I wish I was stationed in a position that was hiring full time
Advice
You are the creator of your own experience
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Research Analyst
June - August 2019 • New York City, NY
What I liked
Culture was great, ie no IB hours, and everyone was relaxed as expected of the research department
Worked with several economists one on one, gave a lot of insight into the research being done for relevant policies
Everyone in the intern cohort was smarter than you, so great for motivation
Projects actually mattered: Project I worked on has a chance on becoming the starting point for someone's paper later on.
What I wish was different
On me, but I wish I talked with more economists I didn't work directly under more often.
Advice
Your bosses are people too, and more often than not they're people just waiting for someone to ask about their research.
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Sophomore Summer Analyst
June - July 2020 • New York City, NY
What I liked
I enjoyed how flexible the Fed was, given our current circumstances. The entire internship program was seamlessly transformed into an online rotational internship. I got to experience 6 of the groups within the Fed, which gave me an extremely well-rounded and informative understanding of the Bank's various functions and responsibilities. I really enjoyed how much interaction the interns had with senior economists and department managers. Everyone was very outgoing and easy to speak with; in fact, they were very enthusiastic about the interns' experiences, and would often take time out of their busy calendars to have virtual 1-on-1 coffee chats or lunch and learn discussions with us. Overall, I learned so much and realized how much I loved the Fed's collaborative and collegial culture.
What I wish was different
One thing that I wish had been different was the length of the program. It was initially supposed to be a full 8 weeks long, but because of the pandemic, it got shortened to 6 and a half weeks. Also, I wish I got to experience the program in person so I could have met my fellow intern class and my manager. While the virtual experience was still amazing, nothing can top the face-to-face connection of working in the office. Overall though, I am extremely happy with my internship experience and was blessed to have met and worked with such intelligent and kind people over this past summer.
Advice
One piece of advice I'd share is to take full advantage of all the resources and opportunities you are given! The senior economists and employees of the Fed were extremely receptive of our time, and really encouraged us to ask questions and speak up. They wanted us to make the most of our virtual experience, so whenever we had the time, we were encouraged to put some time on some employee's calendar so you could do a 15-20 minute Webex call and learn about their role. In the beginning, I was very shy and reluctant to put myself out there, because I worried I would say the wrong thing or come off as unintelligent. But then I realized thanks to my supervisor and my fellow interns that perfecting the art of networking requires a lot of practice and there it no better way to improve than to just put yourself out there. Don't be afraid to speak up if you have any questions or want to learn about something specific from someone. Be proactive and take that initiative - you will thank yourself later!
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Summer Analyst
June - August 2019 • New York City, NY
What I liked
The people were amazing. There was a very open culture and a flat organization.
What I wish was different
The recruiters say that 80% of interns return to the Bank; but that number is probably around the 40% and it varies by group. Some groups can be very competitive and the interview process is poorly designed and rushed. We also got notifications of interviews with less than 24 hours in advance.
Advice
I would recommend it if you know for sure that you want to work there post undergrad or if you are a grad student. Not a good place to be ambivalent about because people pick up on it. Highly recommend it if its a sophomore internship.
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Economic Research Assistant
June - August 2019 • New York City, NY
What I liked
Great community.
What I wish was different
More innovation
Advice
Enjoy it
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Summer Analyst
June - August 2019 • New York City, NY
What I liked
I loved the culture of the company and the opportunity to learn a lot!
What I wish was different
I wish I had been able to take advantage of the resources at my company by knowing what I was looking for
Advice
Working hard and doing a good job at your assignments are just one part of the internship experience. Just as important is getting to know people that work there full-time and learning about their experience or advice
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Economic Research Analyst
June - August 2019 • New York City, NY
What I liked
Working with economists to do research and make policy recommendation, as well as living in the city.
What I wish was different
Advice
Take advantage of the network this opportunity provides, connect with many economists and researchers to come to weekly seminars from all over the country.
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Junior Analyst
February - October 2019 • New York City, NY
What I liked
Rotational aspect, got to learn
What I wish was different
Networked more in the beginning
Advice
Take advantage of people/do coffee chats
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Junior Analyst
February - October 2019 • New York City, NY
What I liked
It was a hands-on experience where I was able to analyse multiple bank's data and help add value to bank.
What I wish was different
I wish I was able to take out time to explore new york and network at happy hours.
Advice
Always reach out to people to meet for a coffee chats and ask about their experience.
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Summer Analyst
June - August 2018 • New York City, NY
What I liked
I really enjoyed the collegial, academic atmosphere.
What I wish was different
I wish scheduled intern events were more informative.
Advice
FRBNY is a great place to work! Just try to get the most out of it by going to events, seminars, and networking.
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Supervision Summer Analyst
June - August 2018 • New York City, NY
What I liked
So many networking opportunities, and an opportunity to learn so much about an industry in a space where people are truly committed to your professional development; the people you work with are truly some of the most intellectually inquisitive and easy-going folks; incredible work-life balance; extensive internal movement opportunities across groups
What I wish was different
More integration in day-to-day activities of full-time employees could have helped me better understand the mission of my department
Advice
Be ready to network as often as possible (while still staying on top of your assignment) to maximize exposure! Take advantage of the opportunities available
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Summer Research Analyst
June - August 2018 • New York City, NY
What I liked
It was a great experience being surrounded by other interns who were lots of fun and very dedicated to their work. The New York Fed is also a great place to do research because it is at the heart of monetary policy and financial regulation. Plus, New York is a lot of fun.
What I wish was different
I wish I had been able to develop some of my coding skills in different languages.
Advice
Be ready to code, a lot. It's also a very different research environment from Swarthmore and takes a little bit of adjustment.
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Research Intern
June - August 2018 • New York City, NY
What I liked
Great team to work with at every level, flexibility and autonomy, interesting work, collegial environment, learning and growth opportunities.
