PhD Summer Research Intern

Program Description:

The Graduate Summer Associate Program gives graduate studentsthe 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 witha strong senseof 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 colleaguesall 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 tenweeks andhave 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 PhD Intern program allows interns toparticipateas members of the research community whileengaged in a research project of their own choosing. They are expected to work independently and will bementored by experienced economists both on scientific issues and career issues such as negotiating

publications the job market and advancement strategies. They are encouraged to attend seminars andpresent at least one research seminar at the during their time at the Bank. The PhD interns are typicallyeither postdocs or graduate students at the dissertation stage.

• Assisteconomists and research associates in long-term academically oriented researchprojects.

• Conduct econometric analyses intended for Bank publications as well as academic journals.

• Programming in statistical packages such as SAS STATA and MATLAB.

HowYoullMake an Impact as aPhD Intern

• Present your workand receive feedback froma wide range of economists.

• Share your ideas andinsights to help improve frontier academic research.

The Unique Skill SetsWereLooking For:

Experienced: Acts as a seasoned individual contributor. Works independently with limitedsupervision andmay manage projects/processes. Coaches and reviews the work of other professionals. Faces problemsthat are difficult and sometimes complex. Influences othersregardingpolicies practices and procedures.Tactical (40%) focused on the plans to achieve goals andobjectivesthehow Transactional (60%)carries out defined steps orprocesses. Achievesoperational targets with significant impact on departmental results. Works independentlyon larger complex projects/ assignment. Manages entire projects or processes within their job area. Performswork under intermittent supervision with significant autonomy and discretion; plans and arranges short-termwork. Meets less clearly defined goals.Communicates with parties within and outside of their own function which may include externalorganizations. Influences parties within and outside of their function at an operational levelregardingpolicies procedures and practices.Requires higher knowledge of their job area. Has practical knowledge of project and process management.Experienced understanding of business line and of specialized discipline and an understanding ofthe overallBank.Provides resolution to a diverse range of recognizable complex problems. Analysis istoidentifyroot cause. Uses judgment within defined boundaries to develop alternate solutions both long and shortterm. Problem/Task resolutiontimeframe: Inclusive of shortertimeframes but typicallythe majority oftaskstake three to six months to resolve.

To Apply:Please include a CV and an unofficial addition please have a recommendation letter from faculty sent to

Please attach a document (Word or pdf format) to your workday application where you answer (in order and clearly numbered) the following questions about you and your research interests:

1.) First name last name

2.) What institution are you currently enrolled in for your PhD

3.) In which field is your PhD program (e.g. economics finance accounting political economy)

4.) In which year did you start your PhD program (e.g. fall 2022)

5.) In which academic year do you expect to be on the job market (e.g. fall 2026)

6.) Are your research interests more closely aligned with the Banksreal-side research groupsor with itsfinance-focused researchgroups

7.) What is your primary field of research (e.g. macro micro finance )

8.) What is your secondary (sub-)field of research (e.g. growth labor IO asset pricing banking )

9.) What is the tentative title of the research project you would like to pursue during the internship

10.) Who is your letter writer (name and institutional affiliation)

The application deadline isMarch 9 2026(11:59 PM EST) *.This is a paid internship. Please note summer housing is not provided.Expected graduation between Winter 2026& Spring 2027.

Salary Range:$94900

We believe in transparency at the New York Fed. 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. Whetheryourestretching into the job or are a more seasoned candidate we aim to pay competitively for your contributions.

Find Out WhyWerean Award-Winning Workplace:

• Top 3 Most Inspiring Public Sector Workplaces in North America(Inspiring Workplaces)

• Early Talent Award Winner(Handshake)

• Campus Forward Award Winner(Ripple Match 2023)

Our culture is deeply grounded in our Touchstone Behaviors. By working with usyoullhave the opportunity to develop anddemonstrateyour ability to Communicate Authentically Collaborate Inclusively Drive Progress Develop Others and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achievesuccess andset clear expectations for leading with impact at every stage of your career.Learn more.

Apply now ifyoureready to join us in strengthening the U.S. economy together. Want to consider our other opportunitiesClick hereto see all our open roles.

The New York Fed expects its employees to perform their duties with honesty integrity and impartiality and without improper preferential treatment of any person.Learn more about our code of conduct and conflicts of interest rules.

We value accessibility for all candidates and are happy to provide an accommodation orassistance. Please email us atandwellbe glad to help.Please note this email box is designed exclusively toassistjob applicants with accommodation requests. All other inquires including the status of applications will not receive a response.

This is not necessarily an exhaustive list of all responsibilities duties performance standards or requirements efforts skills or working conditions associated with the job. While this is intended to bean accuratereflection of the current job management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.