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Key Facts

Industry

Government & Public Sector

Degrees/disciplines

Accounting
Business/Commerce
Economics
Engineering - Software
Finance
IT/ICT
Sciences
Property

Position Locations

NSW

PROGRAMS & DEADLINES

The RBA’s main campaign for graduates opens in February each year but other vacancies can occur throughout the year.

For more information or to apply, please visit careers.rba.gov.au.

Citizenship / Eligibility Requirements

Australian citizens and permanent residents only (including New Zealand citizens)

FURTHER INFORMATION

https://www.rba.gov.au/careers/graduate-careers/graduate-development-program.html
e: graduates@rba.gov.au

Graduate Careers at the Reserve Bank of Australia

The Reserve Bank of Australia’s two-year Graduate Development Program provides an opportunity to apply knowledge acquired at university to challenging real-world situations and acquire key transferrable skills.

Graduates are offered comprehensive training and development as part of their work at the RBA, as well as an opportunity to contribute professionally from day one. The RBA offers diverse and compelling graduate opportunities across its operations.

While graduates with any degree type can apply, honours and higher degrees, including double degrees, masters and PhDs, are highly valued, as is a genuine interest in working for an institution that has an impact on the lives of all Australians.

The RBA’s main campaign for graduates opens in February each year but other vacancies can occur throughout the year. You will be asked to apply for one particular stream when completing an application – your selection should be based on your career interests and exposure to relevant studies in:

If you remain at all unsure which stream is most appropriate for you, consult Career Pathways.

Graduates, no matter which position they occupy or project they are working on, require a combination of technical and analytical, leadership and influencing, and written and oral communication skills. The RBA’s Graduate Development Program seeks to expand those skills by supporting development through exposure to formal and informal learning opportunities.

The program currently includes:

  • Orientation week – including a corporate induction, targeted learning, group activities and events with the RBA’s executives.
  • Business skills training – including a range of specialised training modules as well as business and communication skills to support your professional development. Training modules will target effective business and technical writing, critical thinking, communication and negotiation skills.
  • Technical training – specialist technical training delivered by leading professionals and experts.
  • Rotations – the Bank seeks to offer its graduates different career paths depending on their interests and skills. Rotations are designed to broaden your knowledge of business areas, and expand your internal and external professional networks.
  • Professional development opportunities – which may include exposure to special projects, conferences, research papers and presentations.

Applications will be reviewed as they are received. Strong candidates may be invited to undertake assessments (on-line skills tests and video interviews) immediately. Interviews will commence as suitable candidates are identified and offers made on a rolling basis throughout the application period.

Current status of our major programs:

 

Current status of our major programs:

 For more information or to apply, please visit careers.rba.gov.au.

Key Facts

Industry

Government & Public Sector

Degrees/disciplines

Accounting
Business/Commerce
Economics
Engineering - Other
Finance
IT/ICT
Sciences
Property

Position Locations

NSW

PROGRAMS & DEADLINES

RBA Internship Program 2019-20 application dates will be confirmed in March 2019.

Citizenship / Eligibility Requirements

Australian citizens and permanent residents only (including New Zealand citizens)

FURTHER INFORMATION

https://www.rba.gov.au/careers/graduate-careers/internship-vacation-work.html
e: graduates@rba.gov.au

Internships

The RBA Internship (previously known as the Cadetship Program) is an excellent opportunity for high-achieving students to get first-hand experience of what it is like to work in Australia’s central bank. The Internship has been designed to provide work experience and financial support during the final year of study to students who have the potential to be successful graduates at the RBA.

We look for a high level of analytical skills and a genuine interest in working for an institution that has an effect on the lives of all Australians. Applications are accepted from 3rd year (or equivalent) students majoring in economics, finance, or related areas such as mathematics and statistics who intend to complete honours or similar research based programs.

Initially, the RBA offers successful candidates a paid eight week work placement over the summer. As an intern you will be supported as you undertake project work that culminates in a research paper that is presented to your peers and senior staff.

During your placement, you may also complete notes on data releases, analysis of developments in financial markets, or other work that provides an insight into working at the RBA as a graduate. In addition, you will attend targeted training as well as interactive information sessions designed to provide you with a more comprehensive understanding of the role of the Reserve Bank of Australia, and how you can contribute to the work of Australia’s central bank.

At the end of the eight week placement, Interns may be offered a place on the Graduate Development Program, which commences the following year. Interns who accept an offer as a graduate will be provided with financial support during their final year of study.

Applicants must hold Australian citizenship or permanent residency at the time of application. All of our opportunities are located in Sydney. To contact us about our programs email .

Applications will be reviewed as they are received. Strong candidates may be invited to undertake assessments (on-line skills tests and video interviews) immediately. Interviews will commence as suitable candidates are identified and offers made on a rolling basis throughout the application period

How to apply

The Reserve Bank of Australia’s core values – promotion of the public interest, integrity, excellence, intelligent inquiry and respect – guide everything we do. Our people have a genuine interest in promoting the wellbeing of all Australians and are committed to diversity and inclusion. We aim to ensure that all employees are treated with dignity and respect, and that they experience equal opportunity throughout their careers.

The RBA embraces lifelong learning and understands that professional qualifications, accreditations and postgraduate study contribute to a fulfilling career. Employees at any level can apply for support towards career-relevant professional memberships and study, with additional leave and financial assistance provided.

Work-life balance is important to us, and we understand the contribution that staff wellbeing makes to performance. Employees across our operations are rewarded with access to flexible work arrangements, as well as health and wellbeing programs.

A number of special interest sporting and social clubs enjoy the Bank’s support. The RBA’s corporate philanthropy program offers significant financial support to several important causes including the Financial Markets Foundation for Children, while RBA employees are generous contributors to a dollar-matching Workplace Giving Program and contribute as skilled volunteers to several charitable initiatives throughout the year.

Meet Our People

Watch current staff talk about their experiences working at the Reserve Bank of Australia.

Elliott’s Story

Elliot is an Economic Analyst working in the Governor’s Office. He talks about what it’s like working in an intellectually stimulating environment and being able to learn from leading thinkers in the fields of finance and economics. One of his highlights was having the opportunity to attend G20 meetings in Australia during 2014.

Dorotea’s Story

Dorotea is the Manager of the Network Services Group in the IT Department. She discusses the IT transformation that has taken place and what it’s like being part of a growing team that has developed new functions. Dorotea describes a dynamic work environment in which excellence is highly valued.

John’s Story

John is now a Manager in the IT Department. He talks about the collaborative nature of his role and his work on some key projects. John explains that graduates joining the Reserve Bank can expect to face high expectations but are also supported by a valuable structured training program.

Jessica’s Story

Jess is a Senior Analyst in the International Department. She talks about what it is like to work in such a highly respected organisation like the Reserve Bank. Jess discusses the collaborative environment she works in and highlights some of the different projects she has had the opportunity to work on at the Bank.

Alexandra’s Story

Alexandra is an Economist working in the Economic Analysis Department. Alexandra explains that one of the most rewarding aspects of her role is seeing the economics she studied at university come to life in the workplace. She also talks about the opportunities she has had to complete both the Cadetship (now called the Internship) and Graduate Programs at the Reserve Bank.

Nicholas’ Story

Nicholas is a Financial Accountant in the Finance Department. Nicholas discusses some of the opportunities he has had in his role so far, including coordinating the Bank’s strategic planning process. He explains that one of the things that attract him to apply for the graduate program was the Bank’s reputation both locally and internationally.

Michelle’s Story

Michelle is an Economist working in the Economic Analysis Department. She discusses that one of the things she values most about working at the Reserve Bank is the diverse range of work she has had the opportunity to work on. Michelle also explains that graduates can expect the Bank to be a challenging and stimulating place to work.

 

For more information or to apply, please visit http://careers.rba.gov.au.

Eligibility

While graduates with any degree type can apply, honours and higher degrees, including double degrees, masters and PhDs, are highly valued.

Visa Requirements

Candidates must hold Australian or New Zealand citizenship, or Australian permanent residency at the time of application.

Position Locations

All Graduate Development Program and Internship Program positions are located in Sydney, NSW.

About the Recruitment Process

The RBA process is comprehensive, and assesses candidates in several stages as they progress from application to offer. Occasionally steps are omitted, added to, or occur out of their usual order, so each candidate’s individual experience may vary. The typical process is as follows:

Application Step What we need form you Duration
  1. Online application
    Presents your work and educational experience and career interests
  • CV/resume
  • Copy of Transcript
  • Details of degree(s), completion date, course names and results
  • Details of work and/or volunteer experience
  • Details of two referees
15-30 minutes
  1. Online ability testing
    Assesses your ability in verbal, numerical and inductive reasoning
  • Quiet, well-lit and distraction-free environment
  • Computer (Windows or Apple)
  • Pen, paper and calculator
90 minutes (excluding practice questions)
  1. Online video interview
    Assesses your motivation, experience and ability to ‘think on your feet’
  • Computer (Windows or Apple), or smartphone
15-20 minutes (excluding practice questions)
  1. Online assessment
    Provides insights into your interpersonal and decision-making preferences
  • Quiet, well-lit and distraction-free environment
  • Computer (Windows or Apple)
30 minutes (excluding practice questions)
  1. Panel interview – behavioural and technical
    Explores your motivation for application, skills and oral communication).
  • Attendance in person in Sydney,* or
  • Attendance via Skype – computer (Windows or Apple), or smartphone
60 minutes
  1. Assessment centre
    Assesses writing skills and confirms ability testing results
  • Attendance in person in Sydney*
90 minutes
  1. Reference checking
  • Referee details – academic and professional
n/a

*The RBA will meet the costs for interstate candidates required to travel to Sydney

 

Further Information and How to Apply

https://www.rba.gov.au/careers/graduate-careers/graduate-development-program.html

https://www.rba.gov.au/careers/graduate-careers/internship-vacation-work.html

egraduates@rba.gov.au