If you have an interest in serving the public and are seeking a meaningful work experience as you consider graduate school and future career options, a research assistant position at the Boston Fed can be an excellent interim step along your career path.
The Bank's Research Department and Supervision, Regulation, and Credit Department hire research assistants.
The research department provides current economic analysis and policy advice to Federal Reserve decisionmakers and conducts innovative research with the aim of improving our understanding of the U.S. and global economies and influencing better policy outcomes. The economists’ research interests are wideranging and encompass macroeconommics, international and labor economics, housing, health decisions, behavioral economics, and finance. The research department also houses two research centers: the Consumer Payments Research Center, which conducts quantitative and qualitative research to evaluate consumer payment behaviors and their impacts on the payment system, and the New England Public Policy Center, which promotes better public policy in New England by conducting and disseminating objective, high-quality research and analysis of strategically identified regional economic and policy issues, with emphasis on demographic and labor markets trends and state and local public finance.
The Risk and Policy Analysis Unit of SRC conducts research and analysis to support the Federal Reserve System in bank supervision, the development and implementation of regulatory policy, and the formulation of monetary policy.
Research assistants are presented with tremendous opportunities for professional and intellectual development. These experiences build economic knowledge as well as analytical, quantitative, and writing skills that are useful for pursuing advanced studies in a variety of fields.
RAs have access to numerous training opportunities. Our in-house program includes training on MATLAB, Stata, SAS, R and on how to use databases such as Bloomberg, Global Insight/FAME, Haver and WRDS (Wharton Research Data Services). With the Bank’s generous tuition reimbursement program and flexible work schedules, RAs are encouraged to take advantage of the excellent academic institutions in the greater Boston area. Each year, RAs enroll in a variety of graduate courses at Harvard University, MIT, and Boston University, and other local universities.
RAs are invited to attend weekly in-house seminars, where Boston Fed and other prominent economists present their research and receive feedback. These seminars educate RAs on a broad range of current economic research topics by scholars throughout the world, and also expose RAs to the scholarly peer review process.
RAs have access to a vast library of books, periodicals/journals and datasets through our department’s “Economic Research Information Center”. The Center is a member of the OCLC (Online Catalog Library Center) network giving us access to over 40,000 library collections from around the world. RAs may request books from other Federal Reserve Banks and universities and also gain access to numerous subscription-only databases.
Our department prides itself on its collegial and supportive environment. RAs assist one another in developing their statistical, data and programming skills and play a central role in helping the department achieve its goals and objectives.
In addition to the benefits noted above, we offer a highly competitive benefits package including an employer-matching 401(K) savings plan; commuter transportation subsidy; health, dental, and vision insurance options; paid vacation and sick leave; and an on-site fitness center and cafeteria. RAs are also encouraged to get involved in numerous Bank-sponsored activities and volunteer opportunities through the Bank’s First Serve Program.