The EIB, the European Union’s bank, is seeking for its General Secretariat Directorate – Economics Department at its headquarters in Luxembourg: TRAINEES
This Traineeship position holds 6 vacancies.
Duration: 6 months (fixed start date: 01st March / April 2021)
Objective of the traineeship
The objective of the internship is twofold. The Economics Department will benefit from your knowledge and technical skills in tasks that are very labour-intensive, including the preparation and econometric analysis of macroeconomic, microeconomic and financial data, which require specialised knowledge that is typical for students enrolled in a Master or PhD programme in economics or finance. You will benefit from the opportunity to work in an international financial institution, thereby gaining valuable work experience, insights into economic and policy analysis, establishing professional contacts and gaining knowledge of the functioning of the EIB.
Under the supervision of a (senior) economist of the Economics Department (SG/ECON), you will carry out work related to various projects of the Economics Department, including the development of databases, economic modeling and analysis for the links of macroeconomic scenarios with internal models for sovereign risk ratings and bank industry risk ratings, the CESEE bank lending survey, Enterprise Surveys as well as the EIB Investment Survey (EIBIS), an annual survey of non-financial companies in Europe, and the preparation of the EIB Investment Report, the flagship publication of the Economics Department.
Your main tasks will be to:
- Extract, manage and prepare large datasets for econometric and statistical analysis.
- Prepare basic descriptive statistics, charts, tables and short reports based on their data work.
- Co-operate with (senior) economists in building econometric and statistical models for data analysis.
- Co-operate and assist (senior) economists in exploring and interpreting the results from the econometric and statistical analysis, providing economic rationale and drawing policy conclusions.
- Draft short literature reviews on topics that are relevant to the activities of the Economics Department.
Academic qualifications and professional skills
- Final year of studies or University degree in Economics or Finance;
- May be enrolled in a PhD programme in Economics or Finance;
- Good understanding of economic theory and advanced statistical methods for the empirical analysis of economic data;
- Experience working with macroeconomic, microeconomic or financial data and capacity to develop econometric and statistical analysis;
- Ability to work with statistical softwares - such as Stata, R, SAS or Matlab - is essential;
- Previous experience with large datasets, including firm-level data (e.g. Enterprise Surveys or Bureau Van Dijk′s Orbis data), is considered as an advantage;
- Good understanding of economic theory and advanced statistical methods for the empirical analysis of economic data are a prerequisite;
- Previous work experience or University studies focusing on the analysis of data on investment, investment finance, financial sector performance, and corporate finance may be an advantage;
- Analytical skills and ability to clearly communicate results are essential;
- Excellent knowledge of written and spoken English;
- Excellent knowledge of standard Microsoft Office tools (Word, Excel, and PowerPoint).
Deadline for application is on the 26th November 2020.