There are newer employer reviews for Federal Reserve Board
There are newer employer reviews for Federal Reserve Board

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Helpful (6)

Soul crushing . . .

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

I have been working at Federal Reserve Board full-time (More than 5 years)

Doesn't Recommend
Neutral Outlook
No opinion of CEO
Doesn't Recommend
Neutral Outlook
No opinion of CEO

Pros

The Federal Reserve Board is quasi-government, which, among other things, means that they don't automatically adopt policies set by Congress or the President. It also has good benefits and amenities (gym, parking by lottery, etc.).

Cons

Unless you like posturing (rather than working) to get ahead, lots of bureaucracy, meeting about meetings, and occupying yourself with busy work that's only loosely related to what should be done, this isn't the place to be. The Board is very divided. Duplication of efforts is commonplace where interpersonal issues can't or won't be overcome. The fractures within the organization can make it difficult if not impossible to transfer to other divisions or units. This is a very political environment.

Advice to Management

I don't even know where you'd begin.

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  1. Helpful (3)

    Some good, some bad, depends on your personality

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

    I have been working at Federal Reserve Board

    No opinion of CEO
    No opinion of CEO

    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 Management

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


  2. Helpful (1)

    Good overall experience.

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

    I worked at Federal Reserve Board

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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 Management

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


There are newer employer reviews for Federal Reserve Board
There are newer employer reviews for Federal Reserve Board

See Most Recent

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