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Federal Reserve Bank of Chicago

Summer 2025 Ph.D. Research Fellow Internship

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Hybrid
Chicago, IL
Hybrid
Chicago, IL

Company
Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago is recognized as one of the most influential, trusted and prestigious financial institutions in the world. We serve the Seventh District encompassing Iowa and most of Illinois, Indiana, Michigan, and Wisconsin, and is one of the 12 regional Reserve Banks in the United States. The twelve banks, along with the Board of Governors in Washington, D.C., make up the nation's central bank. What makes us unique? We are a regulatory bank. This internship gives you the opportunity to intern for a bank that supervises other banks.
Ph.D. Summer Internship Opportunities at the Chicago Fed
The Chicago Fed's Research Department sponsors a summer internship program for Ph.D. students to enable participants to conduct research, present results, and engage with experienced economists.
Ph.D. Internships at the Chicago Fed
The Research Department seeks qualified candidates for summer 2025 internship positions. Ph.D. students in macroeconomics, applied microeconomics, or financial economics who are actively working on their dissertation are encouraged to apply.
The program is designed to provide students with the opportunity to advance their research project and participate in the intellectual life of the Department. Interns will be mentored by experienced economists on their research as well as on a variety of potential career concerns. They will also have the opportunity to present their work in our seminar series and interact with staff and visiting economists.
Interns are hosted for up to twelve weeks, beginning the 2nd week of June, and receive compensation during the program. Interns are expected to adhere to the Department's attendance schedule and be in the office on Tuesday, Wednesday and Thursday, at a minimum.
Please note that all program participants must be authorized to legally work in the United States. Applicants who are not currently authorized to work in the United States must make arrangements independently to obtain the necessary work permissions to be able to participate in the program. The Chicago Fed does not sponsor visas nor work permits for this position.
How to Apply:
In addition to filling out the Workday application, please send the materials outlined below to[email protected].

  • a CV, ideally with links to available research papers
  • a one-page description of the research project you will be working on during the summer
  • a copy of your graduate transcript (unofficial copy is acceptable)
  • one letter of reference from an advisor (sent by the advisor to the above email address)


The application deadline is March 23rd, 2025.
Pay: $33/hr.
Other Requirements and Physical Requirements
This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
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 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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