Working at FDIC | Glassdoor

FDIC Overview

Washington, DC
5001 to 10000 employees
1933
Government
Finance
$100 to $500 million (USD) per year
Unknown

Working at FDIC

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 ... Read more

Mission: The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by: insuring deposits, examining and supervising financial institutions for safety and ... Read more

FDIC Reviews

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FDIC Acting Chairman Martin J. Gruenberg
Martin J. Gruenberg
111 Ratings
  • "Excellent pay, training, benefits; but tons of travel"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Institution Specialist in Syracuse, NY
    Current Employee - Financial Institution Specialist in Syracuse, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FDIC full-time (More than 3 years)

    Pros

    2 401k plans that each match up to 5%
    Federal pension upon retirement
    Plenty of time off and bank holidays
    Excellent training, most often in Arlington, VA
    Fantastic coworkers who are the best at what they do.
    Per diem, mileage, frequent traveler bonus, teleworking opportunities
    Flexible schedule can allow you to work extra hours during the week to get every other Friday ogf

    Cons

    Must pass a Technical Evaluation to earn Commissioned Bank Examiner status or be fired.
    Depending on the office, you may be traveling 60-95% of the time. I was closer to 95% and I essentially lived out of my suitcase and only saw my loved ones on weekends.

    Advice to Management

    Get rid of the Technical Evaluation, it often doesn't apply to the candidates and places additional pressure to study on non-work hours, further straining personal relationships.
    Get your people home more often. You have a work/life program, but people are still on the road for unacceptable time frames.

See All 342 Reviews

FDIC Photos

FDIC photo of: Outside the Federal Deposit Insurance Corporation's satellite headquarter office located in Arlington, Virginia (Photo by Coolcaesar - available under CC-BY-NC-SA 3.0 & GFDL, v1.17)
FDIC photo of: Chicago RO
FDIC photo of: NYC Office-12th floor
FDIC photo of: Federal Deposit Insurance Corporation, 3501 Fairfax Drive. (Photo thanks to Flickr user derAmialtebloede with permission, All rights reserved.)
FDIC photo of: FDIC Building (Photo thanks to Flickr user Rev. Xanatos Satanicos Bombasticos, available under by-nc-sa v2.0)
FDIC photo of: 500 17th Street Washington, DC (Photo thanks to Flickr user Troy Holden, available under by-nc-sa v2.0)
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FDIC Interviews

Experience

Experience
70%
22%
7%

Getting an Interview

Getting an Interview
74%
16%
4%
2
2
1

Difficulty

2.9
Average

Difficulty

Hard
Average
Easy
  1. Helpful (2)  

    Financial Institution Specialist Interview

    Anonymous Employee in Arlington, VA
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. I interviewed at FDIC (Arlington, VA) in June 2017.

    Interview

    I completed the application via USAjobs.gov and received a phone call inviting me to attend the applicant assessment event that was scheduled about 2 weeks out. The event was very well planned and executed. The activities followed the schedule that was emailed in advance of the event, so you will know what to expect. You could tell the FDIC wanted to impress the applicants and convey how special the agency is, in general and especially for a government agency. There will be a lot of FDIC staff present. I suggest that you chat with them when you get the chance to gain a great deal of insight into the agency and the position. There will be several staff there who went through the CEP program.
    Once the event officially begins, you don't get much down time, so you have to be "on" all the time. I found that to be the most difficult part. I'm not suggesting that you should be phony, but this is an interview event. Be yourself but be professional. You'll be assigned to a group once you check in and this will be your group for the duration of the event. You go from activity to activity together and even eat meals as a group. If you want to see DC, your only opportunity will be the day you arrive, before the event officially starts, and on the second day after the interviews have been completed. There is a reception and dinner the first night where you will have the chance to network with the people who will be on your business analysis and interview panels. Make use of that opportunity and seek them out!
    The actual assessments aren't very difficult at all and in truth, I don't think you can really prepare in advance for them. The information/knowledge you need is VERY basic. It's just managing the time constraints and doing your best with what you're given. Listen to what the staff tells you to help you prepare. You will have plenty of chances to ask them questions and they encourage it. They were constantly asking if we had questions about what was coming up. Their advice is spot on. They want everyone to be as successful as they can be. And no, they will not tell you anything specific regarding the actual assessments. And yes, we asked many times :)
    The interview questions weren't difficult. They just have multiple parts. Be sure to answer all the parts. Ask them to repeat the question and write the parts down. This is the same advice your recruiters will tell you. LISTEN TO YOUR RECRUITERS!!!! The questions are behavior based. Use STAR, CAR, or whatever other acronym your university's career center uses to formulate your answers.
    All in all it was a great event. The food was fantastic! All of the staff I met were very nice and willing to talk to us even if they were assigned to different groups or regions and seemed to enjoy talking to us. Be yourself. Show that you are someone who works well on a team, can communicate well, and are pleasant to be around.

    Interview Questions

    • As part of the process, you agree to not share specifics. The questions are standard behavior based interview questions. There were no difficult or unexpected questions asked.   Answer Question
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Company Updates

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FDIC Awards & Accolades

  • Best Places To Work in the Federal Government (Large), Partnership for Public Service, 2009

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