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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

(563 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 563 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

563 reviews
4.0
Nov 1, 2012
Recommend
CEO approval
Business Outlook

Pros

This is a non-profit bank where you work on projects that actually make a difference instead of destroying the world like in private banks, i.e. financing renewable energy projects, schools, hospitals, protecting biodiversity, fighting climate change and poverty etc... There is a good work/life balance and compensation is correct

Cons

It is a very latino culture and if you are not from a latino country, you feel like an outsider Very high bureaucracy Some senior management and HR are out of touch with personnel

3.0
Oct 14, 2011
Recommend
CEO approval
Business Outlook

Pros

Fantastic chance to gain exposure to development issues in the region, work with good budgets, exposed to interesting issues. There are many people at the IDB that are extremely intelligent and work very hard, but due to the bureaucratic structure these people are swimming upstream and probably doing all the work of those around them.

Cons

IDB organizational economics is based on consultants doing all the work so that the staff can do very little. The Bank is not a meritocracy: promotion is based on personal connections or even nationality. The more you work, the less likely you are to be promoted. IDB is primarily a political organization so nice to stay if you make a good bureaucrat, but pretty frustrating if you are dedicated to technical excellence and hard work.

4.0
Sep 18, 2011
Recommend
CEO approval
Business Outlook

Pros

This is where you want to be if you're background or career goals is to work in economic development, public policy making, M&E, etc. Benefits and salary are huge if you are hired as an international employee to work for a country office (you can only be hire as a local in your home country). The action used to be in HQ, however, nowadays, with the decentralization process, the hands-on and, in my opinion, more exciting work is in the Country Offices. They are the ones getting all the face time with government authorities and executing agencies, and a executing the projects from a first person stand point of view. It is a very international and friendly environment. Long and fun lunch hours with your coworkers are usual. You get to meet people from all latin america. Most economists here are all PHDs from big name universities.

Cons

This is not the place to work in a support department (Legal, HR, IT, etc.). Many of these functions have been outsourced, their budgets reduced and thus their headcount reduced. This of course is natural since the Bank's business is not to do HR or IT. If you do join the Bank to work in one of these functions, you will find that it is completely outdated compared to other organizations. It is a very bureaucratic organization. Changes are slow and there's always a lot of resistance. Once you become permanent staff, most people will very likely aim at retiring from the Bank because of its attractive pension (which is no longer the same for new employees since a few months ago). However, because of this you will find many who are outdated and don't put a big effort into their work. If you've worked for a public government in Latin America, it is basically the same but all nationalities in one single place. If you don't speak spanish, you will probably have a hard time even in HQ.

Viewing 76 - 78 of 563 Reviews

Glassdoor has 956 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.