{"id":417987,"url":"https://alion.io/job/frbservices-research-assistant","title":"Research Assistant","company":{"id":1757343,"name":"Federal Reserve Financial Services","domain":"frbservices.org","url":"https://alion.io/company/frbservices","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"B","score":81,"open_postings":23,"ghost_share":0.043,"stale_share":0.565,"repost_share":0.13,"time_to_fill_p50_days":28,"computed_at":"2026-11-08T05:47:12Z"}},"role":"Science & Research","role_family":"Science & Research","seniority":null,"employment_type":"full_time","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Chicago, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":75000,"max":null,"currency":"USD","period":"year","gross":null,"usd_annual":75000},"salary_estimate":null,"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"MATLAB","optional":false},{"name":"Python","optional":false},{"name":"Stata","optional":false}],"status":"live","first_seen_at":"2026-09-01T00:00:00Z","employer_posted_date":"2026-09-22","last_verified_at":"2026-11-07T04:23:31Z","board_verified":true,"closed_at":null,"days_open":68,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":68},"description":"Company\nFederal Reserve Bank of ChicagoAre you a curious, quantitatively skilled recent graduate who wants to understand how economic research informs real-world policy? Join the Federal Reserve Bank of Chicago’s Research Assistant Program and work alongside economists and researchers on important questions facing the economy, financial markets, businesses, and households.As a Research Assistant, you will gain hands-on experience across the research process, including managing data, conducting econometric analysis, answering economic questions, and communicating results through compelling charts, written analysis, and presentations. You will contribute to both long-term research and timely policy analysis while building the technical and analytical skills needed for a successful career in economics.\nThis is a two-year opportunity designed for recent graduates who want to deepen their research capabilities, explore the field of economics, and prepare for the next stage of their careers.\nWhat You’ll Do\nResearch Assistants work closely with economists and research staff across a range of economic and policy areas, including macroeconomics, microeconomics, finance, and regional economics.\nResponsibilities include:\nCollecting, cleaning, managing, and analyzing economic and financial data.\nConducting statistical and econometric analysis and developing research code using tools such as Stata, R, Python, and MATLAB.\nConducting literature reviews and synthesizing academic and policy research.\nPreparing charts, tables, written analysis, presentations, and briefing materials.\nSupporting research papers, publications, and time-sensitive policy analysis.\nCollaborating with economists, researchers, and other Research Assistants across projects.\nYour Development\nThe Research Assistant Program provides opportunities to develop your research, technical, and professional skills through:\nTraining in programming, econometrics, data analysis, and research tools.\nResearch seminars featuring Chicago Fed economists and visiting scholars.\nWorkshops, conferences, coursework, and other learning opportunities.\nMentorship and professional development focused on graduate study and career planning.\nBuilding relationships across the Federal Reserve and broader research community.\nThe Research Assistant Program is designed to be an important step in your career. RAs pursue futures in either graduate studies of economics, public policy, finance, law, and data science or continue with careers across government, academia, and industry.\nWho We’re Looking For\nWe seek candidates with:\nA bachelor’s degree or higher in economics, finance, statistics, mathematics, computer science, data science, public policy, or a related field with strong economics and mathematical coursework.\nStrong quantitative, analytical, and problem-solving skills.\nFamiliarity with statistical programming languages such as Stata, R, Python, or MATLAB.\nStrong written and verbal communication skills.\nThe ability to work independently and collaboratively.\nCuriosity, initiative, and a demonstrated interest in economics, research, or public policy.\nPrevious research experience is valued but not required. We welcome candidates with a range of academic and professional experiences who demonstrate the skills and intellectual curiosity needed to succeed.\nWhat We Offer\nFull-time, two-year position with competitive salary and benefits.\nDirect collaboration with economists and research staff.\nStructured training, mentorship, and professional development.\nOpportunities to participate in coursework, workshops, conferences, and seminars.\nOpportunities to contribute to Chicago Fed research and publications, including potential opportunities for joint authorship.\nA collaborative and supportive Research Assistant community.\nHOW TO APPLY\nPlease submit:\n1-Resume\n2-Cover letter\n3 - Undergraduate transcript(s) - unofficial transcripts are acceptable\n4-Two references with name and contact information\n5-At least one letter of recommendation - Submitted directly to  by your recommender with your LAST NAME, FIRST NAME in the subject line\nIMPORTANT NOTE:\nWhen asked to upload your resume in the Workday Portal, you must upload all supplementary application documents. There will not be an additional prompt to upload documents 2, 3, & 4. You must upload all documents on the same page as your resume. Failure to do so will result in postponing the review of your application.\nApplications are reviewed on a rolling basis.\nFor questions, contact .\nLearn more about the Chicago Fed Research Assistant Program:\nhttps://www.chicagofed.org/research/research-assistant\nAdditional Details\nThe expected starting salary for this position is $75,000 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data. \nThe Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits \nA continuous learning environment with opportunities to gain new skills and grow your career. \nAdditional Requirements\n This position requires access to confidential FOMC and or/supervisory 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. Individuals who need immigration sponsorship now or in the future are not eligible for this position, including students in F-1 (CPT/OPT/STEM OPT) or J-1 status.\nThis position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well. \nAs a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary. \nThis document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require. \nWe are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.\nFull Time / Part Time\nFull timeRegular / Temporary\nRegularJob Exempt (Yes / No)\nYesJob Category\nEconomics/Research Family GroupWork Shift\nFirst (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.\nAlways 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.\nPrivacy 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