Years of Experience
Average pay is $117K per year for those with five to nine years of experience. The largest slice of the U.S. Federal Reserve workforce (40 percent) has been working for one to four years and earns, on average, around $77K annually.
The highest paychecks go to Information Technology Support Specialists, who earn $98K per year on average, closely trailed by Financial Analysts (approximately $80K) and Financial Systems Analysts ($72K).
Residents of Washington, DC pick up paychecks that are higher than any other city — the median salary is about $89K annually; other top-paying cities include St. Louis, Mo. ($73K) and Richmond, Va. (about $65K). By state, District of Columbia offers the highest pay at approximately $84K per year.
Certifications and Degrees
Regarding salaries and education, U.S. Federal Reserve pays those with a Master of Arts (MA) the most — around $107K.
The highest-paying skill in this position seems to be Shell Scripting; individuals who report it as part of the repertoire have a median income of $107K annually. One of the more prevalent skills at U.S. Federal Reserve is Data Analysis, with over a third considering it a key competency. Key skills also include Financial Analysis, SQL, and Statistical Analysis.
Benefits and Perks
With an eye toward the future, U.S. Federal Reserve offers several choices in retirement planning such as a 401(k) plan and a company pension plan. A large number of workers receive health insurance, and most workers get dental coverage. U.S. Federal Reserve also dishes out privileges such as a company cell phone, life insurance, flexible hours, gym membership, and tuition reimbursement.