Federal Reserve Board Reviews in Washington, DC | Glassdoor

Federal Reserve Board Washington Reviews

Updated May 15, 2017
97 reviews

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Washington, DC

4.3
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Janet L. Yellen
51 Ratings

97 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 23 reviews)

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

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

  • You will run into a bit bureaucratic red tape but it is far worse in other 'true' Government Departments (in 4 reviews)

More Pros and Cons

  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.


  2. "Good pay, technology backwater"

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

    I have been working at Federal Reserve Board full-time (More than 5 years)

    Pros

    Smart people, can do big projects if motivated

    Cons

    Limited opportunities for non- PhD staff.

  3. "Great place to work"

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

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

    Pros

    Good training, enjoyable atmosphere, and supervisor was great.

    Cons

    Repetative work, and need more room for advancement


  4. "Great place to work"

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

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

    Pros

    Dedicated, knowledgeable people who are striving to get the right answer with little office politics.

    Cons

    There can be a lot of filters and over-editing.


  5. "Great place to work!"

    StarStarStarStarStar
    • 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


  6. "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
    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


  7. "Great work environment"

    StarStarStarStarStar
    • 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.

  8. "Intern Experience"

    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
    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!


  9. "Fantastic learning experience"

    StarStarStarStarStar
    Former Employee - Senior Research Assistant in Washington, DC
    Former Employee - Senior Research Assistant in Washington, DC
    Recommends
    Approves of CEO

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

    Pros

    - Tons of learning on-the-job, particularly with statistical programming (only had undergraduate experience with Stata before my time at the Fed). Most RAs go on to PhD programs after their time at the Fed, but my experience made me realize a PhD was not right for me. This was as valuable to me as entrance to a top 10 program would have been.
    - True 9 to 5 if you want it to be.

    Cons

    - Learning is limited--you will probably get everything you can out of this job within 2 years. The job is not built for growth though (you're supposed to leave within 2-3 years), so it makes sense.
    - As with any job, Economists are hit or miss. Try to find one who will mentor you.


  10. "Great place to work and start/build a career"

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

    I have been working at Federal Reserve Board full-time (More than 5 years)

    Pros

    Great work-life balance, intelligent yet amiable people, and lots of learning opportunities

    Cons

    Can be siloed at times


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