RBI Research Internship Scheme 2016

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RBI Research Internship

RBI Research Internship is aimed at individuals who have completed 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.

RBI Research Internship Scheme 2016

The Reserve Bank of India (RBI) has introduced a Research Internship Scheme to provide an opportunity to young individuals to expose themselves to cutting edge research in central banking.

Highlights of the Scheme

RBI Research Internship Scheme

  • 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.

CLICK HERE TO APPLY

Qualifications for Internship

RBI Research Internship Scheme

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. The Reserve Bank seeks motivated candidates with quantitative oriented degrees in economics, finance, or statistical sciences or those with expertise in computer or data analytics or engineering. Programming skills or ability to acquire them are necessary.

The Reserve Bank’s work environment will give candidates many opportunities to learn and participate in research. Candidates should be keenly interested in the Reserve Bank’s core areas of research and also be able to derive benefit from our work in these areas. The opportunity will be open to domestic as well as foreign students.

Work experience is not a pre-requisite.

Mode of Application

RBI Research Internship Scheme

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. Application window will remain open during first five months of the corresponding half-year.
Candidates will be shortlisted by the Reserve Bank based on the CV, references and statement of purpose and will be called for personal interview. Interested candidates are encouraged to send their CV, references and statement of purpose through e-mail to the email id relevant to the desired Research Area/Department.

Method of Selection & Duration

The Reserve Bank would select a maximum of 10 interns every year. 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 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 (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, India.

Facilities Provided

The Reserve Bank would provide office space, internet connectivity and other support facilities to the interns. The Reserve Bank would pay a stipend of Rs. 35,000 per month. Interns will be required to make accommodation arrangements of their own.

Latest Job Updates from RBI

For more information log on to https://www.rbi.org.in/

CLICK HERE TO APPLY

With inputs from IIFL

 

 

  • Harshit David

    I am in MA( ECONOMICS) first year. When can I apply for the internship ? They have asked for undergrad+ one year of post grad. So, should I apply in January 2017 in order to get selected in the July 17 batch (by that time I ll complete my first year) , or should I apply in July of next year? Please help. Thanks

  • priyanka

    Is there is any age limit..I have done bba n than mba..I m elligible or not

    • AMIT CHAUDHARY

      No age limit as such.
      you can apply

  • Neha Mehta

    I am graduate. I have not completed my post graduation but I have completed my CA Inter… Am I eligible for this??

    • AMIT CHAUDHARY

      As per qualification, you may not be elligible.
      Still give it a shot.
      The elligibility rules are not hard and fast

      • Neha Mehta

        Thank u sir..

        • AMIT CHAUDHARY

          welcome

  • Shalini

    What does References mean ?

    • AMIT CHAUDHARY

      Any dignified person that knows you and can vouch for your credentials

  • Kanchan dadhich

    I m completing my pg this year by business administration …am I eligible for this?

    • AMIT CHAUDHARY

      Yes kanchan

  • Akanksha Gupta

    And I am not going to join any course this y
    ear

    • AMIT CHAUDHARY

      Yes Akansha

      • Akanksha Gupta

        Statement of purpose?

        • AMIT CHAUDHARY

          The Statement of Purpose is the single most important part of your application that will tell the admissions committee who you are, what has influenced your career path so far, your professional interests and where you plan to go from here.

          As the name signifies, the Statement of Purpose is your personal statement about who you are, what has influenced your career path so far, your professional interests and where you plan to go from here. It need not be a bald statement of facts; several successful SoPs address these questions through anecdotes, stories or by describing their hero. But whether your SoP is subtle or to the point, it must be well written to be successful.

      • MaStAnI

        ge sir …sir i want to apply in this RBI internship program…plz can u give me the link to apply…or make this thing a bit more clear. thnx

  • Akanksha Gupta

    I am completing my pg this year, am I eligible for this??

    • AMIT CHAUDHARY

      Yes

  • Siddhi

    I hve completed 3yrs bms in finance later also completed 2yrs mcom correspondence nw pursuing pgdfm m i eligible for this internship??

    • Yes you are eligible.

  • Shashank Shahi

    I m graduate in BMM in advertising, m I eligebal for this internship ?

    • Was it a three year course or a four year course ?

      • Shashank Shahi

        3 yrs degree

        • No Shashank. The minimum eligibility is either 4 years of graduation or 3 years of graduation plus masters. Apply after completing your masters degree or after 2 semesters of your masters degree.