FDIC Reviews | Glassdoor

FDIC Reviews

To filter reviews, or .

Found 386 reviews

3.9
StarStarStarStarStar
Rating TrendsRating Trends
81%
Recommend to a Friend
80%
Approve of CEO
Jelena McWilliams
12 Ratings
Pros
Cons
  • "Lots of Travel around the state(in 16 reviews)

  • "The FDIC maintains an archaic system of placing their examiners in "field offices"(in 16 reviews)

More Pros and Cons
  1. Helpful (3)

    "My Perspective - 4.5 years at FDIC NYC"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Institution Specialist/Financial Institution Examiner in New York, NY
    Recommends
    No opinion of CEO

    I worked at FDIC full-time for more than 4 years

    Pros

    Benefits/Environment: As many other reviews have outlined, the FDIC has unbeatable benefits and work/life balance, and management truly fosters this mentality/environment. For example, managers/supervisors will work with you as best they can to accommodate you during a hardship, life event, or other personal issues. Furthermore, management rewards those who work hard and have a positive attitude, building a more open...

    Show More

    Cons

    Travel: Regardless of the office (NYC included), the travel is significant the first year as a Financial Institution Specialist (FIS) due to the rotational aspect of the job. Before you choose a division full-time (generally, Compliance or Risk Management), the corporation has you work in each division for periods of 2-6 months. These rotational periods may or may not be in your assigned, permanent city. Salary:...

    Show More
    FDIC2019-04-04
  2. "Frustrating"

    StarStarStarStarStar
      Current Employee - Anonymous Employee 

      I have been working at FDIC

      Pros

      Good pay, good growth opportunities

      Cons

      Entrenched management, Formation of cliques,tendency to group think ,

      Advice to Management

      Don’t block progress, allow for fresh thinking

      FDIC2019-04-20
    • Helpful (3)

      "Great training ground if you want to be a banker"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Senior Bank Examiner In Phoenix in Phoenix, AZ

      I have been working at FDIC full-time for more than 20 years

      Pros

      Work/Life Balance Program, travel bonuses, training to leave the FDIC and find a job making more $$$ as a banker.

      Cons

      Managers rising to their level of incompetence. They may have been great technicians but have no clue about how to manage people. FDIC is famous for promoting good examiners - generally only if you are willing to move to another office, but those who are great with numbers tend to have zero people skills.

      Advice to Management

      Take a look at the people skills before promoting anyone above the journeyman grade. Require real management training. Conduct real 360 degree reviews without punishing people for being honest.

      FDIC2019-03-29
    • Helpful (4)

      "Secure and pays well enough, but boring"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee in Austin, TX
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at FDIC full-time for more than 4 years

      Pros

      Two 401(k) accounts with some degree of matching, good starting salary

      Cons

      Excessive travel, antiquated technology and inefficient methods, horribly boring work.

      FDIC2019-03-20
    • "Reliable Federal government job."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee in Seattle, WA
      Recommends
      Positive Outlook
      No opinion of CEO

      I have been working at FDIC full-time for more than 20 years

      Pros

      Reliable and 40 hours/week with 6 hrs vacation per pay period. Good continuous training. Good pay and 401k in addition to pension

      Cons

      Lots of travel.. 100+ nights in hotels per year.

      Advice to Management

      Keep up the great work.

      FDIC2019-03-06
    • "Financial Institution Specialist"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Financial Institution Specialist 

      I have been working at FDIC full-time

      Pros

      The training and experience are good.

      Cons

      This job requires extensive travel.

      FDIC2019-03-06
    • "Great Company, Great Mission, Great Chairman"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at FDIC full-time for more than 20 years

      Pros

      FDIC has a clear mission that benefits consumers. Our current Chairman is a gem of a person and both incredibly smart while still being down-to-earth and humble. Employees are dedicated to the mission and are very intelligent, friendly, and capable.

      Cons

      FDIC is very operationally focused given its mission and needs to become more strategic. This tends to make us very bureaucratic and siloed. There is an over-reliance on contractors in the IT function and a need for stronger technical skills in some federal IT staff. Personal management review process is antiquated and demoralizing even for top performers.

      Advice to Management

      Decrease dependence on contractors in the IT organization and convert longer-term contracting positions to entry-level and ladder federal employee positions to allow the hiring and retention of younger, technically savvy employees in IT.

      FDIC2019-02-21
    • "Best career move I could possibly have made"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at FDIC full-time for more than a year

      Pros

      Tons of career potential, either internally or in other Govt. Agencies. Not funded through congress, so not affected by govt. shutdowns or related politics. Best retirement benefits, hands down (Pension, 2 concurrent 401(k) options with effective 9% match, Social Security) Great coworkers, everyone knows each other Dependable pay raises as you progress through the first 4 years

      Cons

      You will travel a lot (two weeks or more out of the month) Where you are hired, you will be there for at least 4 years, NO EXCEPTIONS. They are up front about it. Can be difficult to move locations. The most stressful interview I have ever taken.

      Advice to Management

      Keep doing what you're doing.

      FDIC2019-02-19
    • "Great Company"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at FDIC full-time

      Pros

      Great work environment

      Cons

      None problems so far

      Advice to Management

      N/A

      FDIC2019-02-17
    • "Great Benefits"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Financial Management Analyst in Arlington, VA
      Recommends
      Neutral Outlook
      No opinion of CEO

      I have been working at FDIC full-time for more than 4 years

      Pros

      Great benefits including 10% matching on 401k

      Cons

      Can be boring when there is no banking crisis

      Advice to Management

      none

      FDIC2019-02-08
    Found 386 reviews