Thomas J. Sargent Dissertation Fellowship

Call for applications for 2023 program

The Federal Reserve Bank of San Francisco invites applicants for the 2023 Thomas J. Sargent Dissertation Fellowship program. The summer fellowship offers doctoral candidates the opportunity to meet with research economists and visiting faculty, make progress on their dissertation research, and receive mentorship from senior economists.

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, environmental 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
  • Be a U.S. citizen, permanent resident, or a non-resident student visa holder
  • Reside in the San Francisco Bay Area for the duration of the fellowship as scheduled for six weeks during June to September 2023 (six weeks chosen by fellow)

To apply

Please email application packet to with the following:

  • CV
  • Sample research paper
  • Cover letter
  • Two letters of reference (sent directly from letter writers)


  • March 17, 2023: Applications deadline
  • Early April 2023: Application review and selection
  • June–September 2023: 6-week fellowship

I had a great summer at the San Francisco Fed in 2016! I met new people, made new friends, and started new research projects. It’s an amazing place with dozens of economists eager to hear about your research and discuss their own.
– Neil White, UT Austin, 2016 Dissertation Fellow

Spending the summer at the FRBSF was a truly formative experience for me both personally and professionally. Through daily discussions with members of the economics research team and by presenting in the seminar series, I received valuable input on my research ideas and insights from new and different perspectives. Thanks for letting me join the team last summer, I am very grateful for the hospitality and opportunity extended to me.
– Dmitri Koustas, UC Berkeley, 2016 Dissertation Fellow

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