Research Assistant/Sr. Research Assistant (Hybrid)

Company

Federal Reserve Bank of Philadelphia

Research assistants (RAs) at the Philadelphia Fed 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 work as an essential part of our team and gain depth of experience. 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.

NOTE:  The start date for this position will begin in the Summer of 2025!

The job description below reflects the higher level of a dual grade job posting.  Candidates who possess a slightly lower level of experience, education, or qualifications may also be considered.

The salary grade for this position is 8/10.

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.

Job Description

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 economics and their analytical skills. Moreover, RAs have access to a number of training and education opportunities, including courses in computer software and programming languages, as well as undergraduate and graduate courses in economics, statistics, and mathematics.

Working as a RA at the Philadelphia Fed is a rewarding experience, whichever career path you ultimately choose to pursue. Our RAs have gone on to top graduate schools in economics, public policy and law; some have found opportunities in other departments in the Bank; and others have moved into higher positions within the Economic Research Department.

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.

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.

Requirements:

Undergraduate or graduate degree in economics, mathematics, or statistics

Coursework in econometrics or advanced statistics, preferred

Programming experience, preferably in SAS, STATA, R, Python and/or Matlab

Responsibilities include:

Assisting economists with statistical and econometric analysis for long-term, academically oriented research projects

Assisting economists with reports and presentations on current economic and financial conditions for pre-FOMC briefings

Producing various Bank publications for public consumption

On a day-to-day basis, RAs are expected to:

Identify and collect data or other information from academic journals, market sources, and government reports

Write computer programs using statistical software such as SAS, Stata, R, Python and Matlab

Review, organize, and analyze economic and financial data

Write or help prepare reports and presentations in the form of graphs or tables

Other:

Our benefit plans are designed to be the best fit for you at every stage of your career!

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period

• 401k/Thrift Plan with generous employer match

• Employer-funded Pension Plan

• Paid Vacation/Sick Time & Holidays

• Monthly $100 Commuter Allowance

• Flexible Spending Accounts and Healthcare Spending Accounts

• Flexible Work Schedule avail