92 Employee Reviews (View Most Recent)

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Federal Resrve is overall a good place to work for. Their work life balance is great! You get flex Fridays off

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • 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)

Pros

if you don't like to travel, this job may not be a good fit for you

Cons

very little advancement or promotional growith

Advice to ManagementAdvice

Find ways to promote your employees once they become commissioned

Recommends
No opinion of CEO

Other Reviews for Federal Reserve Bank (NY)

  1.  

    Not recommended

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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)

    Pros

    The work and analyses made are majorly applicable to other areas/sectors of the financial world so are transferable assets. Relatively easy work hours in some departments.

    Cons

    Overall too much political play, too much bureaucracy and unnecessary technical intricacies. No feedback given, no mentoring for career development whatsoever. There are a few departments that are exceptions to this rule. Also, 1) benefits cut company-wide once the economy tanked - as it was evident no one could leave the company. 2) Industry hires from private sector significantly hampered career advancement of those who joined in normal times - when the economy recovers the lack of investment to those who joined in normal times will tell (as the private sector hirees will move out).

    Advice to ManagementAdvice

    Establish some mentorship between junior and mid-management level employees. Make sure the staff gets adequate and timely feedback. Also don't sap the morale of the staff by cutting benefits in bad times. It will certainly not help establish company loyalty.

    Doesn't Recommend
    Approves of CEO
  2.  

    The Worst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Bank (NY)

    Pros

    The work life balance I can say is the best thing about working at the Fed. They do give you time off without issues.

    Cons

    The most incompatant group of managers i have ever worked for. And when things go bad, it wont get better.

    Advice to ManagementAdvice

    Listen to the people who actually do the work there. Dont be so rigid in taking advice from the employees.

    Doesn't Recommend
    No opinion of CEO
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