Federal Reserve Board Reviews

Updated April 30, 2015
30 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
Employment Status

Reset
4.0
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
Janet L. Yellen
6 Ratings

Pros
  • Work / life balance can be very good (in 14 reviews)

  • Benefits are incredible: Still offer a pension; 401(k) match that I can't find elsewhere; can retire by age 55 (in 3 reviews)

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

  • This is an academic environment, so don't expect to find good (or open) management (in 2 reviews)

More Pros and Cons

30 Employee Reviews

Sort: Popular Rating Date
  1. Pretty Good Agency with Good Benefits, Bad Management

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good benefits. Good location in DC. Prestigious agency. Overall, nice coworkers.

    Cons

    Working in the Management Division is a nightmare. It was a mess. There's no room for promotion.


  2. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

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


  3. Helpful (3)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    Interesting and important work with a good work/life balance

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

    I worked at Federal Reserve Board

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    increase cross-divisional interactions and exchange programs across the Board


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

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


  7. Helpful (1)

    Politics

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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

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


  8. Helpful (3)

    Good working environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good work/life balance Paid time off Education Assistance

    Cons

    Opportunities for Advancement Bureaucratic Management competence is lacking


  9. Helpful (1)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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


  10. Good place to work!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

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


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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



Showing 30 of 86 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.