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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

(565 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 565 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

565 reviews
4.0
May 19, 2023
Recommend
CEO approval
Business Outlook

Pros

- Good entry level organization - Competitive salary and benefits - Inclusive and diverse

Cons

- Culture and politics is not for everyone - Promotion is not straight forward - Very bureaucratic processes - Staff vs non-staff treatment

1.0
May 16, 2023
Recommend
CEO approval
Business Outlook

Pros

-The mission of the bank is very attractive if you want to help the region. -Visa sponsor to work in USA. -You are payed on time. -The amenities in the building are being renovated -New colleagues are great! (if they are too great will leave soon for a better opportunity) -2 days of payed leave each month. (This is a CONS for consultants as they need to use this days if they get sick instead of using them as vacations) -Gender neutral parental leave (be aware that staff positions have longer parental leave than consultants) -Staff positions have health insurance with Cigna (which covers medical, dental, vision, preventive care, and prescription drugs)

Cons

General: -High bureaucracy and hierarchical environment -A lot of people have been working there for long time (15 to 20 years), some of them keeping old/obsolete practices and antagonizing the efforts for innovation. -Toxic environment in a lot of areas, colleagues complaining about mental health. Non-healthy competitiveness. -Some colleagues have only worked for the Bank in their lifetime and have not made any efforts to keep learning and are just waiting to get their juicy retirement package. -"Work assignments" are being used to also move employees to areas where they do not have experience due to political issues/ convenience. For Consultants: -Maximum of 3 years in consultant positions (you can't have another contract in your lifetime as consultant) -There are consultants that have responsibilities from a staff level position, yet paid as consultants. -No career opportunities, you will need to apply to staff position as someone external, unless you are well connected (favoritism or nationality preference) -When moving to USA, they don't help you with housing. You only get your tickets and a lump sum for reallocation if your contract is more than 17 months. -No budget / access to learning and development courses. You will only have access to generic seminars (to basic for someone who has experience) -Consultants make the "hard work" and often do not receive credit. -Contract includes $250 allowance to pay your medical insurance, but usually you will need to pay extra as it is expensive in the USA. -Remote consultants that work for Washington offices get paid according to their country (location). -Consultants are treated as contractors of vendors, they come and go all the time. -I would not recommend taking a consultant position if you have family with kids, the benefits are not enough. For Staff: -Mobility and growth is hard, you can spend 10+ years in the same position, only getting more workload. -"Machismo" is still embedded in the culture, promoting more men than women. -You can get "work assignments" doing more work and getting payed the same (for years)

4.0
May 15, 2023

All good

Recommend
CEO approval
Business Outlook

Pros

All good and nice ok

Cons

No cons found on my experience

Viewing 121 - 123 of 565 Reviews

Glassdoor has 958 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.