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Facebook Research Scientist, Novi Economics (PhD) in Nashville, Tennessee


Facebook's mission is to give people the power to build community and bring the world closer together. Through our family of apps and services, we're building a different kind of company that connects billions of people around the world, gives them ways to share what matters most to them, and helps bring people closer together. Whether we're creating new products or helping a small business expand its reach, people at Facebook are builders at heart. Our global teams are constantly iterating, solving problems, and working together to empower people around the world to build community and connect in meaningful ways. Together, we can help people build stronger communities - we're just getting started.


Novi is a Facebook subsidiary whose goal is to provide digital financial services to users. The first product Novi will introduce, in late 2021 or 2022, is a digital wallet, which will be available in Messenger, WhatsApp, and as a standalone app. This will initially support peer-to-peer payments and merchant payments. Over time, it will evolve to include enhanced merchant payments, broader cryptocurrency access, and broader financial services. The Novi Economics team is seeking exceptional candidates from a market design, applied microeconomics, finance, or macroeconomics background to join our team. Individuals in this role are expected to have deep expertise and the ability to leverage economic theory into real-world, practical solutions for blockchain-based problems. Depending on background, economists in this role will initiate and execute projects around topics such as experiment analysis, financial and macroeconomic design of the system, economic incentives in consensus protocols, and more. Candidates should demonstrate a strong research background and the ability to disseminate findings clearly and succinctly. This job will involve both foundational product work and academic research centered around the Novi digital wallet and the Diem currency.

Required Skills:

  1. Drive economics-based product decisions and research agendas involving the Novi wallet and the Diem currency

  2. Work closely with other teams, including product and engineering, to identify and answer economics-related questions

  3. Communicate findings clearly and concisely to leadership and other stakeholders

  4. Author novel economics research

Minimum Qualifications:

  1. Knowledge in R or Python

  2. Knowledge with SQL

  3. Currently has, or is in the process of obtaining a PhD, in Economics or related discipline

  4. Must obtain work authorization in country of employment at the time of hire, and maintain ongoing work authorization during employment

Industry: Internet

Equal Opportunity: Facebook is proud to be an Equal Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Facebook is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at accommodations-ext@fb.com.