Eesti Pank / Bank of Estonia is inviting candidates with a Ph.D. in Economics or Finance to apply for the position of Visiting Researcher in the Research Division in 2020. The position is intended for researchers with an academic or central banking background. Doctoral students expecting to graduate within a year are also encouraged to apply.

Eesti Pank is the central bank of Estonia. Its Research Division provides high-quality research on economic and policy issues that are relevant for economic policy discussions in Estonia and the ESCB, and contributes to economic forecasting and financial stability assessment by developing economic models. See our website ( for additional information on the work of Eesti Pank.

Visiting researchers are expected to conduct research projects corresponding to the general interests of Eesti Pank, preferably on topics related to the current research projects in the Research Division, and that could be carried out in collaboration with the division’s economists.

During their stay at Eesti Pank, visiting researchers are expected to carry out their research according to a mutually agreed research plan. Research results are usually published in the Working Paper Series of Eesti Pank. Researchers are also expected to present their work at the seminars of the bank and to participate in internal discussions. Visiting researchers are entitled to remuneration that reflects their experience and academic reputation.

Our requirements for a Visiting Researcher include proven research capability and strong communication skills in English. Proficiency in Estonian is not required.

The usual duration of the employment contract for the Visiting Researcher position is two to four months. The length of the stay is flexible, but it is expected to be long enough to ensure the successful completion of the project.

To apply

The application should be in English or Estonian and should include:

  • A short description of the proposed research project, including the topic and subtopics; a description of the research questions and potential results; an overview of the theoretical background and research methodology; the preferred starting date; and the expected duration of the research project;
  • A CV with an emphasis on the applicant’s academic background and experience in research work;
  • Examples of earlier studies carried out by the applicant.

Applications should be sent to Eesti Pank by email to liina.kulu [at] (Ms Liina Kulu, Research Division, Economics and Research Department, Eesti Pank).

The deadline for applications is 15 March 2020.


The principles for processing personal data at Eesti Pank when hiring staff

Eesti Pank processes personal data that candidates for employment, visiting researcher position or an internship have submitted about themselves as part of the recruitment process. The purpose of the data processing is to assess whether the candidate is suitable for the position.

To do this, Eesti Pank processes the following personal data: basic data like name, personal identification code and date of birth; contact data like telephone number, email address and address; information on education and professional experience; information on other important skills like additional training, languages or IT skills; and any other relevant information that the candidate considered important when applying.

When processing the data on candidates for jobs and internships, Eesti Pank uses information submitted by the candidate about themselves and information from public sources. Candidates have the right to see all the data held on them by Eesti Pank and to give clarifications of those data or dispute them.

Documents submitted by the candidates can only be seen by people involved in the recruitment and selection process. Such documents and data are not disclosed to third parties. If a candidate has given the name of a referee, then it is assumed that Eesti Pank can contact the referee without needing further permission.

Data on candidates are restricted data that can only be accessed by third parties, including various authorities, in the cases set out in law. If a candidate is not successful in their application, their data are held for one year from the end of the application period. If a candidate is interested in future openings at Eesti Pank, their data can be kept with their written consent for up to three years.