Federal Reserve Bank of Dallas Reviews

Pros

Dallas fed cares about it’s people

Cons

There is a tendency to be siloed

Pros

Good benefits, great amenities with employee parking garage, on-site gym, Sodexo ran cafeteria. Made some good long term friends - the non-toxic people.

Cons

Toxic management and long-term personnel with poor performances and poor behaviors. They say mistakes are forgiven, but it is all a lie! They say it is ok if you want to remain an individual contributor, but then are "urged/forced" to take on a mentor and pushed into leadership roles you already said you did not want. DEI is just never going to happen there. Diversity- yes, but only to make a quota. Equity and Inclusion is only if you play their game by their rules and you have to drink the koolaid.

Pros

Most people are kind and supportive Intellectual environment where you are constantly challenged to think Overall collaborative environment Good salary and benefits Generally good hours

Cons

Research department prioritizes citations over normal human behavior, which means economists with 20k+ citations get a green light to run over other economists and research analysts with no repercussions If you say anything, leadership ignores you or explains it away by qualifying unacceptable behavior as normal in the profession, leading to toxic environment (and attrition) in some groups. They do this because if they lose high citation individuals, it impacts the research ranking of the institution.

Pros

Great Benefits Possible to retire from this company.

Cons

A LOT of red tape More concerned with policy and procedure than outcomes Slow to change Behind in technology and structure People can be there for many years but probably shouldn't be. Fear of change by many of the employees. Innovation is not the Feds strong point

Pros

Good benefits, emphasis on learning and development activities.

Cons

Less diversity and slow growth.

Pros

Benefits are really good .

Cons

None I can think of

Pros

Very good work life balance People are amazing Good benefits

Cons

Slow promotions Career growth minimun Low bonuses and raises

Pros

Federal Holidays Off Decent Pay Employment Stability

Cons

Limited Growth Opportunity - Time in Grade Work Life Balance

Pros

New president and CEO is a positive change from former president. People who work at the Dallas Fed are dedicated to the mission and are proud to be part of something bigger than themselves. If working for an organization that is committed to making a difference in the world is what you are looking for, this is a great organization for you.

Cons

This is a company that is quasi-governmental and has oversight from Congress, therefore it has all the cons of a governmental organization. It can be extremely bureaucratic and slow to make decisions. Leadership talks about empowerment, but struggles in putting the words into action.

Pros

Great Benefits and Perks Pension after 5 years Beautiful Building

Cons

Truly a heartbreaking experience. After 4 years of working in the US Treasury dept housed within the Fed, towards the end of my time there I was asked to continue offering a complete lack of service to benefit holders for VA, SSI, and Disability. Our job was to enroll beneficiaries into direct deposit either through their bank or on to a government issued card. It became obvious after my first 3 years that the vendors handling the government issued cards had no interest in even making sure that benefit holders received their money. Every call was typically the anger and/or tears of customers who had no clue where their money was and no way of reaching the vendor to find out where the card was. The contract for these vendors was extended just after a new group of mid-management level staff were hired. As I had been vocal about the fact that all we are talking to are folks that are without their government funds and can't get any assistance from the card provider, my days were numbered. Leadership, upper management, and mid management were aware of the issues with the vendor, and it was obvious they were not willing to sever the relationship. The call center was housed in the basement of the Fed and any chance of moving from that position was next to impossible as I tried on many occasions for promotion. One year before I would be vested in the pension plan with the bank, I was let go with the statement "a lack of confidence." If you can deal with the stress of listening to thousands of veterans and senior citizens beg you to help them. This is the job for you. If you can get your foot in the door through the basement, do everything you can to increase your skills and continue your education to get out and on to upper floor in a more meaningful dept ASAP.