Federal Reserve Board
4.2 of 5 46 reviews
www.federalreserve.gov Washington, DC 1000 to 5000 Employees

Federal Reserve Board Reviews

Updated Apr 20, 2014
All Employees Current Employees Only

4.2 46 reviews

                             

100% Approve of the CEO

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Janet L. Yellen

(5 ratings)

90% of employees recommend this company to a friend
46 Employee Reviews
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Research Assistant- Research & Statistics Division

Research Assistant (Former Employee)
Washington, DC (US)

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

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

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

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Your Results May vary

Research Assistant (Current Employee)
Washington, DC (US)

I have been working at Federal Reserve Board full-time for more than a year

ProsWorking with incredibly smart people on interesting and important topics. The amount of training and professional development is immense in terms of acquiring new skills (say, statistical programming) and knowledge (about the part of the economy or markets your section covers). Relatively efficient for a bureaucracy.

ConsPay is way below other options, even with in the federal reserve system. There is a severe lack of intermediate positions to be promoted into. Do your 2 or 3 years and move on unless you have a phd. Some of the technology used can be a bit out dated.

Advice to Senior ManagementThere need to be more positions for intermediate for research assistants to be promoted into that is more akin to a Junior Economist rather than a Financial Analyst. It makes no sense to train students for 2 or 3 years and essentially give them the boot.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great experience -- one of best in government

Anonymous Employee (Current Employee)

I have been working at Federal Reserve Board for more than 8 years

ProsInteresting work at high level
Decent work/life balance usually
Collegial
Great benefits

ConsSlow promotion
Lack of management transparency
Sometimes long hours for needless reasons

Advice to Senior ManagementBetter insight into career advancement/more training

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Research Assistant

Senior Research Assistant (Former Employee)
Washington, DC (US)

I worked at Federal Reserve Board full-time for more than 3 years

ProsClosely working in an academic environment. You bosses are very smart an really take an interest in you. There is a built in social scene with many other 22 y/o starting their first job with you. Can really help you get into PhD programs.

ConsThe pay is not as good as other options. Sometimes the work can be quite tedious. It is a little overwhelming at the beginning.

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Great place to work with a lot of smart and dedicated public policy professionals in economics, law, and finance.

Supervisory Financial Analyst (Current Employee)
Washington, DC (US)

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

ProsGreat learning opportunities; decent work/life balance; excellent compensation and benefits package

ConsNot your traditional government agency (i.e., most people work hard at the Fed -- which is a good thing)

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good working environment

Auditor (Current Employee)
Washington, DC (US)

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

ProsGood work/life balance
Paid time off
Education Assistance

ConsOpportunities for Advancement
Bureaucratic
Management competence is lacking

Yes, I would recommend this company to a friend

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Great company to work for, but not for everyone. Those looking for a social environment beware.

Anonymous Employee (Current Employee)
Washington, DC (US)

I have been working at Federal Reserve Board as an intern for less than a year

Pros-doing good work
-intelligent people to work with
-good, central location in DC
-opportunities to move up or to get subsidized higher education

Cons-very academic environment (could be a pro)
-not very social, limited team bonding
-age segregation
-higher level staff can sometimes be unaccessible to lower level staff

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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1 person found this helpful  

Great place to work

Senior Research Assistant (Former Employee)
Washington, DC (US)

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

ProsYou get what you put into it. Economists work really hard and will give you interesting projects once you've earned their trust. RAs aren't expected to work extremely long hours. Management is very flexible about vacation/telecommuting as long you're not asking for time off immediately before an FOMC meeting.

Cons-- As expected from a place like the Fed, there was a lot of office politics between the divisions and some between sections.

Yes, I would recommend this company to a friend

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2 people found this helpful  

Wonderful learning experience

Staff Assistant (Former Employee)
Washington, DC (US)

I worked at Federal Reserve Board full-time for more than 3 years

ProsI was taught a lot of exciting task

ConsNever trust your surroundings at FRB

Advice to Senior ManagementTreat people the way you would want to be treated

Yes, I would recommend this company to a friend

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1 person found this helpful  

A generally good lifetime experience at the U.S. central bank

Senior Financial Services Analyst (Former Employee)
Washington, DC (US)

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

ProsInteresting work at the most important central bank in the world; decent pay with periodic cash bonuses; own office; civilized hours; good learning opportunities for younger professionals.

ConsCareer path opaque and perplexing; job increasingly driven by process and process fulfilment imperatives; limited view of the organization; stifling class system of management; bureaucratic procedures.

Advice to Senior ManagementBe more communicative and honest with staff. Generate genuine staff development and promotional opportunities that are equitable. Abolish "caste" system of management. Allow staff greater say (without prejudice) in building true consensus and driving organizational as well as business change.

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Federal Reserve Board reviews and ratings - including employee satisfaction and approval ratings for Federal Reserve Board CEO Janet L. Yellen. All 46 reviews are posted anonymously by Federal Reserve Board employees.