Year-Round Internship - Research department - Business Outlook Survey - (Onsite/Hybrid)

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Philadelphia, PA, USA
Posted on Thursday, February 8, 2024


Federal Reserve Bank of PhiladelphiaThe Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth!

The Federal Reserve Bank of Philadelphia is seeking a rising Junior or Senior level undergrad student with a preferred major in Economics. This opening is onsite and will consider hybrid candidates as well. The work schedule is Monday – Friday (40 hour per week) during the Summer and up to 20 hours a week year round. The hourly rate for this position is $21.00 per hour.

Business Outlook Survey Intern: This position involves working with business surveys for the regional economics section of the Research Department. This section is responsible for evaluating regional data using published sources as well as gathering information from the department’s own regional business surveys. The successful candidate will gain exposure to survey research including our Manufacturing Business Outlook Survey, which is nationally recognized and has run for over 50 years. The work involves learning about various aspects of survey production (including compilation of survey questions, data collection, and analysis); improving data quality; and maintenance of a panel data set.

As time permits (and our needs dictate), the intern may be asked to assist in discrete tasks on other Regional Economic Analysis Team projects. The intern will also have the opportunity to participate in research department seminars and meetings of the regional economics group.

Physical requirements: sitting at a computer for long periods of time.

Required Technical Skills:

Working with data and data manipulation are essential, e.g., experience with advanced capabilities in Excel, Access, or STATA.

Experience with programming skills, e.g., knowledge of R, would be a plus.

Experience/familiarity with statistical/econometric software would be a plus.

Preferred Competencies:

Substantive communication skills

Ability to work independently and with teams

Strong attention to details

Excellent organizational skills


Flexibility to manage multiple priorities

Additional Information:

The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

We have eight Employee Resource Groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.

We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

Certain eligibility rules apply. You will provide work authorization to prove your eligibility to work in the United States.

The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

This is an onsite or hybrid opportunity. When working in a Hybrid environment, you will be working in the office several days a week.

Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed

Full Time / Part Time

Part time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Work Shift

First (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.

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