FDIC Honors Program

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FDIC Honors Program

Postby Anonymous User » Wed Oct 19, 2011 12:42 am

Has anyone heard back yet or know how many people they are interviewing?

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Re: FDIC Honors Program

Postby Anonymous User » Mon Oct 31, 2011 8:27 pm

Yes. Heard they interviewed 20-25 from nearly 1k applications, and they have made offers to 3. Not sure if further offers are forthcoming (website indicates that they may choose as many as six, I think), or if this is it.

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Re: FDIC Honors Program

Postby Anonymous User » Mon Oct 31, 2011 8:46 pm

Anonymous User wrote:Yes. Heard they interviewed 20-25 from nearly 1k applications, and they have made offers to 3. Not sure if further offers are forthcoming (website indicates that they may choose as many as six, I think), or if this is it.

I was told no offers would be made until they were done interviewing by the beginning of November. It is only 3 this year though.

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Re: FDIC Honors Program

Postby Anonymous User » Mon Oct 31, 2011 10:44 pm

"

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 2:14 am

Do you know for a fact that they already extended the offers because I was told that they wouldn't be offered until November sometime

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 1:02 pm

I also heard November. The last interview was on Oct 28. Vetting to be done and offers made in November. Id be surprised if it all concluded so soon.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 1:11 pm

Anonymous User wrote:Do you know for a fact that they already extended the offers because I was told that they wouldn't be offered until November sometime


I do know first-hand that some offers have gone out, but I do not know whether they've given out all the offers they intend to give. The published literature on the program (http://www.fdic.gov/about/legalhonors/FAQ.html) confirms that offers could/would start rolling out in late October, but it also indicates that they could continue making offers through January 2012. So, I wouldn't give up hope quite yet?

I wouldn't get too prickly over the whole November thing, either. Today is the 1st, after all. Let's not disparage the federal government for moving more quickly than expected--it's a rarity.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 1:21 pm

Some classmates I've talked to are reporting that they interviewed with a different panel than I did. Maybe the different panels are choosing candidates at different times?

Who was on your panel?

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 1:45 pm

Just to be clear, this is for the Legal Division Honors Program for full-time employment after law school in Washington. I interviewed with two individuals in the headquarters office.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 1:53 pm

When I interviewed, I was also told that interviews were finishing on the 28th and that no decisions would be made either way (about anyone) until after that. They said offers would go out in November. I took that to mean sometime this week.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 1:58 pm

Anonymous User wrote:When I interviewed, I was also told that interviews were finishing on the 28th and that no decisions would be made either way (about anyone) until after that. They said offers would go out in November. I took that to mean sometime this week.

I was the 27th and they said no offers would be made until everyone was interviewed. Since I was offered slots on the 27th and 28th, I took that to mean at least November 1st, but in theory October 31st was after the days given for interviews.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 1:59 pm

Anonymous User wrote:Just to be clear, this is for the Legal Division Honors Program for full-time employment after law school in Washington. I interviewed with two individuals in the headquarters office.


I don't think anyone is confused. I, too, interviewed with a panel in Washington (though mine was a three-person panel), and I, too, have heard (from my CSO) that tentative offers have gone out. CSO also said that tentative offers for gov't work are occasionally turned down by folks going with biglaw in their respective markets.

So, further offers may still be coming. Wouldn't hold my breath, though. This program, moreso than many gov't honors appointments, is notoriously competitive.

Did you clerk for the Fed/FDIC/SEC in one of your summers?

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 2:02 pm

Anonymous User wrote:
Anonymous User wrote:Just to be clear, this is for the Legal Division Honors Program for full-time employment after law school in Washington. I interviewed with two individuals in the headquarters office.


I don't think anyone is confused. I, too, interviewed with a panel in Washington (though mine was a three-person panel), and I, too, have heard (from my CSO) that tentative offers have gone out. CSO also said that tentative offers for gov't work are occasionally turned down by folks going with biglaw in their respective markets.

So, further offers may still be coming. Wouldn't hold my breath, though. This program, moreso than many gov't honors appointments, is notoriously competitive.

Did you clerk for the Fed/FDIC/SEC in one of your summers?

I thought someone might be describing the 2L summer intern program or some other arrangement. I did with term internships with two of the listed agencies. I agree it is highly competitive and that with only 3 offers to hand out, the odds they are holding back are slim. Also, I doubt someone with a biglaw offer who would pick biglaw over FDIC would have even bothered to interview.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 2:14 pm

Anonymous User wrote:I thought someone might be describing the 2L summer intern program or some other arrangement. I did with term internships with two of the listed agencies. I agree it is highly competitive and that with only 3 offers to hand out, the odds they are holding back are slim. Also, I doubt someone with a biglaw offer who would pick biglaw over FDIC would have even bothered to interview.


Touche.

I had not heard they were limited to three offers, but that doesn't surprise me. Any read on previous selections? I know they don't have any geographic preference, but are they known to select T25/T50 kids?

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 2:17 pm

They specifically said they are limited to three.

And they do frequently hire T25 and T50, not just from top schools.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 2:20 pm

Anonymous User wrote:
Anonymous User wrote:I thought someone might be describing the 2L summer intern program or some other arrangement. I did with term internships with two of the listed agencies. I agree it is highly competitive and that with only 3 offers to hand out, the odds they are holding back are slim. Also, I doubt someone with a biglaw offer who would pick biglaw over FDIC would have even bothered to interview.


Touche.

I had not heard they were limited to three offers, but that doesn't surprise me. Any read on previous selections? I know they don't have any geographic preference, but are they known to select T25/T50 kids?

I know two people they selected. One had no finance background, had never interned at a financial agency and was at a DC-area school. The other was a PhD in Philosophy, had taught, but also had no strong financial background. Both claimed though that the rest of their classes were made of former financial agency interns and finance/accounting-types.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 2:30 pm

Anonymous User wrote:I know two people they selected. One had no finance background, had never interned at a financial agency and was at a DC-area school. The other was a PhD in Philosophy, had taught, but also had no strong financial background. Both claimed though that the rest of their classes were made of former financial agency interns and finance/accounting-types.


Two people from previous classes, I take it? Is anyone able to offer stats on the candidates they've apparently made offers to this time around? If not, sats on last year's class?

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 2:34 pm

Anonymous User wrote:
Anonymous User wrote:I know two people they selected. One had no finance background, had never interned at a financial agency and was at a DC-area school. The other was a PhD in Philosophy, had taught, but also had no strong financial background. Both claimed though that the rest of their classes were made of former financial agency interns and finance/accounting-types.


Two people from previous classes, I take it? Is anyone able to offer stats on the candidates they've apparently made offers to this time around? If not, sats on last year's class?

Yes, previous classes. Don't know their stats off-hand.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 4:39 pm

Do they mail the tentative offers or call and then send a follow up letter?

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 4:54 pm

I think the website says they call.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 5:02 pm

I just cant see them being able to review all of the interviewees info yesterday and then making a decision that same day and calling today.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 5:05 pm

Anonymous User wrote:I just cant see them being able to review all of the interviewees info yesterday and then making a decision that same day and calling today.

The first post indicating they made offers was last night IIRC. In theory they did the interviews Thursday and Friday, reviewed them Friday afternoon/Monday morning, called with the offers Monday afternoon. Shockingly fast for the government, but possible.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 5:08 pm

Maybe if the job was to start in the next two weeks, but it is hard to believe for a position that doesnt start until next fall.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 5:11 pm

Anonymous User wrote:I just cant see them being able to review all of the interviewees info yesterday and then making a decision that same day and calling today.


If they were done interviewing on Thursday or Friday, then there was nothing stopping them from picking the three yesterday and getting on the phone, particularly if those people sealed the deal in person or had unusually strong credentials. But I agree, it is faster than I expected, especially given the relatively impersonal "take notes on a list of questions" style of the interview as opposed to the more conversational, impressionistic biglaw interview style.

But consider me majorly bummed if it's a wrap.

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Re: FDIC Honors Program

Postby Anonymous User » Tue Nov 01, 2011 5:16 pm

dido




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