Research Assistant/Sr. Research Assistant

About the 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. The Bank helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. It serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Our Economic Research Department prides itself on a collegial atmosphere where Research Assistants (RAs) help one another develop their statistical, data, and programming skills. Economists in the department collaborate on research with academic and central bank colleagues from around the world, and RAs are integral partners in these global collaborations.

About the Role

Research Assistants play a key role in the Economic Research Department, working as an essential part of the team to gain depth of experience. Whether helping economists prepare briefings on current monetary policy issues, working on economic forecasts, writing newsletters on economic conditions, or analyzing data for long-term research projects, RAs contribute to the Bank's mission.

The assignments offer a number of ways to increase knowledge of economics and analytical skills. RAs have access to 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 an RA at the Philadelphia Fed is a rewarding experience that prepares candidates for top graduate schools in economics, public policy, and law, or for careers in other departments within the Bank.

Program Structure

The Bank's RA program is structured as a two-year program. Most RAs continue on to graduate programs or other careers in economics or related fields after two years with the Bank. Employment is at-will. The start date for this position will begin in the Summer of 2026.

How to Apply

To apply, please attach your cover letter, resume, and unofficial transcript to the Attachments tab. We may ask for two letters of recommendation, but please do not have them sent until requested by the hiring team.

Equal Opportunity & Culture

The Federal Reserve Bank of Philadelphia is an equal opportunity employer committed to hiring the best candidates and providing equal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law. We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process.

We are committed to a culture where employees are valued for their differences. All employees must comply with the Bank's ethics rules, which generally prohibit ownership of securities of banks or their affiliates. Background investigations and drug testing are required for all new hires as a condition of employment.

Privacy & Security

The Federal Reserve Bank of Philadelphia takes information privacy seriously. Staff will only email from the "@phil.frb.org" domain or through the Workday system. This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in U.S. federal immigration law. Candidates must undergo applicable background checks and comply with all applicable information handling rules.