“Working at the New York Fed provides a unique opportunity to be at the crossroads of academia and the financial sector. As an RA, you collaborate with economists on research and policy projects that address some of the most salient issues in the field. In Capital Markets, I’ve worked closely on research focusing on the driving forces behind the current financial crisis and their ramifications for the future of financial markets and regulation. Whether you are interested in pursuing a career in the private sector or an advanced degree in economics or another field, the perspective you’ll gain here, as well as the technical skills you’ll acquire along the way, will be invaluable assets.”

“The Financial Intermediation group has given me wide exposure to different research and policy projects. For instance, I have studied the pricing and risk of asset-backed securities, monitored the concentration of bank deposits in the Second District, examined leveraged buy-out deals, and assessed the market’s reaction to policy events. The skills I’ve developed as an RA will be invaluable going forward in my career. In addition, the flexible and friendly culture of the Research Group allows you to form close ties with your coworkers, which makes for a very pleasant environment.”

“RAs in International Research work closely with economists on academic research and policy-related matters. Policy analysis has been an especially important part of the job this past year. RAs have worked on producing a new trade model, creating and maintaining a timeline of global responses to the economic crisis, and conducting research on the international elements of the new Federal Reserve credit facilities. It is fascinating to follow recent events from the unique vantage point here. The RA position also offers a great opportunity to develop skills that will benefit you in whatever you choose to do afterward—going to graduate school, moving to another area of the Bank, or advancing your career in the private sector.”

“Being an RA for the past two years has been a very rewarding experience. I work with economists who not only respect and appreciate my contributions, but also show an interest in my professional development. I have learned so much since graduating from college, and I’ve had countless opportunities that many graduates don’t experience so early in their professional lives. For example, I recently coauthored a paper on negative equity in the U.S. nonprime mortgage market that appeared in the Bank’s research journal, and I am currently working on two other papers on subprime mortgages. Another benefit of the job is the great independence I have in my daily work. Additionally, there is a strong, supportive RA community made up of the most talented and intellectually curious people I’ve ever met. This is a great place to work.”

“As an RA in the Microeconomic and Regional Studies group, I’m exposed to a wide array of research and policy projects. From analyzing the effects of the recession on the labor market to constructing an index that gauges the current state of the New York-New Jersey economy, I’m able to contribute my talents to important work as well as develop skills that will be essential for graduate school. The academic nature of the job gives me the opportunity to attend lectures, learn about economic theory, and even coauthor academic papers. The Research Group fosters a collegial environment where I have developed close relationships with fellow RAs and economists.”

“One of the main reasons I became a Research Associate at the New York Fed was the chance to work on a range of engaging projects—from those addressing highly relevant policy issues to those that emphasize more academic, long-term research. The diversity—as well as the challenge—of these projects has consistently exceeded my expectations. Whether I am exercising my creative design skills on a financial crisis timeline, helping craft memos on new monetary policy programs, or analyzing the interbank market—I am continually involved in exciting and relevant assignments.”