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Company
Federal Reserve Bank of New York
2026 Summer Intern - Markets Group - Graduate (CHICAGO)
When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system.
At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.
Program Description:
The Graduate Summer Associate Program gives graduate students the opportunity to gain valuable work experience at a unique institution. Through dynamic, project-based work assignments and professional development activities, students get:

• A cohort-based learning model with a strong sense of community

• Real-world experience that helps them build strong skills and knowledge in their area of interest

• The chance to contribute to meaningful work that makes an impact on the lives of all Americans

• Opportunities to meet, network with, and work alongside our mission-driven, curious colleagues-all of whom are happy to share their experiences and advice

• An experienced professional mentor to support them throughout the program

• Access to learning events with senior leaders from the New York Fed and other notable institutions, giving them direct insight into the public service and financial services world

Graduate interns work in one specific business area or function for ten weeks, and have access to opportunities for collaboration with other students and employees from around the Bank. At the end of the program, students leave with strong skills, professional connections, and meaningful experiences that will support them their long-term careers.
Our Unique Work:
The Markets Group at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts.
Through its analytical and operational areas, the Markets Group:

• Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
• Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System Monitors and analyzes developments related to financial stability.
• Supports debt issuance and debt management on behalf of the U.S. Treasury
  Provides foreign exchange services to the U.S. Treasury
• Provides account services to foreign central banks, international agencies, and U.S. government agencies.

How You'll Make an Impact as a Markets Intern (Graduate) CHICAGO

• Participate in projects related to analyzing and understanding global and domestic financial market developments

• Support senior staff with economic and financial market data analysis

• Prepare documentation which may include tables, charts and graphs used to support financial market monitoring and analysis conducted by the Group

The Unique Skill Sets We're Looking For:

• You should have a demonstrated interest in economics, public policy, finance, and a strong academic record.

• You should also have:

• Quantitative analysis skills and familiarity working with spreadsheets, databases, and analytical tools (e.g. Excel, SQL).

• Academic exposure and/or experience in international and domestic capital markets and

• instruments, and US monetary policy and economics

• Ability to source, prepare, and visually represent data for written reports using common tools (e.g. Excel, Tableau)

• Ability to perform preliminary research and help prepare data regarding foreign and

• domestic markets issues

• Programming experience (e.g. Python, R) is a plus

• Relevant professional work experience is also a plus

To Apply: The application deadline is October 12th, 2025 (11:59 PM EST) *This is a paid internship. Please note, summer housing is not provided. Expected graduation between Winter 2026 & Spring 2027.
Other Things to Know:
Salary Range: Your regular wages for the 10 weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $83,500.
We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you're stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of "protected individual" under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
Find Out Why We're an Award-Winning Workplace:

• Top 3 Most Inspiring Public Sector Workplaces in North America (Inspiring Workplaces, 2024, 2025)

• Early Talent Award Winner (Handshake, 2024, 2025)

• Campus Forward Award Winner (Ripple Match, 2023, 2024, 2025)

Our culture is deeply grounded in our Touchstone Behaviors. By working with us, you'll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success, and set clear expectations for leading with impact at every stage of your career. Learn more.
Apply now if you're ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we'll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
Yes
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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