Federal Reserve Bank of Dallas Reviews

Updated August 6, 2015
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4.3
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Approve of CEO
Federal Reserve Bank of Dallas President and CEO Richard W. Fisher
Richard W. Fisher
29 Ratings

Pros
  • Flexible hours provided a good work life balance (in 6 reviews)

  • There are great benefits and the building is really beautiful (in 4 reviews)

Cons
  • some red tape due to bureaucracy (in 4 reviews)

  • Slow to change, but undersatnd the need (in 2 reviews)

More Pros and Cons

43 Employee Reviews

Sort: Popular Rating Date
  1. Featured Review

    Helpful (5)

    Great place to work, wonderful benefits, and strong outlook for the future.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sr. Analyst in Dallas, TX
    Current Employee - Sr. Analyst in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of Dallas full-time (More than 5 years)

    Pros

    I am going on 5 years with this company. My background is in consulting and I never thought I would find an organization that would make me want to stay. Their retire benefits are amazing and after seeing how so many companies are taking such things away, the FRB of Dallas continues to hold on strong. I work with a great group of people, who are committed and highly skilled. The people are accepting and willing to help.

    Cons

    Corporate culture is different from many fast-moving consulting firms. Slow to change, but undersatnd the need.


  2. Excellent benefits, Organization invests in Employees, fantastic people to work with.

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

    I have been working at Federal Reserve Bank of Dallas full-time (More than 10 years)

    Pros

    I have worked at the Federal Reserve Bank of Dallas for more than 16 years. This job began as a part time opportunity that grew into a career. The retirement benefits are amazing. The health plans that are offered are better than most in the market. Employees are valued and appreciated.

    Cons

    Change doesn't happen quickly in our environment.


  3. Helpful (1)

    Analyst

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federal Reserve Bank of Dallas full-time

    Pros

    Cafeteria is okay. Gym is good. Benefits are pretty good especially the pension and 401k match as well as tuition assistance. The health insurance is about the same as anywhere I've been. Don't let HR tell you it's better as the lifers haven't really worked anywhere else. The building and location are pretty nice. Good departments are: Banking Supervision & Reg, Discount & Credit, Public Affairs, and IT.

    Cons

    IN the larger scheme of things, management tends to belittle and hold down some employees while promoting someone whom just agrees with what they say so they can be affirmed of their own malarkey. Remember that this is a government institution even though it is called a "quasi" government institution. Poor exit interviews go without any subsequent action. Bias and insestual culture.The Fed has no competition and management can do whatever and never get called out. Any and most anonymous reviews seen here are usually from Human Resources and will of course have a positive review. This is very representative of the Fed as reality is very skewed there. I would have to agree with the Senior Auditor's post. It is an awful place to work if you care about your career and are ambitious. If you have a job at the Fed as second household income, then it may be a good job as it is kind of cushy for some people. Bad departments are: Audit, Statistics, Financial Management, Legal. I wonder what would happen if one of these "lifers" in management had to get a "real" job in the "real" world. Cronyism is about as rampant as I have ever seen and officers are locked into jobs so nothing will ever change. The pay is well below market and that says a lot about if the place even matters if thety don't care to pay for good talent.

    Advice to Management

    To upper management I would say, enjoy retirement and the free money.


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


  5. Basic Comments

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Procurement Sourcing Manager in Dallas, TX
    Former Employee - Procurement Sourcing Manager in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Federal Reserve Bank of Dallas (More than a year)

    Pros

    Good collaboration. Very team oriented

    Cons

    I have nothing to produce as cons.

    Advice to Management

    Be more sensitive to new employees that don't have the years of tenure that most of the management has.


  6. Helpful (5)

    Senior Auditor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Auditor in Dallas, TX
    Former Employee - Senior Auditor in Dallas, TX
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Federal Reserve Bank of Dallas full-time

    Pros

    The health benefits, pension, and 401-k are good. There is a gym and cafeteria in the building. Parking is underground and free.

    Cons

    Jobseekers beware - audit dept is dysfunctional, poor work/life balance, lots of work/rework, auditors are expected to work more than 40 a week, every project becomes an emergency, management shows favorites, staff is not treated equitably, there is no history of or chance of promotion, cronyism is rampant, poor employee morale, horrible culture, and lots more. Positive reviews on this site are from management or HR. There are three categories of employees in the department: 1. employees with 20+ years of time invested, 2. staff that has left the bank or department, 3. staff about to leave the bank or department.

    Advice to Management

    Employee turnover is horrific and indicative of a real problem with management. Make change or expect the same.


  7. Helpful (2)

    Worst Place in the World...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Various
    Former Employee - Various
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Federal Reserve Bank of Dallas full-time (More than 5 years)

    Pros

    Benefits are good. That is the only plus..

    Cons

    Managers straight from the stone age...lack of technical knowledge..Abuse is widespread...

    Advice to Management

    Clean house and start from scratch with management


  8. Quality organization with a community envirornment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Dallas, TX
    Current Employee - Anonymous Employee in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Job Security, benefits, large but not huge organization, longevity of staff, solid budgetary portfolio.

    Cons

    Limited upper salary threshold, ultra-conservation business model...longevity of staff.


  9. Sr Administrative Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Administrative Assistant in Dallas, TX
    Current Employee - Senior Administrative Assistant in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    People are great, benefits are awesome, work life balance is a priority to management, work schedule is flexible.

    Cons

    Not quick to make changes.


  10. Recruiter

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources Professional in Dallas, TX
    Current Employee - Human Resources Professional in Dallas, TX
    Recommends
    Positive Outlook

    I have been working at Federal Reserve Bank of Dallas full-time (More than 10 years)

    Pros

    Stability Great Benefits Career with a purpose Family environment Flexible work schedules Employee recognition programs and incentives

    Cons

    Employees never leave which limits the career growth opportunities. People retire from here. That's a good and bad thing. Overall great place to work. Would highly recommend you check us out.


  11. Great place to work!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of Dallas full-time (More than 8 years)

    Pros

    The Bank is a great place to work! Employees have a safe, supportive, healthy, and friendly environment to work in; the total rewards package is highly rated, and the professional development opportunities are outstanding.

    Cons

    The company culture is more on the conservative scale.

    Advice to Management

    Continue supporting your employees, and they'll support you!



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