Roughly ten days prior to the interview I was contacted by a recruiter from the FRB who presented me with a handful of time slots and let me know what team I would be interviewing with (which was switched two days prior to the interview). The interview itself was a 30 minute phone call with two members from the specified team (FMI Oversight).

The interview process I had with the Fed was fairly straightforward. Within three weeks of applying, I was contacted by HR to set up my first interview. This first interview (phone) was with the manager and an analyst. Consisting of mainly behavioral questions and inquiries into my motivations, this step lasted an hour. The second interview (in-person) was split into three one-hour long sessions. I first met with the manager who asked more pointed behavioral questions. This session seemed to gauge how well my working style and experience aligned with what the manager was looking for. Next, I met with two associate directors. This step involved answering more questions about my experience. Be prepared to explain in detail the what, why, and how of each of your accomplishments. Lastly, I met with the entire team. This was a great opportunity to ask questions about being an analyst at the Fed. Although it's more conversational and supplemental to the decision ultimately made by the manager/directors, the team is feeling out why you want to be at the Fed and if your qualifications are up to snuff. Questions were almost exclusively behavioral. While there are hardly any technical questions, you have to express interest in the team's work and demonstrate you know about their work. So, while the process likely varies by team, it's smart to prioritize preparing for behavioral questions over the nitty-gritty of the team's work.