Summer Intern Program
Overview & Program Structure
The Summer Intern Program provides bright undergraduate and graduate students with the opportunity to gain valuable work experience at the Federal Reserve Bank. Through project-oriented assignments and professional development activities, interns receive a solid overview of the business of the Bank while contributing to their designated Fed departments.
Most interns join from late May to mid June when summer break begins and normally work 40 hours per week. Typically, internships last for 10 consecutive weeks in the summer. Some interns may continue to work part-time if the department prefers to retain them during the year.
Profile of Interns
Applicants must have a strong academic record and a demonstrated interest in economics, business, finance, math, marketing, information technology or a field of study relevant to the business of the Bank. Excellent analytical and interpersonal skills are essential.
Past interns emphasize that the program has helped them to hone their skills, learn about the Fed, and build lasting relationships with peers and professionals.
How to Apply
To apply online, please visit our online job search. Any open internships offered by the Bank will appear in this section. If you are selected for an internship, a recruiter will contact you.
The Federal Reserve Board provides students avenues of opportunity for career success. The Board's Avenues Internship Program is designed to provide valuable work experience for undergraduate and graduate students considering careers in economics, finance and accounting, information systems, law, and other areas. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge needed in a competitive global job market. Paid and unpaid internships are available.
Please review all the qualifications for each internship carefully, as some assignments may have different requirements than others.
Assignments | Selection Criteria
The Board employs over 300 Ph.D. economists who represent an exceptionally diverse range of interests and specific areas of expertise. In support of the work of these economists and the Board, the economics divisions offer paid summer research project internships for undergraduate and graduate students majoring in economics, finance, statistics, or mathematics. The economics divisions include the Division of Financial Stability, the Division of International Finance, the Division of Monetary Affairs, and the Division of Research and Statistics.
To be considered for project internship opportunities, please apply to any of the internships titled: Research Project Internship in our applicant tracking system.
If you have questions about research project internship opportunities or if your professor wishes to send your reference letter to us, please direct them to: ProjectInterns@frb.gov
The Division of Information Technology, as well as other divisions, provide a broad range of automation, telecommunications, and statistical services to the Board. College students who have completed their sophomore, junior, or senior years and who are majoring in computer science, economics, business administration, finance, or a related discipline are encouraged to apply for summer internships.
Individuals selected for positions in the Board's Division of Consumer and Community Affairs (DCCA) work alongside industry experts and brilliant analysts. Students have the opportunity to apply their quantitative skills on projects in financial and nonfinancial areas, community development, policy and research, technology development, consumer compliance supervision, and consumer laws and regulations.
To be considered for public policy internship opportunities, please apply to internships titled: Internship: Public Policy in our applicant tracking system.
Finance and Accounting
The Board selects undergraduate and graduate students to work in its Divisions of Reserve Bank Operations and Payment Systems (RBOPS) and Banking Supervision and Regulation (BS&R). Assignments in RBOPS deal with operational policy. Students assigned to BS&R analyze the financial condition of domestic and foreign banking organizations and process applications filed by these financial institutions. In addition to opportunities in RBOPS and BS&R, there are other opportunities in the Board's Division of Financial Management (DFM) and Office of Inspector General (OIG). Students assigned to OIG will have the opportunity to learn how to conduct independent and objective audits, inspections, evaluations, investigations, and other reviews related to the programs and operations of the Board and the Consumer Financial Protection Bureau (CFPB).
To be considered for finance and accounting internship opportunities, please apply to internships tited: Internship: Finance and Accounting in our applicant tracking system.
Students selected for positions in Information Systems work in various divisions around the Board. Assignments include creating public and intranet web pages and assisting application developers in program maintenance, design, coding, and information systems support.
To be considered for information systems internship opportunities, please apply to internships titled: Internship: Information Systems in our applicant tracking system.
Several of the Board's divisions have attorneys who work on challenging and significant legal issues related to commercial, corporate, antitrust, administrative, and banking law. Students have the opportunity to gain firsthand knowledge of these fields. Assignments may include drafting, amending, and interpreting regulations and implementing federal consumer legislation. Applicants must be candidates for a law degree from an accredited law school.
To be considered for law internship opportunities, please apply to internships titled: Internship: Lawin our applicant tracking system.
Other Internship opportunities
The Board has various other internships that attract students in disciplines of business administration, public affairs, computer science, engineering, communications, and other related areas. Assignments will vary per internship experience.
To be considered for additional internship opportunities, please apply to internships titled: Internship: Otherin our applicant tracking system.
Return to Links
Employment in the Board's Student Programs is granted to U.S. citizens. Candidates are selected on the basis of scholastic achievement; a cumulative grade point average of at least 3.0; recommendations; and completed coursework in relevant areas of study. Generally, one-year assignments or summer-only opportunities are available. Other assignment lengths may also be considered. Undergraduate students may be invited back for a period during their graduate program if requested by their host division.
To apply, current students must use the career portal to apply for each specific internship type. The listed internships above will be posted from January 15 to March 1. In addition to your resume/cv, please attach the following to your profile:
- cover letter
- college transcript
- two letters of academic reference directly from professors