Summer 2026 Intern Economic Research
Summer 2026 Intern Economic Research
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Job Description
Company
Federal Reserve Bank of ChicagoThe 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. Together with the Board of Governors in Washington D.C. the 12 Banks constitute the nations central bank.Job Description:
The Economic Research Internship offers a number of summer research opportunities across each of our departmental teams inclusive of but not limited to:
- Macroeconomics
- Microeconomics
- Financial Economics
- Community Development
- Regional Research
This program provides students with the opportunity to gain valuable research experience network with peers in the field and to work side-by-side with our economists and research assistants to support research and policy work. The program is designed to help students further develop quantitative analysis critical thinking and writing skills throughout the summer.
Summer projects typically ask interns to:
- Support economists in their basic and applied research inclusive of collecting data conducting moderately complex statistical analysis and organizing the presentation of results
- Assist economists with their research and analysis of policy issues and events
- Prepare a variety of charts tables and descriptive text for staff economists and department management.
Internship Program Details:
The Federal Reserve Bank of Chicago Summer Intern Program is a paid internship that is open to undergraduate graduate and PHD students. It begins in June and continues for 12 consecutive weeks. Interns work 40 hours per week and are assigned to one department.
These internships are ideal for students looking to build their research portfolios who have a potential interest in graduate school or who are considering applying for the Chicago Feds Research Assistant program after graduation. Economic Research Interns are given priority consideration for 2027 RA openings providing positive recommendations regarding performance throughout their internship experience.
Candidate Requirements:
- Currently pursuing at least a Bachelors degree graduating Fall 2026 or later in economics finance or related field (e.g. statistics computer science mathematics etc.)
- Show evidence of aptitude of quantitative and analytical skills through research experience (curricular/extracurricular)
- Some exposure and experience using data/programming languages (e.g. Stata R Python MATLAB ArcGIS etc.)
ALL APPLICATIONS MUST INCLUDE:
1.) A COVER LETTER
2.) RESUME
3.) UNOFFICIAL TRANSCRIPT(S)
4.) AT LEAST TWO REFERENCES (that can speak to your aptitude for research)
Other Things to Know:
Salary Range: The anticipated hourly compensation range for this internship is $20 to $33 with the specific rate offered determined by factors including but not limited to the candidates academic level and relevant experience.
Additional Requirements:
Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
- As a condition of employment Federal Reserve Bank of Chicago employees must comply with the Banks ethics rules which generally prohibit employees their spouses/domestic partners and minor children from owning securities such as stock of banks or savings associations or their affiliates such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment you should raise this issue with the recruiter for this posting who can provide you contact information for our ethics official if necessary.
- 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 employees 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.
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 employees 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.
Full Time / Part Time
Full timeRegular / Temporary
TemporaryJob Exempt (Yes / No)
NoJob Category
Internship Family GroupWork 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 ( or through verified Federal Reserve Bank social media channels.
Required Experience:
Intern
Employment Type
Full-Time
