Federal Reserve Bank of Minneapolis

  www.minneapolisfed.org
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Federal Reserve Bank of Minneapolis Reviews

Updated August 11, 2014
Updated August 11, 2014
12 Reviews

3.6
12 Reviews
Rating Trends

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Narayana Kocherlakota
6 Ratings

Employee Reviews

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  1.  

    Treasury Services II

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Treasury Services II  in  Minneapolis, MN
    Current Employee - Treasury Services II in Minneapolis, MN

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

    Pros

    Great benefits, people, opportunity for development

    Cons

    Long time to move up in the organization

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Customer Support Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Support Representative  in  Minneapolis, MN
    Current Employee - Customer Support Representative in Minneapolis, MN

    I have been working at Federal Reserve Bank of Minneapolis

    Pros

    Health benefits, retirement benefits, education reimbursement, clean facility, nice cafeteria

    Cons

    Promotions are made based on who you know, not qualifications/education. Work can get boring. Blanket rules enacted but rarely enforced.

    Advice to ManagementAdvice

    Some staff may be fine working the same operations job every day for the rest of their lives but others want to be challenged, opportunities to grow and advance in their career.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    It was a very easy opportunity in which I met a lot of cool people, learned a lot, and didn't have to work very hard...

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

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

    Pros

    - Lots of networking opportunities
    - Cool public presentations throughout the bank
    - Opportunities to impress your superiors in many ways
    - Great hours

    Cons

    - Not very well directed
    - Very poor pay
    - Only had to work as hard as I wanted to work
    - Management did not seem to care much about the work of the interns.

    Advice to ManagementAdvice

    Make it a more directed internship program and offer higher wages.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Great Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Instructional Designer  in  Minneapolis, MN
    Former Employee - Instructional Designer in Minneapolis, MN

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

    Pros

    Beautiful building on the river, downtown Minneapolis. Best internal development training I've seen anywhere. Terrific mentor program. Stable and consistent work environment.

    Cons

    Pace can seem slower than other companies. Adopting new technology requires careful testing and that takes time. Annual salary increases are meager.

    Positive Outlook
    Approves of CEO
  6.  

    Company Review

    Former Employee - Customer Service Representative  in  Minneapolis, MN
    Former Employee - Customer Service Representative in Minneapolis, MN

    I worked at Federal Reserve Bank of Minneapolis full-time for more than 8 years

    Pros

    Good benefits such as medical, dental and pension.

    Cons

    Poor base salary and poor annual raises

    Advice to ManagementAdvice

    Need an upward base salary restructure...otherwise employees will use the company as a spring board for careers elsewhere.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    I enjoyed working with this company. The employees and staff were great to work with.

    • 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 Minneapolis

    Pros

    The benefits package and training available is something that I have only see at a few large companies. There are considerable opportunities to continue or expand your education.

    Cons

    There are limited promotional opportunities and it may be difficult to change careers within the organization.

    Advice to ManagementAdvice

    Take action from the employee surveys.

    Approves of CEO
  8.  

    I was constantly dealing with a good 'ol boys network full of micromanagement and favoritism.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - SRC  in  Minneapolis, MN
    Current Employee - SRC in Minneapolis, MN

    I have been working at Federal Reserve Bank of Minneapolis full-time for more than 3 years

    Pros

    The benefits and salary are very good and the location is beautiful. Most of the people you work with are dedicated and make the day enjoyable.

    Cons

    Some departments are very cliquey and if you are new, it is very tough to fit in. There is rampant favoritism where those who are liked but minimally qualified are promoted. Also, micromanagement is the norm, I have never been seen a place that was this bad.

    Advice to ManagementAdvice

    Take the employee surveys more seriously and actually try to implement the changes talked about.

    Doesn't Recommend
    Neutral Outlook
  9.  

    Laid back style of Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - EBusiness Engineer  in  Minneapolis, MN
    Current Employee - EBusiness Engineer in Minneapolis, MN

    I have been working at Federal Reserve Bank of Minneapolis full-time for more than 3 years

    Pros

    Job Security, work life balance

    Cons

    Career progression, non competitive work environment

    Recommends
    Neutral Outlook
  10.  

    Enjoyable experience and great environment

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federal Reserve Bank of Minneapolis

    Pros

    Family-like atmosphere, fast paced work environment

    Cons

    Security measures can be a hassle

  11.  

    I think it's very educational and great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Assistant  in  Minneapolis, MN
    Former Employee - Research Assistant in Minneapolis, MN

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

    Pros

    - The working fellows are really nice, and are willing to help you out anytime
    - The work has been very educational, but the work not easy.

    Cons

    - There are really nothing to complain about.

    Recommends
    Neutral Outlook

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