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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
9 Dec 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
5 June 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good pay, good leadership, good facillities

Cons

Increased stress from current admin

5.0
4 June 2026
Recommend
CEO approval
Business outlook

Pros

Research autonomy was given starting day one.

Cons

If you don't find your niche, you can get lost in the system.

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