Federal Reserve Board Reviews

Updated 24 August, 2014
Updated 24 August, 2014
63 Reviews

3.9
63 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Janet L. Yellen
10 Ratings

Review Highlights

Pros
  • Great learning opportunities; decent work/life balance; excellent compensation and benefits package (in 12 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.  

    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 for less than a 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
  2.  

    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

  3.  

    As a Web Development Intern, I enjoyed being in DC and Pay was Excellent

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

    I worked at Federal Reserve Board as an intern for less than a year

    Pros

    Good people, nice environment, awesome buildings and perks that come with being a Board employee. Benefits are also good for employees. Work can get boring but that's just work. When I received my paycheck, it all made sense. Most people who work there are friendly but there is also some politics involved. Duh! I got to meet and take a pic with Ben Bernanke and Janet Yellen. So that was a great experience.

    Cons

    I was given a tedious project from which I did not learn much. Seemed like wax on wax off type of job as an intern but I did my time and earned what I deserved. Actually they overpaid me... how dumb is that, being the Fed. I received an extra paycheck and they've been bugging me about it since.

    Advice to ManagementAdvice

    Please don't be so uptight. Not my manager, but some other interns I observed.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great place to learn!

    • 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 as an intern for more than a year

    Pros

    The people you come in contact with are generally quite well educated and established in the field.
    Almost everyone is genuinely dedicated to the work.
    Work/home balance is quite good, especially as an intern.
    The programs the Fed offers to interns to learn about different departments within the organization are stellar.

    Cons

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

    Advice to ManagementAdvice

    Look to hire a younger workforce, you may be missing out on some business process innovation.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Politics

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

    I have been working at Federal Reserve Board full-time for more than 10 years

    Pros

    Great place for benefits and holidays. Teleworking is also available.

    Cons

    Too much politics. The hard workers keep working harder and the slackers never get any work because they need it completed and they know who will get the job completed and who will not!!

    Advice to ManagementAdvice

    Point out the slackers and make them work or let them go!!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Great place to work

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

    I worked at Federal Reserve Board full-time for more than a year

    Pros

    Great work/life balance, awesome benefits, great colleagues, little office drama/politics (in my section), great technical training, interesting research. This is an absolutely great place to work. 9-5 most of the time. Everyone is very bright and dedicated. Aside from "production" duties, you have autonomy to seek out research projects with different Economists. Management and Economists are very interested in your career development.

    Cons

    Charting work in S-plus for RAs can be a burden, as Economists often don't know what's entailed to complete their requests (during crunch times).

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Not for a full career

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

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

    Pros

    The benefits are excellent at the Fed.

    Cons

    There is an abundance of red tape.

    Advice to ManagementAdvice

    stop signing autographs, swallow your pride and know you're not always right.

  9.  

    Great place to work.

    • 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 for more than a year

    Pros

    Work / life balance can be very good. Benefits are incredible.

    Cons

    After working here for a few years, exciting developmental opportunities are running out. However, the Board does offer money for you to take classes.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Run, dont walk!

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

    I worked at Federal Reserve Board full-time for more than 10 years

    Pros

    The benefits. Other than that, I have nothing to offer.

    Cons

    When I started at the FRB, it was a wonderful place to work but it has continously gone down hill. The mid level and senior level department managers are not qualified to hold their positions. Perhaps it was unique ot my department but it is a good back to get stabbed in the back. The Fed is so out of touch with the real world.

    Advice to ManagementAdvice

    Take a hard look at your lower level management staff and consider making some changes. They are under qualified for the positions they hold. Set up a genuine grievance committee like the Fed of yester years. Human Resources does not listen and take complaints seriously.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Research Assistant- Research & Statistics Division

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

    I worked at Federal Reserve Board full-time for more than a year

    Pros

    Great experience, great career development, and great if you want to get into a good Econ PhD program.

    Cons

    The work load varies, so sometimes you are super busy, others you are kind of looking for things to do.

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