Federal Reserve Bank of Philadelphia Reviews | Glassdoor

Federal Reserve Bank of Philadelphia Reviews

Updated December 10, 2018
43 reviews

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3.6
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Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker
Patrick T. Harker
12 Ratings

Employee Reviews

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Pros
  • "Really good benefits, competitive, but not outstanding pay" (in 7 reviews)

  • "Great people, food, location, benefits" (in 3 reviews)

Cons
  • "Poor leadership, no growth, no career development, lack of defined strategic plan, mismanagement of top performers" (in 3 reviews)

  • "No longer care about the employees" (in 3 reviews)

More Pros and Cons

  1. "Great Place to WORK"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Specialist in Philadelphia, PA
    Former Employee - Specialist in Philadelphia, PA

    I worked at Federal Reserve Bank of Philadelphia full-time (More than a year)

    Pros

    great hours, incredibly nice people, new gym in basement, new cafe opening soon

    Cons

    depressing office layout, cubicles, offset by beautifully designed building


  2. "Training opportunities"

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

    I have been working at Federal Reserve Bank of Philadelphia full-time (More than 8 years)

    Pros

    Training opportunities available to line staff

    Cons

    Limited training opportunities available to management

  3. Helpful (1)

    "Great job security, behind the times"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Philadelphia, PA
    Current Employee - Analyst in Philadelphia, PA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Federal Reserve Bank of Philadelphia full-time (More than 8 years)

    Pros

    Excellent health benefits
    Flexible work arrangements for some
    On site cafeteria

    Cons

    Archaic policies
    Risk averse, slow innovation
    Promotions based on years of service, not aptitude


  4. "Law Clerk"

    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

    Great people, food, location, benefits.

    Cons

    There are none really, everything was amazing.


  5. "Overall"

    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 Philadelphia full-time (More than 10 years)

    Pros

    great place to start a career, lots of training opportunity

    Cons

    Career development and advancement are limited due to size of organization

    Advice to Management

    Find a way to retain high performing employees


  6. Helpful (1)

    "Programmer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Philadelphia, PA
    Former Employee - Anonymous Employee in Philadelphia, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Federal Reserve Bank of Philadelphia full-time (More than 10 years)

    Pros

    Good benefits. Located near Independence Hall and Old City. There are a lot of street people in that area that constantly harass people for money.

    Cons

    Unstable work environment. No loyalty to employees. They are using antiquated technology and management is not honest with employees about performance evaluations.

    Advice to Management

    Improve communication with employees.


  7. "RAs are agressively under-utilized"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Analyst in Philadelphia, PA
    Former Employee - Research Analyst in Philadelphia, PA
    Doesn't Recommend

    I worked at Federal Reserve Bank of Philadelphia full-time

    Pros

    Never work more than 40 hours and easy to meet expectations.
    Opportunity to do your own research

    Cons

    RAs are severely under under-utilized and lots of down time (Netflix anyone?). Culture is disappointing and lacks visions for improvement.

  8. Helpful (1)

    "Life at the Fed"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Benefits, Pay, Work life, and balance.

    Cons

    Very strict, Lack of growth and development.


  9. Helpful (1)

    "Management Trainee II"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Management Trainee II in Philadelphia, PA
    Current Employee - Management Trainee II in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    There is always a lot to learn. Upper management is really friendly. Depending on who is your boss, you will have a lot or less work to do. One of my best internship experience. Upper management are really open minded to new ideas. So please share them. You will not get in trouble even if you are ideas are bad or wrong. You will lose opportunities if you stay quiet and do not speak up. Making mistakes is fined, but please do not do it so often as I have.

    Cons

    Upper management is always busy. They usually do not have time to look over those who are new. They expect new comers to contribute a lot in a short amount of time. Sometimes instructions for tasks are not so clear.

    Advice to Management

    Please do a better job in monitoring new interns or workers. We know you are super busy. But this would help a lot.


  10. Helpful (1)

    "Not like it used to be"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Graphic Designer in Philadelphia, PA
    Current Employee - Graphic Designer in Philadelphia, PA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    pay is good. So is benefits.

    Cons

    No longer care about the employees

    Advice to Management

    go back to being a family! since new president don't care about employees