Job details

SUMMER COLLEGE INTERN - Economic Analysis and Forecasting

Get a free resume review

Job Description

TASK FORCE: City Revenues, Economics, and Policy

UNIT: Economic Analysis and Forecasting

JOB TITLE: One (1) Summer Intern

CONTROL CODE: POR Intern-25-03

SUMMARY:

The Mayor’s Office of Management and Budget (OMB) is the City government's chief financial agency. OMB's staff of analysts and experts assembles and oversees the Mayor’s expense and capital budgets, which fund the services and activities of approximately 90 City agencies and entities.

The Econ group at OMB is responsible for developing economic forecasts in support of the NYC budget process. In this capacity, we monitor and analyze many sectors of the national and NYC economy.

JOB DESCRIPTION:

Past interns have had the option of picking a project that matched their interests.
Some of the potential topics include:
1. Assess the accuracy of OMB’s seasonal adjustment of the NYC Current Employment Statistics (CES) monthly data;
2. Assemble and assess potential alternate measures of population flows in and out of NYC. These could potentially include the NYC Dept. of Finance public microdata tax files, the American Community Service, and school enrollment records;
3. Contribute to OMB’s efforts to standardize NYC housing addresses as a step in creating a repeat-sales price index for NYC co-op apartments.

QUALIFICATIONS:

Our staff require strong analytical skills, attention for detail, ability to work independently and an interest in economic data and analysis. We are looking for someone with a background specifically in economics and a familiarity with econometric and statistical environments. While we use STATA, EViews, and R on a regular basis, familiarity with any other statistical software platforms (Python, SAS, SPSS, etc.) is acceptable. Candidates with backgrounds in accounting or business will only be considered if they can demonstrate coursework in economics or econometrics.

REQUIREMENTS:

Undergraduate interns must be currently enrolled or accepted into an accredited college or university. Strong analytical, research and communications skills are required. Candidates must have familiarity in MS Word and Excel

To participate in the OMB Summer Internship Program, undergraduate students must be enrolled or accepted into a college or university.

SUMMER COLLEGE INTERN - 10234

Qualifications

As of June of the Program year the prospective interne must be a student matriculated in a college or be a recent college graduate (winter/spring term of the Program year).
NOTE: Appointment to this title is only valid for the duration of the Program, June - August each year.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

What You Should Know About SUMMER COLLEGE INTERN - Economic Analysis and Forecasting, City of New York

Welcome to a fantastic opportunity to kickstart your career with the Summer College Intern position in Economic Analysis and Forecasting at the Mayor’s Office of Management and Budget (OMB) in New York, NY! This role is perfect for an enthusiastic undergraduate student eager to dive into the world of economic data and analysis. As part of the OMB, you'll be at the heart of the city’s financial processes, working alongside experts who manage budget plans that support about 90 city agencies. Interns have the unique chance to choose projects tailored to their interests, which could include analyzing NYC’s employment statistics or contributing to innovative housing price assessments. If you’re passionate about economics, data analysis, and want to make a tangible impact in New York City, this internship is your golden ticket! With a strong focus on analytical skills, attention to detail, and a bit of familiarity with statistical software like STATA or R, you’ll not only gain invaluable experience but also help shape the economic landscape of the city you love. You'll leave this internship with a solid understanding of economic forecasting processes, making connections that will last well beyond your summer. Therefore, if you're ready to learn, explore, and contribute to New York's vibrant economic narrative, we want to hear from you!

Frequently Asked Questions (FAQs) for SUMMER COLLEGE INTERN - Economic Analysis and Forecasting Role at City of New York

What responsibilities can a Summer College Intern in Economic Analysis and Forecasting at the Mayor’s Office of Management and Budget expect?

As a Summer College Intern in Economic Analysis and Forecasting at OMB, your responsibilities will include working on projects of your choosing that enhance your familiarity with economic data. This could mean assessing the accuracy of OMB’s seasonal adjustments for employment data or analyzing population flows into and out of NYC using various datasets. You'll have opportunities to contribute to efforts such as standardizing housing address data for market analysis. This diverse experience will provide a practical understanding of how economic data drives city policy.