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

    Updated December 9, 2018
    227 reviews

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    3.5
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    Approve of CEO
    Federal Reserve Bank (NY) President & CEO William C. Dudley
    William C. Dudley
    109 Ratings

    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 67 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. Helpful (1)

      "Summer Analyst"

      StarStarStarStarStar
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee

      Pros

      Really great people and culture, develop a lot of both technical and soft skills

      Cons

      A lot of meetings, sometimes tedious work

    2. "Great Place"

      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
      Recommends
      Positive Outlook
      Approves of CEO

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

      Pros

      Learning, environment, perks, collegiate, compensation

      Cons

      Bureaucracy, rigidity, slow advancement, red tape

      Advice to Management

      Keep going

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

    3. Helpful (1)

      "Smart People, Too Political"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - IT Manager in Elizabeth, NJ
      Current Employee - IT Manager in Elizabeth, NJ
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

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

      Pros

      Exceptionally smart and decent IT co-workers and training is pretty good. Benefits good. Management cares about your work life balance.

      Cons

      Takes too long to get IT projects into Production. Many fail because of internal politics. Any innovation dies in a stranglehold due to this. Run Build Plan is broken.

      Advice to Management

      Decide what you want for the good of the business. Stop infighting.

    4. "Good place to prep for Ph.D."

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

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

      Pros

      Very collegial and flexible, can work hard if interested and work less if not.

      Cons

      Salary is same as at all Feds, but cost of living is much higher.

    5. Helpful (2)

      "Great place for work life balance but don’t expect to get motivated quickly regardless of the work you put in"

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

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

      Pros

      Excellent work life balance, you get every other Friday off plus all bank holidays plus sick leave

      Cons

      Bureaucracy, don’t get merit based promotions

    6. "Interning at the Federal Reserve Bank"

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

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

      Pros

      Very nice place to work. The people are nice and always happy to answer questions. The cafeteria over there was nice meeting new people in different apartment. The internship was the most enjoyable place to work out.

      Cons

      Couldn't think of any cons , unless you don't like being watch. It is the Feds, of course they would be concern in letting new people in.

    7. "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.

    8. Helpful (2)

      "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.

    9. "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

    10. "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*.