There are newer employer reviews for Federal Reserve Bank of Chicago

Loved My Career at the Fed!

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Manager in Chicago, IL
Former Employee - Manager in Chicago, IL

I worked at Federal Reserve Bank of Chicago full-time (more than 10 years)

Pros

Generous tuition reimbursement policy and organizational culture that values and rewards education and continuous learning. Very smart employees in general. Great career mobility. Culture values integrity and honesty which is rare in today's business climate.

Cons

You kind of hit a ceiling when its time for promotion to officer ranks because most officers stay until retirement. Very risk averse culture. Too little employee attrition in the "lifer" ranks.

Advice to ManagementAdvice

Don't make it so easy for employees to slide into a comfortable officer position and retire on the job.

Recommends
Neutral Outlook
Approves of CEO
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  1. 1 person found this helpful

    Come here to retire

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at Federal Reserve Bank of Chicago full-time (more than a year)

    Pros

    Best benefits out there for employees - 401K, Pension, Tuitiion Reimbursement, Flex Days, Holidays, etc, nice gym, nice facility, located downtown, chill work environment, over extended projects

    Cons

    Dry Personalities, Stagnant career, Political uphill battle, Seniority Complex

    Advice to ManagementAdvice

    Meet your deadlines and stop wasting time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful

    A great introduction into public finance, situated at the intersection of banking and public policy.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Business Analyst in Chicago, IL
    Former Intern - Business Analyst in Chicago, IL

    I worked at Federal Reserve Bank of Chicago as an intern (less than a year)

    Pros

    Passionate people, relevance as an institution, and meaningful projects to contribute to. Upper level management is surprisingly accessible and approachable.

    Cons

    One must understand Fed employees are paid less relative to a private bank; but many derive more utility from knowing their work contributes to the management of a (hopefully) healthy economy.

    Recommends
    Neutral Outlook
    Approves of CEO
There are newer employer reviews for Federal Reserve Bank of Chicago

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