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Inter-American Development Bank

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Inter-American Development Bank reviews

3.9

84% would recommend to a friend

(564 total reviews)

Ilan Goldfajn

78% approve of CEO

74% 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
2.0
Dec 16, 2014
Recommend
CEO approval
Business Outlook

Pros

The best things about working at the IDB are: The interesting travel and projects you might be working on. If you are a project manager you will be an expert in some particular area of developmental finance, like transportation, for example. You will travel all over Latin America and the Caribbean advising governments on their transportation networks and making large loans to them. However, if you do not have a line job, that is a job working on projects, you may well have a very boring staff job in HR or project evaluation or coordinating with other developmental organizations that are do nothing jobs that are very difficult to escape from. Job security is great. For some reason it is very hard to fire someone, though if you are a complete loser they will eventually find a way. Salary and benefits are good. Health insurance is excellent. And for non-U.S. citizens the fact that you can move to Washington and have babies that are U.S. citizens is a great advantage.

Cons

Most positions above project manager are political. You will need a mentor to advise you on how to get ahead. Some positions are reserved for persons of specific large member country like Brasil or Mexico or the U.S. Also, there is a good deal of subtle corruption going on. The President will always put his friends in the senior positions regardless of their qualifications and will always try to buy the next election for President by doing this and by pressuring staff to be nice to the countries whose votes he needs. And this corruption trickles down and pollutes the whole organization with many staff members doing whatever their managers want them to even if it works against the goal of helping countries to develop. It is an extremely wasteful and inefficient anti-meritocracy. Finally, it is very hard to leave the IDB once it sucks you in. Some are ruined for life by the lack of accountability that characterizes the organization and many private sector companies know this and don't recruit from the IDB.

1.0
Jan 1, 2017

Know what you get into

Recommend
CEO approval
Business Outlook

Pros

Salary, but depends on many factors staff or consultant etc. Slow pace of work. Great if this is how you want to end your career. Gym, cafeteria and credit union.

Cons

Not much to add since many reviews have covered all bases. If you are hired as a consultant run fast and far from here. The young motivated and well educated have a lot to lose here. After years they will hire only those politically connected. Chances are that you are not political if started as consultant. Moving to staff is almost impossible, like winning the lottery. This place has all the same problems that undermine the institutions of the very same countries they pretend to help. Highly hypocritical. Very wasteful, they spend millions in projects and unnecessary missions. No transparency and accountability with their funds. Permanent workers (staff) do not have incentive to work hard as they have security for life. Staff keep hiring consultants to dump all their work they don't want to do. About consultants, as soon as they realize that they will never be promoted to staff, after 1 year or less they are completely demoralized. Slow pace of work, lack of career progress, few chances to show your innovative drive are factors to consider before you move here. Hard to be hired after working as a consultant here.

1.0
Oct 1, 2020
Recommend
CEO approval
Business Outlook

Pros

Colombian empanadas at the cafeteria were really good

Cons

To be hired as a proper staff with benefits you need the right nationality. With former CEO this was a must. If you are from small under-represented countries don't bother coming to this place. Hiring and promotions of some groups intensified in the last few months. Consultants in need of a G4 visa do staff work with no benefits or stability. Staff sometimes abuse them. No visibility is given to those who get the job done. Other times, staff create more work out of thin air that is not even remotely in your contract TORs, and you don't feel in a position to complain. This figure of "consultants" should not exist at all in an institution that allegedly is fighting inequality. The institution lacks professionalism across the board. Deadlines are a suggestion. To approve one miserable thing takes months and sometimes years pass without anything happening, until you get just an "ok". Top hierarchies are overpaid for what they do. Staff is obsolete or mediocre and lacks motivation to improve themselves. The only thing staff do is to push for more money to hire more 'consultants'. In consequence, half of the workforce works underpaid and abused and the other half just drink cafecito in the cafeteria. In sum, the IDB is a disaster, and I don't recommend it unless the new CEO radically alter the status quo.

Viewing 4 - 6 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.