The Fund Internship Programme (FIP) at the International Monetary Fund (IMF) offers a unique opportunity for summer interns to gain a firsthand understanding of the IMF's member-country-focused mandate and its critical role in global economic stability.
Benefits
During this internship, participants have the chance to build professional networks while applying their research and analytical skills to address questions of real significance to both IMF member countries and the broader global economy. Whether you aspire to a future career in international organisations or are simply curious about policy and operational work, this programme provides an ideal opportunity to familiarise yourself with both aspects, all while leveraging your cutting-edge skills and expanding your research experience.
Recruitment and Location
The FIP recruits candidates on a global basis, welcoming approximately 50 students from around the world to join the IMF each year. These paid internships take place between June and October and typically run for a duration of 10 to 12 weeks. Interns are based at the IMF headquarters in Washington, D.C., a renowned hub for international economic affairs.
Responsibilities and Research
Interns participating in the FIP work closely with experienced IMF colleagues on current issues or research questions that hold significant importance for IMF member countries. The results of their work may be presented to IMF staff at the conclusion of the internship, and many former FIP interns have had their research published by the IMF. The programme offers a dynamic and engaging environment for interns to apply their skills and contribute to meaningful projects.
Research Topics
Previous FIP research topics have covered a broad spectrum of economic and financial subjects. These have included modelling inflation dynamics, the implications of digitalisation on inflation dynamics and monetary policy, diversification's impact on poverty reduction and inequality, the role of prudential policies in attenuating credit cycles, macro-financial performance, and more. The IMF's Legal Department also offers internships within the programme, focusing on projects related to legal frameworks and financial regulation.
Eligibility Criteria
For those interested in the Economic internship, it is important to have concentrated studies in fields such as monetary and international economics, public finance, financial markets, economics, or related disciplines. Additionally, candidates must possess strong analytical and quantitative skills, as well as an excellent command of both written and oral English. Age limits are set based on academic status: PhD candidates must be below the age of 32 at the start of the internship, while Master's degree candidates should be below the age of 28 at the commencement of the internship. Legal Department internship applicants must have completed an advanced degree in law (e.g. LLM, J.D.) within one to two years of the internship start date and be below the age of 32 at the commencement of the internship.
Application Process
Applications for the Fund Internship Programme typically open in early December. Interested candidates are encouraged to apply for the programme during this period by visiting the IMF's vacancy postings on the IMF Career Site. Detailed application instructions and deadlines can be found on the official IMF website.
The Fund Internship Programme at the IMF offers a prestigious and valuable experience for individuals interested in economics, finance, and legal research. It provides a platform for interns to engage in meaningful work on critical global economic issues and collaborate with professionals at the forefront of international economic affairs. Candidates interested in this programme should closely monitor the IMF's official communication channels for application announcements and other relevant details.
