Fed reserve and job security politics

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You speak as though you’ve been offered the job. Apply and see what happens first.

OP here, apologies if it comes across that way. Just trying to think a few years ahead.

Oh . This is such a long shot then. An MBA and a bachelors? What a weird fit for the Fed. They are PhD economist and attorneys.

You did just focus on levering your MBA to take in the big bucks in private and retire early.

There are a fair number of MBA's in S&R, RBOPS, DCCA, and even some in FS.

[Anonymous]

Executive MBA is not the same as a traditional MBA. Does top 10 mean it wasn't an M7 program?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You speak as though you’ve been offered the job. Apply and see what happens first.

OP here, apologies if it comes across that way. Just trying to think a few years ahead.

Oh . This is such a long shot then. An MBA and a bachelors? What a weird fit for the Fed. They are PhD economist and attorneys.

You did just focus on levering your MBA to take in the big bucks in private and retire early.

There are a fair number of MBA's in S&R, RBOPS, DCCA, and even some in FS.

Sure, but I'm sure all them had them MBA a long time ago, and probably started at another agency to build relevant experience. No goes "I'll get an MBA to aim for the Fed at graduation"

[Anonymous]

Anonymous wrote:The Federal Reserve Board can and has laid off people. If you want more protection go civil service.

This. There's no union at the FRB or the Reserve Banks. People do get laid off/fired/pushed out all the time for a variety of reasons. Lots of big personalities who control their fiefdoms.

That said, there's plenty of room in RBOPS, S&R, DCCA, and FS for someone with your profile. There are plenty of people who did not go to "name brand" schools and/or did night classes in stats, econ, etc. while working an entry level position at the Board. But you really need to have direct relevant experience to the position for which they are hiring. They will just leave a position unfilled until the right person comes along. Further, you're also competing with Reserve Bank folks out in the regional offices - lots of them want to land a gig in DC at the FRB and they have direct relevant experience.

TBH, its easier to get into a Reserve Bank and then lateral to the FRB after a couple years.

[Anonymous]

I know of a colleague who recently interviewed at the Federal Reserve ( DC). Two
Interviews and the staff took her to lunch at the 2nd interview. I thought she was a shoo- in after all this. They didn’t even contact her to let her know that they had picked someone else.

Just so so poor and unprofessional. Is this the sort of rude culture the Federal Reserve currently has?

[Anonymous]

Anonymous wrote:I know of a colleague who recently interviewed at the Federal Reserve ( DC). Two
Interviews and the staff took her to lunch at the 2nd interview. I thought she was a shoo- in after all this. They didn’t even contact her to let her know that they had picked someone else.

Just so so poor and unprofessional. Is this the sort of rude culture the Federal Reserve currently has?

Yes, and no.

Staff who took her to lunch probably really liked her and wanted her. That's actually pretty rare to take a candidate to lunch.

But they were overruled by someone else higher up in the chain who wanted someone else. Sucks, but that's the game.

FRB division HR rules the roost when it comes to hiring. They don't explain their decisions.

[Anonymous]

Ok. Thanks. It just seemed very poor. Go for a second interview, go to lunch with the staff, and then zilch. So bad.