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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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3.0
Apr 27, 2016

IDB

Recommend
CEO approval
Business Outlook

Pros

Good work environment Tax Free Salary 24 days of vacation per year for full time employees

Cons

No career opportunities for young people No innovation / risk aversion to new ideas Vertical hierarchy Poor incentive schemes

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.

3.0
Mar 11, 2016

Mixed realities

Recommend
CEO approval
Business Outlook

Pros

The IDB is a great place for those interested working in Latin America and the Caribbean. It has an outstanding position in the region, access to goverments and projects can be really interesting. The Bank is well funded and it offers competitive salaries and career prospects. Some jobs are really rewarding.

Cons

IDB has some of the advantages of Latin America -friendly atmosphere, human relations- but also several of its limitations -nepotism, lack of strategic vision. Your career management depends almost entirely on having good relations with your boss and build up a network. Of course networking is important in every organization, but in the IDB, it seems overwhelming. There are not clear HR rules, and you may be praised and rewarded by your job if your boss likes you, or completely crashed and humiliated for the exact same job if he does not, as there are no clear criteria for evaluating performance (of course there is a formal career point system, but it is easily overlooked). Most internal positions are filled through 'lateral transfers' , which means most positions are not even published for internal competition, and staff devote then a huge amount of energy to networking and align themselves not to corporate objectives, but political (office politics) ones.

Viewing 121 - 123 of 135 Reviews

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