2027 Summer Intern - Markets Group - Chicago -Graduate Intern

Program Description

The Graduate Summer Associate Program gives graduate students the opportunity to gain valuable work experience at a unique institution. Through dynamic, project-based work assignments and professional development activities, students get:

• A cohort-based learning model with a strong sense of community
• Real-world experience that helps them build strong skills and knowledge in their area of interest
• The chance to contribute to meaningful work that makes an impact on the lives of all Americans
• Opportunities to meet, network with, and work alongside our mission-driven, curious colleagues—all of whom are happy to share their experiences and advice
• An experienced professional mentor to support them throughout the program
• Access to learning events with senior leaders from the New York Fed and other notable institutions, giving them direct insight into the public service and financial services world

Graduate interns work in one specific business area or function for ten weeks, and have access to opportunities for collaboration with other students and employees from around the Bank. At the end of the program, students leave with strong skills, professional connections, and meaningful experiences that will support them their long-term careers.

Our Unique Work

The Markets Group at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts. Through its analytical and operational areas, the Markets Group:

• Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
• Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System
• Monitors and analyzes developments related to financial stability
• Supports debt issuance and debt management on behalf of the U.S. Treasury
• Provides foreign exchange services to the U.S. Treasury
• Provides account services to foreign central banks, international agencies, and U.S. government agencies

How You'll Make an Impact as a Markets Intern (Graduate)

• Participate in projects related to analyzing and understanding global and domestic financial market developments
• Support senior staff with economic and financial market data analysis
• Prepare documentation which may include tables, charts and graphs used to support financial market monitoring and analysis conducted by the Group

The Unique Skill Sets We're Looking For

You should have a demonstrated interest in economics, public policy, finance, and a strong academic record. You should also have:

• Quantitative analysis skills and familiarity working with spreadsheets, databases, and analytical tools (e.g. Excel, SQL)
• Academic exposure and/or experience in international and domestic capital markets and instruments, and US monetary policy and economics
• Ability to source, prepare, and visually represent data for written reports using common tools (e.g. Excel, Tableau)
• Ability to perform preliminary research and help prepare data regarding foreign and domestic markets issues
• Programming experience (e.g. Python, R) is a plus
• Relevant professional work experience is also a plus

To Apply

The application deadline is October 5th, 2026 (11:59 PM EST). This is a paid internship. Please note, summer housing is not provided. Expected graduation between Winter 2027 & Spring 2028.

Pay

Your regular wages for the 10 weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $83,500. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you're stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

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. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.