Traineeship in the Supply Side, Labour and Surveillance Division

Students and graduates

General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme (see further information section)

Grant The trainee grant is €1,070 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 09.03.2021

Your team

You will be part of the Supply Side, Labour and Surveillance Division of the Directorate General Economics. Our team consists of around 30 economists. Their analytical work focuses on labour market developments, longer-term productivity trends and other factors driving economic growth and potential output in the euro area, including the role of innovation, digitalisation and policy responses to climate change. The team also conducts country surveillance and cross-country studies, including projections, and looks into economic issues relating to EU governance and policies. Besides internal analysis and assessment, our output includes articles and studies in publications by the ECB, such as its Economic Bulletin, Annual Report, Working Paper Series and Occasional Paper Series.

The ECB is an inclusive employer and we strive to reflect the diversity of the population we serve. We encourage you to apply, irrespective of your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.

Your role

As a trainee you will:
  • support the team in data processing and visualisation;
  • develop a database infrastructure using both aggregate macro time series and micro data;
  • contribute to the quantitative analysis for the economic and policy assessment;
  • contribute to the maintenance of analytical, econometric and forecasting tools in the fields of labour markets, productivity, potential output and country analysis;
  • contribute to the Economic Bulletin and other regular internal and external publications produced by the Directorate General Economics in collaboration with other business areas within the ECB.

The position offers you excellent opportunities to work closely with the Divisions’ economists and research analysts and to contribute to its analytical and policy-relevant tasks. You will work in a group with other trainees and will be assigned a supervisor. You will be expected to complete tasks using your own initiative and to work independently. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens. 

Qualifications, experience and skills

  • a bachelor’s degree or higher in economics;
  • a sound understanding of macroeconomics and, in particular, of labour markets and economic growth;
  • a sound understanding of econometrics, either time series models or applied micro-econometrics;
  • a good knowledge of econometrics software packages such as MATLAB or Stata;
  • a good knowledge of the MS Office package;
  • an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

  • a master’s degree in economics;
  • knowledge of programming languages such as R or Python;
  • knowledge of VBA in Excel and SQL database management.

You are curious and eager to learn, and want to further develop your ability to analyse complex information. You are keen to collaborate with others, pursue team goals and learn from other people’s diverse perspectives. You strive to know and anticipate stakeholder needs, and will signal any need for change and propose alternative solutions.

You are motivated to contribute to the ECB’s mission, to serve the citizens of the EU as a member of a public institution and to work with colleagues from all over Europe. You are keen to be part of our team and to use your skills and competencies to achieve the objectives of this position.

Further information

Traineeship of 3 months, which can be extended up to 12 months.

Application and selection process

Further information on how to join us is available on our website.

The recruitment process for this position will include an online interview via Webex.