Research Associate

About the Opportunity

The Research Department of the Federal Reserve Bank of Richmond is looking for highly motivated recent graduates (December 2022 or later) to assist economists with policy-oriented and academic research full-time starting in the summer of 2023.

Looking for candidates with diverse backgrounds, interests, and perspectives. During the two years they spend in the Department, we mentor our Research Associates (RAs) and we provide them with many opportunities to learn, in their daily work interactions with economists and other RAs, as well as attending seminars and lectures, and giving presentations in RA-led study groups. We provide a friendly and academically-oriented environment where RAs can learn, grow and develop their own skills and interests, while contributing to our policy and research projects.

What You Will Do:

The RA pool supports multiple economists with their academic research on wide-ranging topics (including general equilibrium macroeconomic models, time-series econometrics, labor economics, financial economics, contract theory, public and health economics, industrial organization, and regional economics). Responsibilities include writing computer code to solve dynamic economic models or analyze time-series and panel data, literature reviews, and helping with model derivations. RAs also use these tools to assist in the preparation of policy briefings. The position is an excellent opportunity for students interested in pursuing graduate studies in economics.

Visit us online for more information about the RA position, Research Department and the RA program.

Application Requirements:

Please submit the following three documents in the Attachments/Resume/Cover Letter section of the application (please be sure to include ALL required documents listed here):

  • Resume (CV)

  • College transcripts (unofficial copies are okay at this time)

  • Cover letter stating why you are a good match to the job, how you became interested in research, what diverse perspective you hope to bring into the profession, and how the RA experience will fit into your future academic or professional career. As an optional addendum to the cover letter, if relevant, you are also encouraged to explain anything unique about your education history (a transfer of schools, irregularities in your grades, or explaining what certain classes are on your transcripts). Although there is no length limit for the cover letter, addressing these issues should not take more than 250 words.

Applications for the Fall hiring cycle will be accepted until October 3rd.


We are seeking candidates with a Bachelor’s degree and extensive coursework in economics (preferred), mathematics (required), and statistics. Applicants must have a GPA of 3.3 or higher. Experience with computer programming and statistical analysis software packages (such as Matlab, Stata and R) is highly valued. Strong oral and written communication skills are required. Evidence of interest in research in the form of previous work experience as a research assistant, or completion of a senior thesis, is a plus.

Discover the Reason Why So Many People Love It Here!

At the Richmond Fed, we’re driven by our mission to strengthen the economy and our communities. We take great pride in what we do and it impacts everyday people every day.

When you join our team, you’ll become part of a culture that welcomes differences, cares about our communities, and empowers each other to lead from where we are to make things better.

Bring your passion and we’ll provide challenging and purposeful work, opportunities to grow and a wide range of benefits and perks that support your health and wealth. It’s all part of what makes #MyRichmondFed a great place to work!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

  • Great medical benefits

  • Pension and 401(k) with employer match

  • Generous paid time off

  • Tuition reimbursement

  • Employee resource networks

  • Paid volunteer leave

  • Flexible work options

  • Onsite amenities that make working here fun

Other Requirements and Considerations:

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. The Code is available on the About Us, Careers webpage at

  • Candidates must be U.S. citizens or Green Card holders, since sponsorship or practical training extensions are not available for this position.

  • Selected candidate is subject to special background check procedures.

  • The salary for this role is $59,700 annually.

  • A requirement of this position is that the employee must be fully vaccinated against COVID-19; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.

  • Interested candidates should apply by October 3 to be considered for interviews, but the position will remain open until all positions are filled.

Rolling Deadline
Name of Organization
Federal Reserve Bank of Richmond
Type of Opportunity