Federal Reserve Bank of Boston

www.bostonfed.org
Engaged Employer
Add Review

Federal Reserve Bank of Boston Reviews

Updated March 31, 2015
33 reviews filtered by
  • Any Location
  • Any Job Title
3.7
33 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
Federal Reserve Bank of Boston President and CEO Eric S. Rosengren
Eric S. Rosengren
22 Ratings

Employee Reviews

Sort: Popular Rating Date
  1. Great work environment

    • 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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Opportunity to participate in monetary policy, gain professional experience and develop skills while working in positive environment

    Cons

    Few advancement opportunities as many positions filled by career professionals and internal hiring stymies outside access

    Advice to Management

    Keep on contributing to the strength of American currency by maintaining sound monetary policies and enforcing banking regulations

  2. 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)

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

    Pros

    Very talented and smart people.

    Cons

    Sometimes things can be slow and not very dynamic.

    Advice to Management

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

  3. 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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

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

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 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)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

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

  6. 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)

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

    Pros

    Great work environment, good pay and good benefits.

    Cons

    None that I can think of.

  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

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

    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.

  8. Helpful (1)

    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)

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

    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 Management

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

  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

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    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 Management

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

  10. Helpful (1)

    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

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    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 Management

    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.

  11. 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

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

    Pros

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

    Cons

    Limited promotions but well defined career paths.

    Advice to Management

    Overworked in some departments

Federal Reserve Bank of Boston Photos

Work at Federal Reserve Bank of Boston? Share Your Experiences

Federal Reserve Bank of Boston

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.