Federal Reserve Bank of San Francisco Reviews | Glassdoor

Federal Reserve Bank of San Francisco Reviews

Updated April 20, 2017
101 reviews

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Full-time Part-time

3.6
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Federal Reserve Bank of San Francisco President & CEO John C. Williams
John C. Williams
52 Ratings

101 Employee Reviews

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Pros
  • Work / life balance is valued highly; most people don't have to work that hard (in 34 reviews)

  • Very great benefits and low-stress environment (in 20 reviews)

Cons
  • Senior management prefers "technicians" rather than staff with strong "people skills (in 5 reviews)

  • All new ideas should go though a lot of approvals (in 4 reviews)

More Pros and Cons

  1. "Great Place to Work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of San Francisco full-time (More than 10 years)

    Pros

    Hard working, innovative forward thinking organization

    Cons

    Federated structure - collaboration is essential if you want to get things done

    Advice to Management

    Never rest, question authority, keep up the good work


  2. "Overall, good experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great benefits.
    Colleagues are pleasant.
    Ethical culture.
    Lots of training opportunities.
    People are impressed when you mention that you work here

    Cons

    Slow pace
    Can be hard to get job done due to restrictions
    Experience may differ significantly depending on who manager is


  3. "Great place to work - we do it for the mission."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in San Francisco, CA
    Current Employee - Senior Analyst in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Collaborative work culture
    The Mission: very meaningful work that has direct impacts on society and the economy.
    People are very approachable
    Decisions are fact- and mission-driven
    There is a preference to be thorough rather than making a quick decision at any cost.
    Good work-life balance

    Cons

    Not at the frontier of new technology
    Risk adverse, which can be conservative in its thinking

    Advice to Management

    Keep on creating an inclusive and diverse work-culture that fosters collaboration
    Be ambitious and think bold


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


  5. "Good work life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Systems Analyst in San Francisco, CA
    Current Employee - Senior Systems Analyst in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Surprising for organization this size and very conservative banking industry - this organization offers the best work and life balance and unparalleled benefits. If you are close to retirement age - hard to find a better place to land a job then FRB.

    Cons

    May not be dynamic enough place for younger and career grows hungry. Due to size of organization and culture which relates promotion to seniority, you may have to wait for a long time before you see a promotion.

    Advice to Management

    In order to stay competitive and innovating in an ever changing technological environment, there needs to be a shift of priorities - from seniority to merit. Move young and hungry in charge of innovation at a company.
    Also while being risk averse is important, it should not be done at a price of innovation and time lost. The technology is changing banking landscape and how financial transactions will be done in near future. The banks who will understand those upcoming changes and adopt will stay and those who resist will be swept away.
    Federal Reserve Bank needs to try to stay closer to a forefront of banking innovation.


  6. "Project Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Analyst in San Francisco, CA
    Current Employee - Project Analyst in San Francisco, CA
    Recommends
    Approves of CEO

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

    Pros

    Very great benefits and low-stress environment

    Cons

    Things move slowly in a start-up environment


  7. Helpful (4)

    "Culture change - not all for the good."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Negative Outlook

    I worked at Federal Reserve Bank of San Francisco full-time (More than 5 years)

    Pros

    Excellent benefits, pension plan, and 401k. Mostly excellent people that work there with long tenure.

    Cons

    Culture has changed dramatically over the last 18+ months. New department leadership from the outside has senior management believing the crap that spews out of their mouths. Morale, particularly in my old department is extremely low - 8 people have left in the past 18 months (out of a department size of 25).

    Advice to Management

    Follow the numbers - if it quacks like a duck, walks like a duck, then it must be a duck. Look at the turnover numbers in certain departments and the higher the number, the bigger the issue - not with the people, but with leadership!


  8. "Ok place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in San Antonio, TX
    Current Employee - Manager in San Antonio, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work life balance. Salary is competitive. Mission is critical to the economy. Downtown location. Subsidized cafeteria. Transportation subsidy. Great benefits.

    Cons

    Typical large bureaucracy with politics change is very slow. Culture is very risk averse. There are many poor performers that are tolerated by the organization.

    Advice to Management

    Bring fresh perspectives and take more risks.


  9. Helpful (1)

    "Phenomenal culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Positive Outlook

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

    Pros

    Great organization with a meaningful mission and culture that works together to achieve it. Outstanding place to start a career

    Cons

    Bureaucratic foundation, trying to change but still lots of red tape and long drawn out processes for moving forward

    Advice to Management

    Hold employees accountable to commitments and work to really identify/resolve issues that affect performance


  10. Helpful (1)

    "Good benefits but highly political environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Program Team Manager in San Francisco, CA
    Former Employee - Program Team Manager in San Francisco, CA
    Recommends
    Neutral Outlook

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

    Pros

    The benefits such as pension and healthcare are amazing. Plus I truly believe in the mission of the Federal Reserve and that is strives to do the best thing for the consumers and nation.

    Cons

    The environment is highly political and cut throat. I would not trust anyone because they will throw you under the bus if it would benefit them. Furthermore most employees are waiting out retirement and do as little as possible.

    Advice to Management

    Conduct 360 anonymous reviews.


  11. Helpful (3)

    "Recently headed downhill"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    I worked here for over 5 years. This used to be a really great place to work. Good benefits and generally good hours. There are really smart people working in some departments. The resources are in place to make this a great place again.

    Cons

    Compensation is a really problem in almost every department. Lately management wants a lot more but isn't willing to pay what it takes compared to the industry. In general management has really taken a negative approach to how they motivate staff but seem to be trying to show to the public the opposite.

    Advice to Management

    Take a closer look at all middle management and make people truly accountable. Institute rotational programs so people don't get trapped for 10 years in the same job. Get rid of the leadership program, everyone agrees it's terrible and doesn't work. Stop making decisions in a vacuum, reach out to the companies that literally surround the SF office.


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