What are the responsibilities and job description for the Summer 2026 Graduate Internship – Data Science position at Federal Reserve Bank of Minneapolis?
Company
Federal Reserve Bank of Minneapolis
The Federal Reserve Bank of Minneapolis Graduate Intern Program in Data Science is intended to introduce full-time or part-time graduate students to the broader Federal Reserve System and, more specifically, the use of data science in the Banking Supervision function. Being at the forefront of overseeing the nation’s largest and most complex financial institutions is a unique opportunity that requires highly analytical and quantitative individuals.
The Grad Intern Program provides an opportunity to work in an intellectually stimulating and collaborative environment, to engage in meaningful public service, and to interact with senior leaders at the Federal Reserve Bank of Minneapolis and across the Federal Reserve System. Interns will gain exposure to and experience with the most important quantitative issues and challenges currently facing the regulatory and financial industries. Interns will receive on-the-job mentoring and professional development as they engage in job duties.
We are looking for students who are willing to work 40 hours/week for 12 weeks beginning June 1, 2026. Rate of pay is $27.00/hour. This position requires a regular on-site presence.
Program Description:
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 Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
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.
Privacy Notice
Federal Reserve Bank of Minneapolis
The Federal Reserve Bank of Minneapolis Graduate Intern Program in Data Science is intended to introduce full-time or part-time graduate students to the broader Federal Reserve System and, more specifically, the use of data science in the Banking Supervision function. Being at the forefront of overseeing the nation’s largest and most complex financial institutions is a unique opportunity that requires highly analytical and quantitative individuals.
The Grad Intern Program provides an opportunity to work in an intellectually stimulating and collaborative environment, to engage in meaningful public service, and to interact with senior leaders at the Federal Reserve Bank of Minneapolis and across the Federal Reserve System. Interns will gain exposure to and experience with the most important quantitative issues and challenges currently facing the regulatory and financial industries. Interns will receive on-the-job mentoring and professional development as they engage in job duties.
We are looking for students who are willing to work 40 hours/week for 12 weeks beginning June 1, 2026. Rate of pay is $27.00/hour. This position requires a regular on-site presence.
Program Description:
- Learn to manage, manipulate, interpret, and analyze trends in large sets of data and methodology documents.
- Enhance knowledge in programming and the software development life cycle.
- Handle and summarize large amounts of macroeconomic and banking data.
- Become familiar with different metrics and measures that are used to evaluate the health of the banking system.
- Synthesize information and glean insights related to banking conditions around the country.
- Present technical issues to non-technical audiences and clearly articulate findings in verbal and written form.
- Utilize advanced statistical techniques to analyze conditions in the banking sector, or across various industries or communities.
- Participate in internal networking and mentorship opportunities with quantitative staff and leadership across the Federal Reserve System.
- Currently enrolled and actively pursuing a graduate degree in a quantitative field such as (but not limited to) Computer Science, Data Science, Economics, Engineering, Finance, Mathematics, Physics, Statistics, etc.
- Strong academic record in MS or Ph.D. program.
- Knowledge of query languages such as SQL.
- Demonstrated experience with R or Python. Code samples will be requested from selected candidates.
- Ability to work collaboratively within a team.
- Meet Protected Individual requirement.
- Able to work 40 hours per week throughout the duration of the 12-week internship program, starting in June 2026.
- Knowledge of R Shiny dashboard building and reporting experience using R Markdown.
- Knowledge of collaborative version control platforms such as GitLab.
- Knowledge of Finance and Banking.
- Knowledge of Data Visualization.
- 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.
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 Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
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.
Privacy Notice
Salary : $27