Federal Reserve Bank of Boston

  www.bostonfed.org
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Federal Reserve Bank of Boston Reviews

Updated August 20, 2014
Updated August 20, 2014
19 Reviews

3.8
19 Reviews
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Federal Reserve Bank of Boston President and CEO Eric S. Rosengren
Eric S. Rosengren
13 Ratings

Employee Reviews

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  1.  

    Work with Really Smart People

    • 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 of Boston full-time for more than 10 years

    Pros

    The company is very collaborative, the people are smart and interested in public service, and the opportunities are very diverse. Who would have thought that the central bank was on the cutting edge of technology? Benefits are great - especially with pension and 401K. Work-life balance is good, with lots of flex schedules and work at home opportunities.

    Cons

    Bonuses are smaller than in the private sector.

    Advice to ManagementAdvice

    Keep up the good work. Consider increasing bonuses.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great Place to Work!

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

    I have been working at Federal Reserve Bank of Boston full-time for more than a year

    Pros

    Great atmosphere, very close knit community, and wonderful benefits. Management really goes out of there way to show that they are and work very hard to give everyone a work/life balance. There are many opportunities to network outside of your groups and get out into the rest of the bank to see whats going on.

    Cons

    The only critique would be there is a more limited ability to grow for younger professionals.

    Advice to ManagementAdvice

    More opportunities for growth.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Heart of Financial district work area

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Card Analyst  in  Boston, MA
    Former Employee - Card Analyst in Boston, MA

    I worked at Federal Reserve Bank of Boston as a contractor for less than a year

    Pros

    Above average of work-life balance. High level of professional workers at any position. Collaborative and competitive environment. Friendly culture.

    Cons

    None. But not a place for international applicants due to non-working visa support.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    I was a summer intern.

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

    I worked at Federal Reserve Bank of Boston as an intern for less than a year

    Pros

    Great experiences and exposure to the group that i worked with and to the entire banking system. This was an excellent learning experience. Developed fantastic relationships with other interns. Excellent work environment and atmosphere.

    Cons

    For an intern experience, this was fantastic.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Meh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Boston, MA
    Former Employee - Analyst in Boston, MA

    I worked at Federal Reserve Bank of Boston full-time for more than 3 years

    Pros

    Benefits and company location in Boston.

    Cons

    Work life balance and management team behind the time.

    Advice to ManagementAdvice

    Take care of those that's been there. Don't think the pension benefits will help retain employees.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  7. 3 people found this helpful  

    Last one to leave, turn out the lights

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Computer Programmer  in  Boston, MA
    Current Employee - Computer Programmer in Boston, MA

    I have been working at Federal Reserve Bank of Boston full-time for more than a year

    Pros

    good location secret tunnel to South Station

    Cons

    All the Treasury Business is being moved to the Mid West ending 160 jobs. The bank building is a shell with the majority of the floors taken by tenants. The only people who will be left are regulators and examiners and their jobs could also be moved to other banks.

    Advice to ManagementAdvice

    Create some home grown jobs and never rely on outside agencies again!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    My experience was great.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Agency Implementation  in  Boston, MA
    Former Employee - Agency Implementation in Boston, MA

    I worked at Federal Reserve Bank of Boston full-time for more than a year

    Pros

    Salary, personal growth, leadership, Terrific, Needd.

    Cons

    Office culture, considering discussing problems.

    Advice to ManagementAdvice

    Please keep in mind that your employees would like to grow within company.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    I love working here, it's been one of the best moves I've ever made.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Position  in  Boston, MA
    Current Employee - IT Position in Boston, MA

    I have been working at Federal Reserve Bank of Boston full-time for more than 5 years

    Pros

    The bank has allowed me to grow, I get out what I put in. This of course has a lot to do with my management chain and the folks I work with.

    Cons

    Boston has snow, I'm not a massive fan of the cold, but that's not the Bank's fault.

    Advice to ManagementAdvice

    From where I am, keep doing what you're doing.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great mission, dysfunctional senior management

    • 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 of Boston full-time for more than 5 years

    Pros

    Work with nice, smart people to impact the economy

    Cons

    Lack of promotional opportunities, dysfunctional senior management

    Advice to ManagementAdvice

    Appreciate your hard working employees and stop rewarding mediocrity. Hold people accountable.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Intelligent people, frustratingly bureaucratic organization, disappointingly slow pace, excellent work-life balance

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

    I worked at Federal Reserve Bank of Boston as an intern for less than a year

    Pros

    Great work-life balance for professionals with family requirements. Good job security. Good benefits. Great on the resume.

    Cons

    Slow career progression. Most require masters or phDs. Very slow pace compared to private industry.

    Advice to ManagementAdvice

    Adapt. Learn. Move faster.

    Recommends
    Neutral Outlook
    Approves of CEO

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