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European Central Bank

Traineeship in the Prices and Costs Division

Frankfurt
  • Neu
  • Veröffentlicht am 09.01.2025
  • Trainee

Your role

As a trainee, you will: 
  • contribute to the Division’s regular internal and external products (including the Economic Bulletin and macroeconomic projections), for instance by preparing tables and charts for reports or PowerPoint presentations, in collaboration with other business areas;
  • process, consolidate and transform datasets, maintain and develop databases and visualisation tools, and use microdata, in order to monitor inflation and real economic developments;
  • support policy decision-making by conducting empirical analyses using data analysis and statistical and econometric tools;
  • contribute to enhancing analytical, econometric and forecasting tools;
  • support analysis of wage and price inflation, for example by contributing to further development of the ECB’s wage tracker (building on micro-level data on wage agreements) and/or helping to analyse price-setting, working with large datasets based on different sources (including web scraping).
  • This position offers you excellent opportunities to enhance your quantitative and programming skills, work on analytical tasks and collaborate with experienced central bank economists. It is also a unique opportunity to gain insight into analysis and policy within a central bank, which will be of great value in your future career. You will be part of a multicultural team that strives for continuous innovation to make a positive impact on the lives of European citizens.

    Qualifications, experience and skills

    Essential:
  • a bachelor’s degree or higher in economics, statistics, econometrics, mathematics, data science or another relevant field;
  • practical experience of working with complex datasets, including experience of preparing charts and tables for reports and presentations, and ensuring the quality of data;
  • practical experience of statistical and econometric analysis using programming languages such as MATLAB, R, Python or statistical and econometric software such as Stata;
  • a good knowledge of MS Office applications, particularly Excel and PowerPoint;
  • an advanced (C1) command of English and an intermediate (B1) command of at least one other official language of the EU, according to the .
  • Desired: 
  • a master’s degree in economics, statistics, econometrics, mathematics, data science or another relevant field; 
  • a broad knowledge of macroeconomics and economic issues relating to wage and price developments;
  • a solid background in econometrics (in particular, time series econometrics, panel data econometrics and microeconometrics) or statistics and data science (for example, web scraping, text analysis and machine learning);
  • practical experience of working with microdata;
  • practical experience of working with relational databases using SQL and/or big data analytics tools using Spark or similar big data frameworks;
  • practical experience of using visualisation tools, for example creating interactive web applications using products such as R Shiny or Tableau;
  • knowledge of version control software such as Git.
  • You are curious and eager to learn, and want to further develop your ability to analyse complex information. You are keen to collaborate with others, pursue team goals and learn from other people’s diverse perspectives. You strive to know and anticipate stakeholder needs, and will signal any need for change and propose alternative solutions.You are motivated to contribute to the ECB’s mission, to serve the citizens of the EU as a member of a public institution and to work with colleagues from all over Europe. You are keen to be part of our team and to use your skills and competencies to achieve the aims of this position.

    Standort

    European Central Bank, Frankfurt