Working at Federal Reserve as an attorney

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How much do they make? Compared to, say, someone in SEC Enforcement?

Way more, particularly when you account for salary vs years out of law school. Just be aware that a decent portion of your total comp is the yearly variable comp. Also, don't forget that the Federal Reserve is on its own retirement system (unlike SEC), has a higher Thrift Savings match, and has a stipend to offset health insurance employee premiums.

Sorry to press, but how much is way more, considering an average dc SEC staff atty can expect to make 220ish

I would not expect to make "way more" at FRB than SEC in an attorney role. The pension overall makes the Fed more desirable. But the salary and benefits are very comparable.

I can assure you knowing people at both that it's not even that close.

Why in the world does this mean? What is not even that close to what?? How the heck is this useful?

[Anonymous]

This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

[Anonymous]

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

NP. Thank you, sane person!

[Anonymous]

Anonymous wrote:

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

NP. Thank you, sane person!

I posted earlier that the total compensation and benefits package is roughly equivalent for both, wit the exception of the FRB pension.

Some of this is publicly available information.

https://www.sec.gov/ohr/sec-compensation
https://www.federalreserve.gov/careers-salary.htm

And note that the first SEC table does not include locality pay. You have to add on the locality percentage in the second table. FRB does not have locality pay.
The FR-28 is roughly equivalent to the SK-155. So the top of that grade is FRB: 240K and SEC: 238K

[Anonymous]

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

People at the Fed are generally uncomfortable because we don't report publicly salaries for anyone but our top staff, and those reported pay amounts don't include our variable pay. Theoretically, it would be pretty easy to out someone if they posted their base and their variable pay, which is performance based.

If it would be useful, I graduated between 2009 and 2013, and at the Fed, my total pay is between 230 and 250k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

NP. Thank you, sane person!

I posted earlier that the total compensation and benefits package is roughly equivalent for both, wit the exception of the FRB pension.

Some of this is publicly available information.

https://www.sec.gov/ohr/sec-compensation
https://www.federalreserve.gov/careers-salary.htm

And note that the first SEC table does not include locality pay. You have to add on the locality percentage in the second table. FRB does not have locality pay.
The FR-28 is roughly equivalent to the SK-155. So the top of that grade is FRB: 240K and SEC: 238K

Comparing the top of the bands isn't super useful because folks don't start at top of Nad and Fed Pay doesn't include the variable pay component. Also, non managerial attorneys at the Fed top out at FR29, which maxes out at 250k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

People at the Fed are generally uncomfortable because we don't report publicly salaries for anyone but our top staff, and those reported pay amounts don't include our variable pay. Theoretically, it would be pretty easy to out someone if they posted their base and their variable pay, which is performance based.

If it would be useful, I graduated between 2009 and 2013, and at the Fed, my total pay is between 230 and 250k.

OMG get over yourselves

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

NP. Thank you, sane person!

I posted earlier that the total compensation and benefits package is roughly equivalent for both, wit the exception of the FRB pension.

Some of this is publicly available information.

https://www.sec.gov/ohr/sec-compensation
https://www.federalreserve.gov/careers-salary.htm

And note that the first SEC table does not include locality pay. You have to add on the locality percentage in the second table. FRB does not have locality pay.
The FR-28 is roughly equivalent to the SK-155. So the top of that grade is FRB: 240K and SEC: 238K

Comparing the top of the bands isn't super useful because folks don't start at top of Nad and Fed Pay doesn't include the variable pay component. Also, non managerial attorneys at the Fed top out at FR29, which maxes out at 250k.

Somebody asked for real numbers, I gave real numbers. And the variable pay component (which SEC also has) was already mentioned.

[Anonymous]

What's the variable pay for Fed Legal? 10-15% of salary?

[Anonymous]

Anonymous wrote:

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

People at the Fed are generally uncomfortable because we don't report publicly salaries for anyone but our top staff, and those reported pay amounts don't include our variable pay. Theoretically, it would be pretty easy to out someone if they posted their base and their variable pay, which is performance based.

If it would be useful, I graduated between 2009 and 2013, and at the Fed, my total pay is between 230 and 250k.

NP and since we are comparing the SEC and FRB I can tell you that I work at the SEC, graduated in 2009 and my pay is $180K. You guys are paid substantially better than we are but I'm assuming you are not bound by a pay matrix when hiring laterals like we are.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

NP. Thank you, sane person!

I posted earlier that the total compensation and benefits package is roughly equivalent for both, wit the exception of the FRB pension.

Some of this is publicly available information.

https://www.sec.gov/ohr/sec-compensation
https://www.federalreserve.gov/careers-salary.htm

And note that the first SEC table does not include locality pay. You have to add on the locality percentage in the second table. FRB does not have locality pay.
The FR-28 is roughly equivalent to the SK-155. So the top of that grade is FRB: 240K and SEC: 238K

Comparing the top of the bands isn't super useful because folks don't start at top of Nad and Fed Pay doesn't include the variable pay component. Also, non managerial attorneys at the Fed top out at FR29, which maxes out at 250k.

Somebody asked for real numbers, I gave real numbers. And the variable pay component (which SEC also has) was already mentioned.

NP and while the SEC does have a bonus program it was designed to only be awarded to the top 5-10% of performers so I would not expect regular bonuses.

[Anonymous]

240K FRB; lateral hire. Grad 2017.

[Anonymous]

Anonymous wrote:240K FRB; lateral hire. Grad 2017.

^this seems high

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This thread has taken a weird turn. I don’t know why people won’t just say their salaries. This is an anonymous board, folks. I will start. I work at DOJ. I graduated from law school in 2003 and am a GS 15 and make 176,000. Hope that’s helpful to someone. It’s not on topic for this thread, but this thread is full of weird vagueness and I wanted to demonstrate useful salary info.

People at the Fed are generally uncomfortable because we don't report publicly salaries for anyone but our top staff, and those reported pay amounts don't include our variable pay. Theoretically, it would be pretty easy to out someone if they posted their base and their variable pay, which is performance based.

If it would be useful, I graduated between 2009 and 2013, and at the Fed, my total pay is between 230 and 250k.

NP and since we are comparing the SEC and FRB I can tell you that I work at the SEC, graduated in 2009 and my pay is $180K. You guys are paid substantially better than we are but I'm assuming you are not bound by a pay matrix when hiring laterals like we are.

FRB has a matrix, too. I believe their base salary offers to laterals are dependent on years out of law school and in the range of 10-15k more than SEC. Not sure what the % range for variable pay is at the SEC.

[Anonymous]

SEC lawyers, however, do have a way higher salary schedule than most other government attorneys. It was raised maybe 20-25% some years ago as "pay parity" to compete with the salary ranges at the bank regulators and reduce exodus to private sector common then.