Research Associates

Published Date January 02, 2023  Last Date to Apply January 31, 2024 

The details are as follows-


CAFRAL is a research institution set up by the Reserve Bank of India.  Our focus is on the areas of banking, finance and macroeconomics. Within these broad areas, our interests include credit risk, monetary economics, mortgage markets, open economy macroeconomics and consumer finance.  

CAFRAL aims to build intellectual capacity in these areas through its own internal hires, by hosting researchers of international repute, and facilitating collaborative research by building data resources and analytical capabilities.

The job will involve academic research and policy-related components. The selected candidates –

  • Will assist and work with CAFRAL researchers and research visitors on research and policy related projects. The output will be papers targeted for publication at high quality finance and economics journals and articles that inform policy.
  • Will assist in putting together the data resources and assist with the relevant analytical statistical and econometric tools necessary to execute the research projects. 
  • Research associates can expect a vibrant research environment, exposure to issues of policy and academic interest, and the chance to work with interesting datasets and mathematical and statistical toolkits used to address research and policy questions. They will interact with senior faculty and scholars from top ranked universities and research institutions in the world. 

We prefer applicants who have completed their Master’s degree in finance, economics, statistics and data analytics, engineering or computer science with significant potential to excel in the above requirements. Programming skills in STATA and MATLAB or ability to acquire them are necessary. Candidates with Bachelor’s degrees will also be considered on case-by-case basis.

Strong motivation is critical.  Our work environment gives you many opportunities to learn and participate in research. Candidates should be enthusiastic about our core areas of research and also be capable of benefiting from what we do in these areas.

The position provides excellent experience for those interested in pursuing a PhD at a top program. Past RAs have secured admission into top universities such as University of Chicago, MIT, Oxford University, University of Washington at Saint Louis, University of California at Berkeley, University of Texas (Austin), Boston College, University of California at Irvine, University of Washington (Seattle), Arizona State University & University of Maryland. 

Not required

Date of Joining
On rolling basis.

Compensation will be about INR 8lakhs per year + performance related bonus after successful performance of one year.
Selected candidates will be offered contracts of up to two years with some chance of renewal for a third year.
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