Applications are invited for the role of Research Internship at Reserve Bank of India. Apply Now!

About the Program

Research Internship scheme provides an opportunity to young individuals to expose themselves to cutting edge research in central banking. It best suits individuals who have been in college relatively recently and wish to move on to pursue Ph. D. in Economics, Banking, Finance or related fields, or to positions in government research institutions, or financial institutions that require a quantitative and analytic orientation.

Role Description

The opportunity will be open to domestic as well as foreign students. Strong motivation is critical. Our work environment will give candidates many opportunities to learn and participate in research. Candidates should be keenly interested in our core areas of research and be able to derive benefit from our work in these areas.
The Intern:

  • Will assist and collaborate with RBI researchers on projects to provide policy inputs and
  • papers targeted for publication at quality economics and finance journals.
  • Will assist in compiling accurate and timely data and assist with the relevant analytical,
  • statistical and econometric tools necessary to execute the research projects.
  • May transition to writing research and policy articles of good quality.

Eligibility

  • DSIM : Post Graduate in Statistics / Econometrics / Economics or B.E. / B.Tech (Computer) or MBA (Finance) or Degree in Data Science/ B.E. / B.Tech. /B.Sc. (Computer Science)/M.Sc.in Applied Statistics, Data Science and Data Analytics
  • DEPR : Post Graduate in Economics / Banking / Finance or MBA (Finance) / B.Tech. or B.E. or Post Graduate with quantitative- oriented degrees in Economics/ Finance/ Statistical Science or those with expertise in Computer or Data Analytics. Programming skills or ability to acquire them are necessary.
  • FSD : Post Graduate in Statistics / Economics / Econometrics / Finance or MBA with specialisation in Finance / Banking
  • ID : Post Graduate degree in Economics / Statistics / Finance / International Finance / International Trade / MBA with specialization in finance / Banking / International Relations

Preferred

Proficiency in applied econometrics and quantitative techniques; familiarity with some econometric software and knowledge of Machine Learning techniques (e.g. Stata / Eviews / Matlab / R / Gauss/ Python/ Tableau/ Power BI). Demonstrated research experience preferred.

Benefits

  • RBI will provide office space, internet connectivity and other support facilities to the interns.
  • RBI will pay a stipend of ₹45,000/- (Forty-Five Thousand only) per month.
  • The interns will be entitled to leave at the rate of 12 days per six months (leave will be calculated on pro rata basis for any fractional period) and any absence beyond the above period will be treated as leave without compensation.
  • Interns will be required to make accommodation arrangements of their own.

Duration

The internship will be for a period of 6 (six) months extendable for another 6 (six) months based on the needs of the unit and the performance of the intern. Exceptional performers might be considered for further extension (total internship period may be for a maximum period of two years with a provision for renewal every six months)

The intern should necessarily complete the 6 months internship period after selection and if he / she decides to terminate the same, a notice period of at least one month must be served. If under any circumstances, the intern is unable to serve the notice period he / she would have to pay an amount equivalent to one month’s stipend.
The internship is based at Mumbai, India. Reserve Bank reserves the right to terminate the internship with a notice period of one month without giving any reason

How to Apply

Interested candidates can send their application forms to this email.

Click here to view the official notification of the Research Internship at Reserve Bank of India.