RBI Internship- (Reserve Bank of India) is looking for summer interns for its research internship program. RBI is a India’s central bank, responsible for the Indian banking system Regulation.
About the RBI Internship Program
- It will offer opportunities to young individuals to expose themselves to cutting edge research in central banking.
- It is a best opportunity for the individuals who have been in college recently and wish to move on to pursue Ph.D in Economics, Finance, Banking, or other related fields, or to positions in government research institutions, or financial institutions that require a quantitative and analytic orientation.
About the Role
- Assist and collaborate with RBI researchers on projects to provide policy inputs and papers targeted for publication at quality economics and finance journals.
- 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 three departments of RBI namely:
- Department of Economic and Policy Research (DEPR)
- Department of Statistics and Information Management (DSIM)
- Strategic Research Unit (SRU)
Eligibility
Qualification
- DSIM- Post Graduate in Statistics/ Econometrics/ Economics or BE/B. Tech (Computer) or MBA (Finance).
- DEPR- Post Graduate in Economics, Banking, Finance or MBA (Finance)
- SRU- B.Tech or B.E. or Post Graduate in Economics, Finance, or Statistical Science or those with expertise in Computer or Data Analytics
The opportunity will be open to domestic as well as foreign students
Experience
- Freshers are eligible to apply
Selection Procedure
- Selection 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 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
- Candidate will be shortlisted by the Bank based on their CV, References and Statement of Purpose and will be called for personal interview.
Application Procedure
- Interested candidates can send their CV, References and Statement of Purpose through e-mail to the email-id relevant to the desired Research Area/ Department.
- References may be obtained from the faculty members of the related colleges/institutions of the respective applicants.
- Incomplete applications and applications without CV, References and/or Statement of Purpose are liable to be rejected.
Internship Duration
- The internship will be for a period of 6 months extendable for another 6 months based on the needs of the unit and the performance of the intern.
- Exceptional performers might be considered for further extension for further extension for a maximum period of two years with a provision for renewal every six months.
Benefits
- RBI will provide office space, internet connectivity and other support facilities to the interns.
- RBI will pay a stipend of Rs. 35,000 per month
- Interns will be required to make accommodation arrangement of their own.
Location
This Internship is based at Mumbai, India.
