Federal Reserve Board Reviews | Glassdoor

Federal Reserve Board Reviews

Updated November 16, 2017
82 reviews

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5.0
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Janet L. Yellen
40 Ratings

82 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 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. "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. "Loved it"

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

    I have been working at Federal Reserve Board as an intern

    Pros

    great work life balance and networking opportunites

    Cons

    not like a typical internship where you work on one project over a set period of time

  3. "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.


  4. "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


  5. "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


  6. "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


  7. "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.

  8. "Fantastic two summers at the Board"

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

    I worked at Federal Reserve Board as an intern

    Pros

    Great professional development programs, fun intern cohort

    Cons

    It's so hot in the summer in DC


  9. Helpful (1)

    "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.


  10. Helpful (1)

    "A great place to work"

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

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

    Pros

    Great People; Good benefits 1% automatic and up to 7% match; FSA; Daycare (inquire within); Microsoft software (employee discount); transportation subsidy; flex time / telecomute

    Cons

    Work life depends upon the type of job / does not apply to all positions (it is not a con per say)

    Advice to Management

    Please, give more opportunities to all employees regardless of their profession to improve/ succeed professionally; not just the select few.


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