FDIC Reviews

Updated April 22, 2015
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Employee Reviews

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  1. FDIC is a GREAT place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Accountant in Arlington, VA
    Current Employee - Senior Accountant in Arlington, VA

    I have been working at FDIC full-time (More than 10 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Outstanding compensation, 2 401K programs that are both matched, a further pension (FERS) which is earned after retirement, pay scale at the top of the Federal Government. Excellent work-life balance, with good exercise facilities in house in Washington

    Cons

    Huge generational gap. Vast group of employees 50 and older, with a small percentage of employees 30 and under.

    Advice to Management

    Keep on hiring younger people.

  2. Right job for some, but only if you can handle being on the road

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Financial Management Scholar in Springfield, MA
    Former Intern - Financial Management Scholar in Springfield, MA

    I worked at FDIC as an intern (Less than a year)

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    -Work-life balance was great in terms of hours spent working at the banks. 40 hour work week, and got paid per diem for each day spent on the road (which could be well over $200 a week).
    -Overall compensation was more than satisfactory.

    Cons

    -It's a very political organization. Performance reviews are essentially useless. What's the point of them if employees can't be rated more than a 3 out of 5? Promotions (and pay raises) seem to be handed out to those who were buddies with management.
    -Examiners spend anywhere from 50% to 80% of their time traveling, and it can start to wear on you. This definitely affects work-life balance.

    Advice to Management

    Be honest with what the position entails when offering jobs. Don't misrepresent the organization.

  3. Comfortable job with little growth potential

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Resolutions and Receivership Specialist in Dallas, TX
    Former Employee - Resolutions and Receivership Specialist in Dallas, TX

    I worked at FDIC full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    This review is for Resolutions and Receiverships. Most comfortable/secure job you'll ever have, decent pay considering work hours, can be paid 1.5x overtime for more than 40 hour work weeks, benefits were best I've seen, travel cost reimbursement was simple and quick, per diem on travel may be kept (no use it or lose it), lots of other incentives for just showing up

    Cons

    no real merit system (was rated a 4 and 5 out of 5 and received the same bonuses/raises as people rated 3), can be very boring during strong economic cycles, people get away with and often publicly state they are doing little to no work, extremely political organization, counterintuitive work for people programmed to seek profits,

    Advice to Management

    Changing the employee evaluation system to more accurately reflect and reward the great efforts of employees rather than reward all employees regardless of contribution would make this a much better place to work. I was tired of hearing "you can do anything you want if you stay long enough" because the timeline was stretched over 30 years and did not equate to rapid development and growth, which is a huge selling point of working in private sector jobs.

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  5. Helpful (1)

    FDIC

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

    I have been working at FDIC

    Recommends
    Recommends

    Pros

    Great benefits! nice place to work

    Cons

    none, none, none, none, none

  6. Great lifestyle

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

    I have been working at FDIC full-time (More than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Nice people. Reasonable work/life balance. Interesting and fulfilling work.

    Cons

    Government bureaucracy at times. Inflexible monitoring of hours. Vacation and other perks based on time with government, not as a professional.

    Advice to Management

    Treat people as individuals and move management into this century. A bit more reward for performers and less slack given to people who should retire.

  7. Good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Technician
    Current Contractor - Technician

    I have been working at FDIC as a contractor (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Tons of solid on-the-job traiing.

    Cons

    More internal use of manpower

    Advice to Management

    Utilize current workforce talent better.

  8. Very challenging yet rewarding job.

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

    I have been working at FDIC

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Regulatory experience, government benefits, and a good chance to travel.

    Cons

    Extensive travel, steep learning curve.

    Advice to Management

    Proper employee compensation and recognition. Offer competitive salaries.

  9. not for the ambitious types

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

    I have been working at FDIC

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

    Pros

    laid-back, nice office space/building/cafeteria, fitness center, health benefits, 401K

    Cons

    individual hard work does not pay off here. promotions are based on budget space and favoritism. most people aren't paid based on performance. very traditional with changes in technology. are not willing to pay or hire young professionals to meet business needs.

    Advice to Management

    listen and talk to your staff. if you don't take care and acknowledge your hard-working employees, you're going to lose them to another company.

  10. Excellent Worlife Balance, Pay, and Autonomy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Institution Specialist
    Current Employee - Financial Institution Specialist

    I have been working at FDIC full-time (More than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    You are not expected work over 40 hours per week and the company culture is not cut throat like in the private sector. There is no busy season. You get automatic pay raises based on passing off benchmarks. You are given significant responsibility and autonomy over your work. Retirement is the best around with a ten percent match on 401K contributions in addition to a pension plan. You are not stuck working in a cubicle day after day. You get to travel and see new places and work with different FDIC employees. You are given a significant amount of training.

    Cons

    Sometimes travel for work can get in the way of life. Bureaucracy

  11. Great place to work

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

    I have been working at FDIC

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    nice people to work with and very very laid back to a fault

    Cons

    20% of the people do 80% of the work at the FDIC lots of deadweight

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