Research Associate 2027

Federal Reserve Bank of Philadelphia•Richmond, VA

47d•Hybrid

About The Position

The Research Department of the Federal Reserve Bank of Richmond is looking for highly motivated recent graduates to assist economists with academic and policy-oriented research full-time for 24 months starting in June of 2027. In addition to the Richmond-based positions, the Richmond Fed is also looking to hire a research associate (RA) based in Washington, DC, with travel to Richmond every six weeks required, to assist our economists who work with Census data. We are looking for candidates from a range of backgrounds, with different interests and perspectives. During the two years they spend in the Department, RAs receive direct mentorship from Research economists and a multitude of opportunities to learn through economist and RA interactions and projects. RAs also regularly attend seminars and lectures and give presentations in RA-led study groups. We provide a friendly and academically oriented environment where RAs can learn, grow and develop their own skills and interests, while contributing to our policy and research projects.

Requirements

Bachelor’s degree
Extensive coursework in economics (preferred), statistics (Econometrics required), and mathematics (Calc I and II required)
GPA of 3.5 or higher
Strong oral and written communication skills
U.S. Citizenship or three or more years of Permanent Resident (Green Card) status.

Nice To Haves

Calc III, Linear Algebra, Differential Equations or Real Analysis and similar advanced courses
Experience with computer programming and statistical analysis software packages (such as Stata, R and Matlab)
Evidence of interest and experience in research in the form of previous work as a research assistant, or completion of a senior thesis or term paper

Responsibilities

Writing computer code to solve dynamic economic models
Analyzing time-series and panel data
Writing literature reviews
Helping with model derivations
Assisting in the preparation of policy briefings
Adding new long-term projects to their responsibilities or collaborating in short-term tasks during their two years, depending on the economists needs and on their performance.