Richmond

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Richmond

Our research covers a lot of ground, and includes monetary policy, macroeconomics, banking, financial institutions and markets, payments systems, urban economics, labor, climate change, health, and education. We also spend time analyzing national and regional economic conditions.

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Our Focus

What Makes the Richmond Fed So Special?

Academic Research

We have a long tradition of focusing on academic research. Economists devote much of their time on their own independent research, attend seminars, and present their work in workshops and conferences. About 25 economists work in our Research department on an array of topics.

Broadening Your Experience

You'll have an opportunity to work with several economists throughout your time at the Richmond Fed, so you'll get exposure to a variety of economic research areas. Our “open door” policy fosters communication, and RAs are encouraged to approach economists about helping on projects that interest them. RAs learn from economists and from each other, mainly through a hands-on approach that focuses on learning, to fulfill requirements for specific projects.

Featured Research

"Risk, the College Premium, and Aggregate Human Capital Investment"

Kartik Athreya and Janice Eberly.

American Economic Journal: Macroeconomics, forthcoming.

 

"An Estimated Structural Model of Entrepreneurial Behavior"

John Bailey Jones and Sangeeta Pratap.

American Economic Review, forthcoming.

 

"Two-Sided Market, R&D, and Payments System Evolution"

Bin Grace Li, James McAndrews, and Zhu Wang.

Journal of Monetary Economics, forthcoming.

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Begin Your Journey with Us

We start accepting applications for research assistant positions in December and extend offers on a rolling basis through March. RA positions are a two-year commitment. We also offer summer internships and usually post those positions in the fall.

Prepare

 

  • We require:

    Undergraduate degree in economics, math, or related discipline.

    Experience with math and statistic software such as Matlab, Gauss, Stata, and R.

    Interest in academic economic research.

    U.S. citizenship or permanent residence.

  • Remember

    You'll need a cover letter, transcript, and resume to submit your application.

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Apply

Be sure to carefully review your application to ensure all required documents are attached before submitting.

  • Process

    We review applications and extend offers on a rolling basis starting in December.

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Interview

Be ready to schedule a phone or on-site appointment.

  • Appointment

    We'll chat about your interests and experience, and you'll meet some of the other RAs and economists in the department.

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Accept

Offers are extended on a rolling basis through March.

  • It's Official!

    Upon accepting an offer, you'll be scheduled for background screening and receive your start date (typically in June or July).

  • Take a Deep Breath

    You made it, relax, and get ready to start.

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Start

During your onboarding period, you'll interact with other RAs and economists to learn about ongoing projects.

  • Development

    We're committed to your development through on-the-job training and our tuition reimbursement benefit.

    You'll participate in our RA-led study group and several classes given by economists throughout the year.

    It will be a challenging but rewarding two years, with access to great mentors.

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Work

You're ready to work!

  • Projects

    You'll be assigned to projects with economists based on your interests, experience, and department needs.

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Denotes full-time position