Two interviews, first was over the phone and asked about previous experiences and tried to gauge fit. The second one was on-site and asked more technical questions. This was followed by a tour/spend the day with the other analysts
Interview questions [1]
Question 1
Describe any previous experience you have using economic analysis to forecast trends
I applied online. The process took 2 weeks. I interviewed at Federal Reserve Board in Dec 2021
Interview
Interview was very awkward. Both interviewers did not introduce themselves or ask me to introduce myself. They immediately launched into textbook-style questions. They were both kind, but very awkward. Very strange experience.
Interview questions [1]
Question 1
What is the Fed’s role? How does the Fed control monetary policy?
I applied online. The process took 2 weeks. I interviewed at Federal Reserve Board
Interview
I applied online, and was called by a recruiter for an initial phone screening. From there we set up a time for a pair of interviewers to call me. They asked some basic questions about what the Federal Reserve does, as well as some basic behavioral and technical questions. At the end they answered a few questions from me about the work environment, but didn't seem very knowledgeable on the specifics of the position. The initial recruiter called back following this second interview and extended an invitation to come to DC for the next round of interviews. I accepted, they took down some of my information and provided me with a date, and said they would follow-up with my flight tickets. Despite my calls and emails, I never heard anything again, leaving me without a follow-up interview or the PTO days I took to fly out there.
If this is indicative of how they treat their employees, I would say I dodged a bullet.
Interview questions [1]
Question 1
How does the Federal Reserve control affect monetary policy
Analyst applicants have rated the interview process at Federal Reserve Board with 2.8 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 50% positive. To compare, the company-average is 76% positive. This is according to Glassdoor user ratings.
Candidates applying for Analyst roles take an average of 58 days to get hired, when considering 6 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 Analyst according to 6 Glassdoor interviews include:
Background check: 25%
Group panel interview: 25%
Phone interview: 25%
One on one interview: 25%
Here are the most commonly searched roles for interview reports -