Federal Reserve Bank of Philadelphia

  www.phil.frb.org
  www.phil.frb.org
There are newer employer reviews for Federal Reserve Bank of Philadelphia

1 person found this helpful  

Not For an Ambitious person looking for a fast track or high paying job.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anon in Philadelphia, PA
Current Employee - Anon in Philadelphia, PA

I have been working at Federal Reserve Bank of Philadelphia

Pros

Job Security
Stability
Not much overtime needed
A good benefits

Cons

Slow Career development
Pay scale is lower compare to private firm

Advice to ManagementAdvice

Career advancement supposed to be rated by personal accomplishment instead of seniority.

Recommends
Approves of CEO

17 Other Employee Reviews for Federal Reserve Bank of Philadelphia (View Most Recent)

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  1.  

    work with federal reserve bank is so good. after retirement

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

    I have been working at Federal Reserve Bank of Philadelphia

    Pros

    benefits are so. good. .work is over load

    Cons

    some times management are not satisfied

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    Great place to learn/ Great benefits - Low pay/no career advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - CA Examiner
    Former Employee - CA Examiner

    I worked at Federal Reserve Bank of Philadelphia

    Pros

    -Great benefits, 401k and time off. 9/80 Schedule (every other Friday off)-Tuition Reimbursement-Excellent professional development- unlimited learning opportunities through firm classes.
    Decent technology-Exposure to hot button items facing financial institutions today.
    Ultimately- you are a public servant. This is reflected in your salary...

    Cons

    -Pay is low. Examiners pay scale is b/t 48-85k depending on your experience. Mgrs make just under 100k. Maybe slightly higher if they have a specialty.  Don't bank on making six figures unless you are an officer. That can take over a decade- unless you come in with tons of experience. If you come here- your best bet is to come as a specialist- for the best compensation. Honestly, this would be the best job if they could bump the pay about $20-30k.

    -Little to no career advancement. Don't bank on becoming a mgr or supervising examiner (equiv of mgr) until 8-10 yrs of serivce at best. To be fair, this is mostly due to the small size of the bank and the district it serves; however if you read other Fed bank's websites (NYC, Rich), they all note the same issue. If you are ambitious, fast paced/A-type personality and want to move up relatively quickly- this is not the place to do it. Not at all.

    -Travel. You live on the road mostly. Usually to crappy towns 2-3-4 hours outside of Phila. Good thing is that you can accumulate enough points on your hotel rewards to take advantage of the great time off. Hope your older like me and your kids are grown and out of the house.....

    Think about it this way: If you want money, recognition, and dynamic environment- Don't come here.If you want  great professional development, work life balance, good people, slow pace and to serve the public- this is it.

    Advice to ManagementAdvice

    Create more rotational opportunities for examiners.
    Pay more.
    Create better advancement opportunities.

    Doesn't Recommend
    No opinion of CEO
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