Research Intern - Summer 2025

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed.

To be considered for this role, candidates must be a U.S. citizen, permanent resident or green card holder.

Join our team onsite as a paid intern – summer 2025!

Take your skills to the next level and gain valuable experience contributing to work within Research.

Research Internship:

The Research department produces academically respected economic research, monitors and reports on regional and national economic trends, and helps to craft public communications on economic issues. The department also models complex economic systems, analyzes data, and evaluates economic information to support the Federal Reserve Bank of Cleveland’s monetary policy responsibilities. 
 
During their time at the Bank, research interns will develop their data analysis and programming skills, and work with the Bank’s Economists and Research Analysts to conduct research in various areas of economics.

Requirements for Research Internship:

• Currently pursuing a Bachelor’s degree with emphasis in economics or a closely related field, such as finance, statistics, mathematics, or computer science.

• Should have at least one semester left to complete in school.

• Working knowledge of econometrics and/or statistics packages such as Stata, MATLAB, R, or Python. 

• Prior research experience in economics strongly preferred.

• Minimum GPA of 3.0.

• Excellent oral and written communication skills.

Application Requirements:

• Resume

• Transcript 

• Cover Letter 

What We Offer:

• Hands-On Experience: Gain practical experience and insights into the operations field through real-world projects and challenges.

• Mentorship: Receive guidance and mentorship from experienced professionals who are committed to your development.

• Networking Opportunities: Build connections within the industry and with fellow interns and employees.

• Professional Development: Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.

Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees will be required to travel by car/air.

This 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. In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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