Research Assistant at Federal Reserve Bank (FRB) in Minneapolis, Minnesota

Job Description:

Company

Federal Reserve Bank of Minneapolis

The mission of the Opportunity and Inclusive Growth Institute (Institute) is to conduct and promote research that will increase economic opportunity and inclusive growth and help the Federal Reserve achieve its maximum employment mandate. The Research Assistant position is responsible for supporting the Institute Director and associated economists in fulfilling this mission.

Expected start date will be Spring/Summer, 2025.

This position requires access to restricted data, which is limited to U.S. citizens.

To be considered, your application must include (attach all documents in upload link):

• Cover letter explaining interest in the position and plans for graduate study afterwards.




• Resume




• Transcript(s)




• (Optional but required upon request after initial interview) Letter(s) of recommendation




• (Optional but required upon request after initial interview) Writing sample – term paper or undergraduate thesis

Responsibilities

• Work independently to assist economists in a timely manner with Institute projects.




• Assist in development of Institute events and products.




• Download and assemble datasets.




• Create advanced charts, tables, and presentations in support of economists’ Institute projects.




• Prepare clear verbal remarks and advanced written reports.




• Use applicable statistical, econometric, and other software packages at an advanced level to program, perform analyses, model estimations and simulations, and assist with the preparation of memos.




• Compile literature reviews and conduct archival research, handle and configure data, present and maintain data in an organized and user-friendly format.




• Co-author and proofread articles with the oversight of economists.

Qualifications:

• Completed Bachelor's degree with coursework in economics, mathematics, statistics, or database analysis. Advanced coursework in statistics/econometrics preferred.




• Strong analytical and problem-solving skills; effective oral and written communication skills; proficiency in Microsoft Excel. Demonstrated ability to meet strict deadlines and work cooperatively within a team environment.




• Demonstrated experience with data collection, management, and analysis by using large databases and statistical packages or other related computer programming experience (e.g., Stata, MATLAB, R, Python, SAS) is preferred.

*The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 5 days per week for meetings and team collaboration, although ad-hoc hybrid working days may be available.

Salary & Benefits:

Salary range is $57,700 - $72,129 - $86,600

Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.

Our total rewards program offers benefits that are the best fit for you at every stage of your career: 

• Comprehensive healthcare options (Medical, Dental, and Vision) 


• 401(k) match, and a fully-funded pension plan 


• Paid time off and holidays 


• Free public transportation passes 


• Annual educational assistance 


• On-site fitness facility  


• Professional development programs, training and conferences 


• And more… 

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy. 

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Economics/Research Family Group

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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