Federal Reserve Bank of Boston Reviews | Glassdoor

Federal Reserve Bank of Boston Reviews

Updated March 25, 2019
73 reviews

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3.8
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Federal Reserve Bank of Boston President and CEO Eric S. Rosengren
Eric S. Rosengren
43 Ratings

Employee Reviews

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Pros
  • "Work Life Balance is also great" (in 22 reviews)

  • "Great benefits; great people working for economic stability and positive impact in New England" (in 8 reviews)

Cons
  • "My experience was really good, so no cons from me" (in 2 reviews)

More Pros and Cons

  1. Helpful (4)

    "Be celebrated for your mediocrity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Corporate Communications in Boston, MA
    Current Employee - Corporate Communications in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Working in Corporate Communications is like dating a narcissist. Remind them every day how smart and clever they are, laugh the loudest at their jokes, and whenever they ask for your opinion, tell them you agree with whatever they think. Follow these simple rules and you will do just fine. If you would like to be hired for your knowledge and experience and then have a less qualified person tell you that you don't know what you're doing all day, this job is for you. They will happily take the credit for your successes and leave you holding the bag for their failures.

    Cons

    No cons. It's a great work environment!

    Advice to Management

    Please stay distant, passive aggressive and above it all. Continue to let middle management run things. All the employees are very happy to be involved in their ongoing drama and politics.


  2. "Good and bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant
    Former Employee - Administrative Assistant
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Great pay and benefits

    Cons

    Passive aggressive , top heavy, favoritism

    Advice to Management

    Stop playing favorites

  3. "Awful place to work"

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

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

    Pros

    right next to south station. dim sum is only a few minutes away.

    Cons

    management plays favorites, not open to ant new ideas, and tends to be very nasty/rude
    inflexible
    stodgy
    old school
    ultra conservative
    stuck in past


  4. "Great company"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federal Reserve Bank of Boston full-time

    Pros

    Great company. Awesome Benefits. No work from home.

    Cons

    No work for home. Slow pace.


  5. "Okay"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Bank of Boston full-time

    Pros

    Good Pay and Benefits. Also, one of the few companies with a good pension plan.

    Cons

    Hard to move unless you are related or connected.

    Advice to Management

    NONE


  6. "Associate DevOps Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate DevOps Engineer in Boston, MA
    Current Employee - Associate DevOps Engineer in Boston, MA

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

    Pros

    Good banafits and compensation. Good views & opportunities.

    Cons

    Not enough work from home flexibility. Expensive time consuming commute and parking.


  7. "Hit or miss"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Assistant in Boston, MA
    Current Employee - Research Assistant in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Build a close relationship with an established economist, get hands on experience with research and policy. Great place to build resume for applying to PhDs, or decide if a PhD is right for you. Good work/life balance (experience may vary). On-site gym.

    Cons

    Experience is very dependent upon how well you mesh with your economist. No internal mobility.

  8. "Intern"

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

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

    Pros

    Fantastic people and amazing work life. I worked in the research department for a senior economist ( policy advisor)-he and his research assistant turned out to be my best mentors. They are all very friendly, super smart and yet very humble and funny. It's definitely the best place for students looking to get a graduate degree in economics: a lot of people in their reviews complained about the environment being too "academic "... well that's the whole purpose of working for an economist / in the research department right?? Definitely recommend to anyone who really wants to be exposed to hands-on macroeconomics and policy research-- very unique and sure as hell makes you stand out when you apply anywhere else(exit opportunities are fantastic in the field of economics). Fair warning: you may get too attached emotionally to the work and people here ... happened to me as an intern and thus I was heartbroken to not have an offer for the full time RA position because of my citizenship status (trust me my economist wanted me and was disappointed to know he couldn't hire me either). Overall wonderful wonderful place. My review may be biased because it was my dream to work at the Boston fed, and I surely got to live it, but it's also true that the experience as an intern would forever be my best memory. So much so, that I will take all the memories I have had here with me to my grave. ❤️

    Cons

    None. I kid you not. None. I really can't think of anything bad since they treated me so kindly: they did more for me in terms of enriching me "human capital" haha.

    Advice to Management

    Maybe know well about the citizenship requirements better ...but I thank HR and the administrative manager for doing so much to make sure I got the internship ❤️


  9. "Amazing institution doing amazing work"

    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 of Boston full-time

    Pros

    Great benefits; great people working for economic stability and positive impact in New England.

    Cons

    Conservative and highly bureaucratic in structure

    Advice to Management

    Continue to move diversity and inclusive priorities from conversation to practice


  10. "Intern"

    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 of Boston part-time

    Pros

    Good management and great culture

    Cons

    Tough mobility yet decent atmossphere

    Advice to Management

    Promote faster