Federal Reserve Bank of Dallas Employee Reviews | Glassdoor

Federal Reserve Bank of Dallas Reviews

Updated January 31, 2017
72 reviews

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Full-time Part-time

4.2
Star Star Star Star Star
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Federal Reserve Bank of Dallas President Robert Steven Kaplan
Robert Steven Kaplan
15 Ratings

72 Employee Reviews

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Pros
  • Growth, Learning, Garage Parking, Advancement, Work Life Balance (in 11 reviews)

  • The pay is only ok, but they make up for it with great benefits and work environment (in 13 reviews)

Cons
  • Executive and senior management expected high quality work product from research staff (in 3 reviews)

  • Very little opportunity for career advancement unless someone above you retires (in 2 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (3)

    "Great Mission, Great People"

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

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

    Pros

    The opportunity to support the financial health of the nation along with the employment status of its citizens provides a sense of meaningful work that can't be over-estimated. The people are respectful and helpful and the benefits are good. The organization is stable and it offers a number of development opportunities that are not always seen in other organizations.

    Cons

    The organization is very risk-adverse and as such is slow to make change. Like most organizations, employee satisfaction is often linked to the relationship one has with your manager and your co-workers.

    Advice to Management

    Continue to work at exploring ways to develop others and to allow for good ideas to flourish.


  2. "Boring but dependable"

    Star Star Star Star Star
    • 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 Dallas full-time

    Pros

    The work is truly 8-4:30. Unless you are an examiner, or in some cases IT.

    Cons

    Not alot of "out fo the box" thinking. But really, who wants a regulator trying unproven strategies

    Advice to Management

    Not sure


  3. "QA"

    Star Star Star Star Star
    • 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

    Pros

    Good benefits, management is friendly, work life balance is great, and slow-medium work. The Fed is one of the safest place in the current job market.

    Cons

    The life can be quite boring from time to time, but it is a meaningful work. Hard to be recognized for your work.

    Advice to Management

    Keep up what you are doing, but try to recognize individual excellence and reward. Thanks for being so friendly and kind.

    Federal Reserve Bank of Dallas Response

    Feb 21, 2017 – HR Internet Analyst - Social Media

    Thank you for taking time to write a review and share your experience. We consider your review a "learning and growth opportunity" and will share your comments with our management team.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Great place for those who work well with others and analytical types."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Dallas, TX
    Current Employee - Anonymous Employee in Dallas, TX
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Above average development opportunities, Challenging and meaningful work. Data-driven organization. High average tenure. Great benefits. Positive contributions to the community.

    Cons

    Strong separation between executives and staff; however work is being done to tear down barriers.
    Currently in a state of change due to leadership changes; again, not necessarily negative.
    Annual merit increases typically 3% or less.

    Advice to Management

    Continue to highlight the importance of behavior that aligns with the organization's core values.


  6. "FRB Internship"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Dallas, TX
    Former Employee - Intern in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great people. Very small company feel despite it being 1000 or more people.

    Cons

    Slower paced work than private sector.


  7. Helpful (1)

    "Very Stable and Ethical. Not very Exciting"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Architect in Dallas, TX
    Former Employee - IT Architect in Dallas, TX
    Recommends
    Neutral Outlook

    Pros

    Stable employer. They rarely downsize and usually give long lead times.
    unrivaled benefits. Dollar for dollar match up to 6% + additional 1%. you put in 6% you save at a rate of 13%. Plus a pension plan. health benefits are outstanding.
    secure environment. very high physical and information security. best in the financial sector
    easy to stay. if you do your job and don't break the rules, you will not get fired.

    Cons

    slow pace. very consensus-based environment. inherently conservative culture
    easy to stay and slow means a lot of mediocrity in certain functions. This makes it hard to stay motivated to excel
    slow upward mobility. it is hard to stay the course as the carrot for advancement is very far away.
    In some areas, "glass ceilings" exist. Some managers are prone to distrust certain demographics.

    Advice to Management

    When high performers don't go anywhere in their careers, find out why. When high performers stop being high performers, find out why.


  8. "Bank Examiner"

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

    Pros

    Pension and benefits are very good.

    Cons

    Working in downtown Dallas is awful. Traffic has become unbearable. Stay away from downtown, only the executives who live in the Park Cities like it.

    Advice to Management

    Telecommute as many people as you can.


  9. "In General, Good"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Has a very friendly community

    Cons

    Sometimes is very slow paced


  10. "Great Place"

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

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

    Pros

    -Knowledgeable management throughout all levels
    -Good benefits and pay
    -Care about your career development and will pay for most certifications, training, etc.
    -Will allow you to move between departments if you find a more suitable career path
    -Actively looking to hire younger professionals as the current workforce has become more tenured

    Cons

    -There still exists some small pockets within the bank that can't get past their bureaucratic ways, resistant to change.


  11. "I've only worked here for two weeks but I can say I will probably never leave."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - LDP Position in Dallas, TX
    Current Employee - LDP Position in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The benefits and retirement package with a pension are great. Even though its a big employer it feels like working for a small company.

    Cons

    Everything is so standardized, there isn't much creativity over how you want to do your work. Other than that, no cons so far.



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