Federal Deposit Insurance overview

The Federal Deposit Insurance Corporation is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions. The FDIC was created by the 1933 Banking Act, enacted during the Great Depression to restore trust in the American banking system.
The staff at Federal Deposit Insurance come from unusually diverse demographic backgrounds. The organization is 39.5% female and 43.3% ethnic minorities. Despite its diversity in other areas, Federal Deposit Insurance employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 80.8%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Federal Deposit Insurance has great employee retention with staff members usually staying with the organization for 4.1 years. The average employee at Federal Deposit Insurance makes $63,581 per year. Pay at Federal Deposit Insurance is significantly lower than some of its highest paying competitors, like Federal Reserve System, Federal Reserve Bank of New York, and KPMG, which pay $108,866, $92,385, and $85,536, respectively.
A large professional organization with 5,977 employees and an annual revenue of $5.5B, Federal Deposit Insurance is headquartered in Washington, District of Columbia.

The Organization’s Mission

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by: insuring deposits; examining and supervising financial institutions for safety and soundness and consumer protection; making large and complex financial institutions resolvable; and managing receiverships.

Industry

Finance

Revenue

$5.5B

Employees

5,977

Founded in

1933

Headquarters

Washington, DC

Website

fdic.gov

Organization Type

Government

Is This Your Company?

The team at Federal Deposit Insurance

Key People
  • Franklin Roosevelt (founder)

Federal Deposit Insurance Reviews

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5.0

Zippia UserDecember 2019

5.0

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4.0

Zippia UserOctober 2019

4.0

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Federal Deposit Insurance Rankings

Federal Deposit Insurance is ranked #24 on the Best Finance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Federal Deposit Insurance Salaries

How much does Federal Deposit Insurance pay?
The national average salary for a Federal Deposit Insurance employee in the United States is $63,581 per year. Employees in the top 10 percent can make over $114,000 per year, while employees at the bottom 10 percent earn less than $35,000 per year.
9.8
Salary Score
Average Employee Earnings

Federal Deposit Insurance Salaries By Job Title

The average employee at Federal Deposit Insurance earns a yearly salary of $63,581 per year, but different jobs can earn drastically different salaries. The higher paying positions at Federal Deposit Insurance include Manager, Asset Management, Team Leader, Asset Manager, and Bank Examiner. A typical Manager, Asset Management salary at Federal Deposit Insurance is $118,245. Some of the other roles at Federal Deposit Insurance are Receptionist Telephone Operator and Clerk Typist. A worker with the title Receptionist Telephone Operator at Federal Deposit Insurance earns an average salary of $25,502 per year.

Federal Deposit Insurance careers

On average, employees at Federal Deposit Insurance stay with the company for 4.1 years. Employees most commonly join Federal Deposit Insurance after leaving Bank of America. When they leave Federal Deposit Insurance, they most frequently get their next job at Bank of America.

Average Length of Employment

Federal Deposit Insurance

4.1 years
Top Employers Before Federal Deposit Insurance
Citi8.5 %
US Army7.4 %
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Top Employers After Federal Deposit Insurance
Citi5.8 %
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Federal Deposit Insurance Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1933

Organization type

Government

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Federal Deposit Insurance Competitors

Competitors of Federal Deposit Insurance include Federal Reserve System, Federal Reserve Bank of New York, and KPMG. The wages at Federal Reserve System average higher than the other similar companies, where the median salary is $108,866 per year. The employees at Federal Reserve Bank of New York earn an average yearly salary of $92,385 per year, and the salaries at KPMG average $85,536 per year.

Frequently Asked Questions about Federal Deposit Insurance

When was Federal Deposit Insurance founded?

Federal Deposit Insurance was founded in 1933.

How many Employees does Federal Deposit Insurance have?

Federal Deposit Insurance has 5,977 employees.

How much money does Federal Deposit Insurance make?

Federal Deposit Insurance generates $5.5B in revenue.

What industry is Federal Deposit Insurance in?

Federal Deposit Insurance is in the finance industry.

What is Federal Deposit Insurance's mission?

Federal Deposit Insurance's mission statement is "The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by: insuring deposits; examining and supervising financial institutions for safety and soundness and consumer protection; making large and complex financial institutions resolvable; and managing receiverships."

What type of company is Federal Deposit Insurance?

Federal Deposit Insurance is a government company.

Who are Federal Deposit Insurance's competitors?

Federal Deposit Insurance competitors include U.S. Securities and Exchange Commission, National Credit Union Administration, Federal Reserve System, Federal Trade Commission, Israel Discount Bank, Farm Credit System, Federal Reserve Bank of New York, U.S. Department of Housing and Urban Development, Central Bank, Federal Reserve Bank of Atlanta, Enterprise Holdings, State Bank and Trust Company, Ocwen Financial, KPMG, Bank of China, FCB Financial Holdings, Wachovia Securities Financial Holdings, TD Bank NA, Banco Popular de Puerto Rico, First Southern Bank.

Who works at Federal Deposit Insurance?

Franklin Roosevelt (founder)

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You can find out what it is like to work at Federal Deposit Insurance, also known as FEDERAL DEPOSIT INSURANCE CORP, Federal Deposit Insurance and Federal Deposit Insurance Corporation.

Zippia gives an in-depth look into the details of Federal Deposit Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal Deposit Insurance. The employee data is based on information from people who have self-reported their past or current employments at Federal Deposit Insurance. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Federal Deposit Insurance and its employees or that of Zippia.