The Treasury

Apply Now for our graduate analyst positions.

About The Treasury

By joining The Treasury as a Graduate Analyst or Intern, you are embarking on a journey into the heart of public sector decision making, with meaningful responsibility on relevant issues in a stimulating environment. You will be working with an award-winning employer, interact with some of New Zealand’s top political leaders, ministerial advisors and policy talent, and learn the skills needed to build your advisory career.
Realise a true sense of accomplishment by helping to raise living standards for all New Zealanders!

Mō mātou | About Us

Applications are currently open for our January 2023 Graduate Analyst roles. Please click the link at the bottom of this page to apply.

  • Do you want to help build a more sustainable, inclusive and progressive Aotearoa?
  • Are you ready to be part of a programme that inspires, challenges and develops you?
  • Do you share our vision of higher living standards for all New Zealanders?
  • Are you forward-thinking, inquisitive and eager to learn?
  • Do you enjoy working with people, data and policy?

Here at Te Tai Ōhanga - The Treasury, we are committed to Tiakitanga (our role of stewardship) to make Aotearoa a better place for people today and in the future. We safeguard New Zealand's finances and are the Government's trusted economic advisor. Our vision is to lift living standards for all New Zealanders.

He aha te mea nui o te ao? What is the most important thing in the world?

He tangata, he tangata, he tangata. It is the people, it is the people, it is the people.

Being a part of The Treasury

We hire students studying

Business and Commerce
Policy and Governance

Available Positions

Apply Now for our graduate analyst positions.

Our Graduates

A Treasury graduate is someone who can both progress the small details of a day-to-day role while remaining focused on the big picture – raising living standards for all New Zealanders. 

Our graduates are conscientious individuals who:
  • Can successfully adapt to an ever-changing political and economic environment
  • Driven to enhance own personal and professional development
  • Have the capability and enjoy working with numbers (all our graduate roles work in the detail of the numbers that influence policy advice)
  • Build trusted, collaborative and constructive relationships
  • Communicate effectively, both orally and in writing, for a wide range of audiences
  • Are critical thinkers and have analytical ability
  • Are broadminded, inquisitive and harnesses new, and innovative ways of working and thinking
  • Value diversity and demonstrate inclusive practices
  • Have personal integrity, sound judgement, and an honest and ethical approach
At Treasury, we remain committed to employing people who represent the New Zealand community in which we serve. We value diversity and are interested in working with graduates from all walks of life, including academic disciplines, backgrounds, locations and life experiences. We want you to share your unique perspectives and bring your whole self to work.

Our Treasury Graduates are all advisors, data analysts, researchers, accountants, advocates, representatives, students and teammates.

For information on how to apply, visit our website
If you have any questions, please email

Graduate Streams

The Policy, Performance and Advisory Stream

The focus is on improving New Zealanders’ wellbeing through policy advice and helping prepare the Governments’ annual Budget.

Treasury Graduate Hannah

Hannah: Analyst, Natural Resources

“I’m the Vote Analyst for Environment in the Natural Resources team. Part of my role involves supporting the Ministry for the Environment (MfE) with financial management processes and working with MfE through the Budget. Outside of the Budget cycle, I work with MfE on their policy proposals and provide advice to the Minister of Finance on the financial, economic and regulatory implications. The Treasury is a great place to start as a graduate, as you get to look right across government. There’s such a broad range of work going on around the organisation and so many opportunities to get involved in different policy areas”

The Macroeconomist Stream

The focus is on improving New Zealanders’ wellbeing through utilising macroeconomics and fiscal policy, modelling and research, and forecasting.

Treasury Graduate Carlos

Carlos: Analyst, Forecasting

“What attracted me to the Treasury was the strong economics focus and it being at the heart of the public sector. I am part of the Forecasting team and my area of work relates to forecasting inflation, interest rates, and exchange rates. Actively monitoring and modelling developments in my sectors of the economy allows me to get a broad sense of where the economy might be going. During the Forecasting round, we visit various businesses around the country to ask people on the ground what is happening with the economy, what challenges and successes have they had, and where do they think we will be in a few months. It’s a cool opportunity to test whether our forecasts are reflecting the reality experienced by New Zealanders”

The Capital and Commercial Stream

The focus is on improving New Zealanders’ wellbeing through utilising the Government’s commercial and financial assets.

Treasury Graduate Eva

Eva: Analyst, Commercial Infrastructure and Urban Growth

“My role as a Relationship Manager can involve meeting with executive teams of State-Owned Enterprises or Crown entity companies to discuss their finances, policy and strategic direction, and then communicating the outcomes of these discussions to shareholding Ministers. If you desire a career that matters not just for yourself, but your community and New Zealand as a whole, where you can collaborate with other passionate individuals from a range of diverse backgrounds, you belong at the Treasury!”

Technical Streams

Our graduates work in one of three 'streams' when they first join us. These streams help us define the type of work graduates do and allow us to provide targeted learning and development opportunities alongside our 18 month graduate development programme. Graduates are free to move between teams and streams once they are promoted to Analyst.

The Treasury Graduate Technical Streams
The Capital and
Commercial Stream
       The Macroeconomic
             The Policy, Performance
             and Advisory Stream

The Policy, Performance and Advisory Stream

The Policy, Performance and Advisory stream offers the opportunity to focus on improving New Zealanders’ wellbeing through their policy advice and helping prepare the Governments annual Budget.

This stream is for those with a strong interest in public policy, how government works and outcomes for all New Zealanders. You do not need a specific academic background for this stream, but we do look for strong academic transcripts and an ability to work confidently with people and numbers.  

In this stream, you will have the opportunity to:
  • Advise on the government’s annual expenditure and budget package
  • Liaise with agencies over new policy initiatives, business cases and significant Cabinet papers
  • Work closely with government agencies on financial reporting, baseline funding and obligations under the Public Finance Act
  • Work on issues of public expenditure and fiscal management, including monitoring and financial performance
  • Advise the Minister primarily on financial implications and strategic alignment of Government policy proposals

The Capital and Commercial Stream

The Capital and Commercial Stream offers the opportunity to focus on improving New Zealanders’ wellbeing through utilising the Government’s commercial and financial assets.

You will be at home in this stream if you have a genuine interest in
  • financial, commercial and operational asset management
  • financial risk and performance management
  • delivering value through effective balance sheet management
  • ensuring effective business through corporate governance.
To apply for this stream you will have a 300+ level degree in either Accounting, Business Studies, Economics, Finance, Mathematics or Statistics.

In this stream, you will have the opportunity to:

  • Conduct qualitative and quantitative analysis to support Ministerial advice on various commercial and governance decisions
  • Collaborate with Crown Entities, State Owned Enterprises and cross-Treasury teams to understand key risks to delivering commercial strategies
  • Execute technical processes such as pricing financial instruments or assessing value at risk from a financial portfolio
  • Partner with debt management and export credit to consider the liability side of the balance sheet in all advice, and
  • Support the key accountability processes between Ministers and Boards.

The Macroeconomic Stream

The Macroeconomic Stream offers the opportunity to focus on improving New Zealanders’ wellbeing through utilising macroeconomics and fiscal policy, modelling and research, and forecasting.

You will be at home in this stream if you have a genuine interest in the New Zealand economy, macroeconomics and fiscal policy. To apply for this stream you will either have:
  • A 300+ level major in economics (this could be macroeconomics or microeconomics), OR
  • Completed 200 level economics papers in addition to 300+ level in one of the following: Finance, Public Policy, Statistics or Maths.
Teams that sit within the Macroeconomic Stream include:

Macroeconomic and Fiscal Policy Team
Responsibilities include:
  • Advising on monetary and fiscal policy frameworks
  • Advising the Government on the stance and sustainability of fiscal policy
  • Supporting the Minister of Finance in his statutory roles regarding the Reserve Bank’s monetary policy functions
Modelling and Research Team
Responsibilities include:
  • Collaborating on applied analysis on macroeconomic and policy issues
  • Producing fiscal projections and policy analysis
  • Undertaking timeseries analysis and developing macroeconomic models for policy
Forecasting Team
Responsibilities include:
  • Monitoring and quantitative analysis on international and domestic economic developments
  • Producing the economic and fiscal forecasts and projections published in the Budget and regular Economic and Fiscal Updates, and the Long-Term Fiscal Statement.

Health, Wellness and Our Culture

We value our people and our culture. We offer a supportive work environment and encourage a positive work/life balance through fully flexible working arrangements.

The Treasury Health and Wellbeing

The Treasury offers a range of personal health and wellbeing support, including 5 week annual leave, vision care, health checks, flu injections, health insurance assistance, childcare allowance, employee assistance programme (EAP) and a wellbeing assistance contribution. You will also have the opportunity to be involved in any of our social clubs, sports teams, and volunteering opportunities.

For more information on getting involved at the Treasury, click here.

Apply Now for our graduate analyst positions.

Application Process

1.  Apply Online

The first time you apply for a job with us you will need to create a profile on our applicant tracking system. We will then ask a series of short questions with the graduate/intern online application form (eg, work experience, study field, lived experiences, stream/s you want to apply against). We will not need you to upload a cover letter or resume – where the system asks you to do so, please simply upload a blank document.

Applications will be open for around 4 weeks to give all students enough time to join us for one of our online hosted employer sessions. 

In your application you can apply for any of the streams below that suit your interests and skills (you can apply for multiple streams all in the same application).

The Macroeconomic Stream

2.  Screening Talent

When our advert closes, we are very quick to begin screening all applications that are submitted. If you are a candidate that is longlisted for our graduate roles, we will reach out to you to begin online testing. 

If you aren't selected, we will let you know via email and suggest you opt-in for job alerts where you can see when new roles are advertised.

3.  Online testing

This is where we ask our longlist of candidates a series of situational judgement questions in addition to a cognitive test to understand how you would respond to various scenarios that may take place on the job.

If you applied for The Macroeconomic Stream or the Capital and Commercial Stream you will be asked 2 additional questions to understand your alignment to these more specific technical roles.

4.  Video interviewing 

Dive into analysing a policy proposal or challenge with our online video interview and written assessment, designed to test your analytical abilities and see if you enjoy the type of work our graduate analysts do.

5.  Virtual Panel Interviews

Unlike previous years, we will not be holding in-person assessment centres this year due to the impacts of Covid-19. Instead, we will be holding panel interviews over MS Teams. In these interviews, you will meet with 2 hiring managers and answer a range of behavioural and technical questions. This is also your chance to ask any questions you have about the role and about the Treasury.

We aim to make all of our offers within 7 days of the final panel interview.


Application Criteria

To be eligible to apply for our graduate analyst vacancies please note the three criteria below:

  1. you are entitled to work in New Zealand through:
    a. New Zealand Citizenship, Residency or Permanent Residency, or
    b. Australian Citizenship
    c. you are entitled to a three-year Post-study Open Work Visa (for degree Level 7 or above qualifications) and currently living in New Zealand
  2. you have attained a minimum of a B grade average from the previous 12 months study
  3. you are available to start in the Graduate programme in January 2023.

Contact Us

If you any questions regarding the application process or graduate programme, please email our Talent team at

About The Treasury

  • Do you want to help build a more sustainable, inclusive and progressive Aotearoa?
  • Do you share our vision of higher living standards for all New Zealanders?
  • Are you forward-thinking, inquisitive and eager to learn?
  • Are you ready to be part of a bespoke 12-week programme?
  • Have you completed your first year of tertiary education?

Being an Intern at The Treasury

As a Treasury Summer Intern, you will enjoy a specially designed intern programme, a supportive environment and a project that hones your technical, research and data analysis skills - building your future career capability. We look for interns from a wide range of academic, cultural, and social backgrounds.Working in one of our policy teams from mid-November until early-February, you will get first-hand experience and exposure to what we do, and how we do it.
Unlike other internships, the work you do will be directly related to the priorities of our agencies, the New Zealand Government, and our wider New Zealand community. The exact nature of your work will depend on your background, experience and interests, in addition to your team placement and project scope.

About the programme

Even though you are with us for a short time, we want to make sure you have a memorable experience – for all the right reasons. While you are focusing on a technical or research project, our 12 week programme ensures that you are offered as many additional opportunities as possible.
These opportunities focus on three key areas:
Welcoming you
Your intern cohort will connect with one another other well before your first day at the Treasury! You will also be introduced to your manager, supervisor and buddy gaining some insight into your project, as well as the team you will join. We want to make sure you feel supported, excited and enabled from day one. Once you arrive, there are various induction activities that aim to bring you into the fold, give you an overview of all areas of the organisation and make you feel welcomed (your first day will begin with a special Pōwhiri).
As a Treasury intern, you will receive specific development opportunities that focus on your short – medium term needs. We provide a personal project supervisor and team buddy, offer various educational workshops, and aim to give you as much experiential learning as possible.
From sitting down with our Chief Executive to attending the Intern Welcome Day: Spirit of Service at the State Services Commission (SSC), we make sure that you are constantly growing your network. Going back to our Māori proverb, we know that our most valuable asset is our people – so we try to connect you with as many diverse, knowledgeable and insightful people as possible.


Meet Mariam

Intern Analyst in Economic Strategy and Productivity
I started my role at Treasury through the Tupu Tai Pasifika Public Sector Internship Programme. As a Summer Intern, I was involved in all aspects of life at the Treasury. I was welcomed instantly and found that staff members were really friendly and always willing to meet with me, share resources and discuss projects I was working on.
Alongside working on the Living Standards Framework and the Future of Work in the Economic Strategy & Productivity team (ESP), I was also able to get involved in Pacific capability and strategy initiatives – matters that are close to my heart. This made my time at Treasury feel even more meaningful – I knew the work I was doing was important and would give back to our communities.
Working as a Summer Intern at the Treasury is a great opportunity for anyone who isn’t afraid of a little responsibility and feels passionately about making a difference towards a better, more inclusive New Zealand.

The Application Process

We do not use cover letters or resumes when screening applications for our graduate programme. Please take your time in completing all sections of the application, providing as much information as you can to assist us when reviewing your submission.


About the programme

Recruitment for the intern programme is a 3-step process:
  1. Online application and screening – we will assess your application and review whether you have met the eligibility criteria for the programme.
  2. Online psychometric test and video interview – this stage of the process helps us to identify whether you have the key skills and behaviours we look for in our interns.
  3. Offer – we aim to make all of our offers within 2 weeks of the application closing date!
Application criteria
If you can answer 'yes' to each of the following statements, you are eligible to apply to our graduate programme and we look forward to receiving your application:
  1. I am a New Zealand or Australian Citizen, New Zealand Permanent Resident or Resident, or entitled to a three-year Post-study Open Work Visa (for degree Level 7 or above qualifications)
  2. I have attained a B or higher grade average from your previous 12 months study.
  3. I have completed my first year of tertiary education.
  4. I am available between 18 November 2020 & 5 February 2021.

More information
For information on how to apply, visit our website
If you have any questions, please email