Federal Reserve Board

  www.federalreserve.gov
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Federal Reserve Board Reviews

62 Reviews

3.9
62 Reviews
Rating Trends

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Janet L. Yellen
9 Ratings

Review Highlights

Pros
  • Great learning opportunities; decent work/life balance; excellent compensation and benefits package (in 12 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

3 Employee Reviews Back to all reviews

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  1. 5 people found this helpful  

    Good place to have been: Don't get comfortable and stick around forever

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

    Pros

    Exposure to SAS, SQL, MS Access; I learned all of that from scratch during my time
    Exposure to large data; perfect environment from where you can launch a career in analytics
    Good hours
    Decent colleagues

    Cons

    This is an academic environment, so don't expect to find good (or open) management
    No teaming; people here work in silos and everyone has a sense of being a boss
    The name of the game here is to get your tenure after your 2-year probationary period and then get comfortable; this may not be bad, but it breeds a certain mentality I was/am not comfortable yet
    Complete disregard for the private sector

    Advice to ManagementAdvice

    You don't know everything
    It may do you some good to experience some other environment before returning to the Board

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    Some good, some bad, depends on your personality

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

    Pros

    --benefits are incredible
    --pay is much higher than at other federal agencies
    --good tuition assistance
    --can try different kinds of things and move laterally
    --some nice people
    --if you are an economist in R&S, it's the bomb!

    Cons

    --very hierarchical, like a caste system (probably similar to other govt agencies)
    --federated structure means everyone is the boss! completely siloed.
    --slow, slow, no decision-making - make up your mind already!
    --no process, no infrastructure - do they make monetary policy on an abacus?
    --a lot of the Officers think they are The. Smartest. Person. Ever.
    --inverse relationship between rank and leadership ability - the higher the person, the worse the managerial skills

    Advice to ManagementAdvice

    Retire. Soon. Before the GAO gets in there to audit you for real.

    No opinion of CEO
  3. 1 person found this helpful  

    Good place to work out of undergrad

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

    Pros

    Pretty cushy job, very lax about hours as long as you get the work done, can learn a lot from economists

    Cons

    The kind of work you get really depends on the section that you work for. Some RAs get some real responsbilities and will learn a lot staying at the Fed for two years. Some, will learn absolutely no transferable skill and end up leaving a lot earlier than others.

    Advice to ManagementAdvice

    The section I worked for had terrible management. They took no responsibility in training the RAs and gave them no serious responsibilities, which is probably why my section has had such a terrible history of RA retention.

    Recommends
    Approves of CEO

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