Federal Reserve Bank of Atlanta Reviews | Glassdoor

Federal Reserve Bank of Atlanta Reviews

Updated April 25, 2017
56 reviews

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Full-time Part-time

3.9
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Raphael Bostic
1 Rating

56 Employee Reviews

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Pros
  • Work/life balance is pretty good with the flex schedules (in 11 reviews)

  • Great benefits and work life balance (in 10 reviews)

Cons
  • Office politics, somewhat stodgy (but not stifling) environment in terms of flex schedules and dress code (in 3 reviews)

  • There's a minimum wait of about 7-8 years for onsite parking (in 3 reviews)

More Pros and Cons

  1. "Bank Examiner"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Atlanta, GA
    Current Employee - Anonymous Employee in Atlanta, GA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great Work life balance here.

    Cons

    None to think of at this time.


  2. "Business Analyst II"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst II in Atlanta, GA
    Current Employee - Business Analyst II in Atlanta, GA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good communicators regarding Bank and issues related to the country. Very much a diverse company.

    Cons

    There are too many levels of management to get things approved.


  3. "Federal Reserve"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Desktop Support in Atlanta, GA
    Current Employee - Desktop Support in Atlanta, GA

    I have been working at Federal Reserve Bank of Atlanta (More than a year)

    Pros

    The Federal Reserve is a great environment and they have great people.

    Cons

    The work space is very conservative and sometimes can get boring.

    Advice to Management

    Keep up the good work.


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  5. Helpful (1)

    "Anywhere but Financial Statistics Department"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Financial Statistics Analyst in Atlanta, GA
    Former Employee - Senior Financial Statistics Analyst in Atlanta, GA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Name Recognition
    Learning Opportunities
    Great Location
    Great benefits

    Cons

    Government atmosphere-things move at a glacial pace
    Not very many motivated individuals
    Very complacent individuals who have been there for many many years
    New ideas and innovative technology almost non exsistent
    Below average pay and no bonuses
    Very cult like culture

    Advice to Management

    Overall, the Fed is a good place to work, outside of Financial Statistics. That particular area has extremely high turnover, and management is terrible. They should completely overhaul (replace) the management in that department.


  6. Helpful (1)

    "Great place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Atlanta, GA
    Current Employee - Director in Atlanta, GA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Supportive employer, cutting edge issues, great visibility. You can learn a lot, and meet the movers and shakers of the industry. Great benefits. Easy to want to stay for life.

    Cons

    A lot of corporate politics, as you would expect. Not unbearable.
    No other cons,
    No cons
    No cons
    No cons

    Advice to Management

    Delegate more.


  7. Helpful (1)

    "Anonymous Employee"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous in Atlanta, GA
    Former Employee - Anonymous in Atlanta, GA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great Benefits and work life balance. Some reasonable managers, while others need leadership training due to their sub-mediocre approach to management.

    Cons

    Very dysfunctional and suck-up culture based organization. Promotions are not based on hard-work , however are considered if you are liked and considered as part of the "in" crowd. Engagement surveys are a joke and are not really used to hold management accountable for poor performance/reviews. You can loose your identity conforming to the ways of this organization.

    Advice to Management

    Do something about the engagement survey results. Develop action plans to address poor performing managers and processed. Implement processes to address and deal with the negative attitudes and personalities that are at every level...an ombudsman maybe? Investigate reasons for attrition and position changes. People quit their managers not the organization.


  8. "Great Experience While There!"

    Star Star Star Star Star
    Former Employee - Business Analyst II (Contractor) in Lawrenceville, GA
    Former Employee - Business Analyst II (Contractor) in Lawrenceville, GA
    Recommends

    I worked at Federal Reserve Bank of Atlanta (Less than a year)

    Pros

    Immaculate and well kept building. Great group of people to work with.

    Cons

    It is against policy to allow contractors to work past 1 year.


  9. "Administrative Professional"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Professional in Atlanta, GA
    Current Employee - Administrative Professional in Atlanta, GA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good working environment
    Great benefits
    Rewarding position

    Cons

    No Parking...wait list too long

    Advice to Management

    Please provide parking alternatives besides the one deck where there is a wait list


  10. "LIfe is pleasant if you know how to be nice to the bank no matter what"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Examiner in Atlanta, GA
    Current Employee - Senior Examiner in Atlanta, GA
    Recommends
    Positive Outlook

    I have been working at Federal Reserve Bank of Atlanta (More than 5 years)

    Pros

    Nice 401K, Pension (few employers still offer it), nice building, proud to tell the taxi driver that I work for the federal reserve bank! Work load is reasonable--the only skill needed is how to be nice to the bankers.

    Cons

    Management is too nice to the quants while making the accountants unhappy and stressed out. Some quants try to find wrong doings of the bank, making it stressful for everybody. We don't need these quants. Accountants are doing fine without them for ever. The quants just don't get it--banks would not be safer because you force them to correct their maths models. Banks are safe because the FED always give them money to bail them out. A colleague of ours is the best proof that we do not need any quants here: he is in charge of model risk management in the annual stress test that involve 900 staff nationwide, to make sure the largest banks are doing OK. His job is to make sure all the maths models the banks are using are OK. He knows nothing about maths himself. He cannot tell the difference between a matrix and a calendar. That is how accountants can do just fine even in the examination of maths models.

    Advice to Management

    Should reward only those who know how to maintain a healthy relationship with the bankers. Should fire those quants who get aggressive with the bankers.


  11. "manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Atlanta, GA
    Current Employee - Anonymous Employee in Atlanta, GA
    Recommends
    Positive Outlook

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

    Pros

    Good place to work and offers longevity

    Cons

    Conservative culture slow growth path at times

    Advice to Management

    There is a need to address some issues regarding nepotism


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