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Federal Reserve Board

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Federal Reserve Board Reviews

Updated May 14, 2022

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Found 302 of over 379 reviews

4.4
91%
Recommend to a Friend
88%
Approve of CEO
Federal Reserve Board Chair Janet L. Yellen (no image)
Janet L. Yellen
132 Ratings

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Top Review Highlights by Sentiment

Pros
Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Ratings by Demographics

This rating reflects the overall rating of Federal Reserve Board and is not affected by filters.

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  1. 5.0
    Current Employee

    Great love to work

    May 14, 2022 - Software Engineer 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great career development from managers

    Cons

    Slow process in getting g things done

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  2. 5.0
    Current Employee

    GREAT place to work

    May 13, 2022 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    People, culture, salary, benefits, learning opportunities

    Cons

    Covid remote work provided less social interaction than I was looking for.

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  3. 5.0
    Current Employee, more than 3 years

    Work Environment

    May 9, 2022 - Senior Research Assistant in Washington, DC
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Amazing colleagues and work/life balance

    Cons

    There truly are no downsides of working at the Board

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  4. 5.0
    Current Employee, more than 5 years

    Board Culture

    Apr 30, 2022 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Working at the board is amazing. Benefits and academic assistance are phenomenal. Promoting up in this agency is very easy, fast and does not take years to accomplish.

    Cons

    Not many cons. No job is perfect.

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  5. 5.0
    Current Employee

    Great

    Apr 18, 2022 - Assistant Director in Washington, DC
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Very good place to work

    Cons

    Not much bad to say at all

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  6. 5.0
    Former Employee, more than 8 years

    Great Family Oriented and Supportive Agency

    Apr 5, 2022 - Lead Business Management Analyst in Washington, DC
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The benefits at the Federal Reserve Board are fantastic. Opportunities for training and advancement are also very good.

    Cons

    There were none for me.

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  7. 3.0
    Current Employee, more than 10 years

    Pros

    Many many different functions and groups, reflective of the extremely broad mission of the federal reserve. Lots of opportunity to learn about different aspects of the banking system, regulation, economy, monetary policy, etc. Great opportunity for varied work. While the benefits programs reward longevity, career advancement plateaus at mid-career levels. However the board is a very prestigious institution, and for mid-careers looking to rise a few more rungs before hitting age 42-45, you may do better leveraging your experiences to head somewhere else with more growth potential. (Growth is possible for select few, but its a long time to wait heading into the leeward direction. Mid-career advancement slows to about ~10 years wait until promotion, even for top performers). The fed will open a lot of doors for you externally; leverage this.

    Cons

    Leadership cohesiveness, internal politics, accountability, and stratification of staff (15% of the people do 90% of the work) has gotten so bad over last few years. Poor hiring, limited career advancement, and a general apathy to work anyone out (i.e., fire/demote/change departments) has significantly reduced the available talent pool in many groups. Teams are therefore ill-equipped to deliver on their missions. This subsequently frustrates senior leadership, who respond by redirecting work to the high-performing 15%, and sending the other 85% off on directionless tasks that end up being irrelevant. Why irrelevant? Because leadership is focused on pet-projects, lack of delegation, title bias, politics, and reviewing things in detail that should have been approved 3-4 layers down the hierarchy——-and therefore leadership does not have time to review busy work, attempted work, or actual work from the 85%.

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    2 people found this review helpful
  8. 4.0
    Current Employee, less than 1 year

    Good pre doc

    Apr 24, 2022 - Research Assistant in Washington, DC
    Recommend
    CEO Approval
    Business Outlook

    Pros

    -exposure to lots of research -able to talk to economists about their careers -never work more than 40 hrs

    Cons

    -could be better paid in other industries -can be slow

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  9. 5.0
    Current Employee

    Not perfect but amazing

    Jan 20, 2022 - Senior Research Assistant in Washington, DC
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Important work Name recognition, your employer will be mentioned everywhere all the time Benefits, e.g. it's so nice to work ~9-5. Most coworkers will encourage you to use your leave and to not overwork! So much better for mental health compared to college and intense private sector jobs. If you like jobs that revolve around policy work but are spiced up with other things to do (leadership, research, coding), this is the best job you can get right after college. While some RAs go on to PhD, others are able to move onto consulting, finance, policy, jobs, MBAs, masters, law school, etc. Exposure to economists and great alumni group helps you make a very informed decision about whether to pursue a PhD. Many realize that PhDs can be soul-sucking, so they're happy to have alternatives because of the variety of work they get exposed to. Tremendous self-growth if you have the initiative Many others your age who are also eager to make friends

    Cons

    Lower pay than private of course Responsibilities vary by section. Sections advertised as "50-50 policy-research" will most likely be 70-30 as you're forced to drop whatever you're doing whenever a policy task comes in. Keep in mind that economists are also expected to prioritize research, so if economists you're working with are too busy to work with you, the imbalance increases. It therefore becomes very difficult to get your name on a paper while juggling your responsibilities. Meanwhile, sections that advertise mostly research generally do do mostly research. Divisions with more RAs tend to have more organized infrastructure for training RAs. It's not uncommon for an RA in a policy-heavy sections who feel like their PhD dreams are dashed to apply to university RA positions. RAs are expected to set up and manage their own infrastructure of resources, so without solid mentorship from economists.

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    1 person found this review helpful
  10. 5.0
    Current Employee

    Great for PhD Econ Track

    Feb 4, 2022 - Research Assistant in Washington, DC
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Be sure to know you want to be go into the field of economic research before taking this role - if you do, it's a perfect job, if not, it won't be the best fit. Very research heavy, perfect for those on the PhD track. You get a chance to work with great economists and on good projects.

    Cons

    Management experience is not great, not a lot of long-term career development, very niche for pre-PhD track.

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Viewing 1 - 10 of 302 Reviews

Federal Reserve Board Reviews FAQs

Federal Reserve Board has an overall rating of 4.4 out of 5, based on over 379 reviews left anonymously by employees. 91% of employees would recommend working at Federal Reserve Board to a friend and 76% have a positive outlook for the business. This rating has decreased by -1% over the last 12 months.

According to anonymously submitted Glassdoor reviews, Federal Reserve Board employees rate their compensation and benefits as 4.1 out of 5. Find out more about salaries and benefits at Federal Reserve Board. This rating has decreased by -2% over the last 12 months.

91% of Federal Reserve Board employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Federal Reserve Board 4.5 out of 5 for work life balance, 3.9 for culture and values and 3.6 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at Federal Reserve Board to be coworkers, career development, benefits and the cons to be senior leadership, culture, management.

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Federal Reserve Board Photos

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Federal Reserve Board photo of: Janet L. Yellen smiles after being sworn in as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014.
Federal Reserve Board photo of: Chairman Ben S. Bernanke receives a standing ovation at the Board meeting in Washington, D.C. on January 27, 2014.
Federal Reserve Board photo of: Left to Right: Janet L. Yellen; Alan Greenspan; Ben S. Bernanke; Paul A. Volcker
Federal Reserve Board photo of: Chairmen Of Federal Reserve Districts Photo credit: Harris & Ewing
Federal Reserve Board photo of: Former Chairman Alan Greenspan highlights events during his terms as Chairman
Federal Reserve Board photo of: The Marriner S. Eccles Building, completed in 1937 and dedicated to former Chairman Eccles in 1982.
Federal Reserve Board photo of: Ben S. Bernanke and Alan Greenspan talk before the start of the Federal Reserve System's Centennial Commemoration in Washington, D.C., held on December 16, 2013.
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