The Student Intern (Research Economist) Internship is a paid internship that may (although not guaranteed) lead to a post-graduation employment offer as an Economist.
Interns will assist in projects related to enhancing the Corporation’s programs for identifying, monitoring, and addressing existing and emerging aggregate risks to the Corporation’s deposit insurance funds.
Summary
This Internship will begin Summer 2024.
The Student Intern (Research Economist) Internship is a paid internship that may (although not guaranteed) lead to a post-graduation employment offer as an Economist.
Interns will assist in projects related to enhancing the Corporation’s programs for identifying, monitoring, and addressing existing and emerging aggregate risks to the Corporation’s deposit insurance funds.
Yes—The FDIC offers position-specific telework options. Please see the Additional Information section below for more information. Telework options are subject to change.
Travel Required
Not required
Relocation expenses reimbursed
No
Appointment type
Internships
Work schedule
Multiple Schedules - This position may be full-time or part-time
US citizens who have been accepted for enrollment or are enrolled and seeking a degree with an anticipated graduation date after August 2024 (diploma, certificate, etc.) in a qualifying educational institution on a full or half-time basis; with a preferred academic major in economics with 21 semester hours and 3 hours in statistics, calculus or accounting , have at least a cumulative (overall) 3.0 grade point average; and remain in good academic standing.
Researches, gathers information and compiles data pertaining to the financial services industry, financial markets, FDIC-insured commercial banks and thrifts, as well as national, international and regional economic developments. Documents work.
Participates in program studies and analysis of financial, statistical and econometric models.
Organizes data for effective presentation.
Contributes to reports or working papers describing the results of economic research.
Responds to routing/factual requests for analyses for information from other divisions, agencies, state and local governments and bankers on economic and financial matters.
Low Risk Position - National Agency Check Investigation (NACI) required.
Completion of Confidential Financial Disclosure may be required.
Must complete a FDIC Pathways Participant Agreement.
Applicant must provide official transcript if selected.
To be eligible for conversion to the Economist, CG-0110 position, interns must complete 640 hours of work experience (up to 320 hours may be waived based on successful performance in the position and a 3.5 overall GPA or membership in a national honor society); meet the OPM qualification standards for the Economist position, including positive educational requirement, which includes a minimum of 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
Qualifications
To be eligible for this program, applicants must: (1) be enrolled or accepted for enrollment in a degree seeking program at a qualifying educational institution on a full or half-time basis; (2) have a major in economics or a related field; (3) have a minimum cumulative (overall) GPA of 3.0 out of 4.0; and (4) be in good academic standing.
Eligible applicants may qualify for this position based on education, experience, or a combination of education and experience. Education and experience requirements must be met by the closing date of the announcement.
Education: Completion of 2 academic years of graduate level education, or a master's degree or equivalent graduate degree.
Qualifying Experience: CG-09: 1 year of specialized experience equivalent to the GS-07 level.
Specialized experience is experience using economic principles and research methods for models in finance, statistics, or economics; organizing data for effective presentation; or researching, gathering information, and compiling data pertaining to the financial services industry, financial markets, FDIC-insured commercial banks and thrifts, and national, international and regional economic developments.
Combination of experience and education: Have graduate level education as described above, beyond the 1st full year of graduate level education and specialized experience as describe above that together meet the qualification requirements for this position.
Education
See requirements stated under QUALIFICATIONS.
Additional information
To read about your rights and responsibilities as an applicant for Federal employment, click here.
If selected, you may be required to serve a trial period.
This appointment may be extended if interns continues to meet all educational and pathways requirements.
Interns will be offered a salary at the base pay for the grade in which they are qualified and selected: $75,330.
The applicants selected will be offered an excepted appointment not-to-exceed 1 Year. After successful completion of the program requirements and based on FDIC's needs, the selectees may be non-competitively converted to a Term or Permanent position based upon an evaluation of performance, completion of at least 640 hours of work experience acquired through the Internship Program, and a skills assessment. However, service in the FDIC Internship Program confers no right to further employment in the competitive or excepted service.
The FDIC offers position-specific telework options here.
Selectee(s) for this position will be required to report to their duty station office at least 1 day per pay period beginning January 2, 2024, and at their supervisor’s direction to support mission and project needs. In person reporting requirements are expected to increase in July 2024.
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
The FDIC offers some benefits to its temporary employees.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
How you will be evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
The online assessment questions and resume you submit for this position will be reviewed to determine whether you meet the basic eligibility and qualification requirements as outlined in this announcement. Therefore, it is imperative that the documents you submit contain sufficiently detailed information upon which to make this basic qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, the average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.
If you meet the basic eligibility and qualification requirements, you may be referred to the selecting official for further review and consideration. Candidates who are eligible for veterans' preference will receive selection priority.
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
The FDIC offers some benefits to its temporary employees.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
RESUME: A resume (must be submitted by the closing date of this announcement).
Note: Your resume should include your graduation date or anticipated graduation date to include your degree/major, and weekly hours worked for each listed job position.
COVER LETTER: a cover letter is required for this position.
EDUCATION DOCUMENTS: You must submit ALL college transcripts attended or completed (official or unofficial) showing the classes you are currently enrolled in (Spring 2024) as well as your overall cumulative GPA. If you are not a student, you must submit proof of enrollment (i.e., letter from the registrar’s office or acceptance letter from an accredited educational institution). Your transcript must document the educational requirements for this position. Education must be from an accredited educational institution. For a listing of accredited educational institutions ,click here. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.
FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program. For more information, click here.
VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. Veterans should submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing the type of discharge/character of service (e.g., Honorable, Under Honorable Conditions, etc.) along with any other required documents.
If you are relying on your education to meet qualification requirements:
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
To begin, click the “Apply” button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the “Apply” button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click “Submit Application” to complete the application process. You must apply online.
Applicants requesting an exception from the online process must contact the Human Resources Specialist or contact point listed in this announcement prior to 12:00 noon local time on the closing date.
To return to your saved application, log in to your USAJOBS account and click on “Applications” tab. Click on the “Position Title,” and then select “Update Application” or “Additional ApplicationInformation” to continue.
You have until 11:59 p.m. EST (Eastern Standard Time) on the closing date of this announcement to complete the application process.
Please ensure you have completed the application process by verifying the status of your application on-line to reflect: “Received”. Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
Federal Deposit Insurance Corporation
FDIC Human Resources Branch
3501 Fairfax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States
Next steps
You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
RESUME: A resume (must be submitted by the closing date of this announcement).
Note: Your resume should include your graduation date or anticipated graduation date to include your degree/major, and weekly hours worked for each listed job position.
COVER LETTER: a cover letter is required for this position.
EDUCATION DOCUMENTS: You must submit ALL college transcripts attended or completed (official or unofficial) showing the classes you are currently enrolled in (Spring 2024) as well as your overall cumulative GPA. If you are not a student, you must submit proof of enrollment (i.e., letter from the registrar’s office or acceptance letter from an accredited educational institution). Your transcript must document the educational requirements for this position. Education must be from an accredited educational institution. For a listing of accredited educational institutions ,click here. If you attended more than one university and need to send multiple transcripts, please upload/fax all transcripts as one document.
FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program. For more information, click here.
VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. Veterans should submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing the type of discharge/character of service (e.g., Honorable, Under Honorable Conditions, etc.) along with any other required documents.
If you are relying on your education to meet qualification requirements:
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
To begin, click the “Apply” button and follow the prompts. If you haven’t already, register and establish a USAJOBS account. After you register online, click the “Apply” button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click “Submit Application” to complete the application process. You must apply online.
Applicants requesting an exception from the online process must contact the Human Resources Specialist or contact point listed in this announcement prior to 12:00 noon local time on the closing date.
To return to your saved application, log in to your USAJOBS account and click on “Applications” tab. Click on the “Position Title,” and then select “Update Application” or “Additional ApplicationInformation” to continue.
You have until 11:59 p.m. EST (Eastern Standard Time) on the closing date of this announcement to complete the application process.
Please ensure you have completed the application process by verifying the status of your application on-line to reflect: “Received”. Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
Federal Deposit Insurance Corporation
FDIC Human Resources Branch
3501 Fairfax Drive
HRB (PA-1730-5007)
Arlington, Virginia 22226
United States
Next steps
You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
