Federal Reserve Bank (NY) Reviews | Glassdoor

Federal Reserve Bank (NY) Reviews

Updated May 1, 2018
213 reviews

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3.5
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Federal Reserve Bank (NY) President & CEO William C. Dudley
William C. Dudley
104 Ratings

213 Employee Reviews

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Pros
  • Amazing work-life balance, as well as the ability to get involved with every industry in finance (in 63 reviews)

  • Work-life balance, great benefits, collegial environment (in 23 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)

  • The organization is very structured and most decisions has to be made by senior management (in 11 reviews)

More Pros and Cons

  1. "Markets Group Rotational Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Amazing work-life balance, as well as the ability to get involved with every industry in finance.

    Cons

    Located in Financial District, which is hard to get to sometimes. Building is a bit small

    Advice to Management

    Keep up the good work! I loved my time there as an intern over this past summer, and I'm happy that I will be returning for the full-time rotational analyst position!


  2. Helpful (1)

    "Director"

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

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

    Pros

    Very rewarding experience, you learn about the Fed's dual mandate and how the central Bank accommodates the monetary policy. Cordial atmosphere and diverse workforce.

    Cons

    Career advancement a bit slow, so if you are on an accelerated or fast track career path, Fed is not the place for you.

  3. Helpful (1)

    "Great Place to Work"

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

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

    Pros

    Excellent benefits, work/life balance and professional opportunities

    Cons

    Certain decisions made by committee due to the organizational structure (12 reserve banks and the board of governors)

    Advice to Management

    Focus on key businesses and risks


  4. Helpful (1)

    "Only if you know somone"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    flexible work schedule is the only thing that keeps me here

    Cons

    This place is a world of it's own, a culture of it's own. They talk about diversity and inclusion, yet discriminate against their own employees advancement. An outsider is permitted to apply for a position that a current employee can't if it is more than two pay grades above their current one, even if they meet all of the qualifications. This is truly asinine. And certain positions are looked down upon in this place. And it's all about who you know not what you know.

    Advice to Management

    Practice what you preach.


  5. Helpful (3)

    "Strong work-life balance, great benefits, collegial environment - limited career growth"

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

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

    Pros

    Work-life balance, great benefits, collegial environment

    Cons

    Tenure (length of service) matters more than quality of work product or new ideas

    Advice to Management

    Incorporate more senior-level turnover to provide growth opportunities and career paths for mid-level staff and to deepen the "talent bench"


  6. "compliance associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    interesting place to work in compliance

    Cons

    work can get repetitive sometimes


  7. "Summer Analyst"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Absolutely LOVED the program. It was great experience and the best exposure into financial services. It is a very selective program, but one that is highly respected.

    Cons

    None! Great place - N/A

  8. Helpful (10)

    "Workplace that does not promote diversity, inclusion or equal opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Bank Examiner
    Current Employee - Bank Examiner
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Intelligent staff, challenge work

    Cons

    If you are not Republican it will be a very difficult place to work!!!

    One of my managers told me that i better become Republican or i will never get ahead at the Fed. My SSO and DSSO constantly discussing and imposing republican views on the team, including openly discussing how much they dislike immigrants and minority. Number of employees complained to HR, but HR always looks the other way.


  9. "Senior Analyst"

    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

    Pros

    Interesting work with broad asset class exposure.

    Cons

    Strenuous commute from New Jersey.


  10. Helpful (2)

    "IT Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Manager in New York, NY
    Current Employee - IT Project Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Work-life balance is great. The telecommuting policy allows most staff to work from home once to twice a week. The Bank benefits are also extremely competitive.

    Cons

    The organization is very structured and most decisions has to be made by senior management. The organization is very siloed.


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