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RBI Research Internship 2020 [20 Interns, Rs. 45K/Month]: Applications Open

By: Usha | 28 Oct 2019 12:43 PM

The RBI 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 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.

Placement

Placements would be in four departments of RBI namely Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (DSIM), Strategic Research Unit (SRU), and International Department (ID).

Eligibility

  1. DSIM : Post Graduate in Statistics / Econometrics / Economics or B.E. / B.Tech. (Computer) or MBA (Finance)
  2. DEPR : Post Graduate in Economics / Banking / Finance or MBA (Finance)
  3. SRU : 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.
  4. ID : Post Graduate degree in Economics / Statistics / Finance / International Finance / International Trade / MBA with specialization in finance / Banking / International Relations.

Desirable Qualification

Proficiency in applied econometrics and quantitative techniques; familiarity with some econometric software (e.g. Stata / Eviews / Matlab / R / Gauss).

Work Experience

Not a pre-requisite.

Duration of Internship

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).

Location

Mumbai

Number of Interns

The Bank would select a maximum of 20 interns every year.

How to apply

The application form can be downloaded here.

a) Department of Economic and Policy Research (DEPR):

  • Communication Address : Principal Adviser, Department of Economic and Policy Research, Reserve Bank of India, 7th Floor, Central Office Building, Shahid Bhagat Singh Road, Mumbai-400 001.
  • Please click here to send email attaching the prescribed application form

b) Department of Statistics and Information Management (DSIM):

  • Communication Address: Adviser-in-Charge, Department of Statistics and Information Management, Reserve Bank of India, C-8/9, Bandra-Kurla Complex, Bandra, Mumbai 400 051.
  • Please click here to send email attaching the prescribed application form

c) Strategic Research Unit (SRU):

  • Communication Address : Director, Strategic Research Unit, Reserve Bank of India, 8th Floor, Central Office Building, Shahid Bhagat Singh Road, Mumbai-400 001
  • Please click here to send email attaching the prescribed application form.

d) International Department:

  • Communication Address : Adviser-in-charge, International Department , Reserve Bank of India, 8th Floor, Central Office Building, Shahid Bhagat Singh Road, Mumbai-400 001.
  • Please click here to send email attaching the prescribed application form

Selection Process

  • Selections will be done twice a year depending on RBI’s requirements in a manner that the internship commences from 1st of January or 1st of July of the year concerned. Application window will remain open during first five months of the preceding half-year. To illustrate, applications for internships commencing from 1st of January onwards will be accepted during July-November of the previous year and will be examined in December of the previous year. Likewise, application for internship commencing from 1st of July onwards will be accepted during January- May and will be examined in June of the same year.
  • The applications of the candidates are valid only for the applied batch (i.e 1st January / 1st July) and the same will not be considered for the subsequent batch. Candidates who were not selected earlier, if interested, are requested to apply afresh when the application window for the next intended batch commences.
  • Candidate will be shortlisted by the Bank based on their CV, References and Statement of Purpose and will be called for personal interview. Interested candidates are encouraged to send their CV, References and Statement of Purpose along with duly filled application form to the email-id of the specific department desired by the applicant.

Facilities Provided

  • 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.

Click here for the official notification and here for the official website.

If you are selected to intern at this organisation, please tell us about your experience by sending an email to usha@noticebard.com after completion of your internship.

If you are looking for the RBI Summer Internship, click here.

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About the Author

Usha

Loved my student life, love talking to students now. I am a wearer of multiple hats (wife, mom, cook, chauffeur). My job is my hobby! :)

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