RBI introduces Research Internship Scheme

Mumbai, June 7 (KNN) The Reserve Bank of India has introduced a Research Internship Scheme for individuals who have recently finished their graduation and wish to pursue PhD in economics, banking, finance or related fields, or to move to positions in government research institutions or financial institutions that require a quantitative and analytic orientation.

The scheme would provide an opportunity to young individuals to expose themselves to cutting edge research in central banking.

The intern would assist and collaborate with the Reserve Bank researchers on projects to provide policy inputs and papers targeted for publication at quality economics and finance journals. The intern would assist in compiling accurate and timely data and help with the relevant analytical statistical and econometric tools necessary to execute the research projects. The intern may transition to writing research and policy articles of appropriate quality, said RBI in a press release.

The applicants should have completed 3-year undergraduate degree plus one extra year of post-graduate studies or 4-year integrated courses such as B.Tech or B.E. before joining.

Selections will be done twice a year depending on the Reserve Bank’s requirements in a manner that the internship commences from January 1 or July 1.

As many as 10 interns would be selected every year by the RBI and the placements would be in departments such as Department of Economic and Policy Research (DEPR) / Department of Statistics and Information Management (DSIM) / Strategic Research Unit (SRU).

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).

The internship is based at Mumbai and the interns would be paid a stipend of Rs. 35,000 per month.

The interns shall have no right/claim for an appointment in the Reserve Bank by virtue of their internship, said RBI. (KNN Bureau)