Federal Reserve Board

  www.federalreserve.gov
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Federal Reserve Board Reviews

Updated Jun 30, 2014
All Employees Current Employees Only

4.2 51 reviews

100% Approve of the CEO

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Janet L. Yellen

(9 ratings)

91% of employees recommend this company to a friend

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)

24 Employee Reviews Back to all reviews
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    Great place to learn!

    Intern (Former Employee) Washington, DC

    ProsThe people you come in contact with are generally quite well educated and established in the field.
    Almost everyone is genuinely dedicated to the work.
    Work/home balance is quite good, especially as an intern.
    The programs the Fed offers to interns to learn about different departments within the organization are stellar.

    ConsYou will run into a bit bureaucratic red tape but it is far worse in other 'true' Government Departments

    Advice to Senior ManagementLook to hire a younger workforce, you may be missing out on some business process innovation.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great place to work

    Senior Research Assistant (Former Employee) Washington, DC

    ProsGreat work/life balance, awesome benefits, great colleagues, little office drama/politics (in my section), great technical training, interesting research. This is an absolutely great place to work. 9-5 most of the time. Everyone is very bright and dedicated. Aside from "production" duties, you have autonomy to seek out research projects with different Economists. Management and Economists are very interested in your career development.

    ConsCharting work in S-plus for RAs can be a burden, as Economists often don't know what's entailed to complete their requests (during crunch times).

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great place to work.

    Anonymous Employee (Current Employee) Washington, DC

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

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

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
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    Research Assistant- Research & Statistics Division

    Research Assistant (Former Employee) Washington, DC

    ProsGreat experience, great career development, and great if you want to get into a good Econ PhD program.

    ConsThe work load varies, so sometimes you are super busy, others you are kind of looking for things to do.

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    Your Results May vary

    Research Assistant (Current Employee) Washington, DC

    ProsWorking 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.

    ConsPay 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 Senior ManagementThere 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.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great experience -- one of best in government

    Anonymous Employee (Current Employee)

    ProsInteresting work at high level
    Decent work/life balance usually
    Collegial
    Great benefits

    ConsSlow promotion
    Lack of management transparency
    Sometimes long hours for needless reasons

    Advice to Senior ManagementBetter insight into career advancement/more training

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Research Assistant

    Senior Research Assistant (Former Employee) Washington, DC

    ProsClosely working in an academic environment. You bosses are very smart an really take an interest in you. There is a built in social scene with many other 22 y/o starting their first job with you. Can really help you get into PhD programs.

    ConsThe pay is not as good as other options. Sometimes the work can be quite tedious. It is a little overwhelming at the beginning.

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    Great place to work with a lot of smart and dedicated public policy professionals in economics, law, and finance.

    Supervisory Financial Analyst (Current Employee) Washington, DC

    ProsGreat learning opportunities; decent work/life balance; excellent compensation and benefits package

    ConsNot your traditional government agency (i.e., most people work hard at the Fed -- which is a good thing)

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Approves of CEO

    1 person found this helpful  

    Great place to work

    Senior Research Assistant (Former Employee) Washington, DC

    ProsYou get what you put into it. Economists work really hard and will give you interesting projects once you've earned their trust. RAs aren't expected to work extremely long hours. Management is very flexible about vacation/telecommuting as long you're not asking for time off immediately before an FOMC meeting.

    Cons-- As expected from a place like the Fed, there was a lot of office politics between the divisions and some between sections.

    Yes, I would recommend this company to a friend

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    Great place for interns

    IT Intern (Former Employee) Washington, DC

    ProsREAL work, Great work life balance, not too stressful

    ConsNone. The intern program is well thought out.

    Advice to Senior ManagementThe intern program is good. Especially

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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