International Monetary Fund (IMF) Internship Program

International Monetary Fund (IMF) Internship Program

Fund Internship Program (FIP)
The Fund Internship Program (FIP) is the main internship offered at the Fund. It provides an opportunity for highly promising graduate students pursuing an advanced degree/Ph.D. in macroeconomics or a related field to gain a better understanding of the IMF’s work and contribute to the institution’s mission.

Program Overview
Internships are offered to about 50 graduate students each year and are undertaken during the summer between May and October.

During the 10 to 13-week period, interns work under the supervision of an experienced economist to carry out a research project and prepare a paper. Their paper may be presented to staff in the department at the end of their assignment, and papers of high standard may be published internally.

Projects assigned to interns differ from year-to-year depending on the departments’ work program. Research covers a broad spectrum of economic issues, as evidenced by the following topics addressed in 2010:

Growth Dynamics and Determinants in the Middle East;
Fiscal Space and Fiscal Policies in the EU;
Role of Exchange Rate Policy in Managing External Shocks in Low-Income Countries;
Macro-Financial Linkages in Sub-Saharan Africa;
Inflation Dynamics in Asia and its Implications for Monetary Policy.

Who Should Apply
Students are typically pursuing a Ph.D. in macroeconomics or a relevant field, such as international economics, monetary economics, public finance, econometrics, labor economics, poverty issues or financial economics. Typically, internships are sought by those who are interested in the IMF's Economist Program following graduation.

Students who are considering the IMF Internship Program:
should be within one or two years of completing their Ph.D. in macroeconomics or relevant field;
must be in student status, i.e., must be returning to university after their internship;
should normally not exceed 32 years of age;
have an excellent command of English (both written and oral); and
must possess strong quantitative and computer skills.

While the selection process is highly competitive, candidates with diverse academic or cultural backgrounds are encouraged to apply.

Salary & Benefits
IMF interns receive:
salary comparable to senior level support staff;
round-trip economy class air travel to Washington, D.C. from their university; and
limited medical insurance coverage.

Although the IMF provides information to help interns locate suitable accommodation in the Washington area, it does not find housing for interns or reimburse their housing costs.

APPLICATION DEADLINES
For Summer Internship Session: October 1 – December 31
For Winter Internship Session: May 1 – July 31

For further info, please visit FIP webiste here