Federal Reserve Bank of Philadelphia - work with federal reserve bank is so good. after retirement | Glassdoor
There are newer employer reviews for Federal Reserve Bank of Philadelphia
There are newer employer reviews for Federal Reserve Bank of Philadelphia

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"work with federal reserve bank is so good. after retirement"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Settlement Clerk
Current Employee - Settlement Clerk
Recommends
Approves of CEO

Pros

benefits are so. good. .work is over load

Cons

some times management are not satisfied

Other Employee Reviews for Federal Reserve Bank of Philadelphia

  1. Helpful (3)

    "Great place to learn/ Great benefits - Low pay/no career advancement"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CA Examiner
    Former Employee - CA Examiner
    Doesn't Recommend
    No opinion of CEO

    Pros

    -Great benefits, 401k and time off. 9/80 Schedule (every other Friday off)-Tuition Reimbursement-Excellent professional development- unlimited learning opportunities through firm classes.
    Decent technology-Exposure to hot button items facing financial institutions today.
    Ultimately- you are a public servant. This is reflected in your salary...

    Cons

    -Pay is low. Examiners pay scale is b/t 48-85k depending on your experience. Mgrs make just under 100k. Maybe slightly higher if they have a specialty.  Don't bank on making six figures unless you are an officer. That can take over a decade- unless you come in with tons of experience. If you come here- your best bet is to come as a specialist- for the best compensation. Honestly, this would be the best job if they could bump the pay about $20-30k.

    -Little to no career advancement. Don't bank on becoming a mgr or supervising examiner (equiv of mgr) until 8-10 yrs of serivce at best. To be fair, this is mostly due to the small size of the bank and the district it serves; however if you read other Fed bank's websites (NYC, Rich), they all note the same issue. If you are ambitious, fast paced/A-type personality and want to move up relatively quickly- this is not the place to do it. Not at all.

    -Travel. You live on the road mostly. Usually to crappy towns 2-3-4 hours outside of Phila. Good thing is that you can accumulate enough points on your hotel rewards to take advantage of the great time off. Hope your older like me and your kids are grown and out of the house.....

    Think about it this way: If you want money, recognition, and dynamic environment- Don't come here.If you want  great professional development, work life balance, good people, slow pace and to serve the public- this is it.

    Advice to Management

    Create more rotational opportunities for examiners.
    Pay more.
    Create better advancement opportunities.


  2. "Management Trainee II"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Management Trainee II in Philadelphia, PA
    Current Employee - Management Trainee II in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of Philadelphia part-time (More than a year)

    Pros

    There is always a lot to learn. Upper management is really friendly. Depending on who is your boss, you will have a lot or less work to do. One of my best internship experience. Upper management are really open minded to new ideas. So please share them. You will not get in trouble even if you are ideas are bad or wrong. You will lose opportunities if you stay quiet and do not speak up. Making mistakes is fined, but please do not do it so often as I have.

    Cons

    Upper management is always busy. They usually do not have time to look over those who are new. They expect new comers to contribute a lot in a short amount of time. Sometimes instructions for tasks are not so clear.

    Advice to Management

    Please do a better job in monitoring new interns or workers. We know you are super busy. But this would help a lot.

There are newer employer reviews for Federal Reserve Bank of Philadelphia
There are newer employer reviews for Federal Reserve Bank of Philadelphia

See Most Recent

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