Federal Reserve Bank of Richmond Reviews

Updated March 25, 2015
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3.1
38 Reviews
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Federal Reserve Bank of Richmond President Jeff Lacker
Jeff Lacker
25 Ratings

Employee Reviews

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  1. Intern

    • 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 Richmond

    Pros

    Everyone is very friendly and willing to answer questions. Intern friendly environment

    Cons

    Rare to get full time offer

    Advice to ManagementAdvice

    Work more on making the internship turn into full time opportunities

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful

    Dead end for young professionals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Cash Teller in Richmond, VA
    Former Employee - Cash Teller in Richmond, VA

    I worked at Federal Reserve Bank of Richmond full-time (more than 3 years)

    Pros

    PTO, Great Benefits, Gym on site.

    Cons

    There is a extreme lack of growth for young professionals. The mindset is very conservative with promotions or hiring within. The bank is aware of the generation gap but does nothing to help young professionals to advance. Cash Department is a place young careers go to die.

    Advice to ManagementAdvice

    Take the time to train and develop young employees.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. Interesting place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federal Reserve Bank of Richmond

    Pros

    Great benefits, great people to work with

    Cons

    Hard culture to navigate, relationship driven

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


  5. 2 people found this helpful

    My experience at the Federal Reserve Bank of Richmond

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

    I have been working at Federal Reserve Bank of Richmond

    Pros

    Work-life balance is good. Pay rate is fair.

    Cons

    Highly mechanical organization. Many cliques... external experience not appreciated. Promotes from within only with pretenses of external consideration...

    Advice to ManagementAdvice

    Consider and value external applicant's skillset and diverse experience... value can be added to organization from experiences other than the Federal Reserve!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. Federal Reserve Bank of Richmond

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in Richmond, VA
    Former Employee - Consultant in Richmond, VA

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

    Pros

    Great place to work. Inclusive and challenging work environment.

    Cons

    One of twelve Federal Reserve Banks in System. Opportunities may be limited.

    Recommends
    Positive Outlook
  7. 2 people found this helpful

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Technical Recruiter in Richmond, VA
    Current Employee - Senior Technical Recruiter in Richmond, VA

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

    Pros

    Smart people and dedicated with a commitment to the mission of the Federal Reserve, and to its work on behalf of the US Economy and its strength in the global economic environment.

    Cons

    Salaries may not align competitively with commercial enterprises, but benefits, career growth, stability, and the opportunity to do exciting and meaningfull work are unsurpassed.

    Recommends
    Positive Outlook
  8. 4 people found this helpful

    Could be better

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

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

    Pros

    Great learning opportunities and interesting work. Pay and benefits are very good as is the cafeteria.

    Cons

    Lack of diversity in management and in senior levels leads to a stale culture that appears to be stuck in the past.

    Advice to ManagementAdvice

    Get with the times.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful

    See Nothing Changed

    • 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 Richmond full-time (more than 5 years)

    Pros

    Great benefits, love the dining room and gym. Environment is lovely and the PTO is nice.

    Cons

    It takes forever to move up and when there is an opportunity it is already targeted for some one. Diversity at the upper levels are not to be found. African Americans need not apply for any meaningful job.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 2 people found this helpful

    Information Systems Analyst

    • 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 Richmond full-time (more than 8 years)

    Pros

    The Richmond Fed offers extremely good benefits. They are always looking at ways to enhance their benefit plans and offerings. There are plenty of job opportunities at the Fed and it is easy for employees to move into different roles. They also have an awesome executive dinning room and employee gym. There is also a very nice Starbucks and employee lounge that offer very nice views of the James River.

    Cons

    Many employees are very stressed out because of the amount of work. Upper management has unreal expectations and put employees under a lot of pressure. Also the Richmond Fed is lacking in diversity when it comes to race and gender. Additionally, many people are working their just to retire, so moving up the ladder can take a while.

    Advice to ManagementAdvice

    Management at the Richmond Fed really needs to focus on improving the diversity among middle management and upper management. While their diversity initiatives under way, they seem to focus on improving diversity at the lower levels of the organization. Additionally management needs to be aware of the work load and stress of their employees.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful

    FRIT Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - IT Intern in Richmond, VA
    Former Intern - IT Intern in Richmond, VA

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

    Pros

    Very nice office. Great cafeteria. Great speaker events.

    Cons

    Did not receive real world work that was directly related to the department you are set in.

    Advice to ManagementAdvice

    No advice to management, but for HR, take notes on the internships by other companies. Utilize the internship programs for actual experience and chance of full time hire.

    Recommends
    Neutral Outlook
    Approves of CEO

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