Want to land your dream job as a Coinbase product manager (PM)? Don't interview for Coinbase until you finish reading our guide to Coinbase PM interviewing. Coinbase's interview process is known to be highly competitive, given its integral position in the fin-tech ecosystem and recent growth with the rise of cryptocurrencies.
In this guide, we'll examine frequently asked questions about Coinbase's interview process, including common questions asked and tips to succeed in the interview.
Product management at Coinbase is incredibly rewarding, with its huge scale and mission to create an open financial system for the world.
To interview for a Coinbase product manager role, you'll go through three stages: a recruiter call, a phone screen with your hiring manager, and an on-site interview (currently virtual).
The first stage is a quick call with a Coinbase recruiter. These calls are less evaluative in nature and more motivational & level-setting. The recruiter will ask about your product management experience, as well as why you want to work at Coinbase.
No need to prepare much for this one! Review your resume to speak off it, and be sure to research a bit more about Coinbase.
In this one hour conversational interview, you'll speak with the hiring manager for the position you selected.
Some typical questions in this stage involve behavioral questions (E.g. "Tell me about a time when...") and potentially some domain-specific questions depending on the role you're applying to. Be sure to have answers to common questions prepared, like "Why product management?"
In this stage, you'll meet 4-5 team members for up to an hour each. You'll experience a variety of interview types, as discussed in the next section. Coinbase also gives out a presentation exercise based on a prompt that you'll be expected to prepare and present to a group of the Coinbase team.
Coinbase also emphasizes its values throughout the interview - research these and be sure to speak off of them throughout the interview day.
In the next section, we'll discuss specific attributes Coinbase is looking for in interviews and how to prepare for them.
Coinbase's on-site interviews typically break down into the following categories: execution, product design, product strategy, and behavioral.
This is a very analytical, metric- and KPI-focused interview. Coinbase is a deeply data-driven company with more than 2 billion users. Given the large amount of data Coinbase has available, they expect product managers to be able to look at data to make decisions.
In your execution interview, Coinbase will ask questions about how you identify and prioritize opportunities, and execute against them to build products. This interview will focus on how you analyze a set of constraints and problems to come up with the right set of metrics to measure success. Coinbase will also ask how you adapt your plans and troubleshoot problems with new information and changing circumstances.
Here is a list of execution interview questions recently asked.
The key to success in these interviews is starting at a high-level with the goals of the product, and then drilling deeper into actions and metrics. We recommend employing the GAME framework for key metrics questions, as demonstrated in this PM lesson.
For role-play execution-style questions, we recommend getting a mock interview partner in our Slack Channel and testing yourself. Generally, the biggest tips here are to structure your thinking aloud, and state all assumptions you make as you go through the problem. Check out a sample role play execution mock interview video to get a sense of how they work.
This interview focuses on your product knowledge, creativity, instincts, and awareness.
Questions could focus on a product that you feel is a great product, why it’s a great product, and what you’d do if you were a PM or the CEO of that company. Other questions that could come up in this interview are looking at an existing Coinbase Product and figuring out how you’d evolve it. Your interviewer will be able to give you guidance along the way, although they will expect you to lead the conversation. In this interview it’s very important to have a structure in your thought process and to be able to revert back to your original idea / goal.
Here is a list of product sense questions recently asked.
While we have a full guide to product design questions in our course, one tip for these questions is to always mention tradeoffs.
Product strategy is all about high-level thinking. Coinbase product managers are dealing with a large amount of growth and uncertainty - how can you use analytics and product sensibilities to devise a strategy for the product moving forward?
Here is a list of product questions recently asked at Coinbase.
To prepare for this question, it's critical to review Coinbase's current strategy. You can start by watching the Coinbase CEO's interviews and talks and Stratechery's article on Bitcoin.
Coinbase's behavioral interviews are used as a big factor in your bar-raiser (to determine your level when you enter the company).
Being relaxed, calm, and confident is the key to success in these interviews. However, there are definitely parts of this interview you can prepare for. For instance, create a story bank of experiences that you can use in the interviews, and practice some of these questions with a practice partner in our Slack Channel to get more confident and comfortable.
As you answer your interviewer’s questions, ask yourself if your responses include examples that show how you:
Our most important tip? Don't interview without deeply understanding Coinbase's values -
Try practicing with our question bank of behavioral PM interview questions.