There are newer employer reviews for Federal Reserve Board

 

Current Research Assistant

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

I have been working at Federal Reserve Board full-time (more than an year)

Pros

- Relaxed work environment: Easy to leave work at work
- Access to top Economists and lots of smart people (and some potential co-authors)
- Prestige: great career starter, especially for those thinking of an econ PhD
- If you are in your twenties: great network of similarly aged, similarly minded people.
- Benefits: health, vision, dental, bike parking, in-house gym, beautiful cafeteria
- You will occasionally find yourself eating lunch within shouting distance of "Big Ben" Bernanke

Cons

- Can get boring for the unambitious employee
- Very little upward mobility within the Fed itself (obvious glass-ceiling for the non-PhD holders)

Recommends
Neutral Outlook
Approves of CEO

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

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  1. 5 people found this helpful  

    Good place to have been: Don't get comfortable and stick around forever

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

    I have been working at Federal Reserve Board full-time (more than an year)

    Pros

    Exposure to SAS, SQL, MS Access; I learned all of that from scratch during my time
    Exposure to large data; perfect environment from where you can launch a career in analytics
    Good hours
    Decent colleagues

    Cons

    This is an academic environment, so don't expect to find good (or open) management
    No teaming; people here work in silos and everyone has a sense of being a boss
    The name of the game here is to get your tenure after your 2-year probationary period and then get comfortable; this may not be bad, but it breeds a certain mentality I was/am not comfortable yet
    Complete disregard for the private sector

    Advice to ManagementAdvice

    You don't know everything
    It may do you some good to experience some other environment before returning to the Board

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Summer Intern

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

    I worked at Federal Reserve Board as an intern (less than an year)

    Pros

    Fantastic program to get involved in. You get assigned to engaging projects from day 1 and the level of responsibility is usually high, though this will vary by department/economist. Some times there you will get the opportunity to co-author a paper, and generally the FRB outputs academic-level research. Integration into the Board's culture happens from the get-go, with plenty of opportunities to meet with senior economists and the Chairman himself.

    Cons

    The pay compared to other internships in consulting or banking is relatively low.

    Recommends
    Positive Outlook
    Approves of CEO
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