Federal Reserve Board Reviews | Glassdoor

Federal Reserve Board Reviews

Updated February 5, 2017
17 reviews

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3.0
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Janet L. Yellen
5 Ratings

17 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 22 reviews)

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

Cons
  • In terms of IT you may not get as valuable experience here as you might in the private sector (in 8 reviews)

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

More Pros and Cons

  1. "Office of Chief Data Officer"

    Star Star Star Star Star
    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.


  2. "Pluses and minuses"

    Star Star Star Star Star
    • 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.


  3. "IT Intern"

    Star Star Star Star Star
    • 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.


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  5. Helpful (1)

    "Good place to start a career"

    Star Star Star Star Star
    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.


  6. Helpful (2)

    "Analyst"

    Star Star Star Star Star
    • 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.


  7. "Good pay and benifts"

    Star Star Star Star Star
    • 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.


  8. Helpful (2)

    "lots of experience"

    Star Star Star Star Star
    • 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.


  9. "Very nice people"

    Star Star Star Star Star
    • 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


  10. Helpful (6)

    "Degenerate Solution"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Federal Reserve Board full-time

    Pros

    You will get your own office.

    Cons

    Not a good place to work if you "only" have a master's degree. Your day-to-day job description will overlap with a Technology Analyst and an entry-level Research Assistant because the Board does not hire enough IT specialists and the Economists you support will micromanage you out of any remaining illusory stake in the analytical cycle because you are a "non-Economist".

    Advice to Management

    Do not confuse a career track with periodic salary increases. A career track involves added responsibility, dedicated analytical space, and an increasing level of goals and challenges that sustain and build "human capital." If you mistake it for salary, you will retain the employees who want the money and lose the ones who have skills to offer in return.


  11. Helpful (1)

    "analyst"

    Star Star Star Star Star
    • 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
    Recommends
    Neutral Outlook

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

    Pros

    There are good benefits, and educational opportunities.

    Cons

    Hierarchal. "This is how it has always been done" ideology.



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