Summer Intern Program
Overview & Program Structure
The Summer Intern Program provides bright undergraduate and graduate students with the opportunity to gain valuable work experience at the Federal Reserve Bank. Through project-oriented assignments and professional development activities, interns receive a solid overview of the business of the Bank while contributing to their designated Fed departments.
Interns are paid based on their grade level and level of experience. They are assigned to a single department for the summer. In addition, they attend weekly seminars (normally during lunch) to increase their exposure to senior management and to career opportunities at the Bank.
Most interns join from late May to mid June when summer break begins and normally work 40 hours per week. Typically, internships last for 10 consecutive weeks in the summer. Some interns may continue to work part-time if the department prefers to retain them during the year.
Profile of Interns
Applicants must have a strong academic record and a demonstrated interest in economics, business, finance, math, marketing, information technology or a field of study relevant to the business of the Bank. Excellent analytical and interpersonal skills are essential.
Each year, the Bank has 25-30 interns; some return for full-time employment. Past interns emphasize that the program has helped them to hone their skills, learn about the Fed, and build lasting relationships with peers and professionals.
The Chicago Advantage
The Chicago Fed serves the Seventh Federal Reserve District, an economically diverse region covering five states with a large national share of many important economic sectors. You will thrive in a city with world-class research institutions, an international hub of commerce and cultural resources. The Chicago Fed is a place where diverse ideas and contributors collaborate to serve the public good.
The recruiting team sources and does a preliminary screen for interns at key schools in our region. The team also collects intern resumes throughout the year at job fairs. An official posting is currently on our external website.
After the preliminary screens, hiring managers will interview the intern candidates. After a hiring decision is made, the recruiting team will extend the offer and onboard the interns based on their start date. Once they arrive, we will coordinate speakers, summer activities and seminars that create a valuable experience for the intern group.
Timing & Next Steps
To search for current internship opportunities and to apply on-line, please go to the Chicago Fed's online job application