Federal Reserve Board

www.federalreserve.gov

Federal Reserve Board Reviews

Updated 23 January 2015
Updated 23 January 2015
71 Reviews
4.2
71 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Janet L. Yellen
13 Ratings

Review Highlights

Pros
  • Great learning opportunities; decent work/life balance; excellent compensation and benefits package (in 14 reviews)

  • Opportunity to learn in depth information about monetary policy (in 4 reviews)


Cons
  • Complete disregard for the private sector (in 6 reviews)

  • There is an abundance of red tape (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    The Federal Reserve Board is a great place to work with excellent benefits package

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Washington, DC (US)
    Current Employee - Anonymous Employee in Washington, DC (US)

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

    Pros

    Salary is competitive with private sector
    Outstanding benefits package
    Outstanding retirement package
    They encourage annual staff training\conferences
    Flexible schedule, telecommuting
    Annual pay increases based on merit (i.e. you earned it)

    Cons

    Restrictions on gift acceptance such as training conference freebees
    Promotions (pay grade increase and management positions) seem to be based less on merit and ability but more on who you know, who you haven't pissed off and if you're not too old (promoted managers tend to skew on the younger spectrum < 35)
    No parking garage for non-management employees

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Interesting and important work with a good work/life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services Analyst in Washington, DC (US)
    Former Employee - Financial Services Analyst in Washington, DC (US)

    I worked at Federal Reserve Board

    Pros

    interesting work, intelligent people, work/life balance

    Cons

    very limited view of the overall machine that is the US central bank; work is interesting but very narrow

    Advice to ManagementAdvice

    increase cross-divisional interactions and exchange programs across the Board

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Washington, DC (US)
    Former Employee - Intern in Washington, DC (US)

    I worked at Federal Reserve Board

    Pros

    Great organization to do an internship with. I worked with a lot of smart economists in one of the research divisions, and was exposed to really interesting problems.

    Cons

    I wish I would have had an opportunity to work more with the other summer interns, but my work was largely an individual project.

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    Benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Attorney
    Current Employee - Attorney

    I have been working at Federal Reserve Board full-time (less than an year)

    Pros

    Awesome...matching 401k program up to 7%

    Cons

    No cons to add about the Fed.

    Advice to ManagementAdvice

    None

  6.  

    Great place

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

    I have been working at Federal Reserve Board full-time (more than 3 years)

    Pros

    Fascinating work that matters for the world

    Cons

    Bureaucracy that is outdated, and terrible IT

  7.  

    Internship at its best

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

    I have been working at Federal Reserve Board

    Pros

    Great HR team. They want you to grow. Very organized. You actually work as a regular employee

    Cons

    I don't have anything to say

  8. 1 person found this helpful  

    I had a great experience and learned a lot that I can use to further my career development.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Student Intern in Washington, DC (US)
    Former Employee - Student Intern in Washington, DC (US)

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

    Pros

    Everyone is easy to work with. Great work-life balance. Provides a comfortable atmosphere where you can learn and develop your career. Fantastic benefits. A lot of chances to grow by moving to different divisions and promoting form within.

    Cons

    Compensation is an issue in regard to turnover. Doesn't have an undergraduate development program that would be very helpful. Start to get younger employees who are more motivated to learn and go the extra mile. Have to earn a master's degree for a lot of the positions.

    Advice to ManagementAdvice

    Focus on decreasing turnover. Increase communication across divisions.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Good pre-doctoral experience

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federal Reserve Board

    Pros

    Relaxed, good colleagues, exposure to exclusive datasets

    Cons

    Maybe too much freedom for some overachievers. Also, no good schools to use academic assistance package near the vincinity

  10.  

    FRB is an exciting place to work

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

    I have been working at Federal Reserve Board

    Pros

    It provides a unique perspective you can't get many other places.

    Benefits are great, people are a pleasure to work with, time off is a huge pro

    Cons

    Too much consensus building on business ops side (internal operations of Board). Too many people stuck in old ways "these is how we always do things" (this culture is changing with recent strategic management hires though)

    Advice to ManagementAdvice

    Bring some younger people in! Bring some life and energy into this place!

Federal Reserve Board Photos

Work at Federal Reserve Board? Share Your Experiences

Federal Reserve Board

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.