New York Fed Research Analyst Program — Professional Role

The Research and Statistics Group of the Federal Reserve Bank of New York hires roughly twenty exceptional college graduates each year as Research Analysts. Analysts work alongside the Bank’s economists at 33 Liberty Street in Lower Manhattan and stay in the role for about two years. The work runs on two tracks: analysis of topical questions in public policy, financial markets and the U.S. and global economies, which often ends in reports or presentations to the Bank’s president and senior management; and long-term academic research on applied and theoretical topics, where many analysts co-author scholarly articles.

The next intake begins in summer 2027. The majority of analysts enter graduate or professional degree programs after leaving the New York Fed.

Benefits & funding

Full-time salaried Bank employment for a two-year term; the program page does not publish a Research Analyst salary figure.
Employer-matching 401(k) savings plan.
Health, dental and vision insurance, prescription-drug coverage at no additional premium, and fertility benefits.
Tuition reimbursement for many individual courses, certificate programs and graduate programs at nearby universities.
Flexible work schedules and commutation assistance.
Onsite health centers, free immunizations and health screenings, complimentary fitness centre membership, and free access to online therapy.

Eligibility

Open to college graduates entering the role in summer 2027; about twenty are hired each year.
Background in economics, mathematics, statistics or a related field.
Experience in data analysis using statistical packages (R, Stata, Matlab, Julia, SAS, Gauss, TSP, RATS, EViews, PROC SQL) or other computer programming experience (Java, C++, Python).
Strong analytical and decision-making abilities and good communication skills.
Bank policy requires candidates to be eligible to work in the United States on a continuous basis for other than practical training purposes, so authorization limited to student practical training does not meet the bar.
Some positions require access to confidential supervisory information or Federal Open Market Committee data, which is limited to “protected individuals” as defined in U.S. federal immigration law: U.S. citizens, U.S. nationals, U.S. permanent residents not yet eligible to apply for naturalization, and permanent residents who applied for naturalization within six months of becoming eligible.
The program page states no nationality bar, no age limit and no minimum years of work experience.

Can you apply?

Here's who can apply

Decoded from the official rules. A free account checks them against your passport, degree and age in seconds.

Residence required
USA
Education required
Bachelor Enrolled · Bachelor

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Application process

1
Prepare a resume/CV and an academic transcript from the institution most recently attended or currently attended; a cover letter is optional.
2
Apply inside the window — the Research Analyst round for the summer 2027 start runs 24 August to 14 September 2026.
3
Upload the required documents through the Bank’s application form. Letters of recommendation will not be considered.
4
Send questions to the Research Analyst recruiting team at NY.RA.Recruiting@ny.frb.org or research.recruiting@ny.frb.org.

Program timeline

24 August 2026
Applications open for the summer 2027 cohort
Application deadline
14 September 2026
Two-year appointment begins
Summer 2027
Appointment typically ends
Summer 2029