Federal Reserve Bank

Resident Scholar - Macroeconomics

Federal Reserve Bank$204K — $241K *
Education, Government & Non-Profit
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Ph.D. in Economics or related field.
  • Minimum 3 years of research experience in an academic setting.
  • Strong publication record in high-quality, peer-reviewed economics journals.

Responsibilities

  • Conduct independent, original research.
  • Engage in policy discussions through publications or briefings.
  • Advise and provide feedback on colleagues' and visitors' work.

Benefits

  • Robust benefits supporting overall health and financial security.
  • Opportunities for continuous learning and skill development.
  • Supportive research environment with a collegial atmosphere.
Full Job Description
The Federal Reserve Bank of Chicago plans to host a Resident Scholar in Macroeconomics from June 2025 to May 2026. The Resident Scholars will pursue their own research, interact with our staff and visitors, and participate in policy discussions. This is a position intended to last no more than one year. Shorter durations and the start date are negotiable. The Bank will consider applications from candidates with a strong publication record in economics journals and at least 3 years of experience in an academic or similar research setting. The research staff at the Federal Reserve Bank of Chicago is a collegial and diverse group of economists with expertise in a variety of fields. The Chicago Fed provides an excellent research environment together with substantial support for research and competitive benefits. Salaries are commensurate with experience and level of achievement. Your Responsibilities: • Conduct independent and original research. • Participate in policy discussions through Bank publications or research briefings aligned with area of expertise. • Provide advice and feedback to colleagues and other visitors on their work. Your Background: • Ph.D. in Economics or a closely related field • At least 3 years of research experience • Significant research contributions as evidenced by a record of publications in high-quality, peer-reviewed academic journals Applicants should submit: 1. CV 2. Cover letter 3. A list of three references IMPORTANT NOTE: When asked to upload your resume on the Workday Portal, you must upload all supplementary application documents. There will not be an additional prompt to upload documents 1, 2 & 3. You must upload them on the same page where you upload your resume. Failure to do so will result postponing the review of your application. What we offer: • The expected starting salary range for this position is between $204,000 and $241,300 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant's relevant experience, skills, internal equity, and alignment with geographic and other market data. • The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits • A continuous learning environment with opportunities to gain new skills and grow your career. Additional Requirements: • This is a hybrid position requiring a minimum of three days per week in office. • This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well. • This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. Citizen and pursue a path to citizenship. • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Temporary/Contingent Family Group Work Shift First (United States of America)

About Federal Reserve Bank

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1913

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