Undergraduate Intern – Business Analysis Focus at The Federal Reserve System

Company

Federal Reserve Bank of Minneapolis

Be a part of our 2027 summer intern cohort! We are currently accepting applications from undergraduate college students who are interested in learning more about the nation's central banking system while contributing in real ways to our work. As an intern, you'll be matched with a department that can leverage your skills and experience, and you’ll perform work that helps teams meet their goals—ultimately supporting the organization’s mission. You’ll also have opportunities to participate in workshops designed for our intern cohort, build your professional network, and gain exposure to a wide variety of careers.

This internship runs for 12 weeks from May 24, 2027, to August 13, 2027. Interns work 40 hours/week and are paid $23.00/hour. This position requires a regular on-site presence.

Applications open November 1, 2026, and close January 3, 2027 at midnight.

Sponsorship: Individuals who need immigration sponsorship now or in the future are not eligible for this position.

Skills Development:

Interns strengthen analytical, regulatory, and critical-thinking skills that support risk, audit, compliance, and supervisory functions. Skill-building may include:

Risk management concepts and frameworks
Financial and data analysis
Internal audit processes
Change management methodologies
Root cause and critical analysis techniques
Regulatory reporting and data quality review
GRC tools and Power BI for visualization and insights

Examples of work performed include:

Completing quality assurance risk assessments
Supporting statistical and structural reporting data collection and quality analysis
Organizing enterprise risk management and compliance data
Analyzing emerging risk trends
Assisting with business impact assessments
Evaluating earnings and capital components
Observing bank examinations

Qualifications:

Currently pursuing a post-secondary degree. You must be enrolled when you apply, but not necessarily during the internship. Open to students graduating December 2026 or later.
Excellent oral and written communication skills
Familiarity with standard office software (e.g., Microsoft Office) and willingness to learn new tools
Effective interpersonal communication skills
Demonstrate behaviors that align with our core values such as: Service, Integrity, Inclusion, Initiative, Accountability, and Objectivity
Some positions require U.S. citizenship

Please note: We do NOT provide relocation assistance, housing, or travel reimbursement.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

Job Category

Internship 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.

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