Undergraduate Intern – Business Analysis Focus

Minneapolis · Posted Nov 02 · $23/hr

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At a glance

Pay: $23/hr
Location: Minneapolis, MN
Work type: Onsite
Visa sponsorship: Not offered

Undergraduate internship in business analysis with a focus on risk, data analysis, and governance at the Federal Reserve Bank of Minneapolis. 12-week summer program (May 24–Aug 13, 2027), 40 hours/week, paid $23/hour, on-site. Opportunities for workshops, networking, and exposure to various careers in central banking.

What they are looking for

PowerbiData analysisRisk managementRegulatory reportingInternal audit

Location: Minneapolis, MN

CompanyFederal Reserve Bank of Minneapolis

Be a part of our 2027 summer intern cohort! We are currently accepting applications from undergraduate college students who are interested in learning more about the nation's central banking system while contributing in real ways to our work. As an intern, you'll be matched with a department that can leverage your skills and experience, and you’ll perform work that helps teams meet their goals—ultimately supporting the organization’s mission. You’ll also have opportunities to participate in workshops designed for our intern cohort, build your professional network, and gain exposure to a wide variety of careers.

This internship runs for 12 weeks from May 24, 2027, to August 13, 2027. Interns work 40 hours/week and are paid $23.00/hour. This position requires a regular on-site presence.

Applications open November 1, 2026, and close January 3, 2027 at midnight.

Sponsorship: Individuals who need immigration sponsorship now or in the future are not eligible for this position.

Skills Development

Interns strengthen analytical, regulatory, and critical-thinking skills that support risk, audit, compliance, and supervisory functions. Skill-building may include:

Risk management concepts and frameworks

Financial and data analysis

Internal audit processes

Change management methodologies

Root cause and critical analysis techniques

Regulatory reporting and data quality review

GRC tools and Power BI for visualization and insights

Examples of work performed include

Completing quality assurance risk assessments

Supporting statistical and structural reporting data collection and quality analysis

Organizing enterprise risk management and compliance data

Analyzing emerging risk trends

Assisting with business impact assessments

Evaluating earnings and capital components

Observing bank examinations

Qualifications

Currently pursuing a post-secondary degree. You must be enrolled when you apply, but not necessarily during the internship. Open to students graduating December 2026 or later.

Excellent oral and written communication skills

Familiarity with standard office software (e.g., Microsoft Office) and willingness to learn new tools

Effective interpersonal communication skills

Demonstrate behaviors that align with our core values such as: Service, Integrity, Inclusion, Initiative, Accountability, and Objectivity

Some positions require U.S. citizenship

Please note: We do NOT provide relocation assistance, housing, or travel reimbursement.

Full Time / Part TimeFull time

Regular / TemporaryTemporary

Job Exempt (Yes / No)No

Job CategoryInternship Family Group

Work ShiftFirst (United States of America)

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 (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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