Federal Reserve Bank of San Francisco Reviews | Glassdoor

Federal Reserve Bank of San Francisco Reviews

Updated September 26, 2018
124 reviews

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3.8
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Federal Reserve Bank of San Francisco CEO Mary C. Daly
Mary C. Daly
0 Ratings

124 Employee Reviews

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Pros
  • "There are lots of perks, and work life balance is fairly good" (in 40 reviews)

  • "Federal Reserve Bank offers great benefits" (in 22 reviews)

Cons
  • "Advancement opportunities are rare unless you are in BS&R or Statistics" (in 3 reviews)

  • "There is very few opportunities for an intern to be converted into a full-time worker so it may not be worth your time to intern here if" (in 3 reviews)

More Pros and Cons

  1. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in San Francisco, CA
    Current Employee - Manager in San Francisco, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    The Bank is working hard to be more progressive. It also cares about it's people as demonstrated by the commitment to changing the culture. And the benefits are fantastic!

    Cons

    If you're looking to make a big impact fast, you may be less than satisfied at any FRB.

    Advice to Management

    The Federal Reserve System is by nature a conservative, stabilizing entity. That's what it is supposed to be. Yes, be forward looking and find ways to stay current. But don't try to be a tech company. It's not what we are.


  2. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Lead Business Analyst in San Francisco, CA
    Current Employee - Lead Business 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

    Company culture
    Fellow employees
    Challenging projects
    Benefits
    Work-life balance
    Opportunity for growth

    Cons

    Not all departments are the same in terms of opportunities for growth.

    Advice to Management

    Our leadership team is doing the right things. They listen to employees, take their feedback into account, and make appropriate changes.

  3. "Great people to work with and great benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Systems Specialist in San Francisco, CA
    Current Employee - IT Systems Specialist 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

    Benefits and the culture. Continues improvements in creating a better work environment

    Cons

    Change can be slow. Bureaucratic at times

    Advice to Management

    Less silo thinking and more accepting of new and better technology solutions that would help the organization as a whole


  4. "Hypocritical and behind the times"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Program Manager in San Francisco, CA
    Former Employee - Program Manager in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The FRB can be a good fit for some people. If you're looking for a relatively stable job with decent benefits but don't mind suppressing your personality, keeping your head down, taking orders, keeping your opinions to yourself and projecting a positive image no matter what, then you might be a good fit.

    Cons

    If you're looking for a career at the Fed that you can grow and drive and where you want to make a difference, then you'll be disappointed. The Fed is hypocritical and HR says all those things you want to hear. They'll say "we want you to drive your own careers", "present your innovative ideas to your management", "speak up when you see something is wrong" but in reality case after case has proven that they usher those people right out the door. It's the kind of environment where they want you to suppress your personal ethics and don't want you to rock the boat - in that way it's behind the times and will lead to #MeToo problems later. HR Leadership seems to be the worst offenders in this "do as I say, not as I do" mentality. If you don't have to deal with them then you might be OK.

    Advice to Management

    The Bank Leadership and others should look at the feedback that the employees on the IC level are giving you - so often the survey results are suppressed at the Dept. level and nothing ever changes to improve the lack of trust employees have with their management. And Legal should look at all the cash they're paying out to departing employees as a sign that something is rotten in the state of Denmark!


  5. "Financial Analyst"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federal Reserve Bank of San Francisco full-time

    Pros

    Federal Reserve Bank offers great benefits.

    Cons

    Too much focus on managing to improvement survey results. Discourage employees from being honest.

    Advice to Management

    Not all management are created equal. There are good managers and there are bad. Too bad HR always side with the Managers.


  6. Helpful (1)

    "Great changes have been taking place"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

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

    Pros

    Really focused on improving the employee experience.

    Cons

    Change takes time and effort.


  7. Helpful (1)

    "Great Company"

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

    Pros

    Benefits are good and the culture is shifting

    Cons

    Not for me (Entrepreneurial mindset)

  8. Helpful (1)

    "Awesome place to work"

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

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

    Pros

    Great mission and smart people

    Cons

    Expensive cost of living in SF


  9. Helpful (2)

    "Nice people, not a progressive place to work"

    StarStarStarStarStar
    • 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
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    The Fed is a unique place to work with interesting challenges. Many folks here have a long history at the Fed, many approaching 40 years or more. Employees are well treated and respected. There are lots of perks, and work life balance is fairly good. Salary is competitive and it is still an institution of prestige.

    Cons

    Technically it's a non-profit, but it's quasi-government. That means horrible practices, many of which are unique to them. Slow adoption to innovation and extremely risk-aversive, which I don't think its their fault because you are talking about the faith of the US dollar and ultimately the global economy if there is a major incident.

    Advice to Management

    Undertand the unique beast that is the Fed and plan long term strategies to work within those constraints.


  10. Helpful (1)

    "Great place to work helping America's economy!"

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

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

    Pros

    Excellent company, reputation, benefits, management, and co-workers

    Cons

    Offices are located in costly cities


Showing 124 of 144 reviews
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