Federal Reserve Bank (NY) Reviews
Updated Oct 21, 2021
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Found 328 of over 376 reviews
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"Great benefits and work life balance" (in 82 reviews)
"Great benefits with 401k and pension and generous vacation days" (in 37 reviews)
"Total salary including benefits is significantly better per hour compared to similar positions in the private sector" (in 14 reviews)
"White women are 65% of the Open Markets Desk's senior management" (in 12 reviews)
Ratings by Demographics
This rating reflects the overall rating of Federal Reserve Bank (NY) and is not affected by filters.
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- Current Employee★★★★★
Pros
Managers are very flexible with when/where you get your work done.
Cons
Change is slow due to politics and bureaucracy.
- Current Employee★★★★★
Pros
Good benefits, good name on resume
Cons
Bureaucratic organization that could do well with forward thinking policies
- Current Employee, more than 1 year★★★★★
Pros
Amazing benefits, work-life balance, knowledgeable folks
Cons
complacent culture, lots of turnover
Continue reading - Former Employee, more than 5 years★★★★★
Pros
excellent benefits including a pension plan
Cons
people are leaving in droves due to very poor leadership, especially in HR...they are not living their values
- Former Employee, more than 3 years★★★★★
Pros
Good health insurance benefits, interesting programming put on both in person and virtually for employees to attend. The name brand recognition is helpful on a resume.
Cons
There is little to no onboarding given to most employees. Prospective employees should be incredibly wary of who they will be reporting to. It is difficult if not unheard of for poor managers to receive any type of correction or feedback. If you report to a difficult manager, your prospects are limited to posting to another role or leaving the organization all together. The culture is incredibly hierarchical and decisions are often changed at the last minute on the whims of senior leadership. This leads to a frustrating experience as an employee, with almost every project turning into a last minute stress filled fire drill. You will often hear stories of how the organization was a great place to work, with good work life balance and benefits. These comments are always made in the past tense-not the present.
Continue reading - Former Employee★★★★★
Pros
Great people and many development opportunities
Cons
Can be on the slower side if you are young and aggressive.
- Current Employee★★★★★
Pros
Great atmosphere and environment, wonderful coworkers
Cons
Slower moving and no bonuses
- Current Employee, more than 5 years★★★★★
Pros
Great mission and great people. Very team-oriented and collaborative culture where people are working together for the greater good. There's great cross functional mobility and opportunity to move around within the Bank and the broader system.
Cons
Very bureaucratic organization that can at times stifle creativity and innovation. Bringing projects and initiatives to fruition can take a very long time. Behind on technological advances and methodologies - just starting to use agile.
- Current Employee★★★★★
Pros
Everyone’s very helpful and open.
Cons
No cons at the moment.
- Current Employee, more than 10 years★★★★★
Pros
Great people, good benefits and flexible
Cons
Sometimes there is a lot of red tape that holds progress back
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