Very Easy Interview
I applied online and interviewed at Federal Reserve Board.
Interview Details – I submitted my resume via the Board's website. Resume and recommendations are really important for landing an interview. I was asked to interview with 5 sections. Was asked standard questions about my resume (with a focus on research-related work and programming experience), monetary policy, and what I knew about the sections I was interviewing with.
I applied online and the process took 6 weeks - interviewed at Federal Reserve Board in November 2013.
Interview Details – Applied online in late September during the fall RA hiring season. Heard back in late October about coming to D.C. to interview. In the fall hiring season, they don't hire for sections, so instead you have two interviews, each with two economists at the board. They asked simple questions about things on my resume and coursework. I also had lunch with current RAs. I heard back 2 days after interviewing about an offer.
Interview Question – Tell us about your senior thesis. Answer Question
Negotiation Details – No salary negotiation.
Very Easy Interview
I applied online and the process took 4 days - interviewed at Federal Reserve Board in March 2012.
Interview Details – 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.
Negotiation Details – Salary is non-negotiable and constant throughout sections.
I applied online and the process took 2 weeks - interviewed at Federal Reserve Board in April 2010.
Interview Details – I was interviewed on the phone and offered a position in a few weeks time.
Interview Question – Tell us about yourself Answer Question
I applied online and the process took 1 week - interviewed at Federal Reserve Board in February 2008.
Interview Details – 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.
Negotiation Details – NA
Very Easy Interview
The process took a day - interviewed at Federal Reserve Board in March 2010.
Interview Details – 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 Question – Tell us about your experience with statistical data. Answer Question
Very Easy Interview
I applied through college or university and the process took a day - interviewed at Federal Reserve Board in March 2008.
Interview Details – 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 Question – Explain the GARCH model. Answer Question
I applied online and the process took 3 months - interviewed at Federal Reserve Board in September 2013.
Interview Details – I applied online. I sent all the documents required to the email address provided.
I heard back a month later with a date and time for the interview. Since I was abroad they were flexible about organizing a phone interview. It started with HR talking to me about the benefits, salary, etc. It seemed they had made up my mind before they interviewed me.
The interview was more like a conversation, and was very informal. I interviewed with two sections, and had to rank them after it was over. People were friendly, open and answered all my questions.
Interview Question – The questions were very conversational. I always struggle with answering the question about where i see myself in X number of years. So maybe that's something you should think through before interviewing. Answer Question
Negotiation Details – No negotiation. They offer all RAs the same salary.
Your feedback has been sent to the team and we'll look into it.
The difficulty rating is the average interview difficulty rating across all interview candidates.
The interview experience is the percentage of all interview candidates that said their interview experience was positive, neutral, or negative.
Your response will be removed from the review – this cannot be undone.
Simply post an anonymous review for a recent interview experience or current/former employer. Your post is anonymous – and if you're worried someone will be able to identify your review, you can even post without telling us your job title and location. Learn More.
No thanks –