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Internship Virtual Bank information
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$8.65 - $9.86
2% of jobs
$9.86 - $11.06
4% of jobs
$11.06 - $12.26
14% of jobs
$12.72 is the 25th percentile. Wages below this are outliers.
$12.26 - $13.46
12% of jobs
$13.46 - $14.66
15% of jobs
The median wage is $14.84 / hr.
$14.66 - $15.87
18% of jobs
$17.03 is the 75th percentile. Wages above this are outliers.
$15.87 - $17.07
10% of jobs
$17.07 - $18.27
6% of jobs
$18.27 - $19.47
8% of jobs
$19.47 - $20.67
5% of jobs
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5% of jobs
$8
$15
$21
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What are some typical projects or tasks assigned to interns at a virtual bank, and how do these contribute to professional development?
What is the difference between Internship Virtual Bank vs Virtual Banking Associate?
| Aspect | Internship Virtual Bank | Virtual Banking Associate |
|---|---|---|
| Credentials | Typically students or recent graduates, no formal certifications required | Entry-level role, may require basic banking knowledge or certifications |
| Work Environment | Remote, project-based, temporary | Remote, full-time or part-time, ongoing employment |
| Employer & Industry Usage | Financial institutions, banks, fintech companies | Banking, financial services, customer support |
Internship Virtual Bank positions are temporary, educational roles designed for students to gain industry experience, while Virtual Banking Associates are ongoing roles focused on customer service and banking operations. Both roles are remote and industry-specific, but differ mainly in duration and responsibilities.
What are the key skills and qualifications needed to thrive as an Internship Virtual Bank, and why are they important?
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$17/hr
Part-time
Posted 26 days ago
Job description
The Research Department at the Federal Reserve Bank of Minneapolis has an internship opportunity for a high school student with a strong interest in economics. Applications are invited from students who have completed or will complete economics coursework.
The high school internship is intended to provide students exposure to the field of economics. Additionally, it will help students acquire technical skills and economics research training that will prepare them to pursue post-high school studies in economics. The selected student will work with a research economist in the Research Department at the Federal Reserve Bank of Minneapolis, who will act as a supervisor and mentor.
Application Deadline: Sunday, June 28, 2026 at Midnight
REQUIRED Application Materials:
1.Resume
2.Most Recent Academic Transcript.Unofficial copies are acceptable.
3.Cover Letter explaining your interest in the position.
*All three items must be included for consideration.
Who is eligible?
Candidates who have completed or intend to complete economics coursework and candidates who can demonstrate work in progress towards a high school diploma.
What will you be doing?
The intern will assist the research economist with a broad range of tasks, including statistical analysis, literature reviews, library research, and data entry. The intern will have the opportunity to learn about ongoing economic research at the Bank by talking with economists and attending Research Department seminars.
Scheduled Hours Per Week: 6-10 hours per week (Mon-Fri during business hours), 100% on-site at the Bank
Internship Term: September 2026-May 2027 (academic year)
Pay: $17.00 per hour
The Process:
Application review (will begin after the application deadline)
Brief phone screen (30 minutes) with Nikki Ortega, Talent Acquisition Specialist in the Talent & Engagement Division
Candidates will be selected and moved to a virtual interview (30 minutes) with the hiring manager of the Research Department
Final offer
If you have any questions during the application process, you may contactNikki Ortegain the Talent & Engagement Division at Nikki.Ortega@mpls.frb.org.
Additional Information:
The Bank believes that in-person engagement at work is critical to achieving our public service mission. Given this philosophy, employees in this role are expected to work onsite most days although some flexibility is available on an ad-hoc basis.
The Minneapolis Fed is committed to fostering an environment where all employees are respected and valued. We provide equal employment opportunity to all persons and we work together to pursue an economy that works for all of us.
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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About Federal Reserve Bank of Richmond
Sourced by ZipRecruiter
Industry
Commercial banking
Company size
1,001 - 5,000 Employees
Headquarters location
Richmond, VA, US
Year founded
1915