There are newer employer reviews for Federal Reserve Bank (NY)
There are newer employer reviews for Federal Reserve Bank (NY)

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Helpful (2)

Objective review of working at the FRBNY (supervision group)

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

I have been working at Federal Reserve Bank (NY) full-time (More than 5 years)

Recommends
Neutral Outlook
No opinion of CEO
Recommends
Neutral Outlook
No opinion of CEO

Pros

Great work life balance (9-5, every other Friday off, bank holiday schedule), great benefits (pension, health benefits, retirement savings account match), generally low stress environment but depends on manager/group, as close to job security as you can get without being a pure government/union job, decent pay, good opportunity to learn a lot, looks good to have the Fed on your resume

Cons

You can likely earn a lot more money if you go to a private institution (bank or consulting firm), it can sometimes be quite bureaucratic, you can be stuck with a crappy manager (though this can apply at any job), some people are just flat out eccentric, and it bears repeating: you can earn a lot more money elsewhere

Advice to Management

the only way to improve morale is to pay more

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  1. Amazing place to work

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

    I worked at Federal Reserve Bank (NY)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Smart people. Meaningful work. Amazing work life balance

    Cons

    The salaries are slightly lower than industry.

  2. Helpful (2)

    Hidebound Bureacracy

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Flex Fridays - every other Friday is a day off. The work-life balance is generally good and the pension looks ok.

    Cons

    Almost everything else - Managers are terrible. Most employees are lifers that haven't worked anywhere else and know nothing about life outside the Fed. Incredibly hard to get promotions without being part of someone's inner circle. The level of bureacracy is overwhelming.

There are newer employer reviews for Federal Reserve Bank (NY)
There are newer employer reviews for Federal Reserve Bank (NY)

See Most Recent

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