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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
3.0
Apr 27, 2016

A noble mission that fades away in an ocean of bureaucracy

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Investing in Latin America and the Caribbean with the goal of reducing poverty and inequality, by improving infrastructure, access to education and health services, so on and so forth. For staff members (not consultant/contractual personnel) there is a generous benefits package, specifically their health insurance (for employee and dependants) and pension fund. Vacation time - you can accumulate up to 24 vacation days (without including weekends or holidays) per year and roll them over (up to 12 vacation days) to the following year.

Cons

Bureaucracy, bureaucracy, bureaucracy... Did I say bureaucracy? Procedures are painfully cumbersome. To get anything approved (project, transaction, etc.) you need: long documents (that frankly very few people read), the sign off of "experts" and "specialists" and tons of Committees. Personnel recruitment and human talent management is a joke! While there are certainly excellent professionals, there is no shortage of incompetent employees that keep their jobs thanks to "other skills" and/or relationships. Depending on the organizational unit (some are very good, some are a disaster), it might not be a good place for entry-level professionals in that they are not going to learn skills that can be useful in the real world.

2.0
Apr 21, 2016

Nice idea.. not so great afterwards

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Nice and interesting work. Nice mission. Looks like a great opportunity to learn and grow. Provides opportunity to work in Washington since they sponsor the working visa. You can learn of many sectors.

Cons

There are minimal to none possibilities to grow. Extremely bureaucratic system where it is very difficult to get things done. You are constantly navigating internal politics and nonsense. Lots of people with a lot of ego. You most likely end up drawn in politics and bureaucratic stuff leaving little room to take advantage of the Pros. Male oriented and dominated environment. If you are a consultant, your chance to becoming a staff are about 2%. Most positions are pre-assigned and who knows who and political influence are the most important driver in hiring.

2.0
Mar 13, 2016

Fascinating Projects - Shameful Politics

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great place to learn about Latin America. Interesting projects. Good salary - excellent benefits. Access to governments and companies throughout the region. The name opens doors. Stay a few years but don't stay too long unless you are a political animal and dont believe in a merit-bases world.

Cons

The IDB is highly political in the worst possible way. In the reorganization of the private sector, the people heading the transition team awarded themselves the top jobs and the new head of investments proceeded to liquidate all the existing management and retain her cronies. HR set up bogus interview panels that all received instructions from the same person. The career management system is a joke - it all depends on who you know not what you know.

Viewing 10 - 12 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.