Federal Reserve Bank (NY)

  www.newyorkfed.org
  www.newyorkfed.org
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Federal Reserve Bank (NY) Reviews

Updated September 8, 2014
Updated September 8, 2014
91 Reviews
3.4
91 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Federal Reserve Bank (NY) President & CEO William C. Dudley
William C. Dudley
37 Ratings

Review Highlights

Pros
  • Time-Off policies and overall work-life balance truly mimic the standard they've set for themselves (in 25 reviews)

  • Flexible work arrangements and very good work/life balance (in 7 reviews)


Cons
  • The latter is not as steep as it is in private sector jobs and the pay is less (in 7 reviews)

  • Low pay is a reflection of the value-added of the work that you do, which is very low, hence the low pay (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Federal Reserve Bank (NY)

    Current Employee - Operations Manager  in  New York, NY
    Current Employee - Operations Manager in New York, NY

    I have been working at Federal Reserve Bank (NY) full-time for more than a year

    Pros

    good compensation, great benefit and excellent leaderships

    Cons

    commuting to the city sometimes is difficult

  2.  

    Amazing place to work

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

    I worked at Federal Reserve Bank (NY)

    Pros

    Smart people. Meaningful work. Amazing work life balance

    Cons

    The salaries are slightly lower than industry.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Corporate

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

    I have been working at Federal Reserve Bank (NY) full-time for more than 3 years

    Pros

    Excellent value proposition; challenging & rewarding work, very smart people and contributing to the health of the economy

    Cons

    Some pockets of the bank are in a time warp

    Advice to ManagementAdvice

    Continue to build and implement leadership principles and dimensions

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great Place To Work

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

    I worked at Federal Reserve Bank (NY) full-time for less than a year

    Pros

    Challenging, intelligent people working here. Great perks too

    Cons

    work-life balance suffers through challenging times

    Advice to ManagementAdvice

    More recognition to lower-level associates

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Great place to work, poor management

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

    I worked at Federal Reserve Bank (NY) full-time for more than 10 years

    Pros

    The people are friendly and are willing to help out if you ask. Flexible schedule in some department. Opportunity to grow. Great benefits!

    Cons

    Management needs training. Won't listen to employees input. Don't ask for a raise, you won't get one.

    Advice to ManagementAdvice

    Get training in how to deal with employees. Pay attention to employee's concern when it comes to work.

    Recommends
    Approves of CEO
  7.  

    I really enjoyed working at the federal reserve bank

    Current Employee - Customer Service Representative  in  Dallas, TX
    Current Employee - Customer Service Representative in Dallas, TX

    I have been working at Federal Reserve Bank (NY) as a contractor for more than a year

    Pros

    My co-workers and supervisor were very professional

    Cons

    I wish they had some permanent positions

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Very satisfied

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

    I worked at Federal Reserve Bank (NY) as a contractor for less than a year

    Pros

    good people, good organization, good work, good project management and emphasis on quality assurance, good relationships with coworkers, peers and management - including senior management.

    Cons

    weekend work sometimes required - but that's true everywhere in the financial services industry in general and in information technology in specific

    Advice to ManagementAdvice

    offer more opportunities internally to existing employees and contractors

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Great place for development

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

    I have been working at Federal Reserve Bank (NY) full-time for more than a year

    Pros

    Encourage learning; tuition reimbursement; interesting work

    Cons

    bureaucratic; hierarchical; a capped promotion ladder without a graduate degree

    Advice to ManagementAdvice

    Let dynamic young employees gain more responsibility

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great place to work and do research

    Current Employee - Research Associate  in  New York, NY
    Current Employee - Research Associate in New York, NY

    I have been working at Federal Reserve Bank (NY) full-time for more than a year

    Pros

    RAs are given a lot of independence and trust. You will learn a ton and be well prepared for grad school after. You are given the opportunity to direct your work towards what you are interested in.

    Cons

    Work flow isn't always steady. That meas sometimes you're swamped and sometimes you're bored

  11.  

    Well run, with smart people

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

    I worked at Federal Reserve Bank (NY) as an intern for less than a year

    Pros

    - Very smart staff
    - Good HR staff
    - Great salary for an internship

    Cons

    - Some departments are faster moving than others, so if you're not in one of those, you may get bored

    Advice to ManagementAdvice

    Best run internship I've ever had!

    Recommends
    Approves of CEO

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