I applied online. The process took 2 months. I interviewed at Federal Reserve Board in Apr 2017
Interview
Skype interview, three people. It wasn't very difficult, mostly they want to assess if you have a desire to learn about Economics and to pursue a career in academia. They expect you to have rudimentary coding skills and a passion for pursuing academic Economics.
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.
I interviewed at Federal Reserve Board (Washington, DC)
Interview
Extensive, this interview will ask about basic economic concepts and research experience. Prepare for analytical questions but mostly to demonstrate sound economic thinking. The best candidates are the ones with the ability to demonstrate some connection with the Fed's ample research spectrum
