Undergraduate Intern – Research Focus

09I Federal Reserve Bank of Minneapolis; Minneapolis (MN); On-site; USD 26,000 - 37,000; Full time

Benefits offered by this job

Not specified

Job summary

The Federal Reserve Bank of Minneapolis is seeking undergraduate students for a 2027 summer internship. You will be matched with a department to apply your skills and contribute to real projects within the central banking system.

Interns work 40 hours per week for 12 weeks from May 24 to August 13, 2027, and are paid $23.00 per hour. On-site presence is required, and immigration sponsorship is not offered for this position.

Qualifications

• Currently pursuing a post-secondary degree.
• Able to enrolled when applying but not necessarily during internship.
• Open to students graduating December 2026 or later.
• Excellent oral and written communication skills.
• Familiar with standard office software and willing to learn new tools.
• Effective interpersonal communication skills.
• Demonstrate behaviors aligned with core values: Service, Integrity, Inclusion, Initiative, Accountability, Objectivity.
• Some positions require U.S. citizenship.

Responsibilities

• Conduct investigative research to support economic and community development work.
• Perform data processing, cleaning, and analysis of datasets.
• Assist with survey and engagement research including work involving Native Nations.
• Support wealth and debt data analysis using SIPP.
• Create communications materials and newsletters.
• Assist with housing affordability research and quantitative data projects.

Skills

Investigative research techniques

Statistical programming

Literature review

Data cleaning

Research communication

Oral and written communication

Interpersonal communication

Core values alignment

Education

Post-secondary degree in progress

Tools

R

Stata

GitLab

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.

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

Skills Development: Interns develop foundational research, data, and communication skills used in economic and community development research.

• Investigative research techniques
• Statistical programming in R, Stata, and GitLab environments
• Literature review and data cleaning
• Factchecking and research communication
• Economic and community development research methods

Examples of work performed include:

• Researching options to guide financial education efforts
• Processing and cleaning datasets
• Supporting survey and engagement research, including work involving Native Nations
• Conducting SIPP wealth and debt data analysis
• Creating communications materials and newsletters
• Assisting with housing affordability research and quantitative data projects

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

Please note: 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.