Federal Reserve Bank of San Francisco Reviews

Updated Jun 22, 2020

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3.6
63%
Recommend to a Friend
100%
Approve of CEO
Federal Reserve Bank of San Francisco CEO Mary C. Daly
Mary C. Daly
12 Ratings
Pros
Cons
  • "Senior management promotes change in culture but tenured managers and officers prevent that from happening(in 6 reviews)

  • "It is due to risk averse nature of the organization(in 5 reviews)

More Pros and Cons
  1. Featured Review

    "Great place to work"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Applications Architect in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of San Francisco full-time for more than 5 years

    Pros

    Great benefits. Opportunities to work from home when needed and overall good work like balance

    Cons

    Bureaucratic processes that you never really get used to but this is true for other corporations too.

  2. "Great Benefits"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Police Sergeant 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of San Francisco full-time for more than 8 years

    Pros

    Great benefits and employee support programs.

    Cons

    Some senior leadership is very resistant to change.

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  3. "Great place to work - mission driven with great culture"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Talent Acquisition in San Francisco, CA
    Recommends
    Positive Outlook

    I worked at Federal Reserve Bank of San Francisco full-time for more than 3 years

    Pros

    - Strong belief in inclusion & diversity - Very employee centric that is reflected in the level of the benefits - Very comprehensive health care benefits - Unique 401K plan than has 7% matching on 6% employee contribution - Pension - Commuter Subsidy - Truly strives for good work/life balance overall - Excellent tuition reimbursement program

    Cons

    Evolving culture with the goal to be better. So you need to be open to change for the right reasons.

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  4. Helpful (3)

    "Good institution but poor IT department"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - IT Analyst in South San Francisco, CA
    Negative Outlook
    Approves of CEO

    I worked at Federal Reserve Bank of San Francisco full-time for more than 3 years

    Pros

    6% 401k match, great health insurance, lots of paid vacation, generous sick leave, work remotely

    Cons

    Bad IT department management, verticals reporting structure, no career growth, frugal on training, uses outdated technology, unqualified managers stifle technology advancement and innovation.

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  5. Helpful (5)

    "BIG BROTHER, horrible management and low pay"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Credit Review Analyst in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Federal Reserve Bank of San Francisco full-time for more than 8 years

    Pros

    Job security, benefits (health and retirement), and respected by other financial institutions.

    Cons

    Human resources and VPs of FISC allow horrible managers and directors to go unchecked when multiple complaints are reported, employees leave due to bad management, difficult to get a pay increase or recognition (you are expected to perform at the next level with no date in site for next pay upgrade), directors are rotated to different departments - wreak havoc - and then rotated out again, without getting a good grasp for the dept or its employees, and bad behavior goes unchecked for managers and directors while regular employees are called out for the smallest of things (i.e clocking in and out for non-exempt employees - if you accrue 15 min OT you are dinged by your manager, and other times they monitor badge swipes to see when you arrived and departed the building), but pay is POOR.

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  6. Helpful (4)

    "Golden handcuffs"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - IT Professional in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Federal Reserve Bank of San Francisco full-time for more than 10 years

    Pros

    benefits (401k, pension, FSA, commuter subsidy, discounted daycare)

    Cons

    technical obsolescence, vertical career opportunities

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  7. Helpful (3)

    "Conflicted place to work"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager 
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Federal Reserve Bank of San Francisco full-time for more than 3 years

    Pros

    Benefits and stability. People are nice. If you are at the end of your career, this is a great place to work.

    Cons

    Extremely political and bureaucratic ways of getting things done. Senior management promotes change in culture but tenured managers and officers prevent that from happening. Most of top leadership have egos and can’t be challenged. There is also some weird popularity where some people who are liked can do what they want and those that actual can produce do not get the right kind of recognition. Management is not pushed to develop people. HR is so disorganized in how they role things out.

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  8. Helpful (4)

    "Shady leadership"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Federal Reserve Bank of San Francisco full-time for more than 3 years

    Pros

    Benefits are great and pay is not bad.

    Cons

    Where to begin?! Leadership is lacking, they don't even have experience in their own areas. So there's no real direction from them. HR encourages employees to speak up but they just care about engagement scores. Worst offenders of all! No real change except top management moves around and if they like you, you get promoted. You don't even need to know what you're doing. Those who can leave, eventually leave, so talent is walking out the door. Great managers are hard to find, bureaucracy prevents anything from changing and if you voice concerns it's swept under the rug. Waste of resources, especially when those are effective only get more work while the useless are just taking up space and spending money frivolously. Typical government that way. Office politics rein supreme here!

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  9. Helpful (5)

    "Troubling management culture remains after years of efforts to adopt more modern practices."

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Information Technology in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Federal Reserve Bank of San Francisco full-time for more than 10 years

    Pros

    Excellent benefits. Great pension plan: includes health care. Great place to work if you're lucky enough to have good managers i your department.

    Cons

    Great pension plan : top heavy organization, many people especially middle managers hanging on for the pension benefit despite not enjoying their job for the payoff at the end. The resulting politics are opaque and frustrating for employees. Employees DO NOT feel comfortable challenging bad management due to retaliation and bullying.

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  10. Helpful (4)

    "Encourages a work life balance and good pay and benefits"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in San Francisco, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Federal Reserve Bank of San Francisco full-time for less than a year

    Pros

    - Encourages a good work-life balance - Friendly co-workers - Offers good benefits - Emphasizes continual learning through a tuition reimbursement program

    Cons

    - Poor management style and unprofessional. Manager was prone to angry outburts and made threatening comments. Left the company for this reason.

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Found 140 reviews