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Inter-American Development Bank

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Inter-American Development Bank reviews

3.9

80% would recommend to a friend

(135 total reviews)

Ilan Goldfajn

82% approve of CEO

76% positive business outlook

Reviews by job title

135 reviews

Reviews about "Compensation"

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1.0
May 28, 2019

Don't accept a job offer for consultant positions

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Unfortunately, I don't have anything positive to add here.

Cons

I was hired as a consultant. At that time, I didn't have idea of the different types of contracts that the bank has. Basically, you will work as hard as the staff employees, but you will not have the same benefits and salaries. Consultants can work for a limited time and after that, if they do not get a staff position they need to return to their countries. I thought I could have a chance to get a staff position, but it is extremely hard. In many cases I saw that not the most qualify candidate was hired, the panel chose a person who had connections inside the bank. I worked at the IDB for four years and I didn't have maternity leave. Once I asked the HR if I get pregnant, what should I do, and they replied to me that I need to use my vacations. Now the policy has changed, but there is some maternity leave but make sure that you have good health insurance because hospitals in the U.S. are very expensive. Moreover, daycare can cost $2000,00 per month. Staff employees have sick and personal days. On the other hand, consultants do not have those benefits too. It is ridiculous that an organization that says that is improving lives in the LAC region does not care about their own employees. I felt like a white slave and stayed there because I needed the visa. This horrible experience made me feel anxious and with health problems. I was not the only one, many colleagues suffered that too. If you receive a job offer as a consultant, please compare it to staff salaries. A table can be found in the annual report (google IDB Annual report, I cannot add links here). The living costs in DC area are expensive so don’t come with your family to make ends meet. I would only recommend it for a single person at the beginning of the career to add an international experience to the resume.

4.0
Mar 18, 2019
Recommend
CEO approval
Business Outlook

Pros

- Great company mission - Opportunity to travel - Interesting projects - As a funder organization, we're not scrambling to write grants - Great supervisors, though it depends on the department - Ability to define my own work - Great speakers come to the IDB (Arianna Huffington, Luis von Ahn), and opportunities for fun (salsa and art classes) after work - Fair compensation, but you must negotiate your rate for it to be competitive - Good work-life balance. You're not expected to stay late at the office.

Cons

- No benefits (health, retirement, etc.) for consultants - Changes in contract procedures mean consultants are forced out after a certain number of years, which leads to bitter employees who could have further contributed to the Bank

1.0
Feb 23, 2019

Not worth, stay away

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Salary (while your term lasts). Easy going environment, but a bit too much may not be a pro.

Cons

3 yrs max you can stay as a consultant under new HRD rules. 3 yr Fixed terms entail more stability but extremely difficult to get. Mandate of filling quota w women makes harder for men out to get in . Huge favoritism towards colombian nationals. Lack of accountability and transparency in pretty much everything.

Viewing 97 - 99 of 135 Reviews

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