Federal Reserve Board

  www.federalreserve.gov
  www.federalreserve.gov

Federal Reserve Board Reviews

Updated July 12, 2014
Updated July 12, 2014
69 Reviews
4.2
69 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Janet L. Yellen
11 Ratings

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

26 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    As a Web Development Intern, I enjoyed being in DC and Pay was Excellent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Web Development Intern in Washington, DC
    Former Employee - Web Development Intern in Washington, DC

    I worked at Federal Reserve Board as an intern (less than an year)

    Pros

    Good people, nice environment, awesome buildings and perks that come with being a Board employee. Benefits are also good for employees. Work can get boring but that's just work. When I received my paycheck, it all made sense. Most people who work there are friendly but there is also some politics involved. Duh! I got to meet and take a pic with Ben Bernanke and Janet Yellen. So that was a great experience.

    Cons

    I was given a tedious project from which I did not learn much. Seemed like wax on wax off type of job as an intern but I did my time and earned what I deserved. Actually they overpaid me... how dumb is that, being the Fed. I received an extra paycheck and they've been bugging me about it since.

    Advice to ManagementAdvice

    Please don't be so uptight. Not my manager, but some other interns I observed.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    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
  3. 2 people found this helpful  

    Good working environment

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

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

    Pros

    Good work/life balance
    Paid time off
    Education Assistance

    Cons

    Opportunities for Advancement
    Bureaucratic
    Management competence is lacking

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

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

    • 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 as an intern (less than an year)

    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

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Good place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service in Kansas City, MO
    Current Employee - Customer Service in Kansas City, MO

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

    Pros

    Great benefits - 401k, health insurance, pension, fitness facility & cafeteria. Pay is pretty competitive - maybe a little on the lower side starting off. Working from home is available to more employees when weather conditions are poor.

    Cons

    Many supervisors are very young so you are their learning field.

    Advice to ManagementAdvice

    Management has improved a lot through the years. Overall, they do a good job.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Experience at Federal Reserve was great!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quality Assurance in Richmond, VA
    Former Employee - Quality Assurance in Richmond, VA

    I worked at Federal Reserve Board as a contractor (more than an year)

    Pros

    The people, setting, and location.

    Cons

    Lack of Mobility, Old school attitude.

    Advice to ManagementAdvice

    Be open to the new generations point of view and ideas.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Great Place to work and move your career to the next level

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

    I worked at Federal Reserve Board full-time (more than 3 years)

    Pros

    Work/Life Balance, Strong Management, and Employee Development Program

    Cons

    Too many authorities, management reviews, and approval chains

  9.  

    Great place, friendly people, can be slow

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

    I worked at Federal Reserve Board full-time (more than an year)

    Pros

    -Very important public service mission
    -Genuine interest in my personal success from managers

    Cons

    -Bureaucratic, slow, but this is expected of public sector work

    Recommends
    Positive Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Wonderful learning experience

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

    I worked at Federal Reserve Board full-time (more than 3 years)

    Pros

    I was taught a lot of exciting task

    Cons

    Never trust your surroundings at FRB

    Advice to ManagementAdvice

    Treat people the way you would want to be treated

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    A generally good lifetime experience at the U.S. central bank

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

    I worked at Federal Reserve Board full-time (more than 10 years)

    Pros

    Interesting work at the most important central bank in the world; decent pay with periodic cash bonuses; own office; civilized hours; good learning opportunities for younger professionals.

    Cons

    Career path opaque and perplexing; job increasingly driven by process and process fulfilment imperatives; limited view of the organization; stifling class system of management; bureaucratic procedures.

    Advice to ManagementAdvice

    Be more communicative and honest with staff. Generate genuine staff development and promotional opportunities that are equitable. Abolish "caste" system of management. Allow staff greater say (without prejudice) in building true consensus and driving organizational as well as business change.

    Recommends
    Neutral Outlook
    No opinion of CEO

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