Federal Reserve Board

  www.federalreserve.gov
  www.federalreserve.gov
There are newer employer reviews for Federal Reserve Board

3 people found this helpful  

Some good, some bad, depends on your personality

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee in Washington, DC
Current Employee - Anonymous Employee in Washington, DC

I have been working at Federal Reserve Board

Pros

--benefits are incredible
--pay is much higher than at other federal agencies
--good tuition assistance
--can try different kinds of things and move laterally
--some nice people
--if you are an economist in R&S, it's the bomb!

Cons

--very hierarchical, like a caste system (probably similar to other govt agencies)
--federated structure means everyone is the boss! completely siloed.
--slow, slow, no decision-making - make up your mind already!
--no process, no infrastructure - do they make monetary policy on an abacus?
--a lot of the Officers think they are The. Smartest. Person. Ever.
--inverse relationship between rank and leadership ability - the higher the person, the worse the managerial skills

Advice to ManagementAdvice

Retire. Soon. Before the GAO gets in there to audit you for real.

No opinion of CEO

69 Other Employee Reviews for Federal Reserve Board (View Most Recent)

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  1. 1 person found this helpful  

    Good overall experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Supervisory Financial Analyst in Washington, DC
    Former Employee - Senior Supervisory Financial Analyst in Washington, DC

    I worked at Federal Reserve Board

    Pros

    Good name recognition, great benefits, good salary, fair hours, good people, competent management, flexible work arrangements such as telecommuting and flex schedule.

    Cons

    Senior management struggles to provide a cohesive strategy or vision for work force. Senior management does not always communicate effectively with staff or junior management.

    Advice to ManagementAdvice

    Communicate a cohesive strategy or vision to the work force. Senior management Communicate more effectively with staff and junior management.

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    An excellent place to start ones career...but not necessarily to finish it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Economist in Washington, DC
    Current Employee - Senior Economist in Washington, DC

    I have been working at Federal Reserve Board

    Pros

    Smart dedicated colleagues, lots of data and research support

    Cons

    The Fed is very hidebound in the way it approaches policy and economic issues.

    Advice to ManagementAdvice

    No really, it's true: you don't know everything.

    Approves of CEO
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