FDIC Reviews | Glassdoor

FDIC Reviews

Updated June 14, 2017
298 reviews

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Full-time Part-time

298 Employee Reviews

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Pros
Cons
  • Additionally, there is a lot of travel (in 11 reviews)

  • The travel aspect of job can get a little demanding, and compared to the private sector, the wages might leave a little more to be desired (in 11 reviews)

More Pros and Cons

  1. "Great place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Risk Management in North Kansas City, MO
    Former Employee - Risk Management in North Kansas City, MO
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at FDIC (More than 3 years)

    Pros

    Generally, management is supportive and respectful. For the most part, positive growth and teamwork is present among co-workers. Employees are dedicated and hard workers.

    Cons

    Some minor politics exist within the organization but much less than other companies and organizations I had experience with.

    Advice to Management

    None. They are awesome managers.


  2. "Division of Resolutions and Receiverships"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Liquidations in Dallas, TX
    Current Employee - Liquidations in Dallas, TX
    Negative Outlook
    Disapproves of CEO

    I have been working at FDIC full-time (More than 8 years)

    Pros

    The failed bank liquidations area (formerly Division of Liquidations, now DRR) is essentially a start-up whenever a banking crisis hits. Rapid corporate infrastructure ramp-up, rapid staff-up. Hence, there are opportunities for very creative, interesting work where self-motivated staff are empowered to build multi-billion dollar asset management and marketing programs on the fly and basically from the ground up. Also, despite massive HR/hiring structural defects, many of the term employees brought in during a financial crisis are high-performers and exceptional team members. The pay/benefits are also good as would be expected for federal work.

    Cons

    You don't have to work if you don't want to - and you still get paid. (Unfortunately, this is a "Pro" for many employees, especially permanent staff.) Relatedly, hiring 'preferences' mean that certain groups are automatically hired/promoted regardless of best qualified. Because underperformers effectively cannot be fired, it is not a meritocracy and there is not a sustainable culture of productivity or high-performance.

    Advice to Management

    Eliminate hiring preferences. Eliminate use of OPM hiring. Eliminate MWOB contract award preferences. Eliminate program of hiring staff at young age that effectively have never and will never have a real-world job and so have no concept of competitive market forces and the resultant value of productivity, continual improvement, and creative destruction. Eliminate the concept of 'permanent' positions - set term limits for all employees.


  3. "A good experience overall"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Institution Specialist in Seattle, WA
    Former Employee - Financial Institution Specialist in Seattle, WA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at FDIC full-time (More than a year)

    Pros

    Heavy focus on training and development. Coworkers and supervisors all want you to succeed (though this can vary by office). A good amount of variety since you usually rotate assignments and coworkers every few weeks or so. Work-life balance is strongly applied, except for the extensive travel. Great benefits package.

    Cons

    Very structured job, especially at the beginning of your career. The tasks and what is expected of you are well-defined, and you have few opportunities to branch out and try new or unconventional things in your work. The organizational politics between the national, regional, and field offices get tiresome, as can the constant travel.

    Advice to Management

    Promote the culture you want from the top down, and don't be afraid to try new things.


  4. "Risk Management Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Risk Management in Minneapolis, MN
    Current Employee - Risk Management in Minneapolis, MN
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at FDIC (More than a year)

    Pros

    good challenge, supportive coworkers, work-life balance

    Cons

    bureaucracy, slow-moving hiring process, silo problems between departments


  5. "Excellent Benefits, Much travel"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bank Examiner in New York, NY
    Former Employee - Bank Examiner in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at FDIC (More than 3 years)

    Pros

    Excellent Medical and financial benefits. Includes access to Federal Credit Union.

    Cons

    There is generally weekly travel.


  6. "Financial Institution Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Institution Specialist in Brookline, MA
    Current Employee - Financial Institution Specialist in Brookline, MA
    Positive Outlook
    No opinion of CEO

    I have been working at FDIC (More than a year)

    Pros

    Training. Direct interaction with bank executive management.

    Cons

    Lots of travel and hotels


  7. "Resolutions and Receiverships Technician"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at FDIC full-time (More than 5 years)

    Pros

    Great people, very knowledgeable and willing to pass on the experience.

    Cons

    After 6 years, build relationships and hard to leave people, as many were retirees rehired during the crisis and New Term Employees and leaving.


  8. "More Travel Than Realized"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Management Scholar in Oklahoma City, OK
    Current Employee - Financial Management Scholar in Oklahoma City, OK
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at FDIC (Less than a year)

    Pros

    Good pay for an internship, nice, pro-question atmosphere.

    Cons

    Excessive travel, untimely notification of job acceptance, and too much downtime.


  9. "Senior Financial Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Analyst in Washington, DC
    Current Employee - Senior Financial Analyst in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at FDIC full-time (More than 8 years)

    Pros

    I've worked here for 10 years, good advancement and promotion opportunities, good people, good training and benefits. Consistently rated as the best place to work in the Federal Government.

    Cons

    Can get stuck or pigeon holed in certain areas. Working downtown makes finding housing hard, and work-in place / telework not as accommodating as it should be.

    Advice to Management

    Expand work-in place and telework to allow employees greater flexibility in choosing housing options further away from DC.


  10. "Investigations Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investigations Specialist in Jacksonville, FL
    Former Employee - Investigations Specialist in Jacksonville, FL

    I worked at FDIC full-time (More than 5 years)

    Pros

    Great Place to work with good managers to work for

    Cons

    Government red tape slows performance


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