Guiding the Nation's Economy: Careers at the Federal Reserve Board of Governors, home page.
Guiding the Nation's Economy

Economic Research Division Internships

Summer Project Internships

The Divisions of Research and Statistics and Monetary Affairs offer summer paid and unpaid project internships for undergraduate and graduate students. Internships last ten to twelve weeks and while at the Board, interns are assigned to particular research projects.

These positions are available to students majoring in economics, finance, statistics, mathematics, or computer science. Internship selections are based solely on academic records and references and interviews are conducted by phone.

The Board gives preference in hiring to qualified U.S. citizens and nationals. Therefore, applicants for project internship positions must be U.S. citizens or nationals.

To Apply

The application deadline is April 1 and the following application materials must be sent by e-mail to projectinterns@frb.gov:

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Off Season Unpaid Internships

Throughout the year, the Divisions of Research and Statistics and Monetary Affairs occasionally offer opportunities for students to work on projects as unpaid interns. The duration of the internship is generally ten to twelve weeks, depending on the assigned projects. Applications for these unpaid positions are accepted on a rolling basis and in order to be considered, we must receive the above application materials.

The Board gives preference in hiring to qualified U.S. citizens and nationals. Therefore, applicants for unpaid internship positions must be U.S. citizens or nationals.

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Project Internship Frequently Asked Questions (FAQs)

  1. If I apply to the internship program in the Divisions of Research and Statistics or Monetary Affairs, will I be considered for internship positions in other non-economic divisions at the Board?

    Applications submitted to projectinterns@frb.gov will be considered for the intern positions in the Divisions of Research and Statistics and Monetary Affairs only.

  2. Are the interviews conducted at the Federal Reserve Board in Washington, D.C.?

    On-site interviews are not conducted. Selections are based solely on phone interviews, academic records, and references.

  3. Will my application be considered for internship positions at the Federal Reserve Banks?

    The Federal Reserve Board and each Federal Reserve Bank work independently in hiring employees. To be considered for positions at a Federal Reserve Bank, you must contact the individual bank of interest to learn of employment opportunities.

  4. Can I apply for both paid and unpaid internship positions?

    Yes. Indicate your interest in paid, unpaid, or both positions in your cover letter. Unpaid internship positions are only considered after all of the paid internship positions are filled.

  5. I am a sophomore, should I still apply?

    Most of our projects require a level of knowledge normally obtained by a minimum of three years in an undergraduate program. However, all interested applicants are welcome to apply.

  6. Will someone notify me when my internship package is received by your office?

    Applicants for summer internships will receive confirmation of receipt by e-mail as soon as their entire package is received. Selections are usually made by April 30. Applications received for unpaid internships during periods other than the summer will be acknowledged only if a project becomes available.

  7. Do all of my letters of recommendation have to be written by professors?

    Yes. Professors should send letters of recommendation directly to the Board via e-mail or fax.

  8. If I am selected as a summer intern, when would I start and how long does the program last?

    Summer interns may begin as early as May. Start dates are agreed upon by the hiring supervisor and the selected candidate. Summer internships end within 90 days of the intern’s arrival.

  9. Does the Board provide housing for out-of-state interns?

    The Board does not provide housing for the internship program. Selected students may find housing opportunities in the local newspapers, websites, (for example, www.internsdc.com) or nearby universities.

  10. What type of projects are summer interns assigned?

    Due to the various areas of concentration in the research divisions, internship projects range from collecting data to applying theory. Interns work under the direct supervision of an economist and generally with the assistance of a research assistant. Before the telephone interview, candidates are provided information about the project for which they are being considered.