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General Information

Working time  Full time

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Place of work  Frankfurt am Main, Germany

Closing date  04.01.2021

Your teamWe are looking for up to four highly talented recent graduates with postgraduate degrees, preferably PhDs, for the ECB’s Graduate Programme in Economics. 
We will give you a challenging two-year assignment in one business area matched to your fields of expertise, your interests – which you can indicate during the application process – and our organisational needs. During the two-year assignment you will spend a six-month period in the Directorate General Research.
Your successful completion of the programme will be assessed by the Graduate Programme Committee on the basis of performance reviews and your project paper, which you will prepare and submit before the end of the second year. 
The ECB is an inclusive employer and we strive to reflect the diversity of the population we serve. We encourage you to apply, irrespective of your gender, gender identity, ethnicity, sexual orientation, age, religion, disability or other characteristics.

Your roleThe Graduate Programme offers you excellent development opportunities, valuable experience and an insight into the ECB’s tasks and working methods. It could be your starting point for an exciting career at the ECB.
Your assignments can be in the following business areas at the ECB: Economics, Monetary Policy, International & European Relations, Macroprudential Policy & Financial Stability and Research. In these areas we perform analytical and policy work in the field of economics, as well as working to optimise the analytical framework and tools. We lay the groundwork for policy decisions and communications by providing high-quality analysis and advice. We contribute to the intellectual leadership of the ECB, represent the ECB in external fora and maintain productive relationships with stakeholders.
We will assign you an experienced colleague as a mentor to provide you with support, advice and guidance on participating successfully in the programme. You will also get a tailor-made training programme that includes a number of in-house and external training opportunities.
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 master’s degree or PhD in Economics or a related field completed between 1 February 2019 and 31 January 2021; alternatively you may be due to complete a PhD in 2021 (in this case the master’s degree can have been obtained before 1 February 2019) – candidates with a PhD, or who will obtain their PhD in 2021, will have a distinct advantage;
  • 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,


  • a sound knowledge of macroeconomics, international economics, monetary economics and/or international finance, including banking, financial markets and financial intermediation;
  • advanced knowledge of MS Office applications, including Word, Excel and PowerPoint;
  • advanced knowledge of time series or panel econometrics;
  • strong programming skills, especially experience with MATLAB, STATA, Python and R.

You engage collaboratively with others. You pursue team goals and learn willingly from other people’s diverse perspectives. You signal any need for change by explaining it and proposing alternative solutions. You analyse complex information effectively and can evaluate different views to arrive at solutions. You know and anticipate stakeholder needs.
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 motivated to be a part of our team and to use your skills and competencies to achieve the objectives of this position.You are aware of your strengths and areas of development and know what motivates you to perform at your highest level.

Working modalitiesThis is a two-year fixed-term contract which we aim to start from 1 March 2021 and to last until 28 February 2023. It may be extended for one additional year upon successful completion of the programme. While on the Graduate Programme you can apply for vacancies that are advertised both internally and externally. Upon successful completion of the programme and subject to business needs, participants are eligible to be directly appointed to positions as Economists.

Further informationYou can find additional information on the Graduate Programme on our website ( ).
For further information on how to join us, read more

Application and selection process

The recruitment process for this position will include a written exercise, a presentation and interviews.

Apply Here – Apply

For more information please open this link

How you can join us

If you join the ECB, you’ll be working in a multicultural environment, with colleagues from across Europe. You will have many opportunities to develop your personal and professional skills.

Who are we looking for?

We seek high-calibre candidates who possess the highest levels of integrity, team spirit, a wide range of skills and an intrinsic motivation to work for Europe. We employ professionals of all ages, backgrounds and disciplines with expertise not only in economics and statistics, but also HR specialists, finance experts, legal counsels, linguists, IT professionals, support staff and others.

Here at the ECB you will face various challenges, explore varied opportunities and experience a people-centered working culture that gives you a voice, influence and the remit to make an impact – for Europe.

Whether to apply

Read the vacancy notice carefully and apply only for those jobs that match your experience, strengths and aspirations.

Ensure that you meet all the minimum requirements laid down in the vacancy notice by the closing date for applications.

Minimum requirements

Minimum requirements are expressed simply as requirements in the vacancy notice.

If you do not meet all such requirements listed in the vacancy notice, your application will be rejected.

Equivalence of degrees

If you don’t have the qualification stated in the vacancy notice, you can still apply if you have another qualification plus a certain amount of relevant work experience, or an equivalent degree according to the degree equivalences, as described below.

Salary bandQualificationEquivalence with relevant work experience*
A to EVocational education4 years of relevant experience
E/FBachelorVocational education plus 4 years of relevant experience
F/G to MMasterBachelor plus 4 years of relevant experience
F/G to MPhDMaster plus 4 years of relevant experience and publication record
*Relevant work experience is cumulative. For instance, vocational training plus eight years of relevant work experience is equivalent to a Master’s degree.

Additional criteria

To further reduce the number of candidates on the shortlist, the selection committee may consider additional criteria. These are typically described as assets or advantages in the list of requirements.

Applicants with disabilities

If you have a disability or an impairment and you require help during the application or interview process, please advise us.

Further information on how the ECB supports colleagues with disabilities can be found in our Guide.

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