Research Associate
The Research Associate (RA) program at the Boston Fed is a two-year program designed for recent college graduates with a background in economics, math, statistics, or related fields. Positions start in June 2027.
This position is primarily on-site, and the individual is expected to reside in the First District. The Federal Reserve Bank of Boston serves all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
About the Research Department
The Research Department provides current economic analysis and policy advice to Federal Reserve decision makers and conducts innovative research with the aim of improving our understanding of the regional, U.S., and global economies and encouraging better policy outcomes. RAs work with economists on a variety of research projects and provide support for ongoing analysis of the New England, U.S., and global economies and monetary policy, as well as bank regulation, the payments system, and financial markets.
Responsibilities
- Review, organize, and analyze economic and financial data.
- Write programs using statistical software such as Stata, MATLAB, R, SAS, or Python.
- Conduct literature reviews, perform thorough data analysis, and prepare written summaries of results for economists.
- Prepare charts and tables using spreadsheet and data visualization software packages.
- Conduct economic research for policy memos and for articles intended for publication by The Boston Fed, academic journals, and business periodicals.
- Design programs to clean data, perform statistical tests, and run regressions.
- Update and maintain data series regularly used by economists.
- Proofread, edit, and fact-check articles and papers.
Qualifications
- A bachelor's degree in economics, math, statistics, computer science, international relations, or a related field with a concentration in economics.
- Strong analytical, communications, and organization skills.
- Familiarity with programming languages and statistical software packages such as Stata, Python, Matlab, R, and knowledge of statistics and econometrics.
- Prior research or classroom experience analyzing data.
- U.S. citizenship is required.
Pay
The salary for this position is $78,000. The final salary and offer will be determined by the applicant's background, skills, internal equity, and alignment with market data.