At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.
Program Description:
The Undergraduate Summer Analyst Program gives undergraduate juniors the opportunity to gain valuable work experience at a unique institution. Through dynamic, project-based work assignments and professional development activities, students get:
A cohort-based learning model with a strong sense of community
Real-world experience that helps them build strong skills and knowledge in their area of interest
The chance to contribute to meaningful work that makes an impact on the lives of all Americans
Opportunities to meet, network with, and work alongside our mission-driven, curious colleagues—all of whom are happy to share their experiences and advice
An experienced professional mentor to support them throughout the program
Access to learning events with senior leaders from the New York Feds, giving them direct insight into the public service and financial services world
Junior interns work in one specific business area or function for ten weeks, and have access to opportunities for collaboration with other students and employees from around the Bank.
At the end of the program, students leave with strong skills, professional connections, and meaningful experiences that will support them in their long-term careers.
Our Unique Work:
The Markets Group at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts.
How You’ll Make an Impact as a Markets Intern –NYC (Junior)
Through its analytical and operational areas, the Markets Group:
Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System
Monitors and analyzes developments related to financial stability
Supports debt issuance and debt management on behalf of the U.S. Treasury
Provides foreign exchange services to the U.S. Treasury
Provides account services to foreign central banks, international agencies, and U.S. government agencies.
As a summer analyst in Markets, you could be part of the following staff units: Capital Markets and Institutions, Central Bank and International Account Services, Cross Market Monitoring and Analysis, Cross Portfolio Policy and Analysis, Discount Window and Collateral Valuation, International Markets, Money Markets, Mortgage Markets, or Treasury Markets. This list is not exhaustive and opportunities are dependent on Business need.
Summer Analyst Responsibilities (include):
Prepare charts, tables, graphs and other supporting documentation to be used in the research and market analysis conducted by the Group
Support senior staff with economic and financial data analysis
Help execute the Group's funds, securities, trading and settlement activities, including the preparation and maintenance of preliminary internal reports, data entry of operations results, discrepancy follow-up and resolution, and testing the implementation of new products
The Unique Skill Sets We’re Looking For:
You should have a demonstrated interest in financial markets, economics, public policy or finance, and a strong academic record. You should also have:
Quantitative analysis skills and familiarity working with spreadsheets, databases, and analytical tools (e.g. Excel, SQL).
Academic exposure and/or experience in international and domestic capital markets and instruments, and US monetary policy and economics
Ability to source, prepare, and visually represent data for written reports using common tools (e.g. Excel, Tableau)
Ability to perform preliminary research and help prepare data regarding foreign and domestic markets issues
Programming experience (e.g. Python, R) is a plus
To Apply: The application deadline is October 5th, 2026 (11:59 PM EST) *. This is a paid internship. Please note, summer housing is not provided. Expected graduation between Winter 2027 Spring 2028
Other Things to Know:
Salary Range: Your regular wages for the 10 weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $72,100
We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
Our culture is deeply grounded in our Touchstone Behaviors. By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success, and set clear expectations for leading with impact at every stage of your career. Learn more.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to provide an accommodation or assistance.
Please email us at [email protected] and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
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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Skills Required
- Undergraduate junior status with expected graduation between Winter 2027 and Spring 2028
- Demonstrated interest in financial markets, economics, public policy, or finance
- Strong academic record
- Quantitative analysis skills
- Familiarity with spreadsheets, databases, and analytical tools such as Excel and SQL
- Academic exposure or experience in international and domestic capital markets and instruments
- Academic exposure or experience in U.S. monetary policy and economics
- Ability to source, prepare, and visually represent data for written reports using tools such as Excel or Tableau
- Ability to perform preliminary research and prepare data regarding foreign and domestic market issues
- Programming experience with Python or R
What We Do
This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/
