Economist/Senior Economist/Economic Advisor - Macroeconomics

Company Federal Reserve Bank of ChicagoEconomist/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:

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:

• 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

Regular / Temporary

Job Exempt (Yes / No)

Job Category

Work Shift

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 ( or through verified Federal Reserve Bank social media channels.

Privacy Notice