Federal Reserve Board Reviews | Glassdoor

Federal Reserve Board Reviews

Updated February 5, 2017
136 reviews

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Full-time Part-time

4.1
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Janet L. Yellen
60 Ratings

136 Employee Reviews

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Pros
  • Work-life balance is great, everyone goes home after 8 hours unless there is an urgent problem present (in 22 reviews)

  • Flexible work schedule along with great benefits (in 18 reviews)

Cons
  • In terms of IT you may not get as valuable experience here as you might in the private sector (in 8 reviews)

  • Slow work environment, frustrating red tape, limited opportunities for non-PhD economists (in 4 reviews)

More Pros and Cons

  1. "Great work environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Research Assistant in Washington, DC
    Former Employee - Senior Research Assistant in Washington, DC
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Federal Reserve Board full-time (More than 3 years)

    Pros

    Good people, good salary and benefits, good hours

    Cons

    Hard for me to think of any major cons. At times my work (as a research assistant) would seem fairly repetitive, and at times I wasn't sure whether my work was making a difference in the bigger picture. But I had some good experiences with interesting and meaningful projects as well.

    Advice to Management

    Where possible, try to make the work structure a little less rigid.


  2. "Office of Chief Data Officer"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federal Reserve Board full-time

    Pros

    Good benefits, pay, flexible schedule. Work with highly intelligent people.

    Cons

    The OCDO had a toxic environment. Upper management claimed to be open and transparent but were anything but.

    Advice to Management

    Walk the walk.


  3. "Intern Experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Washington, DC
    Former Employee - Intern in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Federal Reserve Board (Less than a year)

    Pros

    I interned in DC, where they have a huge intern program with students from all over the country. Interns from California, Washington state, and plenty of people from the East coast all work together, so it's easy to make friends and hang out after work in the city. We went to a lot of Nats games and the students who were 21+ went out for happy hour every Thursday. Pay is pretty high for an internship, and they put on plenty of programs for the interns (receptions, meet-and-greets with Chair Yellen, networking events, tours, etc) so it's not just cranking out work at a desk all day. Some days I would not even turn on my computer and just go to the intern event all day, and still get paid for it. It was so much fun, and the work is challenging but fulfilling. Work-life balance is great, everyone goes home after 8 hours unless there is an urgent problem present.

    Cons

    There are people there that have stayed with the Board for 30+ years, and sometimes the work is slow (as is anything with the government, amirite?). Some days the work would be slow, then a problem would surface and the work would go into hyperspeed mode. There is a lot of variation in terms of work between weeks, but there is always something to do if you're an intern!


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  5. "review"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board full-time

    Pros

    good environment and good compensation

    Cons

    not applicable, maybe location and parking


  6. "Federal Reserve Economic Research Intern"

    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
    Approves of CEO

    Pros

    Great pay, atmosphere. Overall, an incredible opportunity

    Cons

    no cons to speak of


  7. "Fantastic learning experience"

    Star Star Star Star Star
    Former Employee - Senior Research Assistant in Washington, DC
    Former Employee - Senior Research Assistant in Washington, DC
    Recommends
    Approves of CEO

    I worked at Federal Reserve Board full-time (More than a year)

    Pros

    - Tons of learning on-the-job, particularly with statistical programming (only had undergraduate experience with Stata before my time at the Fed). Most RAs go on to PhD programs after their time at the Fed, but my experience made me realize a PhD was not right for me. This was as valuable to me as entrance to a top 10 program would have been.
    - True 9 to 5 if you want it to be.

    Cons

    - Learning is limited--you will probably get everything you can out of this job within 2 years. The job is not built for growth though (you're supposed to leave within 2-3 years), so it makes sense.
    - As with any job, Economists are hit or miss. Try to find one who will mentor you.


  8. "Great place to work and start/build a career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Supervisory Financial Analyst in Washington, DC
    Current Employee - Senior Supervisory Financial Analyst in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great work-life balance, intelligent yet amiable people, and lots of learning opportunities

    Cons

    Can be siloed at times


  9. "Human Resources Leader"

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

    I have been working at Federal Reserve Board full-time (More than a year)

    Pros

    Wonderful colleagues, challenging and rewarding work, meaningful mission, flexible work schedules, telework, benefits, pay, pleasant work environment. I really love my boss and my coworkers!

    Cons

    Can take awhile to get things done since we are quasi-governmental. The commute on days I don't telework can be difficult, especially with metro issues.


  10. "Excellent experience"

    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
    Approves of CEO

    I worked at Federal Reserve Board full-time

    Pros

    It was a perfect first job out of college. I got to use my education and interest in math, econ and politics everyday working on projects that influenced policy decisions. The benefits were very generous including many paid-time off days, separate paid-sick leave and around $5,000 academic assistance every year if you want to take more classes at nearby colleges.

    Cons

    Everyone will try to get you to apply to a PhD program. Other than that it was a great experience!

    Advice to Management

    The economists I worked directly under and everyone else that I worked with were very smart, friendly and a pleasure to be around.


  11. "Great first job out of college"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Research Assistant in Washington, DC
    Current Employee - Senior Research Assistant in Washington, DC
    Approves of CEO

    I have been working at Federal Reserve Board full-time (More than a year)

    Pros

    The FRB provides a well-structured, valuable Research Assistant program, particularly suited for those fresh out of undergraduate studies. The Board is conscious of employees' time and focused on aiding with their personal and professional growth. I would highly recommend this position for anyone interested in pursuing economic research or a related field.

    Cons

    Naturally hierarchical with RAs working directly with PhD economists, which can make it difficult for RAs to take on leadership roles in policy work or research projects.



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