KEY NOT FOUND: coverImgAlt
Logo

Federal Reserve Bank of Cleveland

Is this your company?

Federal Reserve Bank of Cleveland

Add a Review

Federal Reserve Bank of Cleveland Reviews

Updated Dec 27, 2021

To filter reviews, or .

Found 81 of over 92 reviews

3.4
54%
Recommend to a Friend
58%
Approve of CEO
Federal Reserve Bank of Cleveland President/CEO Loretta J. Mester
Loretta J. Mester
31 Ratings
Pros
  • "Great benefits health, vision and dental(in 16 reviews)

  • "Good benefits and a cheap place to leave(in 7 reviews)

  • Cons
  • "Location in downtown Cleveland was the only issue for me(in 3 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    What people are saying about Federal Reserve Bank of Cleveland

    Join the conversation on
    Join the conversation on
    1. 5.0
      Current Employee, more than 3 years

      A great place to work and grow

      Dec 27, 2021 - Anonymous Employee in Cleveland, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The mission, benefits, flexibility, and development opportunities

      Cons

      Like any organization, there are office politics, but overall it’s a great place to work and people are friendly, respectful and professional

      Be the first to find this review helpful
    2. 1.0
      Current Employee, more than 3 years

      Don’t do it

      Dec 11, 2021 - Law Enforcement Officer in Cincinnati, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Pay is ok and benefits are exceptional.

      Cons

      Law Enforcement Unit is ran by bureaucrats that promote backstabbing. They talk about innovation, but when you bring thing to them the say, “Put than in an email.” Never to be heard of again until a year later when they are taking credit for your idea. Management is clueless and only promotes yes people that are as incompetent as themselves. It is the Peter Principle to the 100th power. They have bullies in management that get off by messing with their employees. It is high school all over.

      Continue reading
      Be the first to find this review helpful
    3. 4.0
      Current Employee, more than 1 year

      Cushy at a Cost

      Nov 3, 2021 - Scrum Master in Cleveland, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Excellent pay and work/life balance

      Cons

      Siloed organization, slow to accept/initiate change

      Continue reading
      Be the first to find this review helpful
    4. 5.0
      Current Employee

      Federal Reserve Bank

      Oct 18, 2021 - Senior Bank Examiner in Pittsburgh, PA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Culture, Benefits, Ethical, Work/Life Balance

      Cons

      Employees are held to same standards as government (such as when salaries are frozen), even though it is not a government entity.

      Be the first to find this review helpful
    5. 2.0
      Current Employee, more than 8 years

      Trending down quickly

      Oct 11, 2021 - Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Co-workers and benefits are great. Compensation is good.

      Cons

      Leadership has begun going back on their word and act as is they are parents of staff. To correct either previous racist/sexist policies or to check woke boxes, recent promotions almost 100% filled by minority members. Get on the HR led liberal freight train or get run over (disappointing for an ‘apolitical’ organization).

      Continue reading
      2 people found this review helpful
    6. 5.0
      Current Employee, more than 10 years

      Great place to work

      Oct 20, 2021 - Anonymous Employee in Cleveland, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great work life balance Mission oriented

      Cons

      There are no downsides to working at the Bank

      Be the first to find this review helpful
    7. 5.0
      Current Employee

      Great place to work

      Oct 8, 2021 - Research Economist in Cleveland, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Excellent benefits Smart and talented colleagues

      Cons

      Can’t think of any really.

      Be the first to find this review helpful
    8. 2.0
      Current Employee

      Could be a toxic place

      Oct 23, 2021 - Senior Research Economist in Cleveland, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good benefits and a cheap place to leave

      Cons

      An underrated Fed as an employer

      Be the first to find this review helpful
    9. 4.0
      Current Employee

      good workplace, slow advancement

      Jun 24, 2021 - Examiner in Cleveland, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      work is interesting and challenging

      Cons

      slow advancement, career path is not as well defined post entry level

      Be the first to find this review helpful
    10. 2.0
      Current Employee, more than 10 years

      Culture

      Jul 8, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The Bakn has wonderful benefits and amazing people on my team.

      Cons

      The management does not follow what they preach. They want opinions that match their own or you fall to the bottom of the list. they don't value experience.

      2 people found this review helpful
    Viewing 1 - 10 of 81 Reviews

    Federal Reserve Bank of Cleveland Reviews FAQs

    Federal Reserve Bank of Cleveland has an overall rating of 3.4 out of 5, based on over 92 reviews left anonymously by employees. 54% of employees would recommend working at Federal Reserve Bank of Cleveland to a friend and 57% have a positive outlook for the business. This rating has improved by 1% over the last 12 months.

    According to anonymously submitted Glassdoor reviews, Federal Reserve Bank of Cleveland employees rate their compensation and benefits as 4.4 out of 5. Find out more about salaries and benefits at Federal Reserve Bank of Cleveland. This rating has improved by 9% over the last 12 months.

    54% of Federal Reserve Bank of Cleveland employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Federal Reserve Bank of Cleveland 4 out of 5 for work life balance, 2.9 for culture and values and 3 for career opportunities.

    According to reviews on Glassdoor, employees commonly mention the pros of working at Federal Reserve Bank of Cleveland to be coworkers, career development, benefits and the cons to be senior leadership, culture, management.

    Popular Careers with Federal Reserve Bank of Cleveland Job Seekers

    JobsSalariesInterviews

    Work at Federal Reserve Bank of Cleveland? Share Your Experiences

    or