Summer 2027 Academic Research Internship

Federal Reserve System; Richmond (VA); On-site; USD 27,000 - 38,000; Full time

Benefits offered by this job

Employee resource networks

Flexible work options

Onsite amenities

Job summary

The Federal Reserve Bank of Richmond is offering a paid summer internship for students in Economics, Mathematics, Statistics or related disciplines to assist research economists with policy-oriented and academic research.

Interns will conduct literature reviews, write code for time-series and panel data, and present findings. The program emphasizes mentorship, seminars, and exposure to academic research careers within the Fed.

Qualifications

• Currently enrolled in Economics, Mathematics, Statistics or related disciplines.
• Interest in research and data analysis within an academic setting.
• Ability to assist with literature reviews and coding tasks under supervision.

Responsibilities

• Conduct literature reviews and write code to analyze time-series and panel data with mentoring RA.
• Present findings at the end of the internship on a studied article or data analysis.
• Support multiple economists on varied topics, including macro, econometrics, and regional economics.

Skills

Literature review

Time-series analysis

Panel data analysis

Programming (R/Python)

Education

Economics

Mathematics

Statistics

Tools

Stata

R

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.

About the Opportunity

The Research Department of the Federal Reserve Bank of Richmond is looking for highly motivated students in Economics, Mathematics, Statistics or related disciplines to assist research economists with policy-oriented and academic research in a paid internship during the summer of 2027.

We are looking for candidates with diverse backgrounds, interests, and perspectives. We provide interns with many opportunities to learn in their daily work interactions with economists and RAs, as well as through seminars, lectures, and RA-led study groups. We provide a friendly and academically-oriented environment where interns can learn about academic research careers and the Fed. Visit us online for more information about the Research Department and the RA program.

What You Will Do:

Responsibilities for interns include literature reviews and writing computer code to analyze time-series and panel data alongside a Research Associate (RA) who mentors them throughout the summer. Interns are invited to give a presentation at the end of their stay on an academic article they studied or the data they helped analyze.

The intern and RA pool supports multiple economists with their academic research on wide-ranging topics including general equilibrium macroeconomic models, time-series econometrics, labor economics, financial economics, contract theory, public and health economics, industrial organization, and regional economics.

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Employee resource networks
• Flexible work options
• 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.
• Sponsorship is not available for this role.
• Onsite presence required
• The hourly rate for summer interns is $23.50/hour.
• If you need assistance or an accommodation due to a disability, please notify [e-mail].
• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
• Selected candidate is subject to special background check procedures.

The Federal Reserve Bank of Richmond provides equal opportunity to all individuals without regard to race, sex, color, religion, gender identity or expression, sexual orientation, national origin, age, disability, or genetic information.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship Family Group

Work Shift

First (United States of America)

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.