Federal Reserve Bank (NY) Reviews | Glassdoor
Federal Reserve Bank (NY) Reviews
Companies
  • Jobs
  • Companies
  • Salaries
  • Interviews

    Federal Reserve Bank (NY) Reviews

    Updated October 15, 2017
    198 reviews

    Filter

    Filter

    Full-timePart-time
    3.3
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    Approve of CEO
    Federal Reserve Bank (NY) President & CEO William C. Dudley
    William C. Dudley
    96 Ratings

    198 Employee Reviews

    Sort: PopularRatingDate
    Pros

    • The bank strives to ensure a good work life balance/ (in 57 reviews)

    • Good place as a fresh college graduate but slow sometimes; great benefits (in 25 reviews)

    Cons

    • Location, the stigma of working for the government, and the fact that pay isn't as much as it would be in the private sector (in 13 reviews)

    • Conservative environment, lack of upward mobility, huge generation gap between low level employees and senior management (in 9 reviews)

    More Pros and Cons

    1. "FRB"

      StarStarStarStarStar
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee

      I have been working at Federal Reserve Bank (NY) full-time

      Pros

      Great Life and work balance

      Cons

      Slow career movement and minimal year end increases

    2. "Great Benefits, Great Research, Nasty Politics"

      StarStarStarStarStar
      Former Employee - Anonymous Employee in New York, NY
      Former Employee - Anonymous Employee in New York, NY
      Recommends
      Positive Outlook
      Approves of CEO

      I worked at Federal Reserve Bank (NY) full-time

      Pros

      In the Department of Research and Statistics you're encouraged to take classes, sit in on seminars, and you work with some smart economists. The benefits are excellent and the work life balance was great. There are also incredibly smart people to work with.

      Cons

      The politics are nasty and there's too much nepotism. The cliques amongst European and Asian expats is particularly offputting. The pay is not competitive.

      Advice to Management

      More heterogeneity amongst the economists and the RAs. The work-life balance is key to keeping good people.

      3. Join the Federal Reserve Bank (NY) team
      See Our Latest Jobs

    3. "Law Enforcement Officer"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee in Minneapolis, MN
      Former Employee - Anonymous Employee in Minneapolis, MN
      Recommends
      Neutral Outlook
      No opinion of CEO

      I worked at Federal Reserve Bank (NY) full-time (More than a year)

      Pros

      Good pay, benefits, hours, management

      Cons

      Okay supervisors, so so select co-workers

    4. Helpful (1)

      "Great place to work"

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

      I have been working at Federal Reserve Bank (NY) full-time (More than a year)

      Pros

      Benefits, paid time off and healthy work environment

      Cons

      Work life balance during peak season is nonexistent

    5. "Politics, Politics, Politics"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I worked at Federal Reserve Bank (NY) full-time

      Pros

      The benefits are pretty solid, and the flex schedule is quite nice.

      Cons

      This is one of the most petty, political workplaces I've ever encountered. Lots of lifers whose only skill is ensuring that their fiefdoms remain intact. Frequent instability and restructuring, and an overly "corporate" culture despite the fact that this is a quasi-governmental organization. Overly vindictive HR department.

      Advice to Management

      Remember the organization's roots and its real stakeholders.

    6. "Balanced Employer"

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

      I have been working at Federal Reserve Bank (NY) full-time (More than 10 years)

      Pros

      There is a strong pull for work-life balance.
      They try to provide you with resources that would assist you in professional and personal development.

      Cons

      It is difficult to move to different positions within the Bank.
      Lack of transparency for advancement

      Advice to Management

      It would be beneficial to the Bank to incorporate employee feedback in strategic objectives.

    7. "Good benefits and Flex Fridays"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee
      Doesn't Recommend
      Positive Outlook
      Approves of CEO

      I have been working at Federal Reserve Bank (NY) full-time

      Pros

      You get other other Friday off as a Flex Day.

      Cons

      You may have to work long hours or on weekends depending on your role.

      Advice to Management

      Ease the deadlines to make them more reachable.

    8. "Associate, Markets Group"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Associate in New York, NY
      Current Employee - Associate in New York, NY

      I have been working at Federal Reserve Bank (NY) full-time (More than 3 years)

      Pros

      Great work-life balance and benefits.

      Cons

      The management is totally clueless when it comes to retaining talent and rewarding hard work. It is very easy to become complacent if you are not a naturally motivated person.

    9. Helpful (2)

      "Business Man"

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

      I have been working at Federal Reserve Bank (NY) full-time (More than 5 years)

      Pros

      Covered parking, They pay for school, great health plan, and good fitness center.

      Cons

      Slow advancements, some manager are unprofessional, not willing to train, Do not hire within as much, and bad structure.

      Advice to Management

      Pay people based on their performance, and help people move to position that best fit them and the bank.

    10. Helpful (1)

      "Typical Government Job"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Senior Business Analyst in New York, NY
      Current Employee - Senior Business Analyst in New York, NY
      Doesn't Recommend
      Neutral Outlook
      Disapproves of CEO

      I have been working at Federal Reserve Bank (NY) full-time (More than a year)

      Pros

      The pay is below market but benefits are good. You will never be asked to work overtime or even work hard.

      Cons

      Many of the employee's skills are outdated. Would be a horrible place to start a career in tech or Business Intel. The FED is about 10 years behind on software and infrastructure. If you are motivate to bring the FED to the 21 century you may be fired - no one wants to do any work that will require current employees to upgrade skill set.

      Advice to Management

      Need to hold people accountable for not keeping skills up to date. Must reward people on accomplishments and not how long they have been with the company.

    Showing 198 of 218 reviews
    Reset Filters