I applied online. The process took 3 weeks. I interviewed at Federal Reserve Board (Washington, DC) in Oct 2017
Interview
I applied online. They contacted me after a couple weeks to request an interview. No phone interview, which I thought was curious.
The interview itself was meeting with someone from HR to discuss the job, benefits, etc.. This was followed by 3 interviews, each with 2 economists from different sections. The questions were not different from a typical interview, though certainly more focused toward research and coursework. They're most interested in research experience, coding experience, and economic/math knowledge, with most of the focus on the first two.
Lunch was with 3 current RAs, who were able to answer questions and give an idea of the day-to-day of RAs.
Interview questions [1]
Question 1
Explain a research project you've done and its process.
I interviewed at Federal Reserve Board (Washington, DC)
Interview
Relaxed and informal. Was interviewed by a subset of group that was hiring for an opening - one took the lead. Asked me questions about my background, my interests, and timeline for hire.
Two interviews each had 2-3 different economists from different teams. Interview lasted 1-2 hours each, Questions ranged from behavioral to technical (mostly econometrics and data related). I had a couple of research projects I worked on in undergrad and they asked quite a bit about them and my future interests.
Interview questions [1]
Question 1
Handed me a print out of some Stata results and asked me to interpret some coefficients.
Very relaxed - be yourself and convey your enthusiasm for the role. You don't need to be certain on a PhD and you should not force yourself to say you are if you are not. Be open to analytical roles and all projects and that answer will reveal itself.
Interview questions [1]
Question 1
Tell me about a time when you made a mistake and how you resolved it.
Research Assistant applicants have rated the interview process at Federal Reserve Board with 2.3 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 91% positive. To compare, the company-average is 76% positive. This is according to Glassdoor user ratings.
Candidates applying for Research Assistant roles take an average of 37 days to get hired, when considering 35 user submitted interviews for this role. To compare, the hiring process at Federal Reserve Board overall takes an average of 42 days.
Common stages of the interview process at Federal Reserve Board as a Research Assistant according to 35 Glassdoor interviews include:
Group panel interview: 37%
One on one interview: 15%
Phone interview: 13%
Background check: 12%
Drug test: 7%
Skills test: 7%
Presentation: 7%
IQ intelligence test: 3%
Here are the most commonly searched roles for interview reports -