Federal Reserve Board Reviews

Updated February 20, 2015
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29 Reviews
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Janet L. Yellen
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29 Employee Reviews

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  1. Great place to work

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

    I worked at Federal Reserve Board full-time (more than 5 years)

    Pros

    - Great benefits, cafeteria, workout gym locate on premise.
    - Learning opportunities for those who seek.
    - Challenge work.

    Cons

    - No first consideration to rehire for former employees who were once high contributors to the Board.

    Advice to ManagementAdvice

    - Give priority to reinstate former employee who parted in good terms and wanting to return.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 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
  3. Interesting and important work with a good work/life balance

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

    I worked at Federal Reserve Board

    Pros

    interesting work, intelligent people, work/life balance

    Cons

    very limited view of the overall machine that is the US central bank; work is interesting but very narrow

    Advice to ManagementAdvice

    increase cross-divisional interactions and exchange programs across the Board

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 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 Intern - Web Development Intern in Washington, DC
    Former Intern - Web Development Intern in Washington, DC

    I worked at Federal Reserve Board as an intern (less than a 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
  6. 1 person found this helpful

    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
  7. 3 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
  8. 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 Intern - Anonymous Intern in Washington, DC
    Current Intern - Anonymous Intern in Washington, DC

    I have been working at Federal Reserve Board as an intern (less than a 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
  9. 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
  10. 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

  11. Experience at Federal Reserve was great!

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

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

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