Federal Reserve Board Interview Questions & Reviews
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Updated Mar 17, 2012 – Interview questions and reviews posted anonymously by interview candidates.
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Difficulty Rating [?] Based on 9 ratings 
“Easy” Interview
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Interview Experience [?] Based on 9 ratings
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| 1–9 of 9 Federal Reserve Board Interviews | Sort by |
Research Assistant at Federal Reserve Board
Posted Mar 17, 2012
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1.0
Very Easy Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Mar 2012 in Washington, DC (took 4 days)
They have a new interview process now. You interview with a maximum of 6 sections, and each section's interview is 30 minutes total. You meet with an HR person who goes over the benefits and salary, then the interviews start back to back. I had 6 and you have a 1-hour lunch break in the middle with current RAs.
Each of the interviews were the same format - 30 minutes with 10 minutes the economists discussing their section's roles/duties, 10 minutes them asking about your research experience, and 10 minutes questions (usually with current RAs). I was not asked any overly technical nor behavioral, simply discussing my research projects and my experience with statistical software. I would brush up on current events though.
At the end, you rank the sections you liked, and wait for an offer. I received mine via phone a few days later.
Interview Questions
Negotiation Details
Salary is non-negotiable and constant throughout sections.
Other Details
I Applied Online and the interview consisted of a Group/Panel Interview and a 1:1 Interview.
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Helpful Interview?
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No
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Research Assistant at Federal Reserve Board
Posted Mar 13, 2012
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3.0
Average Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Apr 2010 in Washington, DC (took 2 weeks)
I was interviewed on the phone and offered a position in a few weeks time.
Interview Questions
Other Details
I Applied Online and the interview consisted of a Phone Interview.
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Helpful Interview?
Yes |
No
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Reserve Banking at Federal Reserve Board
Posted Dec 30, 2010
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3.0
Average Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Jan 2009 in Washington, DC (took a day)
After a phone screen, I met with a series of people in the hiring group. The questions were not technical, but they were trying to get a sense of what I was looking for. It seemed like a good place to work; I liked some of the interviewers very much - the interviews were lively.
Interview Questions
Other Details
I Applied Online and the interview consisted of a Group/Panel Interview and a Phone Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Intern at Federal Reserve Board
Posted Jun 11, 2010 — 0 of 1 people found this helpful
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2.0
Easy Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed May 2010 (took a day)
interview on phone. got job
Negotiation Details
i accepted offer at first minute
Other Details
I Applied Online and the interview consisted of a Phone Interview.
Helpful Interview?
Yes |
No
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Inappropriate?
Research Assistant at Federal Reserve Board
Posted May 10, 2010
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3.0
Average Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Feb 2008 in Washington, DC (took 1 week)
interviewed with 12 sections; 30 minutes with each section. I also had 1 phone interview with a section. The first 20 minutes of interview are with economists from the section, last 10 minutes with current RAs. Pretty standard questions about research interests, past research projects, why the FED, etc. I think each section is trying to judge how you would fit in with them; i.e. with current economists and current RAs. You don't necessarily have to have previous research experience, I didn't, but you should be able to articulate why you want to work at the FED, what interests you in the field of economics, and what your future goals are. I would also suggest keeping up with current events through the Economist or WSJ as you might be asked how you feel about Greece's recent Debt problems, etc.
Interview Questions
Negotiation Details
NA
Other Details
I Applied Online and the interview consisted of a Phone Interview and a 1:1 Interview.
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Helpful Interview?
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Research Assistant at Federal Reserve Board
Posted Apr 30, 2010
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1.0
Very Easy Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Mar 2010 in Washington, DC (took a day)
I applied for the position online and recieved an email about a month later to come to DC for a day of interviewing with each section interested in me. The interviews were 30 minutes long and at least half of the time was the interviewer telling me about their section. A research assistant or two came to about half of the interviews, and typically at the end I was left with them to ask questions.
Interview Questions
Other Details
The interview consisted of a 1:1 Interview.
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Computer Programmer at Federal Reserve Board
Posted Apr 8, 2010
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4.0
Difficult Interview
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Overall Neutral Experience
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Interviewed and No Offer
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Interviewed Mar 2010 (took a day)
I got an interview with FRB though my university.
First thing they did is advertised the company by explaining me the benefits they offer. Generally, I do not like hearing about the benefits before my interview.
Then I was interviewed by 2 people at the same time. They asked me about the position I want, but then they said that the position I've applied for is not serious for me because of such a high GPA at my school (they require mim 3.5), or maybe they had another reason. They decided to interview for another position, which I wouldn't choose since I haven't taken any deep courses on the areas.
They ask many standard so-called personal questions (stress handling, your personality, your best skills, etc). While they were asking me standard questions in the 1st half of the interview, I still hoped that they realized I want another position. I didn't answer any on the question for the position; although, if you want to, then go to their web-site and learn everything they have mentioned.
They also ask you 'must know' questions for CS major.
They have contacted me about another interview for the desired position, and I will give myself another try because the company is really something you should shoot for.
In sum, people from FRB
- are very knowledgeable and they ask you good questions, so be prepared;
- have misleading understanding of high GPA; high GPA (in my case) doesn't mean I know everything in CS area right now, but it does mean I work hard and know how to learn new things;
- are friendly and responsive.
Interview Questions
Other Details
I got the interview through a College or University.
Helpful Interview?
Yes |
No
Inappropriate?
Research Assistant at Federal Reserve Board
Posted Nov 2, 2009
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1.0
Very Easy Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Mar 2008 (took a day)
The interview process was conducted in one day, I interviewed with 4 different sections. Each section asked background questions and then explained the details of their sections. I was then asked to rank the sections. Offers were extended about a week later.
Interview Questions
Other Details
I got the interview through a College or University.
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Helpful Interview?
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No
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Data Analyst at Federal Reserve Board
Posted Sep 19, 2009 — 1 of 1 people found this helpful
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2.0
Easy Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Apr 2008 in Washington, DC (took a day)
was interviewed by two people at the same time. Reason I did not get the job is because of my weak
SQL experience. If not for that, would have gotten it. They ask questions that can be answered directly from
their website. I am an engineering major.
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a 1:1 Interview.
Helpful Interview?
Yes |
No
Inappropriate?
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