Federal Reserve Bank (NY)

  www.newyorkfed.org
  www.newyorkfed.org
There are newer employer reviews for Federal Reserve Bank (NY)

 

Great place to work and to start a career in finance.

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

I have been working at Federal Reserve Bank (NY)

Pros

Prestige and brand name
Interesting and meaningful work
Nice colleagues
Flexible work arrangements
Project based and room for career growth
Excellent benefits that are very tough to beat

Cons

Government stigma, although quasi, which is difficult to explain to family and friends exactly what you do there.
Clashes between more experienced and younger employees. Older employees may be stubborn at times.
Political and red tape, especially when implementing more efficient ways of doing things.

Advice to ManagementAdvice

Seek younger employees that bring a new prospective and energy to the company. Increase bonuses / performance rewards to compete with private sector in order to retain top talent.

Recommends

94 Other Employee Reviews for Federal Reserve Bank (NY) (View Most Recent)

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  1.  

    My perspective of life at the FED

    • 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 pros of working at the Federal Reserve Bank of New York is the flexible friday, pension/retirement package, and information sharing among colleagues.

    Cons

    The downside is the overwhelming level of bureaucy. Promotion is also not necessary tide with merit, but politics. There are also some off the wall senior managers.

    Advice to ManagementAdvice

    Senior managers need to weed out the managers with little to no management skills.

  2.  

    Office politics instead of business

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior IT Support Analyst in New York, NY
    Current Employee - Senior IT Support Analyst in New York, NY

    I have been working at Federal Reserve Bank (NY)

    Pros

    Good work-life balance (reasonable business hours, etc.)
    Good benefits (good and cheap medical coverage, dental, etc.)
    Stability

    Cons

    Incompetent managers
    Incompetent employees
    No growth opportunity
    Senior managers consider themselves above the law (and above the bank policies)

    Advice to ManagementAdvice

    Respect the US laws

    Doesn't Recommend
There are newer employer reviews for Federal Reserve Bank (NY)

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