2024 Research Division Summer Internship
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of St. LouisAbout the Intern Program:
The Federal Reserve Bank of St. Louis has a Summer Internship Program that allows you the opportunity to learn about economics in the United States through the perspective of the Federal Reserve System.
The program consists of:
• Direct exposure to bank operations
• Valuable work experience in public service
• Developmental workshops
• Q&A sessions with senior leaders
• Departmental information and networking sessions
• Mentoring program
• Structured capstone experience
There are opportunities for undergraduate students who possess strong interpersonal, analytical, communication, and organizational skills with a solid work ethic and strong motivation to learn.
About the Research Division:
The Research Division conducts economic research and provides information and economic education services, all of which are used by policymakers, other researchers, teachers, students and the public. The division also supports the St. Louis Fed president in his role as a member of the Federal Open Market Committee.
The Research division’s goal is to promote quality economic research, contribute to economic policy discussions, and provide premier information and economic education services to specialists and the general public alike while expanding the frontier of economic knowledge around the globe in the areas of money and banking, macroeconomics, and international and regional economics.
About the Positions:
Previous interns have gained experience in multiple areas within the Research Division.
- Research data sources and methodologies of macroeconomic data series.
- Compile anecdotal information from business contacts in the 8th district.
- Create charts and tables of economic indicators.
- Conduct statistical and econometric data analysis in programs such as STATA, Matlab, and R.
- Write summary reports on methodology and results.
- Review our online learning modules for ease of use and relevance to audience
- Work with staff to produce and update economic education content
- Work with staff to align content with national and state standards
- Work with staff to update the zone’s e-mail database of educators
- Work with staff to host educator professional development workshops
- Support various website development initiatives
This position provides you with an opportunity to work with economic education professionals to test and develop industry-leading K-12 curriculum materials.
Digital History & Archives
- Gain experience in historical document research, evaluation of online resources, and professional writing, as well as library and metadata skills.
- Produce content to add to the FRASER collection. Potential projects include:
- Process a digitization project from start to finish, including scanning, image editing, and metadata creation.
- Create a timeline of resources for a topic relevant to FRASER materials.
- Complete an internal project to improve the Research Division’ content. Potential projects include:
- Investigate FRASER collection for images to use for visual marketing.
- Identify historical legislation relating to the Federal Reserve, banking, and economics to be added to FRASER.
- Create an annotated bibliography of Federal Reserve System archival materials on a given topic.
- Write short articles for Inside FRASER, FederalReserveHistory.org and/or FRED Blog highlighting historical content.
- Gain experience supporting the creation of economic research, writing professionally, and marketing library services.
- Develop research guides for various topics related to economics and finance.
- Help manage library collections by updating records and enhancing metadata.
- Identify and gather relevant content to share with Fed employees which highlight library resources.
- Search for relevant open access data resources to augment the library's data collection.
- Assist with the development of a communications plan for library and data services.
- Must have a 3.5+ overall GPA
- Undergraduate Student
- Rising college junior or senior preferred
- Candidate for bachelor’s degree in Economics, Business (finance), Education, or related field; or candidate for master’s degree in Library and Information Science (FRASER internship only)
- Candidates with a demonstrated interest and strong proficiency in (a) math/statistics or (b) education.
- All positions require excellent Excel, Word, and Adobe Acrobat skills. (Additional software requirements are noted within respective job descriptions).
- Interest in monetary policy, macroeconomics, and macroeconomic and banking data is a must.
- Demonstrated analytical/critical thinking skills
- Excellent written and verbal communication skills
- Strong interpersonal and organizational skills
- Ability to work independently while managing numerous projects and work processes
Complete the online application for the Research Intern position at Careers St Louis Fed
- Cover Letter
- Unofficial Transcript
- Brief Writing Sample
- Completed Summary File; available for download here.
Application Deadline: Friday October 13th, 2023
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.
Hourly Rate: $20/hour
In addition to competitive compensation, we offer a comprehensive benefits package that all brought together in a flexible work environment where you can truly find balance:
- Generous paid time off
- Tuition & Training assistance/reimbursement
- 401(k) match & Annuity/Pension fund
- Top-notch health care benefits
- Child and family care leave
- Professional development opportunities
- And more...
Ranked as the #2 Top Workplace in the St. Louis Region in 2020, the Federal Reserve Bank of St Louis is committed to building an inclusive workplace, where employees' diversity—in age, gender, race and ethnicity, sexual orientation, gender identity or expression, disability, and cultural traditions, religion, life experiences, education and socioeconomic backgrounds—are recognized as a strength. Learn more about the Bank and its culture; check out our Careers Site.
The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.
Full Time / Part TimePart time
Regular / TemporaryTemporary
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.