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Federal Reserve System 2023 Federal Reserve Bank of St. Louis – Research Division Summer Interns in St. Louis, Missouri

Company

Federal Reserve Bank of St. Louis

About the Intern Program

The Federal Reserve Bank of St. Louis has a Summer Internship Program that allows you the opportunity to learn about economics in the United States through the perspective of the Federal Reserve System.

The program consists of:

• Direct exposure to bank operations

• Valuable work experience in public service

• Developmental workshops

• Q&A sessions with senior leaders

• Departmental information and networking sessions

• Mentoring program

• Structured capstone experience

There are opportunities for undergraduate students who possess strong interpersonal, analytical, communication, and organizational skills with a solid work ethic and strong motivation to learn.

About the Research Division

The Research Division (http://research.stlouisfed.org/) conducts economic research and provides information and economic education services, all of which are used by policymakers, other researchers, teachers, students and the public. The division also supports the St. Louis Fed president in his role as a member of the Federal Open Market Committee.

The Research division’s goal is to promote quality economic research, contribute to economic policy discussions, and provide premier information and economic education services to specialists and the general public alike while expanding the frontier of economic knowledge around the globe in the areas of money and banking, macroeconomics, and international and regional economics.

About the Available Positions

Internships are available in multiple areas within the Research Division: Economic Education; Research Analysts; and FRED Data Team.

As an ECONOMIC EDUCATION (https://www.stlouisfed.org/education) intern, you will:

  • Review our online learning modules for ease of use and relevance to audience

  • Work with staff to produce and update economic education content

  • Work with staff to align content with national and state standards

  • Work with staff to update the zone’s e-mail database of educators

  • Work with staff to host educator professional development workshops

  • Support various website development initiatives

This position provides you with an opportunity to work with economic education professionals to test and develop industry-leading K-12 curriculum materials.

As a RESEARCH (https://research.stlouisfed.org/research-associates/) intern, you will:

  • Research data sources and methodologies of macroeconomic data series.

  • Compile anecdotal information from business contacts in the 8th district.

  • Create charts and tables of economic indicators.

  • Conduct statistical and econometric data analysis in programs such as STATA, Matlab, and R.

  • Write summary reports on methodology and results.

As a FRED (https://fred.stlouisfed.org/) intern, you will:

  • Apply a metadata schema to FRED series

  • Evaluate existing series against the source website documentation for further metadata clarification.

  • Document metadata changes and process.

  • Research datasets to organize indicators into release tables and related content.

  • Provide support to various other initiatives

  • Write a short article for FRED blog (https://fredblog.stlouisfed.org/) .

  • Learn agile development best practices.

As a Federal Reserve and Economic History intern, you will:

  • Gain experience in historical document research, evaluation of online resources, and professional writing, as well as library and metadata skills.

  • Produce content to add to the FRASER (https://fraser.stlouisfed.org/) collection. Potential projects include:

  • Process a digitization project from start to finish, including scanning, image editing, and metadata creation.

  • Create a timeline of resources for a topic relevant to FRASER materials.

  • Complete an internal project to improve the Research Division’ content. Potential projects include:

  • Investigate FRASER collection for images to use for visual marketing.

  • Identify historical legislation relating to the Federal Reserve, banking, and economics to be added to FRASER.

  • Create an annotated bibliography of Federal Reserve System archival materials on a given topic.

  • Write short articles for Inside FRASER (https://fraser.stlouisfed.org/blog/) , FederalReserveHistory.org and/or FRED Blog (https://fredblog.stlouisfed.org/) highlighting historical content.

As a Publications intern, you will:

  • Gain experience in evaluating, supporting, and contributing to the creation of economic research, including work published in Review, Economic Synopses, Page One Economics, and FRED Blog.

  • Engage in projects such as

  • reviewing and crosschecking content of our Publications environment(s) to promote consistency, readability, and transparency for users

  • assessing the potential and contributing ideas for creating supplementary material for specific published content

  • working directly with subject matter experts and Publications Team to co-author short posts for FRED Blog and/or other publications or guiding other economic content projects

  • reviewing content delivery strategies and offering insights as a “focus group of one”

Qualifications

  • Must have a 3.5+ overall GPA

  • Undergraduate Student

  • Rising college junior or senior preferred

  • Candidate for bachelor’s degree in Economics, Business (finance or information systems emphasis), Education, or related field; or candidate for master’s degree in Library and Information Science (FRASER internship only)

  • Candidates with a demonstrated interest and strong proficiency in (a) math/statistics, (b) web development, (c) education or (d) agile project management are strongly preferred.

  • All positions require excellent Excel, Word, and Adobe Acrobat skills. (Additional software requirements are noted within respective job descriptions).

  • Interest in monetary policy, macroeconomics, and macroeconomic and banking data is a must.

Required Skills

  • Demonstrated analytical/critical thinking skills

  • Excellent written and verbal communication skills

  • Detail-oriented

  • Strong interpersonal and organizational skills

  • Ability to work independently while managing numerous projects and work processes

To Apply

Complete the online application for the Research Intern position at Careers St Louis Fed (https://rb.wd5.myworkdayjobs.com/FRS/2/refreshFacet/318c8bb6f553100021d223d9780d30be)

In addition to this application, the following documents must be uploaded in PDF or Word format and e-mailed to: research.internship@stls.frb.org Please use the following as the subject line, Summer 2023 Research Intern: Last Name, First Name

  • Cover Letter

  • Resume

  • Unofficial Transcript

  • Brief Writing Sample

  • Completed Summary File; available for download here (https://www.dropbox.com/scl/fi/t3oomgxd4e8xl0wmh3v4y/21-22-Intern_Applicant_Summary_File-002.docx?dl=0&rlkey=ai021gwm8gslvp3f33uyq15ca) .

Application Deadline: Friday October 14th, 2022

For questions or concerns, contact: research.internship@stls.frb.org

Hourly Rate: $20/hour

Ranked as the #2 Top Workplace in the St. Louis Region in 2020, the Federal Reserve Bank of St Louis is committed to building an inclusive workplace, where employees' diversity—in age, gender, race and ethnicity, sexual orientation, gender identity or expression, disability, and cultural traditions, religion, life experiences, education and socioeconomic backgrounds—are recognized as a strength. Learn more about the Bank and its culture; check out our Careers Site.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

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