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Federal Reserve Board

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Great place to start & end worklife! Not for mid-career. - Financial Analyst Federal Reserve Board Employee Review

2.0
Dec 9, 2015
Recommend
CEO approval
Business Outlook

Pros

- Greatest pension plan in all of US government: Approximately 1.8% * # of Years Worked * Average of Top 3 Salaries. - Phenominal work like balance with flexible schedules that allow you to work 9 hr/day for 9 days and take 10th day off. Every other Friday or whatever day you chose is off. (All Federal agencies offer this) - Tuition reimbursement of $12,200 out of which $5,500 is not taxed. You are responsible for income tax on the remaining $6700. (Several other agencies have student loan assistance of upto $60,000 over 10 years) - $70 biweekly contribution towards health insurance brings down insurance cost to approximately $70/pay period for a family. (Few other agencies offer this too) - World class dental insurance that covers 90% of virtually anything.

Cons

- Very difficult to move between departments. Management does not promote growth. - Very slow & arbitrary promotions. If you get promoted to the next grade, your salary is increased by 10%. If you don't get promoted, then annual raises are 2-3%. - Bonuses are designed to make rich, richer; and poor, poorer. Higher pay grades get higher bonuses (8% - 10%). Lower pay grades get lower bonuses (3% - 8%).

Explore other reviews about Federal Reserve Board

5.0
Jun 5, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good pay, good leadership, good facillities

Cons

Increased stress from current admin

2.0
Jul 24, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

pays better than other govt jobs. first couple years can be good, depending on your manager. Take advantage of any training benefits that you can, so you can stay competitive in your field

Cons

no resources for tech or IT people - treat this job as your way to retire, or get out after 5 years and find something better. Promotion is all about tenure and politics - not sure why you would want to bother with that anyway. Mismanagement means that time and money gets wasted. Benefits are not as competitive anymore with the industry. Changes across all of govt have also really affected this place - lack of culture as an example

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