Federal Reserve Bank of Richmond
3.4 of 5 26 reviews
www.richmondfed.org Richmond, VA 1000 to 5000 Employees

Federal Reserve Bank of Richmond Reviews

Updated Mar 29, 2014

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3.4 26 reviews

                             

95% Approve of the CEO

Federal Reserve Bank of Richmond President Jeff Lacker

Jeff Lacker

(19 ratings)

81% of employees recommend this company to a friend
26 Employee Reviews
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A great career that you'll have the opportunity to make the most of!

Bank Examiner (Former Employee)
Richmond, VA

I worked at Federal Reserve Bank of Richmond full-time for more than 5 years

ProsThe salary and benefits are great, and there are many different types of job opportunities at the Richmond Fed. You'll have great job stability, and you can take pride as you help serve the public.

ConsIt's quasi-governmental so you may not get the private-sector recognition you're used to and it's a slower pace.

Advice to Senior ManagementStay the course!

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Decent over all

Anonymous Employee (Current Employee)

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

Prosthe company has good benefits

Consthe job descriptions are a bit unclear

Yes, I would recommend this company to a friend

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Not a good IT department

Service Assurance Specialist III (Former Employee)
Richmond, VA

I worked at Federal Reserve Bank of Richmond full-time for less than a year

Prosalmost no work to do....Is this really PROS?

ConsFRIT:

1) Team culture: not GOOD, they don't welcome new comers...
2) Team lead: use BULLY and does MICRO managing...
3) Team members: Don't have required skills and experience, ping-pong game, too much POLITICS, bully...
4) No skill improve, not many opportunity to learn new tech skills
5) Very Lazy people and you need two headache pills every day.

Advice to Senior Management1) Get rid of 'Team Lead' position, it's useless.
2) Do not do 'MICRO' management
3) Educate your people: Don't let them to BULLY

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

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Very good for family, stable but not good for growth

Anonymous Employee (Current Employee)

I have been working at Federal Reserve Bank of Richmond

ProsVery good people, benefits and atable

ConsVery slow moving, less flexible, slow growth

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Nowhere Land

Anonymous Employee (Former Employee)
Richmond, VA

I worked at Federal Reserve Bank of Richmond full-time for more than 10 years

ProsHealth Insurance, Retirement Benefits, Salary,

ConsPromotions slow to come, poor management, red tape, long hours

Advice to Senior ManagementListen to your employee opinions, Be more cognizant to managerial practices throughout the bank.

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

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Super friendly and balanced but very little ambition or motivation to work hard

Emerging Talent Initiative Intern (Former Employee)
Richmond, VA

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

ProsGreat work life balance
Doing something good for the economy
Promote from within
Great people to work with day in and day out, seem happy
Not a lot of politics

ConsNot extremely motivated to do extra work
Put in your 40 and go home
Lots of red tape as expected
Can be dry work

Advice to Senior ManagementYou don't have to listen to me or anyone so I'll be quiet

Yes, I would recommend this company to a friend

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Family Friendly Place to Work

IT Analyst (Current Employee)
Richmond, VA

I have been working at Federal Reserve Bank of Richmond full-time for more than a year

ProsAtmosphere is nice and friendly. There is time and room to grow and explore different projects. The work is satisfying and is a great pace for a good work/life balance.

ConsCan be career limiting due to the speed of project execution being slow. While working here, I can see that the pace of technology is slower than industry standards.

Advice to Senior ManagementCan be more interactive with employees, but otherwise it's good that there are no "micro managers".

Yes, I would recommend this company to a friend

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worth checking out

Anonymous Employee (Current Employee)

I have been working at Federal Reserve Bank of Richmond full-time for more than 10 years

ProsThere are many interesting jobs. On the whole, the people are above average in qualities like trustworthiness. Most jobs allow good work - life balance. The benefits package is above average. Richmond is a pleasant place to live.

ConsThere is currently a salary freeze! The quality of management is uneven. At times the culture can be stuffy, bureaucratic, and politically correct. Richmond is not the most exciting city. And salaries are frozen.

Advice to Senior ManagementRaise salaries.

Yes, I would recommend this company to a friend

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Summer Intern

IT Intern (Former Employee)
Richmond, VA

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

ProsVery relaxed. Lots of intelligent people around you and lots of resources to take advantage of. Colleagues are really friendly.

ConsNot much excitement during the work week. Great place to kickstart your career but wouldn't stay around for longer than a couple of years

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Glad I'm gone

Anonymous Employee (Former Employee)

I worked at Federal Reserve Bank of Richmond full-time

ProsGreat benefits, good decent pay.

ConsWatch your back on your associates.

Advice to Senior ManagementListen to your employees.

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Federal Reserve Bank of Richmond reviews and ratings — including employee satisfaction and approval rating for Federal Reserve Bank of Richmond CEO Jeff Lacker. All 26 reviews posted anonymously by Federal Reserve Bank of Richmond employees.