Federal Reserve Board Reviews | Glassdoor

Federal Reserve Board Reviews

Updated March 21, 2017
141 reviews

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Full-time Part-time

4.2
Star Star Star Star Star
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Janet L. Yellen
63 Ratings

141 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. "Great work and life balance"

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

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

    Pros

    Flexible work schedules and telecommuting days. I enjoyed working here for the most part. There is space to move around to a new position if you want to try out new things. The tuition reimbursement and paid conference trips are the best!

    Cons

    Slow promotion and pay raise.


  2. "Great Place to Work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Technology Analyst
    Current Employee - Senior Technology Analyst
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Breadth of work
    Incredibly bright workforce
    Amazing benefits
    Good pay

    Cons

    Old school senior management - doesn't impede ability to do work, can just be annoying about things like teleworking etc.


  3. "Research Assistant"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federal Reserve Board full-time

    Pros

    Brilliant staff and great benefits.

    Cons

    Standard procedures were sometimes inefficient


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Research Assistant"

    Star Star Star Star Star
    • 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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Brilliant people, young city, great for graduate school

    Cons

    If you're not going to get a PhD in Economics it probably isn't for you


  6. "Great place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    Current Employee - Economist in Washington, DC
    Current Employee - Economist in Washington, DC
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Bright and friendly people
    Excellent pay and benefits
    Challenging work
    Reasonable work load, good hours
    Room for individuals to take initiative

    Cons

    Headquarters is poorly situated commute-wise. Getting to and from work can be difficult given the lack of parking and distance to the metro.

    Advice to Management

    Add more team-building activities


  7. "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.


  8. "Great work environment"

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

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

    Pros

    Good people, good salary and benefits, good hours

    Cons

    Hard for me to think of any major cons. At times my work (as a research assistant) would seem fairly repetitive, and at times I wasn't sure whether my work was making a difference in the bigger picture. But I had some good experiences with interesting and meaningful projects as well.

    Advice to Management

    Where possible, try to make the work structure a little less rigid.


  9. "Intern Experience"

    Star Star Star Star Star
    • 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
    No opinion of CEO

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

    Pros

    I interned in DC, where they have a huge intern program with students from all over the country. Interns from California, Washington state, and plenty of people from the East coast all work together, so it's easy to make friends and hang out after work in the city. We went to a lot of Nats games and the students who were 21+ went out for happy hour every Thursday. Pay is pretty high for an internship, and they put on plenty of programs for the interns (receptions, meet-and-greets with Chair Yellen, networking events, tours, etc) so it's not just cranking out work at a desk all day. Some days I would not even turn on my computer and just go to the intern event all day, and still get paid for it. It was so much fun, and the work is challenging but fulfilling. Work-life balance is great, everyone goes home after 8 hours unless there is an urgent problem present.

    Cons

    There are people there that have stayed with the Board for 30+ years, and sometimes the work is slow (as is anything with the government, amirite?). Some days the work would be slow, then a problem would surface and the work would go into hyperspeed mode. There is a lot of variation in terms of work between weeks, but there is always something to do if you're an intern!


  10. "review"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board full-time

    Pros

    good environment and good compensation

    Cons

    not applicable, maybe location and parking


  11. "Federal Reserve Economic Research Intern"

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

    Pros

    Great pay, atmosphere. Overall, an incredible opportunity

    Cons

    no cons to speak of



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