Federal Reserve Bank of Philadelphia

www.phil.frb.org
Unclaimed Profile

Federal Reserve Bank of Philadelphia Reviews

Updated July 23, 2015
20 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset
3.5
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
Charles I. Plosser
16 Ratings

20 Employee Reviews

Sort: Popular Rating Date
  1. Great Place to Work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Phila, PA
    Current Employee - Analyst in Phila, PA

    I have been working at Federal Reserve Bank of Philadelphia

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

    Pros

    Support for continuing education, excellent benefits, work/life balance

    Cons

    Slow advancement, administrative nightmare. Too great a focus on small details while ignoring the big picture.

    Advice to Management

    Get rid of the dead wood and dump the nonbasic benefits offered


  2. Helpful (1)

    Not worth the bullet point on your resume!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Reports Analyst C in Philadelphia, PA
    Former Employee - Reports Analyst C in Philadelphia, PA

    I worked at Federal Reserve Bank of Philadelphia full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    I worked in the statistics department as an analyst of regulatory reports. It is hard to think of pros for this job. The only real highlight is that you get an understanding of how banking works in a broad sense. If you take the time on your own, you can learn much more to help you get a better job with another organization.

    Cons

    The management the in the department treat junior staff terribly. The management will hardly acknowledge that you are there; this includes birthdays, deaths in the family, or any other event that normal people would talk to you. The management will not support you moving to another department or another Federal Reserve Bank. They will actively try and stop you by calling other department’s or Fed’s manager. The managers are very immature; to the point where it almost feels like they are trying to develop a high school click or sorority. The managers are also very uneducated. They do not know basic financial terms and the basics of security products. You do not have the ability to improve the analysis conducted because management will not understand what you are doing and therefore will not let you do it. If you go listen to the NPR program “This American Life- Fed Tapes" you will see that the overall culture is terrible. The managers ask you to bring new ideas to them, but if you do and they don’t either have the knowledge to understand the idea or disagree with the idea, they will hold this against you. They prefer their employees shut up and do not talk. This is evident when you walk into the office area an you will hear nothing but keys clicking, no matter if it is Monday, Friday or a holiday. The lower level employees only get to know each other via IM since everyone is scared to talk. This is the worst places I have ever worked. The job, in itself, could be great but the managers will make you wish you had taken a different job. This is evident by a high turnover rate among all new people. Generally, the employees, who have been there for over 3 year, tend to be unmotivated people and just want to collect their paycheck and pension with doing as little work in life as possible. HR is aware of the issues but does nothing.

    Advice to Management

    You need to fire all managers in the department and coordinators. These people are completely incompetent. Their lack of basic financial knowledge prohibits them from conducting meaningful analysis. Their treatment of staff is reprehensible. You are losing good employees because the managers treat everyone so poorly.


  3. Information Security Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Philadelphia, PA
    Former Employee - Anonymous Employee in Philadelphia, PA

    I worked at Federal Reserve Bank of Philadelphia full-time (More than a year)

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

    Pros

    Great benefits, great stability, pension, job security, important work

    Cons

    no possibility of standing out, no flexibility, no telecommute, nails that stand up get hammered down

    Advice to Management

    Build ways for employees to exceed, and do interesting work.


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


  5. Best intern experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in Philadelphia, PA
    Current Employee - Intern in Philadelphia, PA

    I have been working at Federal Reserve Bank of Philadelphia

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    personal growth, get programs and training, fun environment, people were really friendly and open

    Cons

    some people were resistance to change, even though it improves the company's efficiency hard for career advancement but a lot of chances to change jobs around within the company


  6. Awesome Entry Level Position

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Philadelphia, PA
    Former Employee - Business Analyst in Philadelphia, PA

    I worked at Federal Reserve Bank of Philadelphia full-time (More than a year)

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

    Pros

    Department team members will mentor you on position and duties Steady pay and job security Opportunity to rotate to different departments

    Cons

    Workers and culture can be quite complacent Working with dated technology in comparison to outside private sectors Workers consist mainly of baby boomers


  7. Helpful (3)

    Examiner

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Examiner in Philadelphia, PA
    Current Employee - Examiner in Philadelphia, PA

    I have been working at Federal Reserve Bank of Philadelphia full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Flex Fridays, telecommuting, benefits, time-off, and pay

    Cons

    Poor leadership, no growth, no career development, lack of defined strategic plan, mismanagement of top performers. Good work leads to more work while others get to lay back and do mediocre work. People that try and bring change are pushed to the side. The culture is stagnant and there is no vision. Management is reactive rather than proactive to issues.

    Advice to Management

    Do a better job of managing your talent pool. Value your people they are your greatest asset.


  8. Great Experience, enjoyed working at the Federal Reserve Bank.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Generalist in Phila, PA
    Current Employee - Operations Generalist in Phila, PA

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

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Benefits were above average excellent!!!

    Cons

    lost of family enviorment no longer that familiar family feeling


  9. The organization I have ever worked for.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Examiner in Philadelphia, PA
    Current Employee - Senior Examiner in Philadelphia, PA

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

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

    Pros

    Good salary, excellent benefits and phenomenal work/life balance in low-stress environment. Most staff in bank supervision are offered flex-schedule option (work nine, 9-hour days and get off the 10th day). The work is interesting and challenging in the bank supervision dept. where we regulate certain state-chartered banks and the parent companies of all banks (bank holding companies) and savings and loan holding companies. The office has a nice cafeteria whose prices are subsidized, one of the best office gyms I have ever seen ($75 a year), and a dry cleaner (open 3 days a week). Long-term employees also get on-site parking (the waiting list is about 20 years because few leave before retirement). The Reserve Bank is part of the Federal Reserve System (12 Reserve Bank plus Federal Reserve Board in Washington), which provides opportunities to visit the other Reserve Banks or the Federal Reserve Board in Washington.

    Cons

    My only minor complaint about the Philly Fed is that the building is relatively old (built in 1976), especially compared to some of the other Federal Reserve Banks (like Atlanta, Minneapolis, Kansas City and Dallas).

    Advice to Management

    Keep up the good work!


  10. Very demanding and sometime fast paste.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Philadelphia, PA
    Current Employee - Analyst in Philadelphia, PA

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Its a decent paycheck every two weeks, it teaches you new things everyday about the banking industry, and new ways of processing your applications from the Federal Reserve System. Especially what should be included in your summary.

    Cons

    Remembering all the regulations and guidelines in processing your cases.

    Advice to Management

    Allow some of your staff who may really need it to attend outside schools.


  11. Love my profession working at the fed has its ups and downs

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Bank Examiner in Philadelphia, PA
    Current Employee - Bank Examiner in Philadelphia, PA

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

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

    Pros

    Low stress level and work life balance Able to telecommute frequently Have a 9 work schedule every other Friday off Paid for my college education Progression throughout the years Great teamwork environment Can travel to work by public transportation when in the office Great benefits Great retirement package

    Cons

    Micromanagement and too many layers of review causes time wasting and frustration Lots of travel away from home, proper planning necessary Preferential treatment is noticed Low pay raises Need to realign resources not enough worker bees Lots of negative feedback and not enough positivity can lead to a work bullying environment

    Advice to Management

    Reinforce a positive environment will lead to hard working employees and will have better work product outcome



Showing 20 of 24 reviews
Reset Filters
RSS Feed </> Embed

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