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Federal Reserve Bank (NY) Reviews
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    Federal Reserve Bank (NY) Reviews

    Updated October 12, 2018
    221 reviews

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    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
    107 Ratings

    221 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 65 reviews)

    • "Great benefits, latest tech, nice work environment" (in 24 reviews)

    Cons

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

    • "Work life balance during peak season is nonexistent" (in 6 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. "Rewarding"

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

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

      Pros

      You'll learn a lot of skills and get to grow with a cohort of other analysts. Bosses provide a mentor-like relationship.

      Cons

      The cubicle farms are dreary.

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

    3. "Analyst"

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

      I worked at Federal Reserve Bank (NY) full-time (More than 3 years)

      Pros

      Great benefits, latest tech, nice work environment

      Cons

      No work life balance, no clearly defined objectives, fear made it hard to relate with top management

      Advice to Management

      There's need for transparency in goal setting, proper training before people are transitioned to roles, a more open HR policy

    4. "Markets Analyst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Market Analyst in New York, NY
      Former Employee - Market Analyst in New York, NY
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

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

      Pros

      Good benefits and you can't get fired no matter how bad you are at your job.

      Cons

      Career growth is slow and depends on office politics. Bad managers are promoted purely because they know the right people, or have stayed around longest. There are no checks on bad management such as manager reviews or skip levels. Even when it was very clear that certain groups were unhappy with management, no steps were taken to improve the situation, really the only way to get out of the cycle was to leave to another group or another job, which plenty of people did.

      Advice to Management

      Don't be so insecure. Managers feel like they can't acknowledge their faults or the faults of their work environment. Because of this they either try to cover up problems or just ignore them until there is an emergency. This just amplifies the problems that are already there.

    5. "Public Servants at heart"

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

      I worked at Federal Reserve Bank (NY) full-time (More than 5 years)

      Pros

      There is a feeling there that you are working *with* bright people that are truly invested in promoting a healthy economic system.

      Cons

      You are never quite sure who you are really working *for*.

    6. Helpful (1)

      "This employer is known to chew up and spit out their employees."

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

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

      Pros

      This company is staying in business for some in the future.

      Cons

      However do not let make one think of any kind of job security. Besides, the pay scale is bottom o' the barrel!

      Advice to Management

      Treat your workers a little better.

    7. Helpful (1)

      "Decent place to work but no growth."

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

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

      Pros

      Good Work life balance, pays very well and good benefits.

      Cons

      Work can be very repetitive. Hard to learn new skills. If you are looking for challenging work and to develop your skills, then this is not the place for you.

      Advice to Management

      I would appreciate if Management can recognize talent and provide a pathway for growth to talented employees.

    8. "Good balance"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee
      Recommends

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

      Pros

      Educational growth and work life balance

      Cons

      Compensation
      Bureaucracy
      Sometimes slow to act

    9. Helpful (4)

      "Immature Management in Common Services"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Manager Common Services in New York, NY
      Former Employee - Manager Common Services in New York, NY
      Doesn't Recommend
      Neutral Outlook

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

      Pros

      Very good cafeteria in both builidings

      Cons

      In Common Services group Management is Aggressive, Immature and Egotistical. They do not understand how to communicate with or motivate high quality engineers. Regarding the Artificial Intelligence and Big Data areas they are only starting and have no vision or understanding of their capabilities.

      Advice to Management

      Hire more mature management that understands how to motivate high quality engineers.

    10. Helpful (2)

      "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.

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