About the role#
This is a paid, full-time internship for PhD students in Data Science or Computer Science. You will join the Federal Reserve Bank of Chicago for a 10-12 week program beginning in June 2027. This role offers exposure to our operations through project-based assignments and professional development activities that support our mission.
What you'll do#
- Contribute to your assigned department while gaining insight into the Federal Reserve System.
- Build relationships with subject matter experts, Bank leadership, and fellow interns.
- Interpret data and analytics to develop insights, tell stories, support decision-making, and measure impact.
What you'll need#
- Current enrollment in an accredited PhD program with a graduation date of December 2027 or later.
- U.S. Citizenship or Permanent Residency status.
- A minimum 2.75 GPA.
- Ability to work 40 hours per week for the duration of the program.
- Intermediate proficiency in Word and Excel.
- Strong communication skills, including the ability to present information to small or medium groups.
- A detail-oriented, self-motivated approach with the ability to work independently and as part of a team.
- Ability to interact professionally with internal and external clients.
Location & details#
- Location: Chicago, Illinois.
- Modality: On-site or hybrid, depending on department requirements.
- Term: Summer 2027.
- Compensation: $20 to $33 per hour, based on academic level.
- Note: This position requires additional screening, including background and credit checks, and compliance with Bank ethics rules regarding the ownership of bank securities.
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
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