ECON Undergraduates Blog

ECON Undergraduates Blog


Economic Research Internship at the Chicago Federal Reserve

Posted: 05 Oct 2020 11:36 AM PDT


The research department at the Chicago Fed is looking to hire a number of summer interns, ideally current juniors with some research experience.

Who we are:

One of the most influential trusted and prestigious financial institution in the world.  The Federal Reserve Bank of Chicago, serving five states, is one of the 12 regional reserve banks in the United States.  The twelve banks along with the Board of Governors in Washington, D.C., make up the nation's central bank.    

Internship Program Details:

The Federal Reserve Bank of Chicago Summer Intern Program is a paid internship that is open to undergraduate, graduate and PHD students.  It begins in June and continues for 12 consecutive weeks. Interns work 40 hours per week and are assigned to one department. 

*Students who are currently taking a gap year or gap semester due to the COVID-19 pandemic remain eligible for this program.

Application Process:

Taking applications starting October 2020 

Interviews starting Mid October 2020 

June 7, 2021 or June 14, 2021 – Start dates 

Job Summary:

The Economic Research Department conducts statistical and economic analyses of current macroeconomic, microeconomic, financial and regional data, and provides research support to the economists.

Job Responsibilities:

  • Support the economists in their basic and applied research which includes collecting data, conducting moderately complex statistical analysis, writing statistical software program and organizing the presentation of results
  • Assist economists with their research and analysis of public policy issues and events
  • Support economists by researching topics related to their work
  • Prepare a variety of charts, tables and descriptive text for staff economists and department management  

Job Requirements:

  • Currently pursuing a Bachelor's degree in Economics, Business, Mathematics or related field with emphasis on quantitative and/or analytical skills
  • Experience with SAS, STATA or Matlab preferred
  • Experience as a Research Assistant preferred

Apply

**To be considered, all applications must include a Cover Letter, Resume, and Unofficial Transcripts**

Typical Day:

Project oriented hands on assignments and professional development activities including a volunteer project. Interns receive a solid overview of the Fed while contributing to their designated Bank department. 

Culture:

We have a collaborative work environment that fosters inclusion. As a public service institution, we reflect all the communities we serve. Interns will have the opportunities to network with subject matters experts and interns assigned to other business areas.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status. 

As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary. 


Other Requirements and Physical Requirements

This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.  

U.S. Department of Treasury’s Office of International Affairs Junior Fellows Info Session

Posted: 05 Oct 2020 10:27 AM PDT


Date: October 9, 2020

Time: 10:00 AM

Register

We are pleased to announce that the U.S. Department of Treasury's Office of International Affairs (IA) is now accepting applications for our Junior Fellows Program.  This is a two-year program for new college graduates to work shaping international economic policy for the United States. 

We are currently accepting applications through October 30, 2020.  Applications will be evaluated in December 2020 for fellows to start in summer 2021 (or at a mutually agreed alternative time).  Flyer attached that provides more detail about the program as well as "How to Apply" instructions.

Strong candidates will have recently received – or will soon receive – a bachelor's degree with relevant coursework in economics, public policy, finance, or international relations.  However, a major or concentration in these fields is not necessary for consideration. IA is committed to attracting and developing a diverse and inclusive workforce. We recognize that different perspectives and experiences among our employees are workforce strengths, and holistically evaluate each candidate's basis of public policy motivation, academic achievement, ability to bring perspectives that could benefit our work, and professional recommendations.  As such, we especially encourage submissions from groups traditionally less represented in economics.

Are You Preparing an NSF Graduate Research Fellowship Application?

Posted: 05 Oct 2020 07:28 AM PDT

Are you preparing an NSF graduate research fellowship application?

It is important to have your essays reviewed by experts in your field of study AND by others outside your field.

To schedule an outside-reader review with Dr. Francis DuVinage, Director of the National Scholarships Office, please send an email to nsfgrfp@umd.edu listing SEVERAL days/times you can speak by phone during the WEEKS of October 5 and October 12.

If you are not on our ELMS resource site for NSF GRFP applicants please click here to complete a brief questionnaire to be added.

Available times are limited, and preference may be given to students who have not previously met for reviews.

BSOS Career Chats: Interested in International Development?

Posted: 05 Oct 2020 07:30 AM PDT

Interested in International Development?
Register to join: go.umd.edu/careerchats the October 6th @ 4 pm BSOS Career Chat.



Maggie Carroll, GVPT '17, currently a Manager at Chemonics International, recently promoted from her role as an Associate. Her previous experiences include serving as a Congressional Intern, an (amazing!) BSOS Peer Advisor, and a Research Assistant at the Center for International Development and Conflict Management. Maggie will share how she landed the position at Chemonics and insights on skills required to be successful in her field. REGISTER TO JOIN: go.umd.edu/careerchats the October 6th @ 4 pm BSOS Career Chat.

BSOS CAREER CHATS: Interested in learning about a new field or gaining industry specific application tips? Attend this 30-minute session to learn how these alumni made it! The session will be informal and start with a short overview, followed by a Q&A with students. Students will have the option to talk with professionals through the Zoom chat feature or unmute themselves to pose questions. 

Questions about the Career Chats? Please email bsoscareers@umd.edu

Hosted by the Joel and Kim Feller BSOS Advising & Career Planning office. 

Mental Health Week Events

Posted: 05 Oct 2020 06:26 AM PDT

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