PhD intern (Monetary Policy and Research Department)

The job of your life

With us, you can do socially meaningful work and challenge ideas with your own thinking and creativity. We value a healthy work–life balance. For us, this is not just empty rhetoric but a genuine part of everyday working life. While we are a stable institution, we are by no means overly serious. We are openly proud of working at the Bank.

We are now looking for you to join our team as a:

PHD INTERN (Monetary Policy and Research Department)

Meaningful work is inspiring, challenging and rewarding.

In this role, you will study the key drivers of Finland’s long-term economic growth. You will contribute to developing and formalising the theoretical framework of the Bank of Finland’s long-term empirical forecasting model. The model focuses particularly on economic growth from the perspectives of human and physical capital. You will also act as a co-author on a scientific article based on the project, with the goal of publication in a peer-reviewed journal.

You will work as part of a team consisting of research-oriented economists in the Bank of Finland’s Monetary Policy and Research Department. Team members will guide your work.

What can you expect from us?

• Responsibility combined with autonomy
• Leadership that values individuals
• An international working environment
• A meaningful work-life balance that supports everyday wellbeing
• Responsible ways of working
• A genuinely positive working atmosphere

We also offer excellent benefits, including comprehensive occupational healthcare services, generous annual leave, a wide-ranging meal benefit, and sports, culture and commuting benefits. In addition, we provide a variety of leisure-time clubs and access to shared recreational facilities in Saariselkä and Helsinki. We are a family-friendly workplace, and work can be carried out flexibly both on-site and remotely within Finland. Under our hybrid model, approximately 60% of working time can be remote, depending on the requirements of the role and collaboration. Our office is located in central Helsinki.

Employment details

The PhD internship is a fixed-term position of up to three months, scheduled for autumn 2026. Salary: EUR 2,279 per month

“I can stand behind my work, and what I do both challenges and rewards me.” 
 Internal Bank of Finland survey on meaningful work

From you, we expect:

• Right to pursue doctoral studies in economics or a related quantitative field (e.g. finance, statistics)
• Strong, proven knowledge of economic growth theory (including endogenous growth theory) and macroeconomics, and genuine interest in these areas
• Skills and experience in theoretical modelling
• Ability to work both collaboratively and independently in research
• Excellent English skills (written and spoken)
• Demonstrated ability to produce clear and well-structured research writing

We also value:

• Experience in handling empirical macroeconomic data
• Experience with empirical macroeconomic models and/or growth decompositions
• Strong quantitative skills (e.g. econometrics, statistical analysis) and programming skills (e.g. R, Python, Matlab)
• A proactive and solution-oriented approach

For further information, please contact Head of Research Esa Jokivuolle (tel. +358 9 183 2309), available on 3–5 August from 10:00 to 12:00.

With the applicant’s consent, a health examination and drug test may be conducted and security clearance sought (under the Security Clearance Act 726/2014).  The recruitment process may also include an aptitude test.

Diversity, equality and non-discrimination are key values at the Bank of Finland, and we constantly strive to ensure their implementation. We value each person’s expertise and we work together as equals. We have a working atmosphere that everyone can feel safe in, and each person’s background and viewpoint are seen as a valuable resource. We encourage applicants of all backgrounds to apply for positions in our organisation.

The Bank of Finland is the national central bank of Finland and a member of the Eurosystem. We foster economic stability. The Bank of Finland is a stable and responsible employer, offering socially significant, varied and challenging positions. We invest in the skills development and good management of our employees. International cooperation is part of our everyday work. For us, the wellbeing of our employees and the balance between work and leisure are important. We value each other and we have a good working atmosphere. Our head office is located in the centre of Helsinki.