There are newer employer reviews for Federal Reserve Bank of San Francisco

Love it here!

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

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

Pros

Jobs are challenging and you get the opportunity to impact the nation! People are really great and direct management is supportive. While this is a legacy organization, they are very innovative. There is a strong focus on work life balance and continuing education/professional development.

Cons

Sometimes it takes a bit of time to get things implemented. Given the focus of the Fed, there are many rules and regulations, which are needed!, just be prepared that this is the environment.

Recommends
Positive Outlook
Approves of CEO
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  1. 3 people found this helpful

    YING AND YANG

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Examiner
    Current Employee - Examiner

    I have been working at Federal Reserve Bank of San Francisco full-time

    Pros

    Good 401(k) and defined benefit plan. New gym. Reasonable cafeteria. Generally nice co-workers -- when you see them. Generally informal. Flex days! Good place to get a career started. Excellent program for obtaining advanced degree - if travel is not required. Fairly stable place regardless of the economy, which in this day and age is saying something. Despite the cons (below), it is an OK place.

    Cons

    Salaries are below average when compared to other governmental agencies such as the OCC, SEC and FHB. Often, as a "fully effective employee," one gets zero increase in salary at the end of the year. Base salaries don't keep up with inflation. No COLAs. Seldom home with limited flexibility over travel schedule. Excessive travel with stingy per diem. Travel days are often 14 hours long. Assignments are back-to back for months without time home except on weekends. No work/life balance. Work on weekends. Management is not very enlightened and some are punitive. Senior management prefers "technicians" rather than staff with strong "people skills." No 180 evaluations of managers. Difficult to get promoted once you get to a mid-level grade. Massive amounts of needless paperwork. Can't carry vacation over into the next year, like some government agencies. No sabbaticals, like Schwab.

    Advice to ManagementAdvice

    There are so many little things that management could do to make life better; instead the defend the status quo. For example have hours on a travel day limited to 8 or 9, like other government agencies. Or consider working in the office to complete projects instead of doing everything on the road. Advise to management: don't emulate the worst traits of corporate culture.

    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful

    Great company for balanced lifestyle

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Research Associate II in San Francisco, CA
    Current Employee - Research Associate II in San Francisco, CA

    I have been working at Federal Reserve Bank of San Francisco full-time (more than 3 years)

    Pros

    Great coworkers. Very reasonable hours. The education benefits are incredible (15k+ a year). I am concurrently doing a master's in a technical field while working full-time. My bosses have always been respectful for these demands and encourage me to take time off when necessary.

    Cons

    Advancement opportunities are rare unless you are in BS&R or Statistics.

    Recommends
    Positive Outlook
    Approves of CEO
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