Federal Reserve Bank (NY)

  www.newyorkfed.org
  www.newyorkfed.org

Federal Reserve Bank (NY) Reviews

94 Reviews
3.3
94 Reviews
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Federal Reserve Bank (NY) President & CEO William C. Dudley
William C. Dudley
39 Ratings
  1.  

    good employer doing important work

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

    I worked at Federal Reserve Bank (NY) full-time (more than 8 years)

    Pros

    Smart, professional colleagues doing good work that supports the broader financial system. Very good benefits and retirement/401K "Thrift" plan. Compensation is good. On-site cafeteria and gym. Tuition-reimbursement plan. Complex workplace with a long history. Lots of opportunity for personal growth through on-site courses and projects. Room to move within the Bank and System if you are proactive and focused on what is good for you alone.

    Cons

    You will spend a lot of time and effort on bureaucracy, paperwork, and corporate-speak goals-setting, followed up with corporate-speak achievement reports. Computer system/apps/processes are cumbersome and outdated compared to the private sector. Some managers are great while others have poor leadership skills--it's a matter of luck who you get. If you draw a bad card, do what you can to move to another area.

    Advice to ManagementAdvice

    Respond quickly when managers (at any level) show poor leadership skills. Managers are key. The higher up the ladder, the more it matters.

    Recommends

Federal Reserve Bank (NY) Interviews

Updated Dec 5, 2014
Updated Dec 5, 2014

Interview Experience

Interview Experience

51%
27%
20%

Getting an Interview

Getting an Interview

46%
8%
5%

Interview Difficulty

2.9
Average

Interview Difficulty

Hard

Average

Easy
  1. 1 person found this helpful  

    Bank Examiner Interview

    Anonymous Employee
    Anonymous Employee
    Application Details

    I applied through college or university – interviewed at Federal Reserve Bank (NY).

    Interview Details

    Mostly fit and behavior questions.."tell me about a time you failed". Quite a few queries about resume. Some questions were repeated several times. Interview lasted several hours. Interviewers were friendly and some handed out business cards.

    Interview Questions
    No Offer
    Difficult Interview

Federal Reserve Bank (NY) Awards & Accolades

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Top Intern Employers, CollegeGrad, 2009
Top Entry Level Employers, CollegeGrad, 2009
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Additional Info

Unlock Profile
Website www.newyorkfed.org
Headquarters New York, NY
Size 1000 to 5000 Employees
Founded 1913
Type Company - Private
Industry Finance
Revenue $100 to $500 million (USD) per year
Competitors Unknown

The Federal Reserve Bank of New York is the largest in the Federal Reserve System to oversee US bank activities. It issues currency, clears money transfers, and lends to banks in its district. In addition to the duties it shares with 11 other regional Federal Reserve Banks, the New York Fed trades US government securities to regulate the money supply, intervenes on foreign exchange markets, and stores monetary gold for foreign central banks and governments. The New York Fed's district is relatively small (made up of New York, Puerto Rico, the US Virgin Islands, northern... More

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