Undergraduate Intern – Business Analysis Focus

09I Federal Reserve Bank of Minneapolis; Minneapolis (MN); On-site; USD 32,000 - 36,000; Full time

Job summary

The Federal Reserve Bank of Minneapolis invites undergraduate students to join its 2027 summer internship to learn about the nation’s central banking system while contributing to real work. Interns are matched to a department, perform meaningful tasks, and participate in workshops to build their professional network and explore a range of careers.

The 12-week program runs May 24, 2027 through August 13, 2027. Interns work 40 hours per week on-site and are paid $23.00 per hour.

Qualifications

• Currently pursuing a post-secondary degree.
• You must be enrolled when you apply, but not necessarily during the internship.
• Open to students graduating December 2026 or later.
• Excellent oral and written communication skills
• Familiarity with standard office software (e.g., Microsoft Office) and willingness to learn new tools
• Effective interpersonal communication skills
• Demonstrate behaviors that align with our core values such as: Service, Integrity, Inclusion, Initiative, Accountability, and Objectivity
• Some positions require U.S. citizenship

Responsibilities

• Completing quality assurance risk assessments
• Supporting statistical and structural reporting data collection and quality analysis
• Organizing enterprise risk management and compliance data
• Analyzing emerging risk trends
• Assisting with business impact assessments
• Evaluating earnings and capital components

Skills

Risk management concepts and frames

Financial and data analysis

Internal audit processes

Change management methodologies

Root cause and critical analysis

Regulatory reporting and data quality

Interpersonal communication skills

Education

Currently pursuing a post-secondary degree

Graduation window: December 2026 or later

Tools

Power BI

Microsoft Office

Job description

Company Federal Reserve Bank of Minneapolis

Be a part of our 2027 summer intern cohort! We are currently accepting applications from undergraduate college students who are interested in learning more about the nation's central banking system while contributing in real ways to our work. As an intern, you'll be matched with a department that can leverage your skills and experience, and you’ll perform work that helps teams meet their goals—ultimately supporting the organization’s mission. You’ll also have opportunities to participate in workshops designed for our intern cohort, build your professional network, and gain exposure to a wide variety of careers.

This internship runs for 12 weeks from May 24, 2027, to August 13, 2027. Interns work 40 hours/week and are paid $23.00/hour. This position requires a regular on-site presence. Applications open November 1, 2026, and close January 3, 2027 at midnight.

Sponsorship: Individuals who need immigration sponsorship now or in the future are not eligible for this position.

Skills Development

• Risk management concepts and frameworks
• Financial and data analysis
• Internal audit processes
• Change management methodologies
• Root cause and critical analysis techniques
• Regulatory reporting and data quality review
• GRC tools and Power BI for visualization and insights

Examples of work performed include

• Completing quality assurance risk assessments
• Supporting statistical and structural reporting data collection and quality analysis
• Organizing enterprise risk management and compliance data
• Analyzing emerging risk trends
• Assisting with business impact assessments
• Evaluating earnings and capital components

Qualifications

• Currently pursuing a post-secondary degree.
• You must be enrolled when you apply, but not necessarily during the internship.
• Open to students graduating December 2026 or later.
• Excellent oral and written communication skills
• Familiarity with standard office software (e.g., Microsoft Office) and willingness to learn new tools
• Effective interpersonal communication skills
• Demonstrate behaviors that align with our core values such as: Service, Integrity, Inclusion, Initiative, Accountability, and Objectivity
• Some positions require U.S. citizenship

We do NOT provide relocation assistance, housing, or travel reimbursement.

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.

Privacy Notice

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.