Bank of Canada PhD Researcher Jobs 2026–2027: Up to CAD $156,778 Salary
The Bank of Canada is recruiting well-trained PhD economists for its 2026–2027 PhD Job Market. This is an opportunity for researchers interested in central banking, economic research and policy analysis to join one of Canada’s leading economic institutions.
Up to 8 positions are available in Ottawa, Ontario. The positions are permanent and full-time, with a hybrid work model.
The application closing date is April 30, 2027.
About the Bank of Canada PhD Researcher Position
The Bank of Canada is seeking economists with strong research capabilities who are interested in central banking and want to contribute to economic and financial policy.
Successful candidates will undertake rigorous research and policy work that supports senior management and contributes to the Bank’s research agenda.
Depending on the needs and interests of the Bank and the employee, researchers may also have opportunities to move between departments and pursue research in new or emerging areas of importance to the Bank.
Key Responsibilities
Successful candidates will be expected to:
- Develop innovative research ideas
- Produce high-quality research papers
- Conduct research related to Bank priorities
- Contribute to policy analysis and briefings
- Develop and contribute to economic models
- Collaborate with researchers and policy professionals
- Work on multidisciplinary projects
- Engage with government and international organisations
- Build relationships with other central banks, financial market participants and academic institutions
- Share research findings and receive feedback from external experts
The role combines academic research with practical policy work, making it suitable for economists who want to apply their research skills to real-world economic and financial issues.
Who Can Apply?
Applicants must have a recent or forthcoming PhD in Economics.
The Bank considers a recent PhD to be one completed after January 2021, while forthcoming PhDs should be completed in 2027.
There is no minimum post-PhD employment experience requirement. Relevant doctoral research experience will be considered.
Candidates should demonstrate strong research capabilities and an ability to conduct high-quality research suitable for publication in peer-reviewed academic journals.
Key Skills and Requirements
The Bank is looking for candidates with strong abilities in:
- Economic research
- Policy analysis
- Writing and communication
- Oral presentations
- Teamwork and collaboration
- Problem-solving
- Economic and financial analysis
- Empirical research and modelling
- Innovation and development of new research ideas
Applicants should also demonstrate adaptability, curiosity and a willingness to learn and use new technologies, including AI and digital tools.
The language requirement is English or French.
Candidates whose expertise falls outside the listed areas may also be considered in exceptional circumstances where their research is particularly relevant to the Bank’s current priorities.
Salary and Compensation
The Bank of Canada offers a competitive compensation package.
Based on the 2026 salary scales, the starting base salary ranges from:
CAD $114,952.50 to CAD $156,778 per year.
The salary range may be adjusted following the Bank’s annual salary review in 2027.
Selected candidates may also qualify for a hiring bonus, which can include a lump-sum payment at the time of hiring and up to two additional annual payments. The total hiring bonus can reach 30% of base salary.
The Bank also offers performance pay of approximately 7% to 10% of base salary, with additional performance pay of up to 10% for employees who exceed expectations.
Additional Benefits
Employees receive a range of benefits, including:
- Health, dental, disability and life or accident insurance
- Additional vacation days that can be purchased
- Defined-benefit pension plan
- Flexible working arrangements
- Teleworking opportunities
- Flexible working hours
- Work-from-away arrangements
- Relocation assistance, where applicable
- Support for research conferences and external presentations
Researchers also have access to research assistants, extensive data sources, statistical analysis support and powerful computing resources.
The Bank provides opportunities to attend research conferences, workshops and seminars and collaborate with economists from leading academic departments and institutions.
Location and Work Arrangement
The position is based at the Bank of Canada in Ottawa, Ontario.
The position is full-time, with a standard work schedule of 37.5 hours per week.
The Bank operates a hybrid work model. Employees can telework for a substantial part of each month but are expected to work on site at least 12 days per month.
Applicants must live in Canada and within reasonable commuting distance of the Bank’s office.
Application Requirements
Applicants must submit:
- A cover letter
- Curriculum vitae
- Research paper or job market paper
- Three letters of recommendation
Additional information and recommendation letters are submitted through EconJobMarket.
Candidates selected for further assessment may participate in two interviews, a written assessment and a presentation of their job market paper.
Important Information
Priority will be given to Canadian citizens and permanent residents.
Successful candidates must also be eligible for reliability status or secret security clearance.
The position is permanent and full-time, and the Bank expects to hire up to eight candidates.
Application Deadline
The closing date for the Bank of Canada PhD Researcher position is:
April 30, 2027
Interested candidates should review the official vacancy information and ensure that all required application materials are submitted before the deadline.
APPLY ON THE OFFICIAL WEBSITE.
Final Thoughts
The Bank of Canada PhD Researcher opportunity provides economists with the chance to combine academic research with practical central banking and policy work.
With competitive salaries of up to CAD $156,778, research support, pension and benefits, flexible working arrangements and opportunities to collaborate with leading economists, this is an attractive opportunity for PhD economists seeking to build a career in central banking and economic policy.
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