The European Central Bank (ECB) has launched an exceptional Traineeship in the Monetary Analysis Division within the Directorate General Monetary Policy. This is a unique, full-time opportunity for motivated students and recent graduates in economics, finance, and related quantitative fields to gain hands-on experience at the heart of euro area monetary policy in Frankfurt am Main, Germany.

General Information

Type of contract Traineeship

Who can apply? EU nationals eligible for our traineeship programme

Grant The trainee grant is €1,170 per month plus an accommodation allowance (see further information section)

Working time Full time

Place of work Frankfurt am Main, Germany

Closing date 25.11.2025

About the Traineeship

This traineeship places you directly within the Monetary Analysis Division, a team of approximately 40 staff members responsible for monitoring and analyzing monetary and financial developments to advise on monetary policy. You will contribute to core policy processes, including input for the ECB’s Governing Council and official publications.

Key responsibilities include:

• Working with large, complex datasets, including macroeconomic, microeconomic, and high-frequency financial data.
• Maintaining, developing, and enhancing the Division’s data infrastructure, management tools, and dashboards.
• Applying data analysis and statistical/econometric tools to help with empirical assessments for monetary policy decisions.
• Supporting the Division's economists and research analysts with daily tasks and analytical projects.

This opportunity is designed to significantly enhance your quantitative skills and provide invaluable insight into data analysis and monetary policy within a leading central bank.

Qualifications, experience and skills

Essential:

• ·a bachelor’s degree or higher in economics, finance, econometrics, mathematics, statistics, data science, social sciences, computer science or another related field;
• experience with statistical and econometric software packages, such as Python, R, Stata and/or MATLAB;
• experience with one or more of the following types of economic data: macroeconomic data, financial market data, firm-level data, accounting/supervisory bank data, transaction-level data, high-frequency data, panel data, survey data, other microdata or large datasets (i.e. big data);
• a good knowledge of the MS Office package, especially Excel and PowerPoint;
• an understanding of the economic issues covered by the Division;
• an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the Common European Framework of Reference for Languages.

Desired:

• a master’s degree (or being close to completing a master’s degree) in economics, finance, econometrics, mathematics, statistics, data science, social sciences, computer science or another related field;
• experience working with relational databases, using SQL and/or other big data analytics tools;
• experience using visualisation tools, such as R Shiny, Shiny for Python and/or Plotly/Dash;
• experience in econometrics (especially time series econometrics, econometrics of panel data and micro-econometrics) or statistics and data science (e.g. web scraping, text analysis or other advanced machine learning techniques);
• experience assisting with research, such as providing data support for research projects;
• experience using market data services such as Bloomberg, LSEG (Eikon and/or Datastream), IHS Markit iBoxx, Haver Analytics, S&P Global SNL Sector Financials, Moody’s Analytics BankFocus (formerly Bankscope) and Orbis Europe.

Further information

Initial traineeship of six months, with a possible extension to up to 12 months in total.

Other details on the conditions applicable to traineeships at the ECB can be found on their website.

Application and selection process

The recruitment process for this position will include an online interview.

Further information on how to apply is available on their website.

If you are not selected for this position but are still considered suitable, you will be placed on a reserve list for 12 months from the closing date for applications, from which you might be considered for other traineeship positions within the ECB.