Research Assistant/Sr. Research Assistant

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.

It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Research assistants (RAs) play a key role in the Economic Research Department.

Whether they are helping economists prepare briefings on current monetary policy issues, working on economic forecasts, writing some of our newsletters on economic conditions, or analyzing data for long-term research projects, RAs are an essential part of our team.

The department is organized into four sections: Macroeconomics, Banking, Consumer Finance Institute, and Regional/Microeconomics.

Within these sections, our economists conduct innovative research on monetary policy, macroeconomics, banking and finance, financial services regulation, payments, regional and urban economics, and other aspects of central banking.

By working with economists on these research projects, RAs fully experience all stages of the economic research process.

The Bank’s RA program is structured as a two-year program, with most RAs continuing on to graduate programs or other careers in economics or related fields after two years with the Bank.

Employment is at-will.

The salary grade for this position is: 8/10.

Final salary and offer will be determined by the applicant's background, experience and skills, as well as internal equity and alignment with market data.

NOTE:  The start date for this position will begin in the Summer of 2027!

To Apply: Please attach your cover letter, resume, and unofficial transcript to the Attachments tab.

We may ask for 2 letters of recommendation, but, please do not have them sent until requested by the hiring team.

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.

It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware. 

Our department prides itself on its collegial atmosphere.

RAs help one another develop their statistical, data, and programming skills.

Our economists collaborate on research with academic and central bank colleagues from around the world; as a result, so do our research assistants.  

The assignments in the Economic Research Department offer our RAs a number of ways to increase their knowledge of econom...