The Undergraduate Summer Internships provide outstanding students with the opportunity to gain valuable work experience in economic research and data analysis at CEMFI in Madrid.

Summer interns have the opportunity to enhance their analytical, computational, and interpersonal skills in the cosmopolitan and friendly atmosphere of a leading international center for research and graduate study in economics and finance. The summer program also allows participants to learn about opportunities for graduate study and a career as a professional economist.

The program is intended for undergraduate students with a superior academic record, who would like to gain useful work experience in economic research before pursuing further studies or moving on to the labor market. Students should be enrolled in a Spanish university or in a university in a Horizon Europe Associated country. In addition, they must be citizens of a European Union member country or have a valid Spanish ID card (NIE) for the duration of the internship. The program runs from 24 June to 19 July 2024. The duration of the internship is four weeks of full-time dedication. Interns will receive a stipend.

Internship activities

As a summer intern, responsibilities may include:

  • Assisting researchers at CEMFI in academic research projects.
  • Programming in statistical packages such as Stata and MATLAB.
  • Search, collect, and compile information.
  • Design systems to facilitate interfaces or to transfer data between external and in-house databases.
  • Maintain and update quantitative and qualitative economic, financial, or statistical databases.
  • Performing preliminary research to evaluate economic or statistical relationships in databases and preparing written memoranda.

In addition to their daily tasks, summer interns attend presentations hosted by CEMFI’s faculty, academic visitors, and PhD researchers. Activities include a short course on big data managing and computing in the social sciences, mentoring about graduate student opportunities, and summary presentations of research projects at CEMFI.

Admission and application

The program is very competitive, and its size is limited. Applicants must have a strong academic record and a demonstrated interest in economics, public policy, or finance. Excellent communication and computer skills are essential, as well as a good command of the English language.

To be eligible, applicants must have completed by the beginning of the internship the next-to-last year of college. Applicants must be enrolled at the time of application in an undergraduate degree that involves a strong quantitative training such as Economics, Business Administration, Engineering, Mathematics, Physics, Computer Science, or a quantitatively-oriented Social Science.

The application process for the 2024 Summer internship program is now open. The deadline for submitting an application is 12 April 2024. An academic transcript must be submitted with the application, together with a statement of purpose, proof of English proficiency, a curriculum vitae, and a recommendation letter from a teacher or professor. The required minimum level of English proficiency is C1. Applicants are strongly encouraged to submit as proof one of the following three certificates: the TOEFL iBT (minimum score of 94), the IELTS (minimum score of 6.5), or the Cambridge Assessment English (either the Advanced or the Proficiency certificate). Nationals of an English-speaking country or students who are currently studying in an institution located in an English-speaking country are exempt from this requirement. Decisions on admission will be notified no later than 15 May 2024.

If you have any other question, please contact us here.

Sponsored by Compass Lexecon.

Compass Lexecon