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

Overall, my experience is positive due to the people that I regularly work with.

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

I have been working at Federal Reserve Bank (NY)

Pros

- Co-workers are extremely knowledgeable and are willing to share their knowledge with others.
- If you are looking for retirement benefits, the Fed provides a pension as long as you are willing to put in at least 5 years.
- Work / life balance.

Cons

- Compensation is not what many would expect.
- Work travel can be burdensome depending on your role.
- Communications from management is not clear.

Advice to ManagementAdvice

- As with all large agencies of the Federal government, be prepared to deal with bureacracy and unclear marching orders.

reviews filtered by
  • Any Location
  • Any Job Title
  1. 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
  2. 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.

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

Work at Federal Reserve Bank (NY)? Share Your Experiences

Federal Reserve Bank (NY)

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.