Economic Development Intern Jobs in Massachusetts

CompanyFederal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: community, innovation, integrity, trust, leadership, and excellence.

This position is part of the Bank's Internship/ Co-op Program which is offered to students who are currently enrolled in graduate and undergraduate studies. This program identifies talented and qualified candidates who could potentially fill professional job openings in the Bank.

Position Title: Graduate Intern - Statistical Analysis

Duration: September 2026 - May 2027

Department: Regional & Community Outreach

Location: Federal Reserve Bank of Boston

Position Overview: Federal Reserve Bank of Boston's Regional & Community Outreach department is seeking a motivated intern to support its data analysis project. This internship offers hands-on experience in community development research and data analysis that advances our work in financial inclusion in LMI communities. This internship is intended to assist with an ongoing data analysis project.

Primary Responsibilities

• Collaborate with team members to develop and evaluate options for enhancing existing data analysis and visualization
• Conduct literature reviews on relevant methodologies, data sources, and analytical approaches applicable to the project
• Assist with data collection, cleaning, and management from multiple publicly available surveys and datasets
• Support the development and implementation of quantitative models including statistical estimation techniques, forecasting models, and clustering
• Perform geospatial analysis to identify regional patterns and trends
• Create data visualizations and contribute to interactive dashboards

Qualifications

Required

• Currently enrolled in an undergraduate or graduate program in economics, public policy, statistics, data science, or related field
• Strong quantitative and analytical skills with coursework in statistics and data analysis
• Proficiency in at least one statistical software package (R, Python, or similar)
• Experience with data visualization tools (Tableau)
• Experience with data manipulation, cleaning, and analysis of large datasets
• Excellent written and verbal communication skills
• Ability to work independently and collaboratively in a professional environment

Preferred

• Familiarity with survey data analysis and sampling techniques
• Experience with census data or publicly available economic datasets
• Experience with geospatial analysis tools (ArcGIS or similar)
• Background in machine learning or predictive modeling
• Interest in community development and financial inclusion

Compensation: $18-$36 per hour. Actual pay within the range will be set based on undergraduate/graduate year and relevant experience.

The Boston Fed believes in salary transparency. The final salary and offer will be determined by the applicant's background, skills, internal equity, and alignment with market data. Whether you're developing into the job or are a more seasoned candidate, we aim to pay competitively.

The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests - such as stocks or bonds - from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part TimePart timeRegular / TemporaryTemporaryJob Exempt (Yes / No)NoJob CategoryInternship Family GroupWork ShiftFirst (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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