FDIC
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www.fdic.gov Washington, DC 5000+ Employees

FDIC Financial Institution Specialist Interview Questions & Reviews

Updated Jul 10, 2014
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Average Interview

Financial Institution Specialist Interview

Financial Institution Specialist

I applied through college or university and the process took 3 days - interviewed at FDIC.

Interview Details – Phone interview to get into the Financial Management Scholar summer internship while in college. Two interviewers on the phone, with very structured, typical behavioral questions (ie talk about a team you were in a conflict, how you resolved it, etc).

At the end of the internship, there is a 2-day focused interview process: easy math test, SAT-style essay writing, basic grammar test, brief individual case prep (30mins?) with presentation before two judges (3-10mins?), and a group case prep with presentation before a panel of 5-6 judges that watch how you interact with your team members to prepare the presentation before delivering the presentation before them.

Those who did not go through the summer internship program may have additional interviews in addition to these presentations and assessments. These interviews include 1:1 interviews or even a panel interview with more than one judge.

Be as candid as you can be, but take the interview/presentations seriously People do get cut for underperforming.

Interview Question – No surprises - this is the government. If you've done any other job interviews before you should know what to expect.   Answer Question

Negotiation Details – No negotiation. You pick out your top 5 locations, and you will get hired to one of them based on the company's need. Pay is based on location of the office. You will get full relocation benefits.

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Negative Experience

Very Difficult Interview

Financial Institution Specialist Interview

Financial Institution Specialist
Arlington, VA

I applied online and the process took 3 days - interviewed at FDIC in June 2014.

Interview Details – The process was a complete mindgame, and sadly is not a true emulation of the required skills to work for the corporation. The worst part of the entire process is, even if you are the top candidate for your particular application area, you will still not be chosen over the veteran that applies alongside you. Below is a full breakdown of the 3 day hiring event.

Day 1
Writing Assessment
Begins with a proofreading exercise that is a letter from a college admissions office offering acceptance to an applicant. There are roughly 15 errors, and be sure to understand what syntax means, as you must correct for that. Next you have 3 possible prompts to choose from, and you must develop a persuasive paper. The 3 possible prompts were as follows: buying a new vs. used car, living with a roommate vs. living alone, taking an online class vs. in class session. They say that most people who are not hired fail on this portion of the assessment, however they will not tell you your score.

Day 2
Financial Analysis & Presentation
You will first be presented with some financial statements to fill out and complete (you do not need any accounting knowledge in order to complete this, simply addition, subtraction, mult. and division). Once you complete this they will take the sheet away and you will begin developing an analysis on which of 2 offers to accept for a drycleaning company. One offer is from a larger corporation, the other is from a community corporation. The idea is that you prepare an analysis and present it to a panel who is supposed to be the Board of Directors for the company

Group Analysis
The group analysis is on the same argument, however you must collectively come up with an argument and present to a panel who are again supposed to be board members of a company. Be prepared to receive a large amount of data with only 20 minutes to prepare your argument. Also be prepared to be watched as if you are a lab subject during the preparation phase.

Structured Interview
Standard federal government interview. 4 questions. panel. no response.

Overall the idea is that they have 12 benchmarks they seek from you during these assessments. Be prepared to wait long periods of time during each assessment as well as lots of other unnecessary sessions in between the assessments.

Interview Question – Group Assessment   View Answer

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1 person found this helpful

No Offer

Positive Experience

Average Interview

Financial Institution Specialist Interview

Financial Institution Specialist
Tampa, FL

I applied online and the process took 2 months - interviewed at FDIC in January 2014.

Interview Details – The interview process consist of spending 3 days in Washington D.C. The first day is set up an introduction and you have to take a reading and writing test. The second day you have 2 presentations and some math problems. They also go over all aspects of the company. The morning of the 3rd day you either get a job offer or you don't.

Interview Question – One of the interview questions was describe a conflict that you faced and how you handled and what was the end result.   Answer Question

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2 people found this helpful

Accepted Offer

Positive Experience

Average Interview

Financial Institution Specialist Interview

Financial Institution Specialist
Chicago, IL

I applied online and the process took 2 months - interviewed at FDIC.

Interview Details – Applied online. After application and closing of announcement a month went by when I received a call for telephonic interview. After participating in the interview, another 2 weeks went by when I received tentative offer. Prepare yourself for the background check this can take anywhere from 2 to 6 weeks. I was only asked 4 questions in the interview they were: how to interact in a group setting, how to deal with difficult people, problem solving and work maintenence and multi tasking.

Interview Question – In addition to answering the questions must explain why, and how you decided on the actions you took.   Answer Question

Negotiation Details – No negotiations. You will get what they offer. But you will not be disappointed. Interns make between 30 and 40k.

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Accepted Offer

Positive Experience

Average Interview

Financial Institution Specialist Interview

Financial Institution Specialist
New York, NY

I applied through college or university and the process took 2 days - interviewed at FDIC in March 2011.

Interview Details – They asked me mostly fit questions on the phone. There was a super day during which there was a writing assessment, and a few case presentations as well. The FDIC is really looking for someone who can fit into the culture of the FDIC which is quite particular. You really need to be a team player and emphasize your ability for discretion.

Interview Question – It really wasn't that difficult   Answer Question

Negotiation Details – Well its the government so negotiation is tough but not impossible if they really like you.

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4 people found this helpful

Accepted Offer

Positive Experience

Easy Interview

Financial Institution Specialist Interview

Financial Institution Specialist
Washington, DC

I applied online and the process took 4+ weeks - interviewed at FDIC in May 2013.

Interview Details – Applied online, received a call within 2 weeks of the interview date. I was flown out to DC on a Wednesday. That day you are seperated into groups and you take a proof reading test and writing test. The proof reading assignment focuses on spelling, punctuation and grammar. The writing test is a basic essay (Introduction, body and conclusion/ending). Be sure to follow directions and answer specific questions that they ask you to in the essay! That night, you go to a dinner and listen to a few speakers and then they take you on a tour of DC. The second day is busy but it goes by fast. You start off with a few workshops that tell you more about the company and its benefits. Then you have a business analysis, basic accounting test and an oral presentation. The business analysis is viewing 2 companies and what they have been doing. Know all of your basic accounting formulas. During the oral presentation (on the business analysis), be sure to answer the questions that they ask you to and make sure you take at LEAST 5 minutes. After the presentation, you are broken into groups of 4/5 and taken into a room where people will analyze how you work in a team. Extra information about the businesses from the analysis will be given to you and you have to decide what is best and present it orally as a team. Again, answer ALL the questions and follow directions. Next, you go to a few more information sessions. Last is the structured interview where they ask everyone the SAME four questions and they can not explain them. They will repeat as many times as you would like to. Write down everything and answer all parts of the question. There is NEVER one part to answer. On the third day, they will make you suffer by sitting around waiting for 2 hours but you will either get a job offer or go back to the airport.
Lodging and food is comfortable and great.

Interview Question – Name a change that you have faced (work or school). What steps did you take and what was the outcome?

Name 2/3 strengths that you have when working with a team. Name a time when you faced a problem. What was the problem? What steps did you take to solve the problem and what was the ending result?

Name a time when you had to analyze data? What did you analyze? How did you analyze it? What was the outcome?
  View Answers (4)

Negotiation Details – No negotiations. Salary is based on location, locality rates and previous careers, if any.

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Accepted Offer

Positive Experience

Difficult Interview

Financial Institution Specialist Interview

Financial Institution Specialist
San Francisco, CA

I applied through college or university and the process took 4 weeks - interviewed at FDIC in May 2013.

Interview Details – Got a call a week prior to the interview inviting me out to Washington D.C. It was a 3 day event in which around 50 applicants were invited.
Day 1 included informational booths, a written assessment, a meet and greet reception, and a dinner with FDIC executives.
Day 2 included more informational booths, a business analysis(math and accounting), a presentation of your analysis, and a teamwork analysis.
Day 3 had a closing speaker and afterwards they handed out offers. There is also a security clearance investigation which I am currently undergoing(yes I got an offer).

Interview Question – Tell us about a time when you had to unexpectedly change a procedure or be flexible with a project? Use work, school, or other projects to find an example. Be very detailed.   View Answers (2)

Negotiation Details – They are willing to match "like" offers, but the job description needs to be very similar to the job you are accepting.

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Accepted Offer

Positive Experience

Average Interview

Financial Institution Specialist Interview

Financial Institution Specialist
Washington, DC

I applied online and the process took 2 months - interviewed at FDIC in June 2009.

Interview Details – I was flown to DC for an event called "super friday". we flew in on thursday, interviewed on friday, and were advised if we got the job on Saturday morning before our flight back home. The interview was fine, and I felt the questions were fair.

Interview Question – They don't give you a lot of guidance on how to answer the questions, and they don't repeat the questions, after you've begun your answer. Take a pen and paper in and write down the entire question, especially if its a multiple part question so you can answer the whole thing without leaving anything out   View Answers (2)

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1 person found this helpful

No Offer

Positive Experience

Difficult Interview

Financial Institution Specialist Interview

Financial Institution Specialist
Washington, DC

I applied online and the process took 3 days - interviewed at FDIC in April 2013.

Interview Details – Applied on USAJobs, received a call to fly out about a month later. Went to DC and had two days of various assessments followed by a third day in which offers were handed out. The first day was a basic writing assessment (easy prompt in which you are asked to compare and contrast two things) and dinner across from the white house. The second day involved a basic behavioral interview with 3 people, as well as a business presentation. The presentation included an hour long preparation phase in which you do some basic math (know basic accounting formulas) and compare and contrast two offers. In the second portion, you are asked to present your findings to a panel of three FDIC employees who will not ask you questions. Finally, you will be asked to participate in a teamwork assessment in which a group of candidates discuss different business proposals and present on their pros and cons. The following morning, candidates who received offers have their names called and candidates who don't are sent home. In between these events there are a handful of useless info sessions.

Interview Question – What is your core work foundation?   View Answers (3)

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1 person found this helpful

No Offer

Positive Experience

Difficult Interview

Financial Institution Specialist Interview

Financial Institution Specialist

I applied online and the process took 3 days - interviewed at FDIC.

Interview Details – Offered opportunity to fly out to DC for three day interview process. Writing analysis and proofreading assessments on day one, as well as a oral presentation. 2nd day a team-building event and the structured interview. Behavioral based questions -

Interview Question – What steps did you take to resolve a complex problem?   View Answers (2)

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