The "Featured Review" on top is Fake News, which management in D.C. purchased to hide more critical comments about FDIC, especially from younger Examiners, who are leaving FDIC in droves. If you read the majority of the positive reviews on Glassdoor (and Indeed), they tend to be from non-examiner staff (D.C. Employees) or examiners in the Mid-West that are overly compensated for the less meaniful work they accomplish.
First, if you have prior work experience (espeically in the Private Sector or Military), I would highly recommend you find employment at a more Risk-Seeking organization, as the FDIC is one of the most Risk-Adverse organizations in the Federal Gov't. To be honest, if you desire Federal Employment with one of the other financial regulators, I would recommend you obtain employment at the OCC, SEC, or the Federal Reserve instead. In my opinion, the Federal Reserve is the best of all the three organizations, as the Fed's pay and benefits are far superior to FDIC, and the work you accomplish is more meaningful and impactful to the overall Financial Industry.
However, the biggest issue I have at FDIC is its culture. Many offices eat their young, treating non-commissioned examiners as Second-Class citizens, even though the 1980s "Commissioned" examiners cannot even calculate new Capital Ratios nor understand the complexities associated with Sensitivity to Market Risk Models at today's Financial Institutions. Many of these "old-timer" never held a job outside FDIC, and are completely worthless, including many SEs. The culture issues go all the way to the Top, as FDIC promoted individauls who should never be in charge. Even the Editorial Board at the Wall Street Journal wrote an critical article about FDIC ("A Regulatory Vendetta Exposed"), documenting the overzealous management practices at FDIC's Regional level. FDIC has serious leadership issues, which in turn, hurt the overall moral of the organization, especially at the Examiner level. At the end of the day, the Federal Reserve and the OCC are the most important Banking regulators in the country, and FDIC is just a weak child in the relationship providing very limited oversight, leading to overzealous examiners trying to prove their Report of Exams are actually important (they are not). FDIC regulated institutions (State, Non-Member) are a dying breed of Banks, and Large Banks is were the risks are concentrated in the FInancial System. In my opinion, FDIC should focus on its cores competencies, Deposit Insurance and Bank Failure Resolution; which are vastly more important to the overall financial system than banking examinations. As a result, I saw the writing on the way, and I found a job somewhere else that gave me 2x pay increase with better coworkers and management.
