Federal Reserve Bank of Chicago Logo

Federal Reserve Bank of Chicago

Economist/Senior Economist/Economic Advisor - Macroeconomics

Reposted 12 Hours Ago
Be an Early Applicant
Hybrid
Chicago, IL
Senior level
Hybrid
Chicago, IL
Senior level
Conduct independent macroeconomic research for publication in leading economics and finance journals, provide in-depth analysis for Federal Reserve policy briefings, and contribute to the Chicago Fed’s research mission. The role requires strong communication skills, substantial academic or comparable research experience, and a strong publication record. Responsibilities focus on macroeconomic modeling, monetary policy, central banking, labor markets, business cycles, and broader macroeconomic policy.
The summary above was generated by AI
Company
Federal Reserve Bank of Chicago
Economist/Senior Economist/Economic Advisor - Macroeconomics
E1: General Aggregative Models
E2: Consumption, Saving, Production, Investment, Labor Markets
E3: Prices, Business Fluctuations, and Cycles
E4: Money and Interest Rates
E5: Monetary Policy, Central Banking, and the Supply of Money and Credit
E6: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and
General Outlook
The Economic Research Department of the Federal Reserve Bank of Chicago invites applications for an Economist, Senior Economist or Economic Advisor position on the Macroeconomics team.
The Bank will consider applications from seasoned candidates with a strong publication record in economics and finance journals and at least 3 years of experience in an academic or similar research setting.
Successful candidates will be expected to conduct independent research that is published in leading academic journals, provide in-depth analysis for Bank policy briefings, and contribute to the mission of the Bank. Excellent communication skills are required.
The research staff at the Federal Reserve Bank of Chicago is a collegial 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.
The Federal Reserve Banks are committed to equal employment opportunities for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
More information on the Economic Research Department is at:
http://www.chicagofed.org/webpages/research/index.cfm
Applicants should submit:
1-Cover letter
2-CV
3-Contact information for 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 postpone the review of your application.
What we offer:
  • The expected starting salary range for the Economist position is between $165,000 and $290,000 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 expected starting salary range for the Senior Economist position is between $210,000 and $320,000 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 expected starting salary range for the Senior Economist & Economic Advisor position is between $220,000 and $400,000 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 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. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. 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.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Economics/Research Family Group
Work Shift
First (United States of America)
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice

Similar Jobs at Federal Reserve Bank of Chicago

6 Days Ago
Hybrid
Entry level
Entry level
Agency • Fintech • Payments • Sharing Economy • Social Impact
Conduct economic and financial data collection, cleaning, management, and analysis; perform statistical and econometric research using Stata, R, Python, and MATLAB; review literature; prepare charts, tables, presentations, written analysis, and briefing materials; and support research papers and policy analysis while collaborating with economists and research staff.
Top Skills: MatlabPythonRStata
Internship
Agency • Fintech • Payments • Sharing Economy • Social Impact
Supports economists with economic and policy research through data collection, moderately complex statistical analysis, results organization, and preparation of charts, tables, and descriptive text. The 12-week paid internship provides experience across macroeconomics, microeconomics, financial economics, community development, and regional research while developing quantitative, analytical, critical-thinking, and writing skills.
Top Skills: ArcgisMatlabPythonRStata
Internship
Agency • Fintech • Payments • Sharing Economy • Social Impact
Paid, onsite summer cybersecurity and information security internship supporting project-based assignments at the Federal Reserve Bank of Chicago. Interns work 40 hours weekly for 10–12 weeks, analyze data, communicate findings, present information, and collaborate with internal stakeholders. Applicants must be current students graduating December 2027 or later, meet GPA requirements, and be authorized to work in the United States without visa sponsorship.
Top Skills: ExcelMicrosoft Word

What you need to know about the Singapore Tech Scene

The digital revolution has driven a constant demand for tech professionals across industries like software development, data analytics and cybersecurity. In Singapore, one of the largest cities in Southeast Asia, the demand for tech talent is so high that the government continues to invest millions into programs designed to develop a talent pipeline directly from universities while also scaling efforts in pre-employment training and mid-career upskilling to expand and elevate its workforce.

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account