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Inter-American Development Bank

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Inter-American Development Bank reviews

3.9

82% would recommend to a friend

(564 total reviews)

Ilan Goldfajn

76% approve of CEO

72% positive business outlook

Inter-American Development Bank has an employee rating of 3.9 out of 5 stars, based on 564 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Inter-American Development Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

564 reviews
3.0
Apr 27, 2016

IDB

Recommend
CEO approval
Business Outlook

Pros

Good work environment Tax Free Salary 24 days of vacation per year for full time employees

Cons

No career opportunities for young people No innovation / risk aversion to new ideas Vertical hierarchy Poor incentive schemes

3.0
Mar 11, 2016

Mixed realities

Recommend
CEO approval
Business Outlook

Pros

The IDB is a great place for those interested working in Latin America and the Caribbean. It has an outstanding position in the region, access to goverments and projects can be really interesting. The Bank is well funded and it offers competitive salaries and career prospects. Some jobs are really rewarding.

Cons

IDB has some of the advantages of Latin America -friendly atmosphere, human relations- but also several of its limitations -nepotism, lack of strategic vision. Your career management depends almost entirely on having good relations with your boss and build up a network. Of course networking is important in every organization, but in the IDB, it seems overwhelming. There are not clear HR rules, and you may be praised and rewarded by your job if your boss likes you, or completely crashed and humiliated for the exact same job if he does not, as there are no clear criteria for evaluating performance (of course there is a formal career point system, but it is easily overlooked). Most internal positions are filled through 'lateral transfers' , which means most positions are not even published for internal competition, and staff devote then a huge amount of energy to networking and align themselves not to corporate objectives, but political (office politics) ones.

5.0
Mar 27, 2015
Recommend
CEO approval
Business Outlook

Pros

IDB has invested in recruiting young, talented and highly motivated staff. it has been successful in promoting an inclusive and dynamic working culture where experienced development professional work hand in hand to solve some of the most challenging development challenges facing Latin America and the Caribbean. The benefits package are still very strong, especially when compared with some of its sister organizations such as the World Bank, which no longer offer attractive pension, health and education allowance options for example. The IDB has a AAA rating and the perfect size to stay competitive. IDB seems to enjoy its trajectory of growth, playing a central role in the economic development of the second fastest growing region of the world.

Cons

Spanish is a must, if you are not fluent, you need to catch up quickly to be able to navigate the institutional properly. IT is not yet up to the task of a leading international bank.

Viewing 46 - 48 of 564 Reviews

Glassdoor has 957 Inter-American Development Bank reviews submitted anonymously by Inter-American Development Bank employees. Read employee reviews and ratings on Glassdoor to decide if Inter-American Development Bank is right for you.