Federal Reserve Bank of San Francisco Reviews

Updated June 3, 2015
38 reviews filtered by
  • San Francisco, CA
  • Any Job Title
  • Any Status
Employment Status

Reset
3.9
Rating Trends
Recommend to a friend
Approve of CEO
Federal Reserve Bank of San Francisco President & CEO John C. Williams
John C. Williams
21 Ratings

Pros
  • I had amazing work/life balance, great training and benefits (in 19 reviews)

  • Great benefits and excellent work life balance (in 12 reviews)

Cons
  • Work-Life balance was always discussed, but was unable to balance (in 4 reviews)

  • Worst business culture I've ever experienced - many employees appear like the walking dead - unmotivated, unhappy (in 3 reviews)

More Pros and Cons

38 Employee Reviews

Sort: Popular Rating Date
  1. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

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

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

    Pros

    Best reason to work here are the people who are friendly, professional, and work hard but aim for work/life balance, the opportunity to learn and grow within the Bank and the Federal Reserve System, and the excellent benefits offered.

    Cons

    Some downsides are slow to adapt to changes but this area is improving.

    Advice to Management

    Aim to be more current and work to build on the strengths of the employees and find new ways to support their interests and grow with the Bank


  2. Helpful (1)

    Good place to work if you have a good boss

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

    I worked at Federal Reserve Bank of San Francisco

    Pros

    The benefits were great and the people are mostly friendly.

    Cons

    *You have to watch your back as the other EAs are really territorial (especially amongst the lifers).


  3. Senior Java Developer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Current Contractor - Anonymous Contractor in San Francisco, CA
    Current Contractor - Anonymous Contractor in San Francisco, CA

    I have been working at Federal Reserve Bank of San Francisco as a contractor (More than a year)

    Pros

    You need to understand the bank is not a tech company. Therefore, the management staff doesn’t have a rich experience of a software development. They make certain mistakes, which influence the product quality in a bad way. However, alongside with this there is no micromanagement (Attention, this info is applicable only to the devs and may not be for others). I cooperate with colleagues from other departments, they are positive and helpful people, you can always learn something new from them. The bottom line is, if you are energetic, eager and desire quick changes from the management, this place is not for you.

    Cons

    The bank is not a tech company. Unprofessional management.

    Advice to Management

    Involve more technical people to decision making on development process.


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


  5. great internship

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Anonymous Intern in San Francisco, CA
    Current Intern - Anonymous Intern in San Francisco, CA

    I have been working at Federal Reserve Bank of San Francisco as an intern (Less than a year)

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

    Pros

    picked up tons of skills from charting workflows to writing business requirements to learning cost savings analysis. learned visio, advanced excel skills, other facets of HR from talent recruiting to L&OD - managers door was always open and he dispensed great advice. coworkers were helpful and real friendly

    Cons

    -sometime work was dull or flow of work ebbed - as i started later in summer than other interns, wasn't really introduced to intern class till later. - only a 7 week internship compared to other interns who worked 10 weeks


  6. Helpful (7)

    Financial Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in San Francisco, CA
    Former Employee - Financial Analyst in San Francisco, CA

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

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Great work life balance, leave at 5 (unless you are a bank examiner), can probably do flex schedule or telework. Good pay, though not amazing. Great coworkers.

    Cons

    Horrible management, takes 20 years to get promoted. Don't know how to manage expertise.

    Advice to Management

    Give more chances for responsibility and make sure people work in the jobs where they have expertise.


  7. Helpful (2)

    Respectful and great co-workers

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

    I worked at Federal Reserve Bank of San Francisco

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

    Pros

    Great work-life balance, great co-workers

    Cons

    It is a huge organization, and it might have taken some more time to implement things.


  8. Helpful (8)

    Stale 1960's culture; overdue for purging current leadership and brining in new innovative leaders from outside

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in San Francisco, CA
    Current Employee - Project Manager in San Francisco, CA

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

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

    Pros

    Great benefits. Opportunity for flexible working arrangements (if your department management is aware and progressive enough to approve of it); pension plan. Officers (directors and above) have fantastic perks -- major bonuses and incentives, numerous cash allowances such as thousands of dollars per year allowance for additional medical treatments, other payments disguised as allowances, and upper $180,000's to mid- $200,000's salaries.

    Cons

    Suppressed stale "mad man" culture. Every department is completely disjoined from other departments. Everything is very political, and decisions are made to please certain people, not to benefit organization or the staff. In the past, majority of the Fed used to be a processing plant for cash and check operations. Back then management treated blue collar workers as second class citizens. In the last 10 years the checks processing had seized, cash operations had shrank, majority of blue collar workers were disposed off, but the management was kept and re-assigned to lead white-collar departments such as IT, Statistics, Accounting, Cash Product Office. As a result unqualified people are spearheading important Fed function, which they don't quite understand. They still treat workers as second class citizens, and rely completely on their workers to figure out how to do the job, expect their workers to write drafts of e-mails for them, so that they can append their names to those e-mails and send them to their management, don't support staff development and block promotions, since they are afraid that letting their staff shine would expose their lack of knowledge and would make their staff look better than them. Due to the lack of promotional opportunities, stale culture, and heavy office politics, some departments have extremely high turnover rates. At the other end of the spectrum are people who've been in their positions with heads down for 30+ years, did the same function all these years, have a subdued demeanor, have no interest in any innovations, suspicious of new hires, and wait for the retirement to kick in. Those people are hailed as examples, celebrated as success stories, and depending on the department are thrown 25, 30, 35 year anniversary parties. The Fed is in its own bubble, and is completely unaware of the progress that had taken place in the past 20 years. The only people who get promoted are the ones who management takes a liking to. Those people are typically the same mediocre types as their management. They are not deserving of promotion based on their performance, but the management considers them to be a good fit for their clique. Thus the culture lives on. Economics department, which President Williams comes from is the only exception. It is completely independent from the rest of the organization. Unlike the rest of the departments, none of the cash/check managers were re-assigned to lead it, so Economics department has collegiate atmosphere, which is completely atypical for the Fed. President Williams is not closely involved in day-to-day leadership of the organization; his primary responsibility is to work on monetary policy and to represent SF Fed at the Board. He is not hands on leader and is not aware of the real culture, which dominates all non-Economics departments. Bottom line: the only reason many people stick around are job security and retirement benefits. Other than that, it is not worth the effort.

    Advice to Management

    Get in touch with the people, see what is actually going on in the company. Talent management philosophy which has been touted in the past few years is not changing anything. People should be promoted to the management positions based on their leadership abilities, technical skills, and positive demeanor. The people who are currently promoted are usually 100% focused on pleasing their management and are not necessarily capable of building healthy relationships with their subordinates. There are numerous examples of that. Also, make it easier for people to transfer to other departments without becoming a subject of retaliation form their current management.


  9. Helpful (2)

    I Really Liked My Experience with the Fed

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Recruiter in San Francisco, CA
    Former Employee - Senior Recruiter in San Francisco, CA

    I worked at Federal Reserve Bank of San Francisco full-time (More than 8 years)

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

    Pros

    The culture is great and the people are fantastic. I had amazing work/life balance, great training and benefits. I think the organization and the leadership team really care about their employees.

    Cons

    The only downside to my experience with the Fed was the overall compensation. Since, you do not have a bonus structure plan in place for the roles, they need to do a better job at paying for performance.

    Advice to Management

    Keep listening to your employees, they might surprise you, but overall a great leadership team.


  10. Helpful (1)

    Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Supervisor in San Francisco, CA
    Former Employee - Supervisor in San Francisco, CA

    I worked at Federal Reserve Bank of San Francisco full-time (More than 10 years)

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

    Pros

    Great benefits, diverse staff, many opportunities for advancement, excellent commute location, good salaries and stable employment environment. The work is extremely important to the health of the global economy. You really get a sense that you are making a contribution to the betterment of society.

    Cons

    It can take some time for the organization to evolve, but be patient and good things will happen. Some people say that management is slow to accept change. It is a very conservative company, but that is getting better.

    Advice to Management

    Keep up the good work!


  11. Great place!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in San Francisco, CA
    Former Employee - Analyst in San Francisco, CA

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Friendly atmosphere, management willing to help out, direct influence on important work, easy to have work life balance

    Cons

    Hierarchical structure, some bureaucracy (it is a public institution)

    Advice to Management

    Great job overall, perhaps promote better cohesiveness within teams



Showing 38 of 73 reviews
Reset Filters
RSS Feed </> Embed

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