Federal Reserve Bank of Philadelphia Reviews | Glassdoor

Federal Reserve Bank of Philadelphia Reviews

Updated February 1, 2017
31 reviews

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Full-time Part-time

3.8
Star Star Star Star Star
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Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker
Patrick T. Harker
6 Ratings

31 Employee Reviews

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  1. Featured Review

    Helpful (6)

    "Analyst"

    Star Star Star Star Star
    • 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
    Positive Outlook
    Approves of CEO

    Pros

    Great company with opportunities to learn what impact the Fed plays in the community. Lots of lunch and learns, diversity events, volunteer programs, and tuition reimbursement programs. Benefits are great and come with a pension after five years of vesting. I like the onsite gym and the money/subsidy I get toward my transit expenses. Great cafeteria too.

    Cons

    Not enough indoor parking spaces, but I get 60 a month toward my transpass.


  2. "FRB Philadelphia - What a Great Community Workplace!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Friendly co-workers make for a great community-type working environment, excellent benefits, and everyday work has real-life implications and effects.

    Cons

    Some employment positions, depending upon the department in which you work, do not have much upward mobility.


  3. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I worked at Federal Reserve Bank of Philadelphia full-time

    Pros

    Meaningful, challenging work. Great opportunities in financial reporting.

    Cons

    Not as fast paced as private sector


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Great benefits and ok pay.

    Cons

    Not progressive. Bank should try to come into this century with its procedures and policies.

    Advice to Management

    Come into this century


  6. Helpful (1)

    "Great experience and great people"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Hospitality Assistant in Philadelphia, PA
    Former Employee - Hospitality Assistant in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Federal Reserve Bank of Philadelphia (Less than a year)

    Pros

    Good management, considerate of workload, always generous and happy to give you new opportunities and promotions

    Cons

    Not any that I can think of

    Advice to Management

    Hire someone to specialize in a position instead of dispersing roles


  7. Helpful (2)

    "Retail Risk Analysis"

    Star Star Star Star Star
    • 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

    There is a real freedom to pursue your research interests and voice your opinion. The benefits are good with a month vacation to start. The location is great too: right in old city and China town. Everyone is very open and friendly.

    Cons

    The pay is below average for the Federal Reserve system. There is a lack of management direction in meetings or on major projects. Many adhoc requests from the Board of Governors can turn an calm day into a frantic one.

    Advice to Management

    Provide more control during meetings. Increase salaries to be in line with the rest of the Federal Reserve.


  8. "Summer Internship 2016"

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

    Pros

    World-famous and prestigious organization, award-winning building management team, large number of scholars in their field, high-standard of professionalism, very supportive managers and co-workers, every employee on every level are treated with respect

    Cons

    It's only an internship. Won't be able to contribute to the organization when I leave

    Advice to Management

    Keep up the standards


  9. Helpful (2)

    "Mixed bag"

    Star Star Star Star Star
    • 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
    Approves of CEO

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

    Pros

    Decent health and retirement benefits, solid organization not going to close up shop any time soon, interesting work, public service, very diverse staff

    Cons

    Too many outdated practices, procedures, and policies; life-work balance/flexibility varies from department to department; lousy PTO program; difficult to move any project through all the layers of approval; little to no career advancement opportunity in some job families

    Advice to Management

    Get rid of some of the draconian policies and procedures


  10. Helpful (4)

    "Good benefits, awful bureaucracy"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst
    Current Employee - Analyst
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Real pension and 401k matching.
    Basically impossible to get fired after probation.

    Cons

    Meetings to discuss whether we should have meetings to discuss which projects we should schedule planning meetings for.
    Incompetence and inefficiency are not punished.

    Advice to Management

    Get rid of terrible managers.


  11. Helpful (2)

    "Office Automation Support"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good benefits
    Pension
    If you have a good work ethic, its easy for you to stand out

    Cons

    No innovation
    Most people work at a slow pace
    Management is worried about appeasing their bosses at the expense of their team
    Has help desk functions, and in the banking industry at this level you may deal with some "important" people

    Advice to Management

    Invest in your people



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