Federal Reserve Bank of Dallas Reviews | Glassdoor

Federal Reserve Bank of Dallas Reviews

Updated January 31, 2019
112 reviews

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4.0
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Federal Reserve Bank of Dallas President Robert Steven Kaplan
Robert Steven Kaplan
50 Ratings

Employee Reviews

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Pros
  • "A commitment to work/life balance" (in 24 reviews)

  • "The company has great benefits including zero deductible health plans and an onsite fitness center" (in 21 reviews)

Cons
  • "Sometimes deadlines outside our control (legislated/mandated) can impact work life balance" (in 9 reviews)

  • "Slow to change, but undersatnd the need" (in 5 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (1)

    "Great place to work"

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

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

    Pros

    Strong leadership team, good pay and benefits, excellent work/life balance, strong commitment to volunteerism and community.

    Cons

    Sometimes deadlines outside our control (legislated/mandated) can impact work life balance. When this occurs, senior leadership usually provides support.

    Advice to Management

    Continue to provide the great training and educational opportunities offered to employees.


  2. "Wonderful family oriented culture and professional development programs"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Houston, TX
    Current Employee - Anonymous Employee in Houston, TX

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

    Pros

    Professional development offered is a top benefit, not to mention their tuition reimbursement, pension plan AND 401k plan. Medical, dental and vision packages are great.
    Management is open to new ideas.
    Work-life balance is a plus!

    Cons

    Change implementation takes longer than others in the industry.

  3. "Beware"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager
    Current Employee - Manager
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Health benefits, building security, onsite parking.

    Cons

    The Federal Reserve Bank of Dallas is plagued with laziness and entitlement from years of stagnant movement among staff. The recruiters will display the long tenures of past employees like a badge of honor while in reality this only serves as an indicator of lacking new talent and ideas.

    Poor decisions are made consistently at varying levels of management. Leaders are too cautious to terminate those who produce poor work product, lack the necessary skills, or spread toxic behavior. Often top performers will depart the bank to seek other employment due to lacking opportunities and leadership's ignorance to recognize outdated strategies and solutions.

    Applicants should beware the organization will do anything to attempt to convince you of the advancement opportunities. However, you will spend years with little movement and almost a decade before you are even considered for a leadership role; and this applies even to top performers.

    There is a large and growing problem with entitlement among staff. Many of the long tenured staff have idled through their careers only to voice concern for advancement towards the end as new professionals enter the workforce. Discrimination and other exacerbated claims are thrown around here quite loosely in order to push personal agendas.

    You MUST be well versed in bureaucracy. Don't expect leaders to act with professionalism or respect. Often you will succeed in this organization if you can fit within the above for-mentioned culture. Working here is almost the equivalent of a twilight zone.

    Advice to Management

    Time to move on!


  4. Helpful (1)

    "Culture is changing for better"

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

    I worked at Federal Reserve Bank of Dallas full-time

    Pros

    Work/Life balance; implementing diversity and inclusion programs

    Cons

    Still have silos and favoritism in some areas; culture slow to change


  5. Helpful (1)

    "A Mixed Bag"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - SQA Engineer in Dallas, TX
    Former Employee - SQA Engineer in Dallas, TX
    Recommends
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Employees are friendly and many feel like family
    Great benefits (medical, food, gym)
    Annual training budget

    Cons

    Extremely short-sighted about which initiatives to finance
    Incompetent people are not pressured to improve
    Significant workplace politics in some departments

    Advice to Management

    Let your employees try new things, care far less about who is going to pay for important things


  6. "Good Opportunity"

    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 Dallas full-time

    Pros

    Great benefits including health care, and retirement/pension plans. On site perks such as a cafeteria, Starbucks, and on site parking garage. Many learning opportunities and classes to take on your own time. Security is top notch. Long interview process, and multiple site visits required but worth it in the end (if you get the job).

    Cons

    Office atmosphere of gossip and negative comments. Others have expressed concerns about the retention of quality employees, and not being able to go to their management with issues.


  7. "Excellent Employer"

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

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

    Pros

    -Family Oriented Culture
    -Amazing benefits
    - Work/Life balance

    Cons

    -Ability to move up quickly due low turnover rate

  8. "An opportunity to work in a great place!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Analyst in Houston, TX
    Current Employee - Systems Analyst in Houston, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Strong sense of leadership
    Outstanding work/school/life balance
    Outgoing projects for community involvement
    Strong sense of family orientation
    Diversity encouragement
    Stable work place environment
    Employee retention is valued
    Great educational opportunities
    Leaders/Executives are open and make time for employees

    Cons

    Change is slow... that’s it.

    Advice to Management

    Continue to take employees thoughts or emotions into consideration when change or new initiatives are taking place in the bank and allowing this place to feel like home!


  9. "Great place to start a career"

    StarStarStarStarStar
    • 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 a year)

    Pros

    Amazing benefits! Very stable. Feels like a family. Flexible work arrangments and good work/life balance.

    Cons

    More traditional work environment. Long tenures. In a growth/transition period as people in leadership retire. Risk averse.

    Advice to Management

    Continue to listen to new ideas and be willing to take new chances.


  10. "Examiner"

    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

    Pros

    Tremendous learning opportunity. Great leaders to learn from.

    Cons

    Promotion or moving up in ranks may take time.