Federal Reserve Bank (NY) Reviews | Glassdoor

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Federal Reserve Bank (NY) Reviews

Updated February 12, 2018
211 reviews

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3.3
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Approve of CEO
Federal Reserve Bank (NY) President & CEO William C. Dudley
William C. Dudley
103 Ratings

211 Employee Reviews

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Pros
  • The bank strives to ensure a good work life balance/ (in 61 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 12 reviews)

More Pros and Cons

  1. "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


  2. Helpful (2)

    "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"

  3. "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


  4. Helpful (7)

    "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.


  5. "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.


  6. 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.


  7. "Sr. IT Risk Associate"

    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

    Dedicated to public service and for public good

    Cons

    People management is lacking since most of senior management are PhD

  8. "Great place to work for"

    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

    Good career path. Awesome learning opportunity. Surrounded by many experts.
    Unlike what public may believe, intense yet respectful environment to get things done.

    Cons

    Of course every company has some issues, and there is nothing out of ordinary.

    Advice to Management

    none


  9. Helpful (1)

    "Great place to learn about banking industry"

    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

    Working as a regulatory analyst, I found it to be a great place to learn about organizations across the banking industry.

    - Great exposure to risk management industry
    - Positive and sociable people
    - Great work/life balance
    - Great insurance benefits
    - Great retirement perks (including pension and retirement plan)

    Cons

    - Difficult to progress quickly up the ranks
    - Stodgy culture in some functional areas
    - Complacent behavior can be discouraging for go-getters.

    Advice to Management

    Reward great workers
    Give junior analysts exposure and chance to take risks


  10. Helpful (3)

    "Very homophobic culture"

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

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

    Pros

    Flex Fridays, location, interesting work

    Cons

    Very homophobic place to work. Senior managers openly discriminate against LGBT and minority and get away with it. Supervision division is the worst and I would not recomnend working there.


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