Federal Reserve Bank of Dallas Reviews | Glassdoor

Federal Reserve Bank of Dallas Reviews

Updated May 24, 2018
94 reviews

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4.3
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Federal Reserve Bank of Dallas President Robert Steven Kaplan
Robert Steven Kaplan
36 Ratings

94 Employee Reviews

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Pros
  • Relaxed environment with a good work-life balance and even a cafeteria (in 16 reviews)

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

Cons
  • Sometimes deadlines outside our control (legislated/mandated) can impact work life balance (in 5 reviews)

  • volunteer opportunities are limited to just Dallas mostly, lots of red tape, elitist mentality is prevalent in management staff (in 6 reviews)

More Pros and Cons

  1. 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. "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.

  3. Helpful (1)

    "Talent Acquisition Process"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    The recruiter was phenomenal. She made me understand the company and what the role was about without holding back on the do's and don'ts. As the face of the company, the opinions people grade about a company begins with recruiting and I think the recruiter represents the company well.

    Cons

    So far so good. Nothing negative yet to write about.

    Advice to Management

    Nothing at the moment


  4. Helpful (1)

    "A Healthy Environment, More Flex Please!"

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

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

    Pros

    As many have said, the benefits are hands down the best. I feel appreciated and valued, and I appreciate their efforts on improving diversity, inclusion and encouraging open feedback to management. I wish more people can see how rare and special it is to be in this type of culture as most corporations really don't give a darn if you feel included or not!

    My training opportunities are limitless, and I feel supported to grow and learn. I feel like management really cares about my career growth and will help me get to where I want to be. I've been here less than 6 months and have attended a conference and gained a couple of certifications from training already!

    Cons

    Biggest downside is flexibility. I know what flexibility is, and the Bank is FAR behind in flex schedule. Also, I don't like it when management makes you feel guilty for working from home, going to an appointment, coming in late ONE TIME because your tire went flat, ect.

    There also is a population of those who complain about everything. From not having snacks to having the wrong color of a Christmas tree. Seriously? The "problems" here can be very trivial.

    Advice to Management

    Keep up the good work in being engaged with us. Consider the benefits and increase in productivity if you are truely flexible - aka - get rid of the guilt trip that some of your management imposes!


  5. Helpful (2)

    "Stable jobs, lots of resources, too many misaligned incentives"

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

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

    Pros

    You have plenty of resources at your disposal. You work for a well-know, well-respected institution. Pay is pretty good. The work you do can be rewarding. You can end up in a great department with smart, competent managers.

    Cons

    Incredible amounts of red tape. Too often there are few opportunities for growth, unless you're 'in' with the right kinds of people. People up top have little incentive to hold the people under them accountable, so you can end up in a department with an incompetent manager, or one who just doesn't care, with little opportunity for advancement.

    Advice to Management

    Some departments need a complete overhaul. You're at risk of losing all your employees with fresh perspectives and good work ethic, because people above them 'retire in place,' or have never been held accountable for their laziness.


  6. "Great place to work"

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

    I worked at Federal Reserve Bank of Dallas part-time

    Pros

    Great culture, subsidized company breakfast and lunch, lots of learning opportunities, amazing location in Downtown Dallas near the Arts District.

    Cons

    Very large building to walk around.


  7. "Overall"

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

    Great opportunities to learn and develop

    Cons

    Some seasons are fast-paced, others are little slower. Not bad, just something to take note of.

  8. "Benefits are amazing"

    StarStarStarStarStar
    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

    work life balance is great

    Cons

    change sometimes takes a while

    Advice to Management

    continue to be open minded


  9. "Great environment"

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

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

    Pros

    Great benefits and atmosphere! Off every federal holiday. Stable job security. Very professional colleagues. Family type of environment. Awesome company.

    Cons

    Very labor intensive job. Management can be very out of touch at times. They have a “do what we say” attitude.


  10. Helpful (4)

    "The Fed"

    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 5 years)

    Pros

    - Excellent benefits package including a retirement plan (formerly known as a "pension") and a 401K plan
    - Fitness Center & Cafeteria Onsite
    - Free Secure Parking Garage
    - Stability of the organization
    - Great culture

    Cons

    Base salaries slightly less competitive in comparison with other organizations.
    Vacation time at the 5 year mark should be an additional week instead of one additional day.
    Commute for anyone 20+ miles outside of the downtown area.
    Slower to embrace flexible work schedules, remote work, etc.


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