Our Cadetship Award The Cadetship Award provides paid work experience and financial support during the honours year to outstanding students from Australian universities we believe possess the qualities and attributes necessary to be successful graduates at the Bank.

This is a test of the JSP engine - JJM.

To apply for a Cadetship, you must currently be in your third year of study (or equivalent if undertaking a double degree) majoring in economics or finance or closely related study area and intending to complete honours in 2006. We will also consider applications from students undertaking a double degree, also majoring in economics or finance or closely related study area who will not complete their studies at honours level until 2007.

Initially we offer eight weeks' work experience during the summer vacation commencing early December 2005. You will spend most of your time working on one or two projects culminating in the writing and presentation of a seminar paper. You will also participate in a range of development opportunities including discussion sessions run by senior economists and analysts and training in a number of essential software packages.

At the completion of the work experience period the Bank will make a decision whether to offer individual cadets a place on our Graduate Development Program in 2007.

Cadets who are offered and accept a graduate placement will receive on-going financial support for the duration of their honours year in 2006.

To apply for vacation work under the Cadetship Award please follow the application procedure outlined under Selection Criteria and Application Process. Applications close 8 August 2005.

I was a cadet at the Bank over the summer of 1990/91, which provided me with an invaluable opportunity to experience the working environment and to learn skills that helped me with my honours thesis. On completing honours, I started work in Economic Research Department. The projects that I worked on enabled me to use the analytical skills I had learned during my undergraduate degree and contribute to the macroeconomic policy process within the Bank. After two years I moved to the balance of payments area of Economic Analysis Department. While I continued to learn and be challenged by the work I was doing I felt that I would benefit from further academic training. I applied for, and was awarded, funding from the Bank to complete a Masters degree at the London School of Economics. While I was in London I took the opportunity to continue my studies to do a PhD. Since returning from London I have worked in both the Economic Research and Economic Analysis Departments, and taken a year of parental leave. I am currently responsible for the prices, wages and labour market section in Economic Analysis Department. During my time at the Bank, I have found that work is constantly challenging and that the quality of the staff ensures that the work environment is stimulating. I have had a large variety of working experiences ranging from longer-term research projects to shorter-term analysis and forecasting and management responsibility, all of which have enhanced my ability to contribute to the active internal debate on macroeconomic policy. Alex - B.Ec (Hons), University of Sydney; M.Sc, London School of Economics; PhD, London