Federal Reserve Board Reviews

Pros

Lots of smart people around. Highly educated colleagues. Staff are focused on the mission of the agency and take pride in their work.

Cons

People stay so promotions to higher levels may take time.

Pros

* Great benefits * Good people (95% of the people are very nice, and good at what they do) * Reasonable hours

Cons

* Negligence by management to the plights faced by employees * Lack of advancement opportunities * Slow pace of change * Management blindness to promoting outstanding individuals

Pros

Superb benefits, incl vacation, pension, insurance (better than other federal agencies and reserve banks) Interesting work that is highly consequential for the nation’s economy

Cons

Long time employees who are incompetent in their roles continue to collect a lucrative paycheck just because of seniority? tradition? Programs on implicit bias are a joke when highly competent people are let go, ultimately, because of cultural differences. As another reviewer mentioned, safe to speak is also a joke. Toxic working environment due to long time employees still holding grudges from conflicts in the distant past. No transparency on how individuals become managers considering the clear lack of knowledge in the areas they manage.

Pros

Great Benefits, including flexible work schedules and generous leave. Ability to work from home 2-3 days a week (6 days minimum in office a month). Depending on the division/section, very interesting work and can be fast-paced with a lot of opportunity to be seen by principals.

Cons

- Salary: it’s ok, especially when just starting out. Quickly losses steam compared to market rates though. - Bureaucracy: It varies from division, but some divisions aren’t the best at promoting analysts or providing career paths for non-economist roles. Growth is very limited without a PhD in some divisions.

Pros

The Board has the best benefits of the federal government. I had more opportunities to move up than I have at any other agency. You get paid more, but you'll also work twice as hard as you will at other agencies. The people are fantastic. The work is meaningful. It's a very respectful culture with lots of really smart people.

Cons

The remote work culture in my group was a little weird. I was a remote start and pretty much no one on my team ever turned on their camera. I'm an extrovert and I felt like I worked in a vacuum while I was there. I did find the work stressful (especially when someone mentions the Governors), but that's the trade off for working at such a prestigious and important organization. I'd love to go back if I can find the right team.

Pros

Good work life balance Competitive salary

Cons

Limited scope of career growth

Pros

Great mission. Great benefits and staff members. Lots of opportunities if the managers let you perform.

Cons

Completely incompetent infrastructure managers and officers. Officers don’t do anything other than providing lip services working mostly from home. Lack of organizational or management skills and strategic thinking. Many staff are leaving to join other groups because of the officers and managers’ poor leadership and management, but they blame the staff. They use the excuse of “empowering employees” to avoid making decisions and accountabilities. It desperately needs restructuring of the management and should give opportunities for the talented staff to perform.

Pros

You can choose more research or policy heavy groups to join while interviewing. The macroeconomics quantitative studies group is the most research heavy. All RAs get support for tuition assistance, applications to PhDs and future jobs, and mentorship for the NSF Graduate Research Fellowship Program.

Cons

Most groups are policy heavy, so if you don't want to do any policy work, there are few sections that can accommodate that.

Pros

Interesting work to help national economy Good hours Good benefits Great leadership

Cons

Lack of full time telework Hard to move up sometimes.

Pros

Some very hard working people and some managers that inspire teams to work hard at achieving their goals.

Cons

A. Dejene is the manager of a central auditing product. A. Dejene single handedly defunded the project and reduced the team by 50%, not because the project was over staffed, but because A. Dejene did not know how to manage a staff. A. Dejene was given the position over more qualified applicants. After being given the position A. Dejene, worried more about the remodeling of the bathrooms than what was going on with the project. She spent most of her days socializing with others, truly a terrible manager. A. Dejene set up "check up" meetings where she was always late and did not show up. She was constantly late, often arriving hours after 9 AM and never available for her team. Whats worse, A. Dejene does not know it is discriminatory to act against employees and contractors as stated in the ADA. When A. Dejene became aware of a disability, it is A. Dejene's responsibility to act. A. Dejene is also a racist based on the people that she targets. Worse than a drain of an employee, A. Dejene will leach off the FRBoG until she gets the organization in some serious trouble. Hopefully someone will finally provide some oversight over her.