Federal Reserve Bank of San Francisco
3.1 of 5 52 reviews
www.frbsf.org San Francisco, CA 1000 to 5000 Employees

52 Employee Reviews (View Most Recent)

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3 people found this helpful  

Good benifits make the bank a great place to end your career

Anonymous Employee (Current Employee)
San Francisco, CA

ProsWork life balance and the retirement benefits are hard to beat. Fully vested on day 1, 100% match on 6%+1% unmatched gets you 13% contributions to 401k. Fully vested pension in 5 years with a portable cash option and 4 weeks paid vacation + the option to buy up to another week. Add in the 12 bank holidays and the fact that you can have a flex schedule in some departments. 90% of health benefits paid, +80% for family and spouse. Commuter subsidies and an on site gym which was fully renovated.

ConsWork is not that interesting. Lots of politics and bureaucracy. Discourages innovation and creativity. Lots of fat. Aging workforce. Antiquated systems.

Advice to Senior ManagementRe-branding of the bank would be ideal. This would decrease the churn rate of employees under 30. Obviously the product offering is not Coca-Cola. Sexy products that people get excited about doesn't describe the business model. The possibility to attract and retain young talent is unrealistic. The focus of the bank should be to attract under achieving aging employees to keep turning on the lights day after day. Not trying to invent new light-bulbs.

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    5 people found this helpful  

    A great place to grow old

    Anonymous Employee (Current Employee)
    San Francisco, CA

    I have been working at Federal Reserve Bank of San Francisco


    Pros: The bank has amazing benefits. Perhaps the most generous 401k match around- 100% match up to 6%+1% mandatory contribution. Said another way if… Cons: Upward mobility is slow, and there is no year in bonus programs or stock options (obviously). Year end merit increases average around 2%, however… Advice to Senior Management: Better pay and incentives will continue to attract the best… More
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    If you want a secure job but you have very little ambition.

    Anonymous Employee (Current Employee)
    San Francisco, CA

    I have been working at Federal Reserve Bank of San Francisco


    Pros: Great benefits and friendly people to work with. Cons: Top heavy with management, not a lot of career growth opportunity as a… Advice to Senior Management: Institute job rotation programs and a more candid and honest… No, I would not recommend this company to a friend More
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