Federal Reserve Bank of Dallas Reviews

Current Employee – been working at Federal Reserve Bank of Dallas full-time for more than 10 years

Pros – Lots of opportunity to develop your career and great internal hiring process. Wonderful benefits!

Cons – It's a bit political and is a bit behind the curve in technology, but that is to be expected based on the nature of the environment.

Advice to Senior Management – Continue to develop and promote from within!

Yes, I would recommend this company to a friend

Former Employee – worked at Federal Reserve Bank of Dallas as a contractor for more than a year

Pros – The cafeteria was convenient and affordable

Cons – Lack of consistency of policies
Rampant favoritism and nepotism
Limited training
No communication of policy or procedural changes
Incompetent management who were barely trained themselves

Advice to Senior Management – Pay attention to the people doing the job - you might learn something
Invest in your employees and they might invest in you in return

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Current Employee – been working at Federal Reserve Bank of Dallas

Pros – Flexibility, great pay, training and professional development

Cons – Employees have lots of longevity, making it difficult to land a full time position

Advice to Senior Management – None

Yes, I would recommend this company to a friend

Current Employee – been working at Federal Reserve Bank of Dallas

Pros – Good pay, decent building and location. Sloooww pace.

Cons – Self-imposed bureaucracy that creates a restricted work environment. Slow pace, hard to get things done. Fellow employees that are less than motivated. If you want to retire and still get a paycheck, this is the place.

Advice to Senior Management – Learn the Software Development LifeCycle and understand that development shouldn't drive quality assurance and that the end user does. The Fed's approach is like having the fox in the hen house. Development controls quality assurance and that leads to rejected defects because development says it isn't. What about the end-user, the customer? Shouldn't they make that call? Get a real QA manager in there instead of the director. Don't let development push around QA. The Fed is too buddy-buddy.

No, I would not recommend this company to a friend

Current Employee – been working at Federal Reserve Bank of Dallas

Pros – Benefits such as Pension Helathcare

Cons – Politics and too much power struggle

Advice to Senior Management – Stop the power struggle!

Yes, I would recommend this company to a friend

Former Employee – worked at Federal Reserve Bank of Dallas

Pros – The benefits offered are outstanding. Most employees are very skilled and well trained. The workload was moderate and there was a good balance between work and family. I thought management was very respectful towards employees.

Cons – Because of the security and auditing required, some processes required a lot of red tape. It isn't necessarily a bad thing, but could slow things down at times. Some employees seemed to be just waiting for retirement to roll around and didnt contribute as much as they probably should, but you find that anywhere.

Advice to Senior Management – I think they are on the right track already.

Yes, I would recommend this company to a friend

Current Employee – been working at Federal Reserve Bank of Dallas

Pros – Excellent salary. 9 weeks vacation. Telecommute 2 days per week. Excellent benefits. Nice enviornment

Cons – Extremely tough on you for any infraction, including human error.

Advice to Senior Management – Understand that we're human and make mistakes.

Yes, I would recommend this company to a friend

Former Employee – worked at Federal Reserve Bank of Dallas

Pros – -Good work-life balance
-Good place to learn about business applications of economics
-Looks really impressive on your resume

Cons – -Lack of bottom-line accountability (as you would have with any firm in the private sector) or any sort of incentive compensation based on success means management has no reason to promote the best people (and indeed, every reason to keep them down to avoid looking bad), and so they don't
-Takes the ambition out of you (granted for some this could be a good thing)

Advice to Senior Management – -Quit with the power struggles between departments and branches; develop a plan to get the entire district moving in the same direction
-Schedule semi-annual reviews for all employees (I never had one in two years)

No, I would not recommend this company to a friend

Former Employee – worked at Federal Reserve Bank of Dallas full-time for more than 7 years

Pros – Health and retirement benefits good

Cons – Incompetent management at all levels - it pemeates the entire organization
Long hours
Inefficient processes
No training provided for employees
Managers who don't want to listen to constructive suggestions for improvements
Abuse and harassment of employees by managers
Culture that promotes acrimony and disharmony between departments and business units
Outdated technolog - lack of computer literacy at the C level

Advice to Senior Management – The only way to rectify the situation is to clean out management from top to bottom - start at the top and go right down the chain with all officers and managers. As it stands now, this place is hopeless.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Former Employee – worked at Federal Reserve Bank of Dallas

Pros – friendly and polite workplace. comfortable atmosphere. great lunch room and have a credit union on the premises. management are polite.

Cons – they often send employees home early if call volume is low, so you are shorted on your hours. They say they track your volume, but they never acknowledge your job performance.

No, I would not recommend this company to a friend