Deadline for the application: 8 February 2026. The ESM is looking for a candidate studying towards (or recent graduates from) a master's or PhD degree to assist the Climate Working Group within the Chief Economist Department. The European Stability Mechanism (ESM) traineeships aim to provide talented university students and recent graduates with an opportunity to understand how the ESM works and contribute to its mission.

PURPOSE OF THE TRAINEESHIP

The successful candidate will join the Climate Working Group and contribute to the further development, enhancement, and implementation of the department’s framework for conducting country-specific climate change risk assessments. The trainee will closely collaborate with experienced professionals within the organisation to gain hands-on experience in applied economic analysis, data analysis, and modelling. ESM colleagues will assist them in their duties.

KEY QUALIFICATIONS

• A candidate (or recent graduate within one year of graduation) for an advanced university degree (Master’s/PhD) in economics, finance, data science, statistics, or a related field.
• Experience in data analysis and empirical research using specialised software (Stata, R, MATLAB, etc.).
• Knowledge of climate economics and related modelling approaches, as well as familiarity with the work of the Network for Greening the Financial System (NGFS) would be a strong plus.
• Experience with risk assessments and risk categorisation/scoring approaches would be a plus.
• Fluency in English, both oral and written.

APPLICATION PROCESS AND PRACTICAL INFORMATION

• Deadline for application: 8 February
• Expected start date: as soon as possible
• Expected duration: six months, with possibility of extension up to 12 months
• Competitive allowance granted

All of our current vacancies are available on our website ESM Vacancies Careers

The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation or disability. To further enhance the diversity of our workforce, we particularly encourage women to apply.