Federal Reserve Board Reviews | Glassdoor

Federal Reserve Board Reviews

Updated September 13, 2017
19 reviews

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3.0
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Janet L. Yellen
6 Ratings

19 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 25 reviews)

  • Flexible work schedule along with great benefits (in 19 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. "Work-life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - IT Business Analyst Intern in Washington, DC
    Former Intern - IT Business Analyst Intern in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Federal Reserve Board as an intern (More than a year)

    Pros

    -Good work-life balance
    -Reliable schedule
    -Flexibility (work from home)
    -Benefits

    Cons

    -Bureaucracy
    -Environment of mediocrity
    -Antiquated technology- behind on software


  2. "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.

  3. "Office of Chief Data Officer"

    StarStarStarStarStar
    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.


  4. Helpful (1)

    "Pluses and minuses"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Lorton, VA
    Current Employee - Anonymous Employee in Lorton, VA
    Positive Outlook

    I have been working at Federal Reserve Board full-time (More than 10 years)

    Pros

    The benefits are excellent and why people stay. Those closest to the mission i.e. economists enjoy the work and impact.

    Cons

    Lots of people marking time until they can retire. If you are disrespectful to others you will get promoted while those who do the work are held back.

    Advice to Management

    You have asked employees how to improve things. Instead of taking action you want to gather more data. How many times do employees need to tell you the issues not taking action is classic resistance. The leaders do not want change as it work for them. Wake up.


  5. Helpful (1)

    "IT Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Business Analyst Intern in Washington, DC
    Current Intern - Business Analyst Intern in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Federal Reserve Board as an intern (Less than a year)

    Pros

    The Fed is a prestigious organization to work for, and looks great on a resume. It is located in the heart of D.C. which makes it a great place to network and learn about the government. Great benefits.

    Cons

    The Fed offers lower than average pay, plus a slow growth rate due to it being a government agency. Not at the cutting edge of technology with the management of its projects.

    Advice to Management

    Needs to be a better plan for interns coming in. Although HR does a great job of scheduling intern events, it was hard getting training at how things are done, which led to a much slower development of my skills.


  6. Helpful (1)

    "Good place to start a career"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Excellent work-life balance, smart colleagues, good benefits. Great name recognition for a government employer.

    Cons

    Slow work environment, frustrating red tape, limited opportunities for non-PhD economists.


  7. Helpful (2)

    "Analyst"

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

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

    Pros

    There are many nice people, they provide great development opportunities, good retirement and health benefits, awesome tuition reimbursement programs, and a good onsite cafeteria

    Cons

    There is inconsistent communication (or no communication at all), no transparency, a 'perception' of work-life balance (but it does not really exist), very slow to change, and a terrible leave policy.

  8. Helpful (1)

    "Good pay and benifts"

    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
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Federal Reserve Board full-time (More than 5 years)

    Pros

    The pay is very good and so are the benefits such as the education benefits and the metro subsidy.

    Cons

    The work can be very mind numbing and the chances for upwards movement are only available when someone retires.


  9. Helpful (3)

    "lots of experience"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Board full-time

    Pros

    Great stable work enviroment with great benefits. Many can telework, generous leave, flex time, and upgraded heath insurance. Most care about the mission of the organization.

    Cons

    Many have been with the organization a long time which creates an attitude of it has always been done that way. Very little opportunity to innovate and ideas are not welcome. Most come mid-career looking for stability. Compensation is not robust.

    Advice to Management

    Be open to change. Show that you care about employees by asking for ideas and considering them. Provide opportunities to expand knowledge outside their subject matter expertise to foster understanding.


  10. "Very nice people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    They are very nice people that want to see you learn and grow

    Cons

    You work your butt off


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