Federal Reserve Board Reviews | Glassdoor

Federal Reserve Board Reviews

Updated September 14, 2017
153 reviews

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4.0
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Janet L. Yellen
69 Ratings

153 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 24 reviews)

  • Flexible work schedule along with great benefits (in 19 reviews)

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

  • You will run into a bit bureaucratic red tape but it is far worse in other 'true' Government Departments (in 4 reviews)

More Pros and Cons

  1. "Loved it"

    StarStarStarStarStar
    • 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
    Approves of CEO

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

    Pros

    People are nice and very helpful

    Cons

    None. The company is great and the employees are very friendly.

    Advice to Management

    none


  2. "COO"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Chief Operating Officer in Washington, DC
    Former Employee - Chief Operating Officer in Washington, DC
    Recommends
    No opinion of CEO

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

    Pros

    Working with brilliant colleagues with a true sense of purpose and national impact

    Cons

    None except slow decision making process

    Advice to Management

    Keep the culture and the talent

  3. "Fed RA"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends

    I worked at Federal Reserve Board full-time

    Pros

    Interesting work, good hours, decent pay.

    Cons

    None that I can think of.


  4. Helpful (3)

    "Good place to start out a career, terrible place to stay long term."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Systems Analyst- Endpoint Computing Services in Washington, DC
    Former Employee - Information Systems Analyst- Endpoint Computing Services in Washington, DC
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Federal Reserve Board full-time (More than 10 years)

    Pros

    Good benefits, competitive compensation. Among staff, there exists a good, cooperative environment.

    Cons

    The Board is extremely middle management heavy. Middle management and directorships are far removed from day to day operations.

    The Board is notorious for snapping up people just out of school and working them like slaves. Those that are competent and good at what they do move on typically after the 5 year mark (the minimum to get some sort of retirement). There is a continuous revolving door of new hires and people leaving for greener pastures.

    The Board is extremely slow to adopt new technologies.

    Managers, middle, and senior managment are generally apathetic and make decisions based on their own biased agenda. They never take the reccomendation of more technology and technical staff.

    Morale in some parts of the Board is so low that only 25% of staff gave an approval rating on a recent survey of middle and senior Division officials. Even though management knows this, they refuse to effect meaningful change.

    The desktop support area in particular is dysfunctional. In the Board's neverending desire to cut operating costs (they want to preserve funding to over compensate the endless bureaucracy of middle management), this area has become focused on slashing costs at all costs.

    Advice to Management

    Eliminate bloat in middle management in IT, promote more on the basis of technical ability and not for political reasons, and be quicker to adopt new technologies.


  5. "Interesting place to work!"

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

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

    Pros

    Opportunity for growth. Benefits and working conditions are pretty good. Beautiful, historic building.

    Cons

    Not the friendliest people to work with, although not mean. Departments didn't interact too much with each other.


  6. "Satisfied Employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Dallas, TX
    Current Employee - Anonymous Employee in Dallas, TX
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Excellent retirement plans like Thrift Savings Plan, 401K, medical, dental, vision, prepaid legal, sick leave, vacation, and paid holiday, opportunity for overtime, employee discounts on MS software, ATT phones, HP and Dell computers and products. Pay is very compatible with yearly merit raises and differential pay. Most employees are very friendly and helpful

    Cons

    Some supervisors have no supervisory skills.

    Advice to Management

    Promote someone that has some kind of civilian or military leadership qualities.


  7. "Federal Reserve IT"

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

    I have been working at Federal Reserve Board full-time

    Pros

    Friend community, very relaxed and people are helpful

    Cons

    Management generally not responsive and active in creating a constructive culture.

  8. "Vacation for the mind"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Federal Reserve Board full-time

    Pros

    Great work / life balance.

    Cons

    Great work/life balance comes at a price. Stay too long and the extensive downtime will erode your ability to manage time. Advice to RAs, stay for a year and then get out while you still can. Driven RAs who choose to convert into full-time staff grow to be miserable people.


  9. "Good pay, technology backwater"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technology Analyst in Washington, DC
    Current Employee - Technology 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

    Smart people, can do big projects if motivated

    Cons

    Limited opportunities for non- PhD staff.


  10. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Secretary in Washington, DC
    Former Employee - Secretary in Washington, DC
    Recommends
    Positive Outlook

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

    Pros

    Good training, enjoyable atmosphere, and supervisor was great.

    Cons

    Repetative work, and need more room for advancement


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