Federal Reserve Bank of Boston

www.bostonfed.org
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Federal Reserve Bank of Boston Reviews

Updated February 25, 2015
Updated February 25, 2015
32 Reviews
3.8
32 Reviews
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Federal Reserve Bank of Boston President and CEO Eric S. Rosengren
Eric S. Rosengren
22 Ratings

Employee Reviews

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  1.  

    Fantastic place to work

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

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

    Pros

    Very talented and smart people.

    Cons

    Sometimes things can be slow and not very dynamic.

    Advice to ManagementAdvice

    Make use of the talent and the enthusiasm of the staff.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Not bad, just not great

    • 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

    Pros

    Great work / life balance
    Compensation was good
    Lots of opportunity if your focus is research and/or accounting focused

    Cons

    Management suffers from "Ivy Tower" syndrome
    Staff progresses based on seniority, not necessarily skill set or competency
    Silo organization. Innovation was stifled.
    Risk less environment. Staff was not held accountable for actions
    Staff placed in positions in which they had little or no skill set/experience. A lot of "stretch" in hopes that one day they could do the job.
    Seems like a parking lot of resources. Folks were there because it was a job; not a career.

    Advice to ManagementAdvice

    Come down from the Ivy Tower on days other than Town Hall Meetings
    Hold Managers/Staff accountable for actions

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    Good Intentions, Old habits.

    • 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 of Boston full-time (less than a year)

    Pros

    Collegial environment. The people are great and more well-intentioned than one would believe. The work is interesting and upper leadership is pretty friendly.

    Cons

    Old organization. Middle management can be standoffish and upward opportunities are scarce. Too much institutional knowledge required to get simple things done.

    Advice to ManagementAdvice

    Take strides toward retaining talent. Alter your perspective occasionally. The company culture can be very insulated and afraid of the outside.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Fantastic Experience

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

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

    Pros

    Great work environment, good pay and good benefits.

    Cons

    None that I can think of.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    What sshould know but may not

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

    I have been working at Federal Reserve Bank of Boston full-time (less than a year)

    Pros

    If you are looking for a stable work environment with an employer that evolves with a measured approach building value for the organization and their employee’s the Federal Reserve Bank of Boston might be for you. Senior leadership recognizes in order to expect the best from employees at every level they are accountable for creating a positive work environment which has been built on the foundation of employee respect. When you combine your cash compensation with the full benefits package offered and the willingness of senior leaders to consider alternative work schedules and embrace where feasible, coupled with the commitment to a diverse work force there are very few firms that stack up.

    Cons

    Migrating in from a for profit company you need to be sure you do your homework on the culture and how it is evolving. The pace does take some getting use to, however the great environment makes up for this.

    Advice to ManagementAdvice

    Continue to encourage candid feedback from employees as part of decision making.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Professional & Friendly workplace

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

    I worked at Federal Reserve Bank of Boston

    Pros

    Co-workers and every departments are friendly.
    Professional working fast paced
    Well-paid
    Great environment and resting area.

    Cons

    None Working visa support for foreign workers.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    No Work Life Balance

    • 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

    Pros

    GREAT benefits and outside the management of the group I worked in, a great place to work with great people.

    Cons

    At least the group I worked in (Firewall team) claimed good work life balance at the interview stages but it was by far the worse job I had for work/life balance. The managers are poor leaders and clearly in it for themselves.

    Advice to ManagementAdvice

    It's clear by the very heavy turn over in the security/firewall group that there is a huge problem with the management of that group. Look to make changes at that level if you want to keep good employees.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Good Atmosphere

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

    I have been working at Federal Reserve Bank of Boston

    Pros

    Good Work/Life Balance, Able to work remotely once a week, Competitive compensation. Exceptional co workers, excellent benefits (Health, Dental, 401k, Pension, fitness center)

    Cons

    Trying to move into other positions within the company is very difficult, not a lot of assistance from management/HR.

    Advice to ManagementAdvice

    Consider having HR play a more active role in helping current employees, and have management get more involved too.

    Recommends
    Negative Outlook
    Approves of CEO
  10.  

    Good work/life balance, flex scheduling, room for growth... to a point.

    • 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 of Boston

    Pros

    Good work/life balance, flex scheduling, room for growth..

    Cons

    Limited promotions but well defined career paths.

    Advice to ManagementAdvice

    Overworked in some departments

    Recommends
    Positive Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    A great company to work for, but the culture is unique and not always in a good way.

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

    I worked at Federal Reserve Bank of Boston full-time (more than 10 years)

    Pros

    The benefits package is the best in the business. They have an excellent thrift plan, comparable health insurance to other companies in the industry and soft benefits like an in-house fitness center and wellness programs. They encourage a good work/life balance. The jobs are challenging and usually provide room for growth.

    Cons

    There is a confusing culture there. "How things are done" is a cross between "this is the way it has always been done" and sometime hidden agendas. Management team is tiered; who you report to in the chain can really effect the quality work experience and whether you will advance. Unprofessional behavior is tolerated for some reason.

    Advice to ManagementAdvice

    Evaluate supervisors based on the reports that advance.

    Recommends

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