2024 Undergraduate Summer Analyst - Statistics
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance
*Please note: Apply to all areas that you are interested in within the various tracks. For example, to apply to the entire policy track, you must submit applications for Markets, Research, and Supervision. This does not apply to Technology. *
The Undergraduate Summer Analyst Program provides outstanding undergraduate students with the opportunity to gain valuable work experience at a unique institution. Advanced project work assignments and professional development activities, analysts are provided with an understanding of the work of the New York Fed.
Analysts are assigned to a particular area or function for the summer, but they will also have opportunities for collaboration with other analysts/associates and with employees from around the Bank. In addition to their daily responsibilities, analysts attend weekly presentations and events hosted by People & Engagement’s Early Careers team. These presentations provide an overview of the Bank's responsibilities, operations, and offer a unique opportunity to learn about full-time career opportunities upon graduation. The summer program is the largest recruitment source for the New York Fed’s full-time entry-level hiring.
What we do:
The Federal Reserve Bank of New York’s Data and Statistics function provides critical data capabilities in support of a safe and sound financial system. Our work promotes Financial Stability, the implementation of domestic and internal supervisory policy, and Monetary Policy. The team’s mission is to increase utility and ability to use financial data through standardization, thoughtful collection design, and increase capacity of the Function to scale operations.
What we are looking for:
You must have a demonstrated interest in banking, accounting, economics, finance, operations management, or data management, with a strong academic record and passion for public service.
Demonstrated working knowledge of Microsoft Office Suite and familiarity with Tableau, R or Python is desirable
Specific requirements may be applied based on Group, Function or Area.
Must have an excepted graduation date of Winter 2024 or Spring 2025.
To Apply: Please include a resume and unofficial transcript. The application deadline is November 1st,2023 (11:59 PM EST)*.
This is a paid internship. Please note, summer housing is not provided.
Your regular wages for the eight/ten weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $70,700.00, less applicable taxes.
Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
Federal Reserve Bank of New York summer internships are limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so. Interns must remain in the United States for certain aspects of the pre-employment & background check process, which will start approximately 6 weeks (around mid-March) prior to the first day of the internship.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)No
Work ShiftFirst (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.