Reserve Bank of Australia
Summer Economics and Policy Internship Program (Dec 2021)
Opportunity expired
Opportunity details
- Internship, Clerkship or Placement
- 22-25 vacancies
- Apply by 1 May 2021
- Start date 5 Dec 2021
Are you curious as to what it's like to work at Australia's central bank?
The RBA 2021/22 Internship is designed to support the development of emerging economics and finance professionals. It offers high-achieving students who are pursuing an economics or finance degree with a research component an opportunity to obtain first-hand experience working in Australia's central bank.
Initially, the RBA offers successful candidates a paid eight-week work placement over the summer, between November and January. As an intern, you will be supported as you undertake project work that culminates in a research paper that is presented to your peers and senior staff.
During your placement, you may also complete notes on data releases, analysis of developments in financial markets, or other work that will provide you with insight into what it's like to work at the RBA as a graduate. In addition, you will attend targeted training as well as interactive information sessions designed to provide you with a more comprehensive understanding of the role of the Reserve Bank of Australia, and how you can contribute to the work of Australia's central bank.
The RBA is looking for a high level of analytical skills and a genuine interest in working for an institution that makes a difference to the lives of all Australians. Applications are accepted from 3rd year (or equivalent) students majoring in economics, finance, or related areas such as mathematics and statistics who intend to complete honours or similar research-based programs.
At the end of the eight-week placement, Interns may be offered a place on the Graduate Development Program to commence in February 2023. Those Interns who accept an offer may be provided with financial support during their final year of study.
Applicants must hold Australian citizenship or permanent residency at the time of application. All Intern positions are located in Sydney.
The Reserve Bank of Australia is an equal opportunity employer. We are committed to creating a diverse and inclusive workplace and encourage your application.
Reviews
Document writing, process documentation, learning protocols
supervising financial market infrastructures identifying risks
I am in the management reporting team and have been a part of various roles. I had a focus on budgeting/forecasting for IT projects, with a focus on one specific project. I have now moved into a role of doing work for the whole project portfolio. I also have various month end responsibilities and journal posting.
About the employer
Reserve Bank of Australia
4.3
1,000 - 50,000 employees
Government & Public Service
Work to promote the economic prosperity and welfare of the people of Australia.
Pros and cons of working at Reserve Bank of Australia
Pros
Opportunities to Learn: "So many opportunities to learn and grow."
Supportive Environment: "People are supportive."
Flexible Work Hours: "Very flexible, accommodates for individual needs."
Range of Work: "Exposed to a variety of different areas of work. Great learning opportunities especially being a part of the graduate program."
Work-Life Balance: "The workplace demands are reasonable and boundaries for work-life balance are respected and enforced."
Cons
Slow Processes: "Many processes are slow."
Pressure: "Can sometimes feel pressure as the work we do is important and meaningful."
Bureaucratic: "Approval processes can take some additional time when changes are made."
Traditional Process: "Not enough innovation and change very traditional slow to change."
Unclear Deadlines: "This has though provided a great learning opportunity to prioritise what is important and reach out to management for advice."