Federal Reserve Board
4.2 of 5 50 reviews
www.federalreserve.gov Washington, DC 1000 to 5000 Employees

Federal Reserve Board Reviews

Updated Jun 3, 2014
All Employees Current Employees Only

4.2 50 reviews

                             

100% Approve of the CEO

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Janet L. Yellen

(8 ratings)

90% of employees recommend this company to a friend
32 Employee Reviews Back to all reviews
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    Great place to work.

    Anonymous Employee (Current Employee)
    Washington, DC

    ProsWork / life balance can be very good. Benefits are incredible.

    ConsAfter working here for a few years, exciting developmental opportunities are running out. However, the Board does offer money for you to take classes.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Not for a full career

    Technology Analyst (Current Employee)
    Washington, DC

    ProsThe benefits are excellent at the Fed.

    ConsThere is an abundance of red tape.

    Advice to Senior Managementstop signing autographs, swallow your pride and know you're not always right.

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    Your Results May vary

    Research Assistant (Current Employee)
    Washington, DC

    ProsWorking with incredibly smart people on interesting and important topics. The amount of training and professional development is immense in terms of acquiring new skills (say, statistical programming) and knowledge (about the part of the economy or markets your section covers). Relatively efficient for a bureaucracy.

    ConsPay is way below other options, even with in the federal reserve system. There is a severe lack of intermediate positions to be promoted into. Do your 2 or 3 years and move on unless you have a phd. Some of the technology used can be a bit out dated.

    Advice to Senior ManagementThere need to be more positions for intermediate for research assistants to be promoted into that is more akin to a Junior Economist rather than a Financial Analyst. It makes no sense to train students for 2 or 3 years and essentially give them the boot.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great experience -- one of best in government

    Anonymous Employee (Current Employee)

    ProsInteresting work at high level
    Decent work/life balance usually
    Collegial
    Great benefits

    ConsSlow promotion
    Lack of management transparency
    Sometimes long hours for needless reasons

    Advice to Senior ManagementBetter insight into career advancement/more training

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great place to work with a lot of smart and dedicated public policy professionals in economics, law, and finance.

    Supervisory Financial Analyst (Current Employee)
    Washington, DC

    ProsGreat learning opportunities; decent work/life balance; excellent compensation and benefits package

    ConsNot your traditional government agency (i.e., most people work hard at the Fed -- which is a good thing)

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good working environment

    Auditor (Current Employee)
    Washington, DC

    ProsGood work/life balance
    Paid time off
    Education Assistance

    ConsOpportunities for Advancement
    Bureaucratic
    Management competence is lacking

    Yes, I would recommend this company to a friend

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    Great company to work for, but not for everyone. Those looking for a social environment beware.

    Anonymous Employee (Current Employee)
    Washington, DC

    Pros-doing good work
    -intelligent people to work with
    -good, central location in DC
    -opportunities to move up or to get subsidized higher education

    Cons-very academic environment (could be a pro)
    -not very social, limited team bonding
    -age segregation
    -higher level staff can sometimes be unaccessible to lower level staff

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great to work in a place that has such an impact and relationship to the US economy

    IT Analyst (Current Employee)
    Washington, DC

    ProsPeople are highly educated, generally pleasant

    ConsLong term employees with minimal perspective on how to utilize technology efficiently. Lot of silos across divisions, not team players - dont share their information/relationships very well. Managers are not trained to mentor and some should not be be 'people managers' Limited growth - takes long time to advance, or you have to know the officer on a personal level to get promotion

    Advice to Senior ManagementGet a better leader for IT, has no strategic vision or relationship / doesnt care or know that there is no respect from staff.

    Yes, I would recommend this company to a friend

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    Terrific Place for an Economist

    Anonymous Employee (Current Employee)

    ProsSupportive of Research; Cooperative and Friendly Culture

    ConsA bit disorganized and bureaucratic

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great Organization;

    Anonymous Employee (Current Employee)

    ProsThe Fed has an important mission and has been a major force for economic stabilization over the past few years. It can be a great organization to do well by doing good, especially as a young person. Most employees are passionate and excited about the work they're doing. The pension, benefits, and work-life balance are excellent.

    ConsThe Board seems to prioritize giving management roles to those who are talented at their group's work rather than emphasizing leadership/management potential or skill. We have a lot of gifted practitioners who seem to flounder when forced to manage and set strategy. On the other hand, young people interested in moving into management don't have a clear path to do so.

    Those willing to do the most work may quickly find themselves overwhelmed and unable to get management buy-in to delegate/rebalance their work. Also, the superstar premium is modest. Unlike at some private sector employers, taking on more work and hitting it out of the park may result in a raise and bonus only moderately larger than that received by those who are barely skating along. Since the upside is limited but the added workload and resultant stress can be substantial, employees are loath to take on new responsibilities.

    Getting rid of bad employees seems to be excessively difficult. Certain problem employees and managers are worked around rather than removed or demoted.

    Advice to Senior ManagementEncouraging more churn would shake out a lot of the petty politics and fiefdoms, helping to break the siloed mindset. The rotational programs that are currently happening within the research divisions are a step in the right direction.

    The Board would be well served to build a pipeline of young management trainees and give them opportunities for project management roles and other development prior to becoming group or section managers. Talented young people interested in management frequently leave because they worry it will take years or even decades to have a chance at a management position.

    Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Federal Reserve Board reviews and ratings — including employee satisfaction and approval rating for Federal Reserve Board CEO Janet L. Yellen. All 32 reviews posted anonymously by Federal Reserve Board employees.