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This Position Is No Longer Available

Job Title:  Financial Management Scholars Program - Pathways Internship Student Trainee
Agency:  Federal Deposit Insurance Corporation
Job Announcement Number:  2013-HQ-0900

This position is closed and no longer accepting online applications through USAJOBS.

The contents of the announcement can still be viewed.
$37,171.00 to $49,808.00 / Per Year
Friday, October 04, 2013 to Friday, December 13, 2013
Excepted Service - - Appointment NTE 10/18/2014. May be extended up to two years.
1 vacancy - Birmingham (Hoover), AL  View Map
1 vacancy - Phoenix, AZ  View Map
1 vacancy - Little Rock, AR  View Map
1 vacancy - Orange County, CA  View Map
1 vacancy - Los Angeles, CA  View Map
More Locations  (47)
All United States citizens who are enrolled at least half-time as students in an accredited 4-year college or university who will have completed their junior year in college when they enter the program, with a planned graduation date between December 2014 and December 2015; have a current overall GPA of at least 3.25; are majoring in certain specified fields (see Qualifications Required); and are in good academic standing as determined by their institutions.


The Federal Deposit Insurance Corporation (FDIC) is widely recognized as a premier financial regulatory agency and was recently recognized as the Number #1 Best Place to Work among mid-sized agencies in the Federal Government.  The FDIC's mission is to maintain stability and public confidence in the nation's financial system by insuring deposits, examining and supervising financial institutions, and managing receiverships.

The FDIC's Financial Management Scholars Program (FMSP) is a paid internship that may lead to a post-graduation employment offer in the FDIC's Corporate Employee Program (CEP), a 3-4 year training program leading to professional certification as a commissioned bank examiner or resolutions and receiverships specialist.  The FDIC seeks applicants with strong analytical and quantitative skills, knowledge of the basic principles of accounting and finance, the ability to communicate effectively both verbally and in writing, the ability to work both independently and in teams, and an interest in public service.  

Scholars will be placed, based on their availability, in one of two sessions scheduled to run from May 19, 2014 - August 8, 2014 or June 16, 2014 - September 5, 2014. Scholars will attend a one-week orientation session in Washington, DC, followed by a ten-week on-the-job training assignment working out of one of the FDIC's field offices, and will return to Washington, DC during the last week of the program to share their experiences and participate in a skills assessment process.  

Scholars will initially be given a temporary, time-limited appointment upon entering the FMSP.  Scholars who receive and accept employment offers at the end of the FMSP will have their temporary appointments extended at the discretion of the FDIC for up to two years from the start date of their internship to their entry into the CEP training program.  Scholars entering the CEP will be non-competitively converted to a term appointment as a Financial Institution Specialist (FIS) (contingent upon completing at least 640 hours of work experience acquired through the internship, prior to their graduation, completion of their degree requirements, and fullfillment of the qualification standards for the FIS position and other requirements as specified in the FDIC Internship Program Participant Agreement).  Upon successful completion of the CEP training program, FIS's may be non-competitively converted to a permanent appointment with the FDIC. 


  • U.S. Citizenship
  • Registration with the Selective Service.
  • Extensive overnight travel (varies by location).
  • Work at remote and/or multiple work sites.
  • Satisfactory completion of a background investigation.


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Most Scholars will work directly on teams of experienced FDIC employees to evaluate bank operations, business planning, risk management strategies, and consumer protection practices during a period in which banks are still recovering from the stress of the recent financial crisis.  These teams are responsible for assessing financial institutions to determine whether they are following safe and sound banking practices, maintaining effective internal controls and procedures, managing their institutions effectively, and complying with all applicable laws and regulations, including those relating to consumer protection, privacy, community reinvestment, and fair lending.  A small number of Scholars will participate in the closing and sale of failing financial institutions or the management of the ensuing receiverships and their assets.


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To be qualified, you must be enrolled at least half-time in a bachelor's degree program at an accredited college or university; and must have completed your junior year of college prior to entering the program, with a planned graduation date between December 2014 and December 2015.  

You must be majoring in accounting, banking, commercial or banking law, economics, business administration, marketing, or other fields related to the position.

Applicants must meet the OPM qualification standards. Applicants must be in good academic standing with at least a cumulative (overall) 3.25 GPA.


Your application package will be reviewed to determine if you meet the eligibility and qualification requirements outlined in this announcement.  The application package must include all required supporting documents (on-line assessment questionnaire, resume, cover letter, transcripts, and letter of recommendation). Applicants who meet the basic eligibility and qualification requirements and have submitted all required documents may be scheduled for a telephone interview.  The FDIC plans to make internship offers in January 2014.
If you rated yourself higher than what is supported by your resume, your overall qualifications assessment may be adversely affected.

Qualified applicants who are eligible for veterans’ preference will have selection priority.
To preview questions please click here.


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Scholars may be eligible for certain Federal employee benefits.

To find out more, click here


Extensive travel may be required as bank examinations are conducted on-site at banks, sometimes at great distance from the FDIC office. Scholars are reimbursed for travel expenses, but are responsible for their own transportation to bank examination sites.  Over the course of the internship, Scholars may be required to travel to several different off-site bank locations where public transportation may not be available.

Scholars will be responsible for providing their own housing, but will receive a one-time $2500 stipend (in addition to bi-weekly salary) at the beginning of the program.

Relocation expenses will not be paid. Scholars will be responsible for their own travel expense to the duty location where they are appointed.

If selected, Scholars may be required to serve a trial period.

All selectees must sign a Pathways Participant Agreement.

To be eligible for conversion to the competitive service, you must complete 640 hours of work experience (up to 320 hours may be waived based on successful performance in the position and a 3.5 overall GPA); meet the OPM qualification standards for the target position, which includes six (6) semester hours in accounting coursework; meet the requirements of the FDIC Pathways Agreement; and successfully complete various skills assessments. Service in the FMSP confers no right to further employment.

To read about your rights and responsibilities as an applicant for Federal employment, click here.

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.


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To begin, click the "Apply Online" button and follow the prompts to register and establish a USAJOBS account, complete the online assessment questionnaire, and submit all required documents. Please be sure to click "FINISH" to complete the application process. You must apply online. Applicants requesting an exception from the online process must contact the Human Resources Specialist or contact point listed in this announcement prior to 12:00 noon local time on the closing date. To return to your saved application, log in to your USAJOBS account and click on "Application Status." Click on the "Position Title," and then select "Apply Online" to continue. You have until 11:59 p.m. EST (Eastern Standard Time) on the closing date of this announcement to complete the application process. You will be able to select in the on-line assessment questionnaire up to five field office locations, in order of preference, at which you would like to be considered for employment.  

Veterans must include a copy of the DD214 to obtain employment preference.


Along with completing the Online Assessment Questionnaire, you must provide the following:

1. A cover letter (by the closing date of the announcement).  The letter should explain why you are interested in the FMS Program and how your background (i.e., education, experience/interests, volunteer activities, work, etc.) may fit with this position and with the mission/goals of the FDIC. 

2. A resume (by the closing date of this announcement).  Your resume must include your expected degree, graduation date and major field of study.  It should also show any work experience (including paid or unpaid internships), particularly those involving financial analysis duties; leadership, public speaking, and/or volunteer experiences; participation in college extra curricular activities (including athletics), study abroad, and community or public service organizations/initiatives; and awards or recognition relating to any of those activities. 

3. A copy of all college transcripts (by the closing date of this announcement).  Unofficial transcript(s) are acceptable.  The transcript(s) must show the courses you have completed, grades/credits earned, and your current overall GPA.  It must also include the courses in which you are currently enrolled at the time of application.  Education must be from an accredited educational institution. For a listing of accredited educational institutions, click here.

4. A letter of recommendation from a faculty member at your college or university, preferably one who has personal knowledge of your qualifications, addressing your abilities in one or more of the following areas: analytical ability; written and oral communication; teamwork and interpersonal skills; organization and time management; and/or leadership and personal initiative. The letter of recommendation must be submitted separately by the faculty member and must be received by the FDIC no later than Friday, December 20, 2013. The letter of recommendation must be sent via email directly from your faculty member to the FDIC at

5. A copy of Veteran's Preference documentation (by the closing date of this announcement): If you are claiming veterans' preference, click here. Veterans should submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing the type of discharge/character of service (e.g., Honorable, Under Honorable Conditions, etc.) along with any other required documents.

Incomplete application packages will not be considered.


Phone: 703-562-2207
Fax: 000-000-0000
TDD: 1-800-925-4618
Agency Information:
Federal Deposit Insurance Corporation
Human Resources Service Center
3501 Fairfax Drive
Arlington, VA
Fax: 000-000-0000


You may update your application at any time prior to the closing date of the announcement. You may also check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status.

If you meet all qualification requirements for this position and submit all required documentation within the specified timeframes, you may be contacted to schedule a telephone interview.  Employment offers will be made beginning in mid-January 2014. 

Thank you for your interest in working for the Federal Deposit Insurance Corporation.

Additional Duty Location Info

1 vacancy - Birmingham (Hoover), ALView Map
1 vacancy - Phoenix, AZView Map
1 vacancy - Little Rock, ARView Map
1 vacancy - Orange County, CAView Map
1 vacancy - Los Angeles, CAView Map
1 vacancy - Sacramento, CAView Map
1 vacancy - San Francisco, CAView Map
1 vacancy - Denver (Greenwood Village), COView Map
1 vacancy - Pensacola, FLView Map
1 vacancy - Ft. Lauderdale (Sunrise), FLView Map
1 vacancy - Tampa, FLView Map
1 vacancy - Albany, GAView Map
1 vacancy - Atlanta, GAView Map
1 vacancy - Indianapolis, INView Map
1 vacancy - Cedar Rapids, IAView Map
1 vacancy - Sioux City, IAView Map
1 vacancy - Hays, KSView Map
1 vacancy - Wichita, KSView Map
1 vacancy - Elizabethtown, KYView Map
1 vacancy - Lexington, KYView Map
1 vacancy - Baltimore (Columbia), MDView Map
1 vacancy - Boston, MAView Map
1 vacancy - Springfield, MAView Map
1 vacancy - Minneapolis, MNView Map
1 vacancy - Columbia, MOView Map
1 vacancy - Kansas City, MOView Map
1 vacancy - Springfield, MOView Map
1 vacancy - Billings, MTView Map
1 vacancy - Jamesburg (Middlesex County), NJView Map
1 vacancy - Albuquerque, NMView Map
1 vacancy - New York, NYView Map
1 vacancy - Syracuse, NYView Map
1 vacancy - Charlotte, NCView Map
1 vacancy - Raleigh, NCView Map
1 vacancy - Fargo, NDView Map
1 vacancy - Cincinnati, OHView Map
1 vacancy - Columbus, OHView Map
1 vacancy - Oklahoma City, OKView Map
1 vacancy - Portland, ORView Map
1 vacancy - Pittsburgh (Seven Fields), PAView Map
1 vacancy - Columbia, SCView Map
1 vacancy - Sioux Falls, SDView Map
1 vacancy - Knoxville, TNView Map
1 vacancy - Memphis, TNView Map
1 vacancy - Nashville, TNView Map
1 vacancy - Austin, TXView Map
1 vacancy - Dallas, TXView Map
1 vacancy - Houston, TXView Map
1 vacancy - Salt Lake City, UTView Map
1 vacancy - Seattle, WAView Map
1 vacancy - Milwaukee (Brookfield), WIView Map
1 vacancy - San Juan, PRView Map

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