Research Intern - 2027

About the role

The Federal Reserve Bank of Cleveland, part of the nation’s central bank, has been named “One of Northeast Ohio’s Best Places to Work” for twenty‑seven consecutive years. The Bank seeks innovative thinkers to join its Research department as interns, contributing to economic research, trend analysis, and monetary policy support.

Responsibilities

• Produce academically respected economic research.
• Monitor and report on regional and national economic trends.
• Help craft public communications on economic issues.
• Model complex economic systems and analyze data.
• Evaluate economic information to support the Federal Reserve Bank of Cleveland’s monetary policy responsibilities.
• Develop data analysis and programming skills while working with economists and research analysts.

Requirements

• Currently pursuing an undergraduate degree in Economics or a closely related field (Finance, Statistics, Mathematics, Computer Science).
• Minimum GPA of 3.0.
• At least one semester left to complete in school.
• U.S. citizen, permanent resident, or green card holder.

Skills

• Working knowledge of econometrics and/or statistics packages such as Stata, MATLAB, R, or Python.
• Prior research experience in economics strongly preferred.
• Excellent oral and written communication skills.

Benefits

• Hands‑on experience with real‑world projects and challenges.
• Mentorship from experienced professionals.
• Networking opportunities within the industry and with fellow interns and employees.
• Professional development through workshops, training sessions, and seminars.
• Onsite work at the Cleveland, Ohio location.

Pay

The expected starting salary range is between $20.50 and $26.00 per hour; final salary will be based on background, experience, skills, internal equity, and market data.

Schedule

Full‑time internship: 40 hours per week for a 10‑ to 12‑week period, starting as early as June and ending as late as September, depending on student schedules and business needs.