The Deutsche Bundesbank is a special type of bank. Together with the ECB and the other euro area central banks, we ensure a stable euro. To achieve this, as well as other central bank tasks, we need a diverse range of specialists in a wide array of areas in order for the institution to function. Join us and become part of a strong team of reliable and responsible individuals.
Internship in the “International and Euro Area Macroeconomic Analysis” Division
The “International and Euro Area Macroeconomic Analysis” Division analyses and macroeconomic developments at the global level and in the euro area or in the European Union.
Valuable work: your role with us
During your internship, you will assist in ongoing work and/or work independently under the guidance of experienced staff on a project on one of the following topics:
- international business cycle analysis
- international commodity markets
- analysis of global trade and geo-economic fragmentation
- effects of trade fragmentation on inflation
- sectoral analyses of productivity and digitalisation
- Further development of our multi-sector DSGE model
The project may be incorporated into a master’s thesis and/or a research paper, if appropriate. Depending on your qualifications, longer-term research projects are also possible.
Unique assets: your skills and qualifications
Master’s or PhD students in economics with:
- very good knowledge of economics and econometrics
- an interest in quantitative and empirical methods and issues relating to macroeconomic, price and growth analysis
- knowledge of Stata, R, Matlab, Dynare, Python or similar products (desirable)
- very good command of written and spoken German or English
- Current grade point average of 2,5 or better
- Students must be enrolled at an university for the entire duration of the internship
Valuable work, generously rewarded
Remuneration and prospects
International working environment, varied tasks, national and international exchange opportunities, remuneration depending on your qualifications
New work
Home office opportunities, friendly and respectful working atmosphere, working hours: 39 hours/week (part-time possible), flexible and predictable working hours, flexitime system with additional work compensated by time off in lieu
Extra benefits
Canteen, good transport connections (bus and train), central location
Interested in enriching our team?
Then we can’t wait to receive your application. If there are still questions that you’d like answered before you apply, simply get in touch with the contact people named below.
Starting Date: by agreement
Questions regarding the application process can be addressed to:
If you have any questions regarding what the role entails, please contact:
Almira Enders, + 49 (0)69 9566 38633
almira.enders@bundesbank.de
Please apply using our online tool until 7 December 2025, citing internship ID 2025_0870_02, the period you wish to apply for and, if applicable, the topic you wish to focus on.
Diversity and equal opportunities are important to us. Where candidates are equally qualified for the position, preference will be given to applicants with a disability. The Bundesbank also promotes gender equality in the workplace, especially when filling leadership positions. We therefore particularly welcome applications from women.