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Working for the Federal Reserve

There Federal Reserve is always on the lookout for talented economists, research assistants, attorneys, financial analysts, and information technology professionals. There are several stages within the Federal Reserve Bank hiring process to prepare for. Below you will find more information you should take into consideration prior to applying for a position with the Federal Reserve Banking System:

  • Application Process: To apply, you will need to visit the Federal Reserve careers website. Once you have selected one of the available Federal Reserve jobs meeting your qualifications, you will be prompted to create a new user account to complete the online application and upload your resume.
  • Initial Interviews: Prior to being invited to participate in in-person interviews and employment exams, you may need to participate in more than one screening interview. These interviews will either be held over the phone, via Skype, or video conference.
  • Entrance Exam: Regardless of the role you have applied for within the Federal Reserve, you will need to take and pass one or several pre-hire aptitude tests. Depending on the role or program you have applied for, you may need to participate in a case study exercise as well.
  • Final Interviews: If you have successfully passed the initial screening process and hiring exam, you should be invited to participate in one or more personal interviews. During your employment interviews with the Federal Reserve, you will be asked many behavioral and technical-style questions.

United States Federal Reserve's Psychometric Tests

Psychometric testing is a valuable psychological tool used by many companies and government agencies when selecting applicants for vacancies. The most common assessments used by the Federal Reserve Bank include those provided by Korn Ferry and Watson Glaser. These tests were designed to evaluate you on a variety of skills to ensure your suitability for whichever role you have applied for.

Korn Ferry Talent Q Test

The Talent Q assessments are split up into several question types/ categories. These questions will include those for numerical, verbal, abstract, and logical reasoning. Our Talent Q-style PrepPacks™ include dozens of full-length practice tests, study guides, and video tutorials to ensure your ability to successfully pass your pre-hire exam.

Watson Glaser Assessment

The Watson Glaser Critical Thinking Appraisal (WGCTA) is divided into five sections. These sections were designed to evaluate many specific abilities. The sections of the Watson Glaser Critical Thinking test include:

Inference: In this section, you will be tasked with drawing conclusions from observed or implied facts. You will be presented with a short passage that you should regard as true. Below the passage will be a statement that can be inferred from the text. You will need to determine whether the statement is true, probably true, there is insufficient data to determine, probably false, or false.
Recognizing Assumptions: In this section of the test, you will be asked to recognize whether or not an assumption is justifiable. You are asked to choose between the options of assumption made and assumption not made.
Deduction: Your ability to analyze information and make a decision on whether the given decision is rational. You will be presented with a statement of facts followed by a conclusion on what you have read. You will need to gauge whether the conclusion follows or the conclusion does not follow what is written in the statement.
Interpretation: In this portion of the test you will be presented with a passage containing information you should take as being true. This passage will be followed by a suggested conclusion statement. You will need to decide whether or not the conclusion statement is reasonable or not.
Evaluation of Arguments: In this section of the test you will be presented with an argument to evaluate its strength, from weak to strong.

 

Our exclusive Watson Glaser-style preparation materials include full-length practice tests, additional practice questions, comprehensive answer explanations and solving tips, study guides, and video tutorials.

Preparing for the Federal Reserve recruitment process will put you leaps and bounds ahead of the competition – start practicing now.

 

 

United States Federal Reserve's Interview Process

Prior to your interviews, you should review your resume, the job description, as well as information regarding the Federal Reserve. Below you will find several examples of questions that you may be asked during the Federal Reserve interview process:

  • What do you know about the Federal Reserve?
  • What do you feel will be the most challenging aspect of this role?
  • How do you usually handle workplace conflicts?

Behavioral-style questions should be answered according to the STAR interview method.

 

Associated Organizations
United States Federal Government Federal Open Market Committee (FOMC) Federal Advisory Council

 

United States Federal Reserve, Talent Q, Watson Glaser, Microsoft, and other trademarks are the property of their respective trademark holders. None of the trademark holders is affiliated with JobTestPrep or this website.

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