There are newer employer reviews for Federal Reserve Board

 

Great place for interns

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

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

Pros

REAL work, Great work life balance, not too stressful

Cons

None. The intern program is well thought out.

Advice to ManagementAdvice

The intern program is good. Especially

Recommends
Positive Outlook
Approves of CEO

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

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  1.  

    Can't beat the view

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

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

    Pros

    No Title 5 to worry about, so sequestration does not affect us. Benefits are through the roof (have never seen a retirement package and 401k/thrift plan as generous). Salaries are respectable, but lag other Federal Regulators (FDIC, OCC, CFPB) by 25%. Work-Life balance is excellent and family indeed comes first. Plenty of training and developmental opportunities available, just need to ask. Has been a fair amount of churn in leadership and division officers that "we've always done it this way" is on it's way out the door. The culture is collegial and the only employees referred to by title are the seven Governors; everyone else is first-name basis.

    Cons

    As mentioned, the salaries are lower than other regulators and promotions can be tough as there are few manager and officer spots available due to the flatness of the Board. The pace is excruciatingly slow for anyone coming from private sector and can be enough to drive someone to quit. Almost every decision requires a consensus vote and generating support can take months, if not years. This covers everything from volunteering for a team (you need permission from your boss) to passing out cash awards (consensus votes) to major changes in operational policies (requires so many approvals you ask yourself if it's worth the trouble).

    Advice to ManagementAdvice

    Let your managers and supervisors manage; get them away from day-to-day tasks that staff can do. You tell me I'm budgeted at X% of salary for cash awards, yet no one can tell me how I earn that. And why, oh why, do you sit on this until December? If I hit a homerun in April, what are you waiting for? Also, you are overstaffed. Too many people sitting around waiting for something to do.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great learning experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board

    Pros

    Talented colleagues with diverse skill sets, good pay, supportive managers/officers, decent work-life balance, and unlimited access to valuable resources (including tech), imminent move to farragut west offices

    Cons

    lack of over-time pay, mediocre cafeteria, turnover, under-staffing issues, lack of parking and transportation to and from the board

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Federal Reserve Board

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