Highly electrocatalytic activity and strong stability towards both oxygen evolution (OER) and oxygen reduction reaction (ORR) have been regarded as the critical factors in widespread application for the renewable energy technologies. It still remains a huge challenge for developing bifunctional catalysts with low cost, efficiently electrocatalytic activity and strong stability. In this paper, FeCo alloy nanoparticles embedded in nitrogen-doped carbon are synthesized through a simple thermal decomposition of Co-Fe Prussian Blue Analogue (Co-Fe PBA) in Ar atmosphere, during which the organic ligand of CN− in Co-Fe PBA provides both carbon and nitrogen sources for forming nitrogen-doped carbon and FeCo alloy nanoparticles were formed, and thus producing a core-shell structure (FeCo@NC). According to a set of electrochemical tests, the obtained FeCo@NC can function as a Janus to drive OER and ORR with desirable activities and stabilities in alkaline media. Specifically, the FeCo@NC presents an onset-potential of 1.45V, a potential of 1.49V at 10mAcm−2, a Tafel slope of 62mVdec−1 as OER catalyst, and an onset potential of 0.94V, a half-wave potential of 0.8V as ORR catalyst. The performance is comparable to those of precious metal based electrocatalysts, making it possible for potential application in the renewable energy devices, especially Zn-air battery.