Research Assistant/Sr. Research Assistant

Federal Reserve Bank of Philadelphia•Philadelphia, PA

1d•Onsite

About The Position

The Federal Reserve Bank of Philadelphia’s Economic Research Department hires research assistants to support economists across its Macroeconomics, Banking, Consumer Finance Institute, and Regional/Microeconomics sections. RAs contribute to research on monetary policy, macroeconomics, banking and finance, financial services regulation, payments, regional and urban economics, and other central banking topics. They work with economists through all stages of the economic research process, supporting long-term research as well as analysis and communications about current economic conditions. The department offers a collegial environment in which RAs develop statistical, data, and programming skills and may collaborate with academic and central bank colleagues. Training and education opportunities include courses in software and programming languages, economics, statistics, and mathematics. The RA program is structured as a two-year program, after which many RAs continue to graduate programs or pursue other careers in economics or related fields. Employment is at-will. This is a full-time, on-site position, with a start date in Summer 2027. The role requires access to confidential supervisory information and/or FOMC information, so eligibility is subject to applicable protected-individual and information-access requirements. Employment is contingent on required background screening and other eligibility checks.

Requirements

Undergraduate or graduate degree in economics, mathematics, or statistics.
Coursework in econometrics or advanced statistics.
Programming experience; Stata, R, Python, and/or Matlab are preferred tools.
Availability to work on-site in a full-time capacity.
Eligibility to access confidential supervisory information and/or FOMC information, subject to applicable protected-individual requirements.
Ability to provide work authorization to prove eligibility to work in the United States.
Successful completion of required background investigations and screening, including drug testing.

Responsibilities

Assist economists with statistical and econometric analysis for long-term, academically oriented research projects.
Assist economists with reports and presentations on current economic and financial conditions for pre-FOMC briefings.
Produce Bank publications for public consumption.
Identify and collect data or other information from academic journals, market sources, and government reports.
Write computer programs using statistical software such as Stata, R, Python, Matlab, and/or SAS.
Review, organize, and analyze economic and financial data.
Write or help prepare reports and presentations in the form of graphs or tables.

Benefits

Medical, prescription, dental, and vision insurance with no waiting period.
401k/Thrift Plan with employer match.
Employer-funded pension plan.
Paid vacation, sick time, and holidays.
Monthly $200 commuter allowance.
Flexible spending and healthcare spending accounts.
Flexible work schedule available in most departments.
Life insurance and long-term disability insurance.
Tuition reimbursement for undergraduate and graduate studies.
Parental leave.
Free onsite 24/7 fitness center, including training classes, Peloton bikes, and locker room/shower facilities.
Onsite cafeteria and coffee shop.
Additional convenience benefits and discounts.