Eesti Pank is the central bank of the Republic of Estonia and a member of the European System of Central Banks. Estonia adopted the euro on 1 January 2011, becoming the seventeenth euro area Member State. This also meant that Eesti Pank joined the Eurosystem. The primary objective of Eesti Pank is to contribute to price stability within the euro area. A stable price level is maintained with the help of the single monetary policy, which is formulated by all the Eurosystem members, including Eesti Pank. The latter is also responsible for the implementation of the euro area single monetary policy in Estonia.
The internship programme at Eesti Pank is designed to further the cooperation between Eesti Pank and higher education institutions in Estonia and abroad in areas of mutual interest. Interns get to see how the bank operates as an organisation, its work and its activities.
The bank accepts university students in higher education as interns and offers them a three-month internship under the guidance of a supervisor.
The intern should have one of three aims during the internship:
- to write a research paper on a topic that is related to the core operations of the bank and is listed in the strategic research plan, collecting the data needed for it and examining and processing the topic, or
- to collect, process and analyse information and produce a summary or review of this where appropriate, or
- to build on and deepen the knowledge and skills learned academically through practical application at work.
Deadlines for applications:
- 5 April (for internship during May–August)
- 5 August (for internship during September–December)
- 5 December (for internship during January–April)
Your application should tell us:
- Which department of Eesti Pank you would like to do the internship in;
- When the internship should start and how long it should last;
- Which of the three aims you would like to follow in your internship;
- Whether you have a specific area or topic you wish to concentrate on during the internship, giving as much detail as possible about your preferences;
- About any research papers you have already written, including term papers, or projects, working groups, etc you have participated in, with brief details;
- The contact details of a university teacher who can give you a reference.
Advice for internship candidates:
- Choose a specific topic, and one that you are yourself interested in.
- Find out in advance what the bank is looking for in an intern and make your expectations clear.
- When deciding how long your internship should be, remember that one month is too short, because it also takes time to adjust to being at the bank.
- Take responsibility and take an active role in communicating.
- Be aware that for the most part you will be working independently.
- Before your internship, find out about the work and the activities of the bank.
- If you are not chosen the first time you apply, don’t be discouraged, but try again.
Opportunity is About:
Candidates should be from:
Description of Ideal Candidate:
Eesti Pank invites students in Estonia and abroad to apply for internship. Eligible candidates:
- are either Master’s students or have completed at least two academic years of BA studies;
- wish to do their research in fields related to the bank’s key functions and topics specified in the bank’s strategic research plan; or
- are interested in performing duties related to the tasks and operations of a central bank.
Deadline: The application period is open for one or more cycles a year
Cost/funding for participants:
The internship is remunerated.