The Federal Reserve Bank of San Francisco invites applicants for the 2026 Thomas J. Sargent Dissertation Fellowship program. The summer fellowship offers doctoral candidates the opportunity to meet with Fed research economists and visiting faculty, make progress on their dissertation research, and receive mentorship from senior economists. SF Fed economists conduct cutting-edge research that contributes to the analysis and direction of monetary policy.
Dissertation fellows attend department seminars, discuss research projects with San Francisco Fed economists, and participate in Bank social activities. The fellowship carries a stipend.
Candidates are sought in the fields of macroeconomics, international trade, financial economics, urban economics, and labor economics. Potential synergies with department economists will be taken into consideration in the selection of fellows.
Fellowship Details
Qualifications and Requirements
Fellowships are open to PhD students from all doctorate-granting colleges and universities.
Applicants must:
- Have passed their PhD qualifying examination
- Be at the dissertation-writing stage at a U.S. university
- Reside in the San Francisco Bay Area for the duration of the fellowship as scheduled for six weeks during June to September 2026 (six weeks chosen by fellow)
- Be authorized to work in the United States. The San Francisco Fed does not sponsor visas or work permits for this position.
To Apply
Please email application packet to sf.er.dissertationfellows@sf.frb.org with the following:
- CV
- Sample research paper
- Cover letter
- Two letters of reference (sent directly from letter writers)
Timeline
- March 16, 2026: Application deadline
- Early April 2026: Application review and selection
- June–September 2026: Six-week fellowship
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.









