What are the responsibilities and job description for the PhD Dissertation Fellow Program, Economic Research (Summer 2026) position at Federal Reserve Board?
Position Description
Minimum Education
Current Ph.D. candidate in economics or finance, in or nearing ABD (all but dissertation) status. We find that fourth- and fifth-year students gain the most from this type of fellowship. Occasionally, a third-year student is far enough along on their dissertation to benefit from the program.
Students with specialties drawn from a broad range of topics in economics and finance, including, among others: behavioral economics; econometrics and data science; economic measurement; financial institutions and markets; financial stability and macroprudential policy; foreign economies; international trade and finance; industrial organization; labor; macroeconomics; monetary economics; microeconomics; payment systems; and public economics.
Minimum Experience
0
Summary
The Federal Reserve Board is committed to attracting, developing, and retaining a talented workforce, drawing candidates with interests in a broad range of topics in economics and finance. We offer paid, in-residence fellowships for graduate Ph.D. students to conduct research at the Board in Washington, D.C. While at the Board, fellows work on a topic of their own choosing, usually furthering dissertation research begun before the fellowship, and give 2 seminars on their work. Fellows are also encouraged to participate in our extensive seminar series, collaborate with Board economists, and to learn more about preparing for the economist job market.
Fellows are at the Board for 12 weeks and placements are in the Divisions of Financial Stability, International Finance, Monetary Affairs, and Research and Statistics. The fellowship is offered during the summer. The fellowship is an in-residence program hosted in our Washington, D.C. offices.
Relevant specialties in economics and finance include, among others: behavioral economics; econometrics and data science; economic measurement; financial institutions and markets; financial stability and macroprudential policy; foreign economies; international trade and finance; industrial organization; labor; macroeconomics; monetary economics; microeconomics; payment systems; and public economics.
Position Requirements
To Apply
Applicants must be a current PhD student in economics or finance, graduating fall 2026 or later.
Attach the following to your profile and submit your application by February 1.
Find more information about the program on our FAQs page, and you can learn more about our Seminar Series and Board economists and their research.
Primary Location
DC-Washington
Employee Status
Temporary
Overtime Status
Non-exempt
Job Type
Internship
Relocation Provided
No
Compensation Grade Low
FH Pay Grade 22
Compensation Grade High
FH Pay Grade 22
Minimum Salary
$33.65/hr
Maximum Salary
$33.65/hr
Posting Date
Dec 1, 2025
Minimum Education
Current Ph.D. candidate in economics or finance, in or nearing ABD (all but dissertation) status. We find that fourth- and fifth-year students gain the most from this type of fellowship. Occasionally, a third-year student is far enough along on their dissertation to benefit from the program.
Students with specialties drawn from a broad range of topics in economics and finance, including, among others: behavioral economics; econometrics and data science; economic measurement; financial institutions and markets; financial stability and macroprudential policy; foreign economies; international trade and finance; industrial organization; labor; macroeconomics; monetary economics; microeconomics; payment systems; and public economics.
Minimum Experience
0
Summary
The Federal Reserve Board is committed to attracting, developing, and retaining a talented workforce, drawing candidates with interests in a broad range of topics in economics and finance. We offer paid, in-residence fellowships for graduate Ph.D. students to conduct research at the Board in Washington, D.C. While at the Board, fellows work on a topic of their own choosing, usually furthering dissertation research begun before the fellowship, and give 2 seminars on their work. Fellows are also encouraged to participate in our extensive seminar series, collaborate with Board economists, and to learn more about preparing for the economist job market.
Fellows are at the Board for 12 weeks and placements are in the Divisions of Financial Stability, International Finance, Monetary Affairs, and Research and Statistics. The fellowship is offered during the summer. The fellowship is an in-residence program hosted in our Washington, D.C. offices.
Relevant specialties in economics and finance include, among others: behavioral economics; econometrics and data science; economic measurement; financial institutions and markets; financial stability and macroprudential policy; foreign economies; international trade and finance; industrial organization; labor; macroeconomics; monetary economics; microeconomics; payment systems; and public economics.
Position Requirements
To Apply
Applicants must be a current PhD student in economics or finance, graduating fall 2026 or later.
Attach the following to your profile and submit your application by February 1.
- Curriculum Vitae (CV)
- One page description of proposed research
- Graduate Transcript (unofficial is okay)
- Two (2) letters of reference
- Attach to your profile if you have a copy [OR]
- If your recommender would like their letter to remain confidential, they can send it to dissertationfellows@frb.gov
- Optional: Work sample from thesis or any other well-developed research
Find more information about the program on our FAQs page, and you can learn more about our Seminar Series and Board economists and their research.
Primary Location
DC-Washington
Employee Status
Temporary
Overtime Status
Non-exempt
Job Type
Internship
Relocation Provided
No
Compensation Grade Low
FH Pay Grade 22
Compensation Grade High
FH Pay Grade 22
Minimum Salary
$33.65/hr
Maximum Salary
$33.65/hr
Posting Date
Dec 1, 2025
Salary : $34