Federal Reserve Board Reviews | Glassdoor

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Federal Reserve Board Reviews

Updated February 16, 2018
163 reviews

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3.9
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Janet L. Yellen
77 Ratings

163 Employee Reviews

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Pros
  • great work life balance and networking opportunites (in 26 reviews)

  • Flexible work schedule along with great benefits (in 20 reviews)

Cons
  • Great work/life balance comes at a price (in 3 reviews)

  • Very little opportunity to innovate and ideas are not welcome (in 4 reviews)

More Pros and Cons

  1. Helpful (1)

    "Research division-specific review"

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

    I have been working at Federal Reserve Board full-time (More than 3 years)

    Pros

    Flexible hours/work schedule
    Supportive work environment
    Occasional but not overwhelming deadlines
    Individual offices, even for entry level
    Opportunities to challenge yourself and continual learning
    Excellent office culture

    Cons

    Not much room for advancement within research divisions without a Ph.D
    Have to be self-motivated
    Managers are all Ph.D economists, not trained managers
    Difficult for non-Economist staff to move up in career ladder
    Could focus more on diversity of staff


  2. Helpful (1)

    "Buyer"

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

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

    Pros

    The pay, the people, the location and the benefits. Those are just a few of what made the job worth staying there.

    Cons

    The management and lack of concern for internal growth opportunities. They would overlook a lot of skilled workers for others who just had longevity but not the skill set.

    Advice to Management

    Listen and absorb what your employees are saying. Take the advice of the people who are actually doing day to day work and are hands on. When we find a more effective way to do something try it before knocking it down.

  3. "Research Assistant"

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

    I worked at Federal Reserve Board full-time

    Pros

    - surrounded by incredibly smart people, highly intellectually stimulating, perfect job if you want to go on to get a phd

    Cons

    if you're not sure if you want to get a phd in economics this may not be the role for you.

    Advice to Management

    N/A


  4. "Research Analyst"

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

    I have been working at Federal Reserve Board full-time

    Pros

    The environment is open minded and collaborative.

    Cons

    Change can be a slow process


  5. "Senior Business Analyst"

    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

    good place to work, good benefits

    Cons

    slow work process takes too long

    Advice to Management

    na


  6. Helpful (1)

    "A gem of an organization"

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

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

    Pros

    The Board is an incredible organization with some truly world-class employees. The organization has a very academic culture, and learning and development are pretty central themes. Benefits are world-class, and because of the Fed's unique structure it can offer things that you normally wouldn't see at a large corporation or typical government agency. Even as a junior employee I was empowered to present at meetings with key stakeholders, attend trainings and briefings that were interesting to me, and become a subject matter expert. I was in an external-facing division, so I got to engage with other Reserve Banks and people in the financial services industry. I truly regret leaving the Board for a "more attractive" city.

    Cons

    It takes a very long time to vet things, which can be frustrating if you're used to how things work in corporate America.

    Advice to Management

    Keep the amazing culture intact and continue to encourage mentorship and development.


  7. "Great Place to Work"

    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

    People, benefits, and work/life balance are all great.

    Cons

    The organization is extremely risk adverse

    Advice to Management

    Pay attention to staff engagement

  8. "Research Assistant"

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

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

    Pros

    Professional environment can be an interesting mix of academic and government
    Generous benefits especially tuition assistance
    Can be a good place to gain experience before graduate school

    Cons

    Little opportunity to advance beyond research assistant


  9. "Senior Economist"

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

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

    Pros

    Flexibility, good salary, good benefits, nice atmosphere

    Cons

    Promotions seem idiosyncratic, decided by the Chiefs without transparent criteria


  10. "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


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