Summer 2025 Graduate Internship – Data Science

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis Graduate Intern Program in Data Science is intended to introduce full-time or part-time graduate students to the broader Federal Reserve System and, more specifically, the use of data science in the Banking Supervision function. Being at the forefront of overseeing the nation’s largest and most complex financial institutions is a unique opportunity that requires highly analytical and quantitative individuals.

The Grad Intern Program provides an opportunity to work in an intellectually stimulating and collaborative environment, to engage in meaningful public service, and to interact with senior leaders at the Federal Reserve Bank of Minneapolis and across the Federal Reserve System. Interns will gain exposure to and experience with the most important quantitative issues and challenges currently facing the regulatory and financial industries. Interns will receive on-the-job mentoring and professional development as they engage in job duties.

Internship Hourly Wage: $27.00

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration. The first few weeks will require 100% in-person engagement for on-boarding and training.

Program Description:

• Learn to manage, manipulate, interpret, and analyze trends in large sets of data and methodology documents.
• Enhance knowledge in programming and the software development life cycle.
• Handle and summarize large amounts of macroeconomic and banking data.
• Become familiar with different metrics and measures that are used to evaluate the health of the banking system.
• Synthesize information and glean insights related to banking conditions around the country.
• Present technical issues to non-technical audiences and clearly articulate findings in verbal and written form.
• Utilize advanced statistical techniques to analyze conditions in the banking sector, or across various industries or communities.
• Participate in internal networking and mentorship opportunities with quantitative staff and leadership across the Federal Reserve System.

Required Qualifications:

• Currently enrolled and actively pursuing a graduate degree in a quantitative field such as (but not limited to) Computer Science, Data Science, Economics, Engineering, Finance, Mathematics, Physics, Statistics, etc.
• Strong academic record in MS or Ph.D. program.
• Knowledge of query languages such as SQL.
• Demonstrated experience with R or Python. Code samples will be requested from selected candidates.
• Ability to work collaboratively within a team.
• Meet Protected Individual requirement. We are not able to hire anyone that would require sponsorship now or at any point in the future.
• Able to work 40 hours per week throughout the duration of the 12-week internship program, starting in June 2025.
• Strong preference will be given to local (Minneapolis/St. Paul and Helena metropolitan areas) candidates; remote work options to be considered on an exception basis.

Additional Preferred Qualifications (Not Required):

• Knowledge of R Shiny dashboard building and reporting experience using R Markdown.
• Knowledge of collaborative version control platforms such as GitLab.
• Knowledge of Finance and Banking.
• Knowledge of Data Visualization.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible. Must be a U.S. citizen or lawful permanent resident alien with at least three years of legal residency

The Federal Reserve Bank of Minneapolis is committed to equal employment opportunity (EEO) for all persons in all aspects of employment, without regard to race, color, religion, national origin, sex, age, marital status, disability, sexual orientation, gender identity, or genetic information.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship Family Group

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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