- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I worked at FDIC as an intern (less than a year)Pros
I'd recommend an internship here to any business undergrad because you receive competitive pay, have a flexible work schedule (with mostly all 3 day weekends), work with people who are very willing to help you, and have the opportunity to come back and intern over future school breaks.Cons
I traveled frequently while working here. This could be a pro/con depending on your perspective. I was given a reasonable amount of responsibility for an intern, but I still found myself twiddling my thumbs more than I preferred.Advice to ManagementAdvice
For the internship program, management could do a better job of giving interns a consistent supervisor/mentor to report to. I enjoyed working with a new team of people every exam because it helped me get to know everyone at the office, but designating a specific mentor or supervisor for each intern would be beneficial.RecommendsNeutral OutlookNo opinion of CEO
Getting an Interview
Getting an Interview
- Application Details
I applied online. The process took 3 days – interviewed at FDIC in January 2015.Interview Details
The interview was conducted over a span of two days with an offer being extended after breakfast on the third day. This a testing interview and there are plenty of things they are looking for: initiative, teamwork, and how well you fit in the culture. They also look for you to justify any decisions made during the tests.
The process is nerve-racking. Out of 44 people, 13 were hired. I don't believe all field offices were able to pick someone; according to another applicant hiring managers are unable to pick anyone who scores below a certain threshold. If you fail too many of the tests and the interview, then you won't be hired. Some of the people offered the position felt they did poorly in one test but average/above average on the rest, so doing poorly in one area won't hurt you too badly.
And don't be afraid to make a social faux pas. I made one. Another guy made one. We were both hired. You're going up against accounting experience, advanced degrees, and veterans. It's a tough competition. You'll be tempted to act like a shark - don't. No one who received an offer acted that way. Be polite, make friends with your group, discuss the position with your recruiter and your interviewers, and more importantly make sure the FDIC is the right place for you.Interview Questions
Accepted OfferPositive ExperienceDifficult Interview
- They have themes for each question, of which there are four. I would go in knowing three or four characteristics about yourself you'd like to share with them and have one or two examples for each one. All of the questions here already are similar to the questions I answered. Answer Question
The FDIC is like money in the bank, only better. The Federal Insurance Corporation (FDIC) insures deposits and retirement accounts in member accounts for up to $250,000, protecting depositors in the event of bank failure. It also supervises financial institutions and manages failed banks. The FDIC is funded by member bank premiums for deposit insurance coverage and from earnings on investments in US Treasury securities. It insures more than $3 trillion of deposits, covering virtually every bank in the country. (It does not cover mutual funds, securities, or related...