Federal Reserve Board

www.federalreserve.gov

Federal Reserve Board Reviews

Updated January 23, 2015
Updated January 23, 2015
71 Reviews
4.2
71 Reviews
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Janet L. Yellen
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Review Highlights

Pros
  • Great learning opportunities; decent work/life balance; excellent compensation and benefits package (in 14 reviews)

  • Opportunity to learn in depth information about monetary policy (in 4 reviews)


Cons
  • Complete disregard for the private sector (in 6 reviews)

  • There is an abundance of red tape (in 3 reviews)

More Highlights

42 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    The Federal Reserve Board is a great place to work with excellent benefits package

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC

    I have been working at Federal Reserve Board full-time (more than 5 years)

    Pros

    Salary is competitive with private sector
    Outstanding benefits package
    Outstanding retirement package
    They encourage annual staff training\conferences
    Flexible schedule, telecommuting
    Annual pay increases based on merit (i.e. you earned it)

    Cons

    Restrictions on gift acceptance such as training conference freebees
    Promotions (pay grade increase and management positions) seem to be based less on merit and ability but more on who you know, who you haven't pissed off and if you're not too old (promoted managers tend to skew on the younger spectrum < 35)
    No parking garage for non-management employees

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Attorney
    Current Employee - Attorney

    I have been working at Federal Reserve Board full-time (less than an year)

    Pros

    Awesome...matching 401k program up to 7%

    Cons

    No cons to add about the Fed.

    Advice to ManagementAdvice

    None

  3.  

    Great place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board full-time (more than 3 years)

    Pros

    Fascinating work that matters for the world

    Cons

    Bureaucracy that is outdated, and terrible IT

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  5.  

    Internship at its best

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board

    Pros

    Great HR team. They want you to grow. Very organized. You actually work as a regular employee

    Cons

    I don't have anything to say

  6. 1 person found this helpful  

    Good pre-doctoral experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board

    Pros

    Relaxed, good colleagues, exposure to exclusive datasets

    Cons

    Maybe too much freedom for some overachievers. Also, no good schools to use academic assistance package near the vincinity

  7.  

    FRB is an exciting place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board

    Pros

    It provides a unique perspective you can't get many other places.

    Benefits are great, people are a pleasure to work with, time off is a huge pro

    Cons

    Too much consensus building on business ops side (internal operations of Board). Too many people stuck in old ways "these is how we always do things" (this culture is changing with recent strategic management hires though)

    Advice to ManagementAdvice

    Bring some younger people in! Bring some life and energy into this place!

  8.  

    Politics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Administration
    Current Employee - Administration

    I have been working at Federal Reserve Board full-time (more than 10 years)

    Pros

    Great place for benefits and holidays. Teleworking is also available.

    Cons

    Too much politics. The hard workers keep working harder and the slackers never get any work because they need it completed and they know who will get the job completed and who will not!!

    Advice to ManagementAdvice

    Point out the slackers and make them work or let them go!!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    Not for a full career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technology Analyst in Washington, DC
    Current Employee - Technology Analyst in Washington, DC

    I have been working at Federal Reserve Board full-time (more than 5 years)

    Pros

    The benefits are excellent at the Fed.

    Cons

    There is an abundance of red tape.

    Advice to ManagementAdvice

    stop signing autographs, swallow your pride and know you're not always right.

  10.  

    Great place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC

    I have been working at Federal Reserve Board full-time (more than an year)

    Pros

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

    Cons

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

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Your Results May vary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Research Assistant in Washington, DC
    Current Employee - Research Assistant in Washington, DC

    I have been working at Federal Reserve Board full-time (more than an year)

    Pros

    Working 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.

    Cons

    Pay 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 ManagementAdvice

    There 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.

    Recommends
    Positive Outlook
    Approves of CEO

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