Federal Reserve Bank of Boston Reviews | Glassdoor

Federal Reserve Bank of Boston Reviews

Updated March 26, 2018
68 reviews

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3.8
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Federal Reserve Bank of Boston President and CEO Eric S. Rosengren
Eric S. Rosengren
43 Ratings

68 Employee Reviews

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Pros
  • Work Life Balance is also great (in 23 reviews)

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

Cons
  • great deal of travel and relatively flat organization mean that there are somewhat limited opportunities to advance into new positions (in 2 reviews)

More Pros and Cons

  1. "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 ❤️


  2. "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.

  3. "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


  4. "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


  5. "mid level manager"

    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 (More than 5 years)

    Pros

    commitment to public service; in my department true commitment to work-life balance, pay & benefits are very good

    Cons

    the cons that come with a large bureaucracy; micromanagement; difficult to effect change;


  6. Helpful (3)

    "HR is not there to help you"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    I worked at Federal Reserve Bank of Boston full-time

    Pros

    Top management is great. Everyone is very polite and friendly.

    Cons

    I was being treated unfairly by my immediate supervisor and it was being ignored by the department manager. I spoke to HR who told me there was nothing they could do and I was let go within a month due to corporate restructuring.


  7. "specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Neutral Outlook
    Approves of CEO

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

    Pros

    flexibility in work schedules, 4 day weeks

    Cons

    administrative red tape, management, pay

  8. "management"

    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

    Collaborative culture and mission driven work

    Cons

    Slow decision making and too much consensus

    Advice to Management

    empower


  9. Helpful (3)

    "A pleasant place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Treasury Operations Supervisor in Boston, MA
    Current Employee - Treasury Operations Supervisor in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Friendly culture and great work environment. They practice what they preach when it comes to diversity and being a good corporate citizen.

    Cons

    Limited opportunities due to federal cost cutting. Mixed culture of employees who have been at the bank for decades and employees who have been there five years or less. Older employees are sometimes slow to make / adopt changes.

    Advice to Management

    Modernize the operation. Provide incentives for some of your established workers to retire to bring in fresh ideas with a newer workforce that has had exposure to current workplace practices.


  10. Helpful (1)

    "Good place but needs improvement"

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

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

    Pros

    Benefits are great. 401k and pension as well as company match. Work at home allowed in some departments and when bad weather happens. Free gym onsite and discounted food in cafe

    Cons

    Lack of opportunities to move to other departments. The only way you will get to another department is if you know someone. Even then getting hr to respond or help is slim To none. Emails and phone calls to recruiters go unanswered or you get an "I'll get back To you" and never do.other HR areas are ok but need improvement

    Advice to Management

    HR managers should focus on keeping current employees that are good and looking to move within the fed. The vibe that is being given off now is that HR has no interest in helping employees.


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