Minimum Education Ph.D. candidates with specialties drawn from a broad range of topics in economics and finance, including, among others: behavioral economics; econometrics and data science; economic measurement; financial institutions and markets; financial stability and macroprudential policy; foreign economies; industrial organization; international trade and finance; labor; macroeconomics; microeconomics; monetary economics; payment systems; and public economics.
Minimum Experience0
SummaryThe Federal Reserve Board is committed to attracting, developing, and retaining a talented and diverse workforce. As such, we encourage submissions from groups traditionally less represented in economics and finance and from a wide range of Ph.D. programs. We recognize the benefit derived from different perspectives and look to foster this when reviewing candidates.We offer paid in-residence fellowships for graduate Ph.D. students to conduct research at the Board in Washington, DC. While at the Board, fellows work on a topic of their own choosing, usually furthering dissertation research begun before the fellowship, and give 1-2 seminars on their work. Fellows are also encouraged to participate in our extensive seminar series, collaborate with Board economists, and to learn more about preparing for the job market.Fellows are at the Board for 12 weeks and placements are in the Divisions of International Finance, Monetary Affairs, Research and Statistics, and Financial Stability. Most positions are offered in the summer, but occasionally we have positions in the spring and fall.The Board is interested in Ph.D. candidates with specialties drawn from a broad range of topics in economics and finance, including, among others: behavioral economics; econometrics and data science; economic measurement; financial institutions and markets; financial stability and macroprudential policy; foreign economies; industrial organization; international trade and finance; labor; macroeconomics; microeconomics; monetary economics; payment systems; and public economics. We are also interested in research on diversity and inclusion related topics, such as differences in economic outcomes or experiences across groups.
Position Requirements About the Program We offer paid, in-residence fellowships for graduate Ph.D. students to conduct research at the Board in Washington, DC. While at the Board, fellows work on a topic of their own choosing, usually furthering dissertation research begun before the fellowship, and give 1-2 seminars on their work. Fellows are also encouraged to participate in our extensive seminar series, collaborate with Board economists, and to learn more about preparing for the job market. Fellows are at the Board for 12 weeks and placements are in the Divisions of International Finance, Monetary Affairs, Research and Statistics, or Financial Stability. The fellowship is offered during summer 2025, with start dates in May and June. The fellowship is an in-residence program hosted at our Washington, D.C. offices. The Board offers a flexible work environment, requiring a combination of telework and in-office presence. To Apply Applicants must be a current PhD student, graduating fall 2025 or later. Attach the following to your profile and submit your application by
February 1. - vita
- work from the thesis
- graduate transcript (unofficial is okay)
- two (2) letters of reference
1. Attach to your profile if you have a copy [OR] 2. If your recommender would like their letter to remain confidential, they can send it to ...@frb.gov Citizenship is not required; however, candidates must be legally authorized to work in the United States (i.e. CPT/OPT sponsorship) and citizenship may be a consideration. Find more information about the program on our FAQs page. The Federal Reserve Board is committed to attracting, developing, and retaining a talented and diverse workforce. As such, we encourage submissions from groups traditionally less represented in economics and finance and from a wide range of Ph.D. programs. We recognize the benefit derived from different perspectives and look to foster this when reviewing candidates.