Years of Experience
Workers who have been with the company for more than one year but less than five can make about $81K per year on average. The largest fraction of U.S. Federal Reserve people (37 percent) have been working for five to nine years and earn $85K annually on average.
The highest average salaries go to Auditors, who bring in close to $90K per year, though Financial Analysts are not far behind at around $83K annually.
By state, District of Columbia offers the highest pay at approximately $86K per year.
Certifications and Degrees
Certified Fraud Examiners are compensated at a much higher rate than non-authorized workers, bringing in close to $90K annually. Project Management Professionals with credentials can live quite comfortably; median salaries come in at about $74K per year. The highest-paying degree here is a Master of Business Administration (MBA), Business Administration; U.S. Federal Reserve awards approximately $85K to these degree-holders.
The highest-paying skill to have may be Microsoft Word; employees who claim proficiency also report a higher average salary of around $94K annually. It's pretty common to find people here who know Financial Analysis; roughly one-half consider it a key competency. Employees also tend to round out their skills sets with Microsoft Excel, Data Analysis, and Auditing.
Benefits and Perks
Company compensation for vacation days and sick leave is awarded to only 35 percent. A large number of survey participants save for retirement through U.S. Federal Reserve's 401(k) plan. A large number of employees can count on health insurance, and most workers have dental coverage as a benefit. U.S. Federal Reserve folks also make good use of flexible hours, tuition reimbursement, optional telecommute / work from home, and life insurance.