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Salary
≈ $37k – $62k per year (Estimated)
Location
In office (Dallas)
Seniority
Intern
Employment
Internship

Confirmed on the employer's own hiring board on Nov 4, 2026. First seen by Alion on Oct 2, 2026. Federal Reserve Financial Services scores B on the Alion truth index.

Overview
Company
Impact
Profile match
Headquartered in Washington, D.C., as part of the Federal Reserve System, Federal Reserve Financial Services provides essential payment and settlement infrastructure for financial institutions across the United States. The organization manages core transaction and clearing systems, including Fedwire, FedACH, cash distribution, check processing, and the FedNow instant payment service. By ensuring secure, resilient, and efficient fund transfers between depository institutions, it supports the liquidity and daily operations of the American financial system.

Company

Federal Reserve Bank of DallasWe are dedicated to serving the public by promoting a strong financial system and a healthy economy for all. These efforts take a team of dedicated individuals doing many different jobs. Together we’re creating a workplace where talented people can thrive, and we welcome your unique background and perspective to help present the best possible solutions for our partners.

Location: #LI-Onsite. If you need assistance or a reasonable accommodation, please notify your Talent Acquisition Consultant.

ABOUT THE DALLAS FED:

At the Dallas Fed we serve the public by partnering with communities and businesses, promoting jobs and stable prices, and keeping your money safe and available. We welcome different perspectives, ideas, and experiences. As part of the nation’s central bank, we are committed to improving the economy and our communities. Are you ready to make a difference?

Learn more about the Dallas Fed: www.dallasfed.org/fed.

ABOUT THE INTERNSHIP PROGRAM:

The Federal Reserve Bank of Dallas Internship Program is a prestigious, cohort-based experience that attracts top talent from across the country for paid, full-time summer internships spanning majors and functional areas - from economic research and finance to Cash Services, IT, and beyond. While interns take on a specific functional role for the summer with meaningful work and opportunities to grow, the program offers much more than a single assignment. Dedicated staff mentors help launch your career, and curated cohort programming provides broad exposure to central banking, direct access to senior leaders and industry experts, and dedicated learning and development opportunities. As part of the Federal Reserve System, you'll also build a professional network of peers that spans the nation. The program runs approximately for 10-12 weeks, beginning in mid-to-late May and concluding in August. For this specific position, you will be located in the Dallas office.

Learn more about our internship program:www.dallasfed.org/internships.

ABOUT YOUR TEAM:

The Research department undertakes research and analysis to add to the frontier of knowledge and to inform monetary policy. The department produces and publishes relevant, timely and innovative research and prepares briefings to support the Bank President’s participation at Federal Open Market Committee (FOMC) meetings.

WHAT YOU’LL DO:

The Research Department of the Federal Reserve Bank of Dallas invites applications for PhD Dissertation Fellow positions for the summer of 2027. This program provides an excellent opportunity for PhD students in economics to engage in high-quality research and gain valuable exposure to scholarly work conducted at the Dallas Fed. Fellows will have the opportunity to collaborate with the Bank's research economists, research affiliates, visiting scholars, and other dissertation fellows, fostering a rich academic and research environment.

WHAT YOU BRING:

  • Open to PhD students from all PhD-granting institutions (both domestic and international).
  • Applicants must have passed their qualifying exams and reached the dissertation stage of their program.
  • Preference will be given to students expecting to complete their PhD in 2028.
  • The program will be held in-person in Dallas, lasting from 4 to 12 weeks, during summer 2027.
  • Fellows are expected to deliver a formal presentation at the Dallas Fed's brownbag seminar series during the last two weeks of their fellowship.

OUR BENEFITS:

  • Professional development opportunities
  • Broader networking opportunities across District
  • Downtown location with free parking
  • 24/7 on-site fitness center (Dallas & Houston Offices)
  • On-site café and coffee shop

WORK HOURS:

Monday - Friday, 8:00 a.m. - 5:00 p.m. (40 hours/ week). Some additional hours may be required.

NOTES:

Participation in our internship program is a valuable learning opportunity and does not guarantee future employment.

This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements. In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules.

If you need special accommodation during your interview process, please notify your Talent Acquisition Consultant.

Please submit applications by Monday, October 19.

We are proud to be an equal opportunity employer

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship Family Group

Work Shift

First (United States of America)

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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