What is the hiring process at the Federal Reserve?

If they find you an appealing candidate, a recruiter from the Federal Reserve reaches out to you for an initial phone screening.

You then have an interview with a hiring manager. This can be in-person or online and covers your professional experience, why you want to work for the Federal Reserve, and some situational questions.

If you pass this, you move on to several more interviews with senior management. Depending on the role you are seeking, you may have to give a presentation, or participate in a case interview at this stage.

You also face many technical economic questions during these interviews. The Federal Reserve prefers seasoned professionals that have extensive backgrounds in finance or economics.

Here are some sample questions to expect in your interviews for a job with the Federal Reserve:

• What is the Federal Reserve's role?

• How does the Federal Reserve control monetary policy?

• Describe any previous experience you have using economic analysis to forecast trends.

If a job offer is made to you, you are asked to submit a drug screening. The Federal Reserve then runs a background check on you as well.

The hiring process at the Federal Reserve takes anywhere from a few weeks to a number of months, depending on the role you seek with them.