About the role#
The Federal Reserve Bank of Cleveland is seeking a Community Development Intern for the Summer 2027 term. This is a full-time, paid internship based on-site in Cleveland, Ohio. You will gain practical experience by contributing to projects focused on affordable housing, workforce development, and small business access to credit. You will work alongside experienced professionals who provide mentorship and guidance throughout the program.
What you'll do#
- Apply quantitative and qualitative research methods to analyze economic and community development programs.
- Gather data from various sources and manipulate datasets using tools like Excel, STATA, R, and Python.
- Draft content for online and written publications and briefs for internal and external audiences.
- Support the team with outreach efforts, public programs, and events.
- Participate in workshops and training sessions designed to build your professional skills.
What you'll need#
- Currently pursuing a Bachelor’s or Master’s degree in Economics, Public Administration, Public Policy, Urban Studies, or a related field.
- A minimum GPA of 3.0 and at least one semester of school remaining after the internship.
- Experience collecting, manipulating, and analyzing large datasets.
- Strong writing, interpersonal, and technical skills.
- Ability to multitask and work effectively in a deadline-driven environment.
- Must be a U.S. citizen, permanent resident, or green card holder.
Location & details#
- Location: Cleveland, Ohio (On-site).
- Term: Summer 2027, spanning 10 to 12 weeks.
- Schedule: Full-time, 40 hours per week.
- Compensation: Hourly rate between $20.50 and $26.00, depending on background and experience.
- Requirements: Candidates must pass a background check and drug screening. Employees must comply with specific bank ethics rules regarding financial holdings.
About Federal Reserve System
The Federal Reserve System acts as the central bank of the United States. It manages national monetary policy, supervises banking institutions, and provides financial services to the government. The organization maintains a presence across the country with multiple regional banks. It employs over 10,000 people to support its economic mission.
How to get in at Federal Reserve System
Securing an internship at the Federal Reserve System requires speed because hiring managers often review applications as they arrive. Intern Insider sends an instant alert the moment a role matching your target is published, so you apply among the first and get seen before the pile grows. It is a simple way to stay ahead of the crowd during a competitive cycle. You can also improve your chances by reaching out to the recruiters behind the company's roles directly. Intern Insider surfaces these contacts so you can ask about the position or request a referral, which materially improves response rates. Connecting with a human recruiter often provides the clarity you need to stand out.
