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private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Jan 19th, 2021 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Administrative
|
United States
|
USA
|
Great Place to Work
|
|
Great Employee Benefits, Great People, Excellent Leadership
|
There are no cons yet.
|
|
|
|
|
1.0
|
APPROVE
|
0.0
|
4.0
|
3.0
|
4.0
|
4.0
|
5.0
|
4.0
|
|
18457
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
2.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Jan 14th, 2021 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Assistant Examiner
|
Chicago, IL
|
|
Solid Career Choice!
|
|
Benefits, increasing competitive pay, time off, flex schedule
|
Workload heavy at times, fast learning, requires involvement in activities outside of scope of work for bonus considerations, silos, still needs more diversity
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
4.0
|
4.0
|
4.0
|
5.0
|
5.0
|
5.0
|
|
18457
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
4.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Dec 17th, 2020 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Lead Examiner
|
United States
|
USA
|
Good place limited upside and downside
|
|
The job is very stable, very low volatility in terms of turnover.
|
Internal staff advancement is slow and pay is low, you are better off as coming in as as external hire pay wise.
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
5.0
|
5.0
|
4.0
|
3.0
|
4.0
|
4.0
|
|
18457
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
6.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Nov 29th, 2020 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Human Resources
|
Chicago, IL
|
|
Happiest I've Ever Been in My Career
|
|
I've been in the job market for a little over 10 years. This is the first employer where I could see myself staying long-term, and it's the first place i've worked where I feel the organization aligns with my values.
Significant emphasis on diversity, equity and inclusion (there's a whole team with a strategic emphasis on enhancing DEI efforts, and it's a measurable goal for senior leadership). It's also a very parent-friendly organization. (Flex time, emphasis on work-life-balance, sometimes we see kiddos around the office when employees are in a pinch with childcare.)
Amazing benefits package (401k, pension, comprehensive medical/dental/vision, transportation stipend, onsite gym, decent cafeteria, parent-friendly culture, generous tuition reimbursement).
The organization hires really well--some of the most brilliant, funny and caring people i've ever had the privilege to work with. A very relationship-focused culture
Super progressive culture--great affinity groups that are not an afterthought, LGBTQ-friendly, amazing women in leadership positions.
|
Defined career paths are tough to come by. Raises are meager even when you work your tail off, and bonuses are arbitrary and not super-transparent.
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
2.0
|
4.0
|
5.0
|
5.0
|
4.0
|
4.0
|
4.0
|
|
18457
|
Open
|
While the overall sense is that the organization has made significant and positive strides with its culture, this is not felt consistently by employees. There are some very senior leaders whom the Fed does not feel compelled to "push out", and they are toxic and rigid--as we see in some reviews. Additional accountability and a willingness to weed out the "bad apples" is desperately needed in some areas.
There is quite a bit of favoritism in some departments (including my own) that needs to be addressed.
Walk the talk when it comes to innovation and a so-called willingness to "fail fast". We have a whole department devoted to innovation, and the impact of such department hasn't been felt.
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
4.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Nov 29th, 2020 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Analyst
|
Chicago, IL
|
|
Nice people but very outdated processes
|
|
People, work-life balance, development opportunities, job security, benefits
|
Processes are very old, very bureaucratic
|
|
|
1.0
|
POSITIVE
|
0.0
|
NO_OPINION
|
0.0
|
3.0
|
3.0
|
4.0
|
4.0
|
4.0
|
2.0
|
|
18457
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
2.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Oct 27th, 2020 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Vice President
|
Chicago, IL
|
|
Great Place to Work
|
|
Flexibility, lateral movements, diverse talent
|
The could offer more competitive salaries and promotions are limited
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
5.0
|
5.0
|
3.0
|
5.0
|
4.0
|
4.0
|
|
18457
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
0.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Oct 27th, 2020 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Senior Web Content Analyst
|
Chicago, IL
|
|
Great company
|
|
Good pay, great benefits, flexible schedule, career advancement opportunities
|
Slow moving (lots of bureaucracy)
Behind most industry trends
Reluctant to change
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
4.0
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
|
18457
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
2.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Oct 6th, 2020 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Quantitative Researcher
|
Chicago, IL
|
|
A great institution to begin your career
|
|
Friendly collegiate atmosphere and a good place to learn.
|
Unfortunately there are limited career opportunities
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
|
|
1.0
|
3.0
|
5.0
|
3.0
|
2.0
|
2.0
|
2.0
|
|
18457
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
0.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Sep 20th, 2020 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Internship
|
United States
|
USA
|
Great Internship
|
|
Great Place to learn and network with other professionals.
|
Everything during my Internship was great.
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
|
18457
|
Open
|
|
0.0
|
[]
|
PART_TIME
|
No
|
No
|
|
0.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|
|
private:federalreservebankofchicago
|
https://www.glassdoor.com?employer_id=18457
|
Jul 29th, 2020 12:00AM
|
Open
|
Open
|
Federal Reserve Bank of Chicago
|
Bank Examiner
|
Chicago, IL
|
|
Still Traumatized
|
|
Benefits: health, education, retirement, etc.
|
I still have anxiety from my time working here. There was so much political play in, not only my career, but in the careers of others working here. I have had a difficult time trusting employers since I left. I truly hate this place. If you stay out of management/leadership roles you may do well. But even then, the most important skill set for a career here is likeability and malleability. Be likable and malleable, and a little naive, and you will go far. Ultimately, however what's most frustrating is that continued progress and success here has little to do with your compentency at your job. In my experience and as witnessed for others, your competency can be arbitrarily overlooked altogether when evaluating your "Culture" rating relative to your performance. Essentially, it is a subjective criterion that's supposed to rate how well you work within the culture of the organization. Unfortunately, it's also used to bury biases and grievances. If they want you out, then they will move you out despite your work and contribution by claiming your have poor "Culture" habits. I literally had my manager and that manager's manager lie when it came to my culture assessment because they wanted to eliminate jobs and didn't have the nerve to just say they needed to reorganize. And ultimately, it's cheaper to pay lesser qualified people to do work as well, which is why I think parts of the bank are suffering with ageism and deferring to hiring and promoting younger staff. It shocked me but it shouldn't have because I'd seen them do it to others, I just thought and hoped it wouldn't happen to me. Like I said, because I thought I'd built a career here and I trusted my superiors and legitimately believed in the organization and the mission, I still have professional anxiety and trust issues because of my experiences here. The second most important skill set is the ability to dodge bullets and even that skill will only get you so far, as I saw even 15 year and 20 year employees get yanked around badly. They however, couldn't really leave if they had families or were otherwise already heavily invested in their career there. And even if you manage to get past one trial here, wait-there will be another one a short time later. You get fatigued with the games. Believe me, there are a lot of people just counting down to retirement.
|
-1.0
|
NEGATIVE
|
0.0
|
NEUTRAL
|
1.0
|
APPROVE
|
12.0
|
1.0
|
2.0
|
1.0
|
2.0
|
4.0
|
1.0
|
|
18457
|
Open
|
I don't have any advice as I don't expect the management to take advice at all. Taking advice would mean they have integrity and I saw from my time there that, while not all senior management lack integrity, there is a large segment that does. Rather, I hope through one method or another, the questionable inner workings and toxic culture is publicly revealed and evaluated, and changes are legally mandated. Overwhelmingly I had good managers, who were encouraging, supportive, intelligent, enjoyable and trustworthy people. But when I had bad managers, they were very bad and unfortunately, they were members of senior management which made their impact more pervasive and worse. Specifically, I mean that senior management was prone to racial bias and underhandedness, for example, seeking to appear to recruit and promote people of color in order to impact their D&I metrics while tacitly stalling the careers of existing POC employees for unclear reasons. This is done by interviewing a required number of POC candidates but then not hiring any of them. And otherwise stagnating the careers of POC employees for years while promoting similarly or sometimes lesser qualified non-POC employees, but telling the POC a wide variety of nonconcrete reasons as to why they were not promoted. As I mentioned previously, simply lying on performance evaluations and including dated or subjective content in order to find a way to stall or otherwise drive out an employee, which I witnessed happen to both POC and non-POC, is another way they manipulate careers. Again, it's such a coveted job and institution, with excellent benefits, you just keep quiet and do your work hoping something similar won't happen to you, which is ultimately very shortsighted. I now keep a relationship with a lawyer specializing in employment law, I document my meetings in shared files as well as the content of meetings. And I avoid meeting alone with anyone. All this because I don't trust any employer because senior management at this organization lied about their actions and words and I couldn't prove otherwise. And I witnessed them do this several others. I wouldn't trust any one of the senior managers I used to work for farther than I could throw them. And while I walked away from a healthy salary and benefit package, that I haven't matched since I left, I would never work for this place again. That said, I'd like to mention again that not all the managers or senior managers or leadership of the organization was this way but there is significant pocket of poor managers with bad business practices that make the organization look bad and traumatizing to work for.
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
9.0
|
|
|
|
Feb 7th, 2021 11:53PM
|
Feb 7th, 2021 11:53PM
|
Federal Reserve Bank of Chicago
|
|
|