the U.S. financial system and economy
• Participate in a cohort-based learning environment with other sophomore interns
• Engage in professional development activities throughout the ten-week program
• Collaborate with colleagues and other interns from different departments across the Bank

Requirements

• Currently enrolled as an undergraduate sophomore
• Interest in banking, finance, or public service
• Ability to commit to a ten-week summer program beginning in early June

Benefits

• Cohort-based learning model with a strong sense of community among fellow interns
• Real-world experience building strong skills and knowledge in area of interest
• Opportunity to contribute to meaningful work impacting all Americans
• Networking opportunities with mission-driven colleagues willing to share experiences and advice
• Assigned experienced professional mentor for support throughout the program
• Access to learning events with senior leaders from the New York Fed
• Direct insight into public service and financial services careers
• Professional connections and experiences supporting long-term career development