Federal Reserve Board

  www.federalreserve.gov
  www.federalreserve.gov
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Federal Reserve Board Reviews

Updated September 10, 2014
Updated September 10, 2014
65 Reviews
4.0
65 Reviews
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Janet L. Yellen
10 Ratings

Review Highlights

Pros
  • Great learning opportunities; decent work/life balance; excellent compensation and benefits package (in 12 reviews)

  • Opportunity to learn in depth information about monetary policy (in 4 reviews)


Cons
  • Complete disregard for the private sector (in 6 reviews)

  • There is an abundance of red tape (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Internship at its best

    • 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 Board

    Pros

    Great HR team. They want you to grow. Very organized. You actually work as a regular employee

    Cons

    I don't have anything to say

  2.  

    I had a great experience and learned a lot that I can use to further my career development.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Student Intern  in  Washington, DC
    Former Employee - Student Intern in Washington, DC

    I worked at Federal Reserve Board as an intern for less than a year

    Pros

    Everyone is easy to work with. Great work-life balance. Provides a comfortable atmosphere where you can learn and develop your career. Fantastic benefits. A lot of chances to grow by moving to different divisions and promoting form within.

    Cons

    Compensation is an issue in regard to turnover. Doesn't have an undergraduate development program that would be very helpful. Start to get younger employees who are more motivated to learn and go the extra mile. Have to earn a master's degree for a lot of the positions.

    Advice to ManagementAdvice

    Focus on decreasing turnover. Increase communication across divisions.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good pre-doctoral experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board

    Pros

    Relaxed, good colleagues, exposure to exclusive datasets

    Cons

    Maybe too much freedom for some overachievers. Also, no good schools to use academic assistance package near the vincinity

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  5.  

    FRB is an exciting place to work

    • 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 Board

    Pros

    It provides a unique perspective you can't get many other places.

    Benefits are great, people are a pleasure to work with, time off is a huge pro

    Cons

    Too much consensus building on business ops side (internal operations of Board). Too many people stuck in old ways "these is how we always do things" (this culture is changing with recent strategic management hires though)

    Advice to ManagementAdvice

    Bring some younger people in! Bring some life and energy into this place!

  6.  

    Great place to learn!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern  in  Washington, DC
    Former Employee - Intern in Washington, DC

    I worked at Federal Reserve Board as an intern for more than a year

    Pros

    The people you come in contact with are generally quite well educated and established in the field.
    Almost everyone is genuinely dedicated to the work.
    Work/home balance is quite good, especially as an intern.
    The programs the Fed offers to interns to learn about different departments within the organization are stellar.

    Cons

    You will run into a bit bureaucratic red tape but it is far worse in other 'true' Government Departments

    Advice to ManagementAdvice

    Look to hire a younger workforce, you may be missing out on some business process innovation.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great place to work

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

    I worked at Federal Reserve Board full-time for more than a year

    Pros

    Great work/life balance, awesome benefits, great colleagues, little office drama/politics (in my section), great technical training, interesting research. This is an absolutely great place to work. 9-5 most of the time. Everyone is very bright and dedicated. Aside from "production" duties, you have autonomy to seek out research projects with different Economists. Management and Economists are very interested in your career development.

    Cons

    Charting work in S-plus for RAs can be a burden, as Economists often don't know what's entailed to complete their requests (during crunch times).

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great place to work.

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

    I have been working at Federal Reserve Board full-time for more than a year

    Pros

    Work / life balance can be very good. Benefits are incredible.

    Cons

    After working here for a few years, exciting developmental opportunities are running out. However, the Board does offer money for you to take classes.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Research Assistant- Research & Statistics Division

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

    I worked at Federal Reserve Board full-time for more than a year

    Pros

    Great experience, great career development, and great if you want to get into a good Econ PhD program.

    Cons

    The work load varies, so sometimes you are super busy, others you are kind of looking for things to do.

  10.  

    Your Results May vary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Research Assistant  in  Washington, DC
    Current Employee - Research Assistant in Washington, DC

    I have been working at Federal Reserve Board full-time for more than a year

    Pros

    Working with incredibly smart people on interesting and important topics. The amount of training and professional development is immense in terms of acquiring new skills (say, statistical programming) and knowledge (about the part of the economy or markets your section covers). Relatively efficient for a bureaucracy.

    Cons

    Pay is way below other options, even with in the federal reserve system. There is a severe lack of intermediate positions to be promoted into. Do your 2 or 3 years and move on unless you have a phd. Some of the technology used can be a bit out dated.

    Advice to ManagementAdvice

    There need to be more positions for intermediate for research assistants to be promoted into that is more akin to a Junior Economist rather than a Financial Analyst. It makes no sense to train students for 2 or 3 years and essentially give them the boot.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Great experience -- one of best in government

    • 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 Board for more than 8 years

    Pros

    Interesting work at high level
    Decent work/life balance usually
    Collegial
    Great benefits

    Cons

    Slow promotion
    Lack of management transparency
    Sometimes long hours for needless reasons

    Advice to ManagementAdvice

    Better insight into career advancement/more training

    Recommends
    Positive Outlook
    Approves of CEO

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