2027 Summer Intern - Research Group - Sophomore Intern

Program Description: 

The Sophomore Career Exploration Internship gives undergraduate sophomores the 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 with a strong sense of 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 colleagues—all 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, giving them direct insight into the public service and financial services world 

Sophomore interns work in one specific business area or function for ten weeks, and have 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 in their long-term careers. 

Our Unique Work: 

• The Research & Statistics Group - Research function at the Federal Reserve Bank of New York conducts  

• policy-oriented academic research and provides analytic support for the Bank's responsibilities relating to monetary policy, monetary policy execution, banking supervision, payments systems, and other economic and financial issues. As a summer analyst in Research, responsibilities may include: 

• Assist economists and research associates in the analysis of current public policy issues 

• and events. 

• Assist economists and research associates in long-term, academically oriented research 

• projects. 

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

 How You’ll Make an Impact as a Research & Statistics Intern (Sophomore) 

• As a summer analyst in Research, you must have a demonstrated interest in economics, public policy, mathematics or statistics, and a strong academic record. Additional requirements include: 

• Ability to provide concise, articulate, and insightful economic analysis in written and verbal form. 

• Good leadership skills with the ability to think strategically and demonstrate a broader viewpoint on assignments 

• An interest in banking, finance, business, economics, or public policy with a strong academic record 

• Interpersonal and collaboration skills, including the willingness and ability to foster working relationships with a range of stakeholders 

• Written and verbal communication skills with the ability to synthesize information and explain it clearly 

• Organized and resourceful, with the ability to work as part of a team and independently 

• Ability to assimilate new information and learn new tools/systems 

• Solid analytical abilities 

The Unique Skill Sets We’re Looking For: 

• A demonstrated interest in finance, accounting, economics, capital markets, business, ethics and compliance, or operational management with a strong academic record and passion for data analysis. 

• High interest in Finance, Banking, or Economics, with a strong academic record and a passion for public service. 

• Experience in data analysis, handling large databases, and using statistical packages (e.g., R, Stata, Matlab, Julia, SAS, Gauss, TSP, RATS, EViews, PROCSQL), or other computer programming experience (e.g., Java, C++, Python). 

• Detail oriented with excellent interpersonal and written communication skills. Demonstrated working knowledge of Microsoft Office Suite (e.g., Excel, Word, PowerPoint) and Acrobat. 

• Ability to work independently as well as in a team environment. 

 To Apply: Please include an unofficial transcript. The application deadline is September 28th, 2026 (11:59 PM EST) *. This is a paid internship. Please note, summer housing is not provided. Expected graduation between Winter 2028 Spring 2029 

Other Things to Know: 

Salary Range: Your regular wages for the 10 weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $65,600 

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. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.  

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.   

Our culture is deeply grounded in our Touchstone Behaviors. By working with us, you’ll have the opportunity to develop and demonstrate your 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 achieve success, and set clear expectations for leading with impact at every stage of your career. Learn more.