PhD internship programme

The Reserve Bank of New Zealand (The Bank) welcomes applications from PhD students in their third or fourth year to work for two to three months in the Research or Modelling teams of the Economics Department.

What to expect?

During their time, PhD interns work on projects relevant for monetary policy and financial stability. The output from the internship will typically be a Bank Discussion paper, Analytical Note, or some similar research document.

The Bank is a small but flexible institution, and interns will have direct contact with senior policy-makers. Internships are generally taken up between February and December, prior to the Christmas (NZ-summer) holidays.

PhD internships will usually be two to three months in duration.

Internships are a good way for prospective staff to get to know the Bank and to understand what it is like to live and work in New Zealand. Several previous interns have gone on to join the Bank as full-time employees.

Who are we looking for?

Candidates should be enrolled in an internationally-recognised PhD programme either in New Zealand or abroad, and should be completing the thesis component of their studies. Technical experience with Matlab would be an advantage.

We are particularly interested in candidates in the following areas:

  • Open economy macroeconomics and international finance
  • Monetary economics
  • Macroprudential policy/banking theory/regulation
  • Applied econometrics.

Salary and Benefits

A salary, in New Zealand dollars, will be paid for the period of internship.

The Bank will provide economy flights to and from the intern's home institution, and one week's accommodation in Wellington to facilitate the internship. (Other expenses are the responsibility of the applicant.)


You must be in your third or fourth year of your PhD programme. We welcome applications from international students, and, where appropriate, the Bank will support a relevant visa application.

Past interns

Find out more about past interns and their projects.

Profiles of our staff in the Economics Department.

Contact details
The RBNZ Recruitment Team
 0800 726 9732