Federal Reserve Board Reviews

Updated February 20, 2015
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  1. 1 person found this helpful

    Run, dont walk!

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

    I worked at Federal Reserve Board full-time (more than 10 years)

    Pros

    The benefits. Other than that, I have nothing to offer.

    Cons

    When I started at the FRB, it was a wonderful place to work but it has continously gone down hill. The mid level and senior level department managers are not qualified to hold their positions. Perhaps it was unique ot my department but it is a good back to get stabbed in the back. The Fed is so out of touch with the real world.

    Advice to ManagementAdvice

    Take a hard look at your lower level management staff and consider making some changes. They are under qualified for the positions they hold. Set up a genuine grievance committee like the Fed of yester years. Human Resources does not listen and take complaints seriously.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 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 (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.

  3. 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 (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
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  5. 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 (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
  6. Research Assistant

    • Comp & Benefits
    • Work/Life Balance
    • 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 (more than 3 years)

    Pros

    Closely working in an academic environment. You bosses are very smart an really take an interest in you. There is a built in social scene with many other 22 y/o starting their first job with you. Can really help you get into PhD programs.

    Cons

    The pay is not as good as other options. Sometimes the work can be quite tedious. It is a little overwhelming at the beginning.

  7. Great place to work with a lot of smart and dedicated public policy professionals in economics, law, and finance.

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

    I have been working at Federal Reserve Board full-time (more than 3 years)

    Pros

    Great learning opportunities; decent work/life balance; excellent compensation and benefits package

    Cons

    Not your traditional government agency (i.e., most people work hard at the Fed -- which is a good thing)

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful

    Great Opportunity

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

    I worked at Federal Reserve Board full-time (more than 10 years)

    Pros

    Great training and room for advancement

    Cons

    Nothing negative to state about the FRB

    Positive Outlook
    Approves of CEO
  9. 3 people found this helpful

    Good working environment

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

    I have been working at Federal Reserve Board full-time (more than 3 years)

    Pros

    Good work/life balance
    Paid time off
    Education Assistance

    Cons

    Opportunities for Advancement
    Bureaucratic
    Management competence is lacking

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful

    Great company to work for, but not for everyone. Those looking for a social environment beware.

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

    I have been working at Federal Reserve Board as an intern (less than a year)

    Pros

    -doing good work
    -intelligent people to work with
    -good, central location in DC
    -opportunities to move up or to get subsidized higher education

    Cons

    -very academic environment (could be a pro)
    -not very social, limited team bonding
    -age segregation
    -higher level staff can sometimes be unaccessible to lower level staff

    Recommends
    Positive Outlook
    Approves of CEO
  11. Good place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service in Kansas City, MO
    Current Employee - Customer Service in Kansas City, MO

    I have been working at Federal Reserve Board full-time (more than 10 years)

    Pros

    Great benefits - 401k, health insurance, pension, fitness facility & cafeteria. Pay is pretty competitive - maybe a little on the lower side starting off. Working from home is available to more employees when weather conditions are poor.

    Cons

    Many supervisors are very young so you are their learning field.

    Advice to ManagementAdvice

    Management has improved a lot through the years. Overall, they do a good job.

    Recommends
    Positive Outlook
    Approves of CEO

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