Student Research Assistant Traineeship Programme – Senior Management


General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme

Grant The trainee grant is €1,170 per month plus an accommodation allowance (see further information section), The trainee grant is €2,120 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 13.01.2023

Your team

You will be part of the Directorate General Research (DG/R), which carries out and coordinates economic research on monetary policy, financial stability and the ECB’s banking supervision and regulatory activities. In your role as a Student Research Assistant Trainee, you will support DG/R’s Senior Management team in their economic research and policy analysis. The work spans a broad range of research topics including: 
  • banking and finance, through the analysis of micro-data on financial intermediaries and firms; 
  • household finance, especially analyses based on the Household Finance and Consumption Survey, often in cooperation with national central banks through the Household Finance and Consumption Network;
  • macroeconomic consequences of price-setting, by compiling and analysing large store-level and household-level scanner and web-scraped panel datasets and developing and solving general equilibrium models.

The Student Research Assistant Traineeship Programme is aimed at high-performing students with a strong quantitative background and an interest in policy-relevant applied research. In addition to working closely with your team, you will have an opportunity to interact with researchers from the entire Directorate General on a regular basis. You are encouraged to apply if you have completed a bachelor’s degree in economics, statistics, finance, computer science, mathematics or a related field, and especially if you are currently pursuing postgraduate studies (a master’s or PhD) in one of these fields.

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 age, disability, ethnicity, gender, gender identity, race, religious beliefs, sexual orientation or other characteristics.

Your role

As a Student Research Assistant Trainee, you will:
  • construct and maintain monetary, financial and economic databases;
  • present data in conjunction with basic economic and statistical analysis;
  • develop mathematical, statistical and econometric procedures for research projects;
  • support and maintain software tools;
  • help to maintain internet and intranet systems within DG/R.

The position offers you excellent opportunities to work closely with our economists and management. You will support them in academic research projects and work of an operational nature, such as the preparation of policy-related notes for the ECB’s Executive Board. This will enable you to develop your analytical skills and gain insight into the ECB’s research activities and policymaking processes. 

The programme will also expose you to new ideas and stimuli that will provide a useful foundation for your future career and/or postgraduate studies. 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

  • for a traineeship paid at €1,940 a master’s degree and at least two years of PhD studies in economics, statistics, finance, computer science, mathematics or a related field;
  • for a traineeship paid at €1,070 a bachelor’s degree or higher in economics, statistics, finance, computer science, mathematics or a related field;
  • an excellent command of Stata and/or R;
  • experience in one of the following areas of technical expertise or familiarity with one of the following econometric, statistical or modelling techniques: querying, compiling and analysing large microeconomic databases, such as household or firm-level survey data, or bank/firm balance sheet data (using difference-in-difference estimators, propensity score matching estimators, and/or fixed and random effects estimation in cross-section and panel data); applying machine learning techniques to big data (macroeconomic forecasting and/or textual analysis); discrete response models, censored regression models and instrumental variables; VARs; solving and simulating DSGE models;
  • familiarity with one or more of the following databases/data providers: Bloomberg/Eikon, Thomson Reuters Datastream, Haver Analytics, Bureau van Dijk banking data (BankFocus), Bureau van Dijk firm-level data (Orbis), Fitch Connect/FactSet, SNL Financial, Dealogic, large micro price datasets, or the ECB Household Finance and Consumption Survey;
  • a very good knowledge of spreadsheet and database software such as Microsoft Excel, SQL, Microsoft Access and FAME (including an ability to use Excel’s graphing, pivot table and summary statistics functions);
  • 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.

  • for a traineeship paid at €1,070 a master’s degree (or at least one complete year of studies towards a master’s degree) in economics, statistics, finance, computer science, mathematics or a related field;
  • knowledge of other high-level programming languages such as MATLAB or Python;
  • experience with using cloud-based computing environments such as Hadoop or Cloudera;
  • familiarity with macroeconomic and financial statistics as presented in international databases (e.g. those of the ECB (the Statistical Data Warehouse), Eurostat, the Bank for International Settlements, the International Monetary Fund, International Financial Statistics).

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 aims of this position.

Further information

Traineeship/PhD traineeship of between six and 12 months in total.

Other details on the conditions applicable to traineeships at the ECB can be found on our website.

Application and selection process

Further information on how to apply is available on our website.

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

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list for 12 months from the closing date for applications, from which you might be considered for similar positions within the ECB.