Federal Reserve Bank of Dallas Reviews | Glassdoor

Federal Reserve Bank of Dallas Reviews

Updated October 18, 2018
102 reviews

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3.9
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Federal Reserve Bank of Dallas President Robert Steven Kaplan
Robert Steven Kaplan
42 Ratings

102 Employee Reviews

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Pros
  • "Relaxed environment with a good work-life balance and even a cafeteria" (in 17 reviews)

  • "Great Benefits, work life, holidays, vacation" (in 17 reviews)

Cons
  • "Sometimes deadlines outside our control (legislated/mandated) can impact work life balance" (in 7 reviews)

  • "Just be prepared to deal with quite a bit of bureaucracy and red tape to get work done" (in 7 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. "good place to learn"

    StarStarStarStarStar
    • 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

    Pros

    Staff is incredibly responsive to any questions or concerns. Many opportunities to learn every day.

    Cons

    n/a .

  3. "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.


  4. "Good place to work"

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

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

    Pros

    Great benefits and perks, onsite fitness center, cafeteria, nice people, generally good work life balance, good learning/development opportunities, and career growth opportunities

    Cons

    Overly bureaucratic, work life balance applies to certain departments/positions


  5. "Great Culture & Benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources in Dallas, TX
    Current Employee - Human Resources 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

    Working at the Fed is a rewarding experience where employees can expect a collaborative work environment where diverse ideas are encouraged and respected. The company has great benefits including zero deductible health plans and an onsite fitness center. The bank offers a stable work environment that most would be proud to call their home away from home.

    Cons

    The bank can be slow to incorporate the latest technologies and advances in the workplace. Change is slow and often met with resistance. Senior leadership recognizes this issue and is taking steps to change the culture around risk taking.

    Advice to Management

    Continue to invest in the employees - The Fed is a great place to work!!


  6. "Ok"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good benefits, generally good people, some learning opportunities.

    Cons

    Promotion process can be unclear and frustrating. It’s an impossible place to work if you upset the wrong person. Some work groups are overworked with less work/life balance.

    Advice to Management

    Don’t throw the baby away with the bath water. Also, it’s really unprofessional to play favorites and Officer-level and up is guilty of that.


  7. "Fake folks."

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Nice cafeteria with sufficient customer service skills.

    Cons

    Some people are not how they initially portray themselves.
    They pretend to listen.

    Advice to Management

    Diversity means hiring to coincide with demographical numbers. Hiring folks from minorities to replace all the majority does not make you diverse. In fact, it looks foolish and is bad for business.

  8. "2018 Internship"

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

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

    Pros

    - Open culture that encouraged professional growth
    - Opportunity to meet employees at all levels of the Bank (including the President!)
    - Helped interns learn more about the System

    I completely underestimated how beneficial this internship would turn out to be. I expected to be a coffee-running intern, and ended up contributing to some major projects! Everyone has been extremely supportive and open to helping me figure out what I want my career to look like in the future.

    Cons

    Since the Fed is a non-profit organization, it was hard to have Bank sponsored intern events that mirrored those of some for-profit companies, which made it more difficult for the interns to really get to know each other.

    Advice to Management

    Continue to encourage and support the interns!


  9. Helpful (1)

    "Payroll Specialist"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Benefits, people, ability to work from home,

    Cons

    worked with very negative person

    Advice to Management

    recognize bullying that goes on.


  10. Helpful (2)

    "A good place to work, but very political."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Federal Reserve Bank of Dallas full-time (More than 8 years)

    Pros

    Benefits are unsurpassed. Depending on what department you work for, you have the potential to receive numerous incentive bonuses as well.

    Salary ranges are fair, but could use a little work. Some roles do not match the actual work performed.

    Cons

    Department communication needs quite a bit of work (from Executive level down). Poor or lack of communication between groups tends to cause extra workload.

    Depending on your department, work / life balance can be a struggle.

    Very political environment. If you like this type of thing, then this is the place for you. Just be prepared to deal with quite a bit of bureaucracy and red tape to get work done.

    The number of continuous background (criminal and financial) checks can be stressful.

    Advice to Management

    Don't let employees "Retire in Place". This will cause you more harm in the long run as other employees will get frustrated and start looking outside of the FED for opportunities.

    Be honest with your employees. Many members of management tend to keep things close to the vest and refuse to include or engage the employees that are the subject matter experts. Management does not know everything.


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