Does FHLBank Chicago pay their employees well?

According to anonymously submitted Glassdoor reviews, FHLBank Chicago employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at FHLBank Chicago. This rating has decreased by 7% over the last 12 months.

How satisfied are employees working at FHLBank Chicago?

48% of FHLBank Chicago employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated FHLBank Chicago 3.2 out of 5 for work life balance, 3.2 for culture and values and 2.8 for career opportunities.

What are the top reviewed jobs at FHLBank Chicago?

Analyst (8) , Intern (5) , Manager (5) , Intern - Hourly (3) , Internship (3) , Risk Analyst (3) , Rotational Analyst (3) , AVP-Operations (2) , Associate (2) , Business Analyst (2) , Director (2) , Executive Assistant (2) , IT Engineer (2) , Senior Accountant (2) , Senior Analyst (2)

What are the pros of working at FHLBank Chicago according to real employee reviews?

"Good Benefits and 401K Plan" ((in 33 reviews)); "Great people to work with." ((in 20 reviews)); "Offers good work life balance" ((in 8 reviews)); "Salary is GOOD" ((in 7 reviews)); "Everyone was always willing to help you out but also gave you enough space to work independently." ((in 4 reviews))

What are the cons of working at FHLBank Chicago according to real employee reviews?

"Management somewhat detached." ((in 10 reviews)); "aggressive culture where no one wants to own anything and pass" ((in 7 reviews)); "Currently, accomplishments and contributions are only acknowledged if a manager or co" ((in 6 reviews)); "Pay not as high as market rates" ((in 5 reviews)); "senior leadership must wake up now!! management dont seem to care as long as they win diversity awards." ((in 5 reviews))

What are employees saying about FHLBank Chicago layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about FHLBank Chicago layoffs and their outlook for job security at FHLBank Chicago in 2026.

FHLBank Chicago reviews

3.2

48% would recommend to a friend

(167 total reviews)

Michael Ericson

48% approve of CEO

57% positive business outlook

Ratings by demographic groups

Race / Ethnicity

Gender

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FHLBank Chicago has an employee rating of 3.2 out of 5 stars, based on 167 company reviews on Glassdoor which indicates that most employees have a good working experience there. The FHLBank Chicago employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

167 reviews

4.0

Sep 25, 2011

the audit intern position supports young professionals to proactively grow by being heard in a team environment

Audit intern

Recommend

CEO approval

Business Outlook

Pros

-good compensation -flexible working hours -accommodating management to school hours -depth of experience opportunities in all areas of bank

Cons

-sometimes too laid back -ability to get lost if you are not self-starting, proactive, and voice your wants/needs -possibly repetitive if you do not take it seriously and proactively

3.0

May 31, 2011

No Career Path

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Great benefits, salary, beautiful location, some nice people. The small number of employees allows for plenty of stretch assignments, and there is an incredible tuition reimbursement program.

Cons

Very cliqueish at the top levels of management. If you're in with the in crowd, or considered a "darling" of one of the annointed, you will have a very nice bonus year after year. Lots of creative hiring or "re-engineering" to elevate or bring in cronies with no job postings or legitimate interviews.

4.0

Apr 11, 2011

good balance between job and life

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

stable, appropriate pressure level and able to learn some new stuff

Cons

not much growth in career

Viewing 160 - 162 of 167 Reviews

Jobs at FHLBank Chicago

Senior Salesforce Developer

Sales & Strategy Analyst

FHLBank Chicago

FHLBank Chicago reviews

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Ratings by demographic groups

Reviews by job title

the audit intern position supports young professionals to proactively grow by being heard in a team environment

No Career Path

good balance between job and life

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