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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Center for Financial Research

FDIC Research Job Opportunities

Economists

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by:

insuring deposits;
examining and supervising financial institutions for safety and soundness and consumer protection;
making large and complex financial institutions resolvable; and
managing receiverships.

The Center for Financial Research (CFR) at the FDIC is currently hiring financial economists. We seek candidates at all experience levels. A background in banking is not required for entry level economists. Mid-career and senior economists are expected to have experience in economics, banking, and finance.

Financial economists balance conducting independent scholarly research with policy work. Research generally focuses on banking, finance, risk measurement, deposit insurance, and systemic risk, among other topics. CFR economists have presented their research at AEA, AFA, and NBER conferences, and they have published their work in journals such as the Journal of Financial Economics, the Journal of Monetary Economics, and the Journal of Financial Intermediation.

Each year the CFR, jointly with the Journal of Financial Services Research, organizes the Bank Research Conference which brings together researchers from around the world to present and discuss research on banking and finance. Our research appears in the FDIC CFR Working Paper Series. The CFR hosts an ongoing seminar series, wherein invited speakers present their current research. The CFR economists also organize an internal discussion series to obtain comments and suggestions from their colleagues. Lastly, the Center organize a semi-weekly Banking Reading Group, during which participants discuss important papers in banking research. CFR economists frequently coauthor papers with each other and collaborate on policy studies.

Research at the CFR is supported by an extensive set of resources. The Center currently has two resident scholars who advise senior management and coauthor research papers with CFR economists. CFR economists have access to confidential data, including data on banks’ health and extensive information on failed banks. Additionally, the FDIC has subscriptions to many commercial data services and datasets. The FDIC collects and manages an extensive set of regulatory data on the financial state and operations of U.S. banks. The FDIC equips economists with econometric and statistical computing packages, including SAS, Stata, Matlab, and R and offers in-house training.

Economists at the FDIC are supported by research assistants. Economist also have access to the FDIC library, which houses a large collection of technical books and manages the FDIC’s subscriptions to electornic journals and external datasets. The FDIC provides economists with an in-house editor.

The FDIC provides economists funding for education and training which can be used to attend academics conferences, seminars, and skills workshops. Education funds can be used to pay for travel expenses, registration fees, tuition, required educational materials, and books.

The FDIC has been ranked as the best place to work among mid-size U.S. Federal Agencies for six consecutive years (2010-2015). Economist at the FDIC are offered a competitive salary with benefits that takes the cost of living in Washington, DC into consideration. The FDIC offers benefits to its employees in addition to the regular benefits offered by Federal agencies. These benefits, some at minimal cost, are among some of the best and most competitive in both the private and public sectors.

  • FDIC 401(k) Plan
  • Transit Subsidy
  • Professional Learning Accounts
  • Subsidized Fitness Centers
  • Health and Dependent Care Flexible Spending Accounts
  • Flexible Work Schedules
  • Relocation Benefits
  • Annual professional license and membership reimbursement up to $400
  • On-site Daycare Centers
  • If you are interested in applying, please see the FDIC Posting on JOE. We will be conducting informational interviews at the 2017 ASSA Meeting in Chicago in January.

    If you have any questions please contact our recuriting coordinator Catherine Spencer.

    Research Assistants

    Each year, the Center for Financial Research (CFR) hires a number of research assistants (RAs). RAs work closely with staff economists to conduct quantitative analysis and produce scholarly research. They also gather information and compile data pertaining to the financial services industry and financial markets.

    RAs advance their knowledge of the banking industry through statistical analyses and the study of the banking literature, and have the opportunity to coauthor scholarly papers. RAs become proficient at manipulating and analyzing financial data. The FDIC provides training in SAS, Stata, and other statistical packages.

    Former RAs have gone on to PhD and other graduate programs at top universities, pursued careers in the financial sector and consulting, and advanced to higher positions within the FDIC and other agencies.

    These RA positions are limited to a two-year term, with a possible one-year extension.

    The FDIC offers a competitive starting salary and an excellent benefits package.

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