employer cover photo
employer logo
employer logo

Inter-American Development Bank

Is this your company?

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"

Return to all reviews
3.0
Feb 2, 2015
Recommend
CEO approval
Business Outlook

Pros

It was great to work for a donor institution. People always responded to my emails and calls. I contributed to the decisions on how to spend millions of dollars to support valuable organizations in Latin America and the Caribbean reducing poverty. I perfected my Spanish and learned Portuguese in the library. They had unlimited resources in terms of subscriptions, research support, experts on gender, environment, Bolivia, etc. It was also a great work-life balance. The culture is for long lunches, afternoon coffee in the atrium, lots of travel, yoga in the gym, movies and music in the concert hall, and long vacations.

Cons

Very political. They seem to be constantly reorganizing. Seems like there's a lot of dead weight (I once walked by a room where a woman was taking piano lessons...!?) The bureacracy can be really overbearing. 2/3 of employees are consultants, and it seems nearly impossible to become staff as an American. They have quotas on how many people they can hire from each member country and since they are based in DC there are a lot of Americans in the city's international relations grad programs interning there and trying to get in (SAIS, Georgetown). There's lots of competition, they can replace you in a second. US tax laws also make Americans pay 30% of our consulting salary in taxes, so we cost the organization more (or you take the job and are living in a crappy group house while your European colleagues buy condos and go out for fancy dinners every night). No benefits. The "Research Fellow" position is just a crappy way to pay you less with no benefits and no job security, and we all overwork ourselves since we're fresh out of college (and hoping that will mean they will hire us . . . they won't). Try to get a JPA at the World Bank instead if you can. They pay for health insurance, taxes, and even some retirement savings, or so I've been told.

2.0
Dec 16, 2014
Recommend
CEO approval
Business Outlook

Pros

The best things about working at the IDB are: The interesting travel and projects you might be working on. If you are a project manager you will be an expert in some particular area of developmental finance, like transportation, for example. You will travel all over Latin America and the Caribbean advising governments on their transportation networks and making large loans to them. However, if you do not have a line job, that is a job working on projects, you may well have a very boring staff job in HR or project evaluation or coordinating with other developmental organizations that are do nothing jobs that are very difficult to escape from. Job security is great. For some reason it is very hard to fire someone, though if you are a complete loser they will eventually find a way. Salary and benefits are good. Health insurance is excellent. And for non-U.S. citizens the fact that you can move to Washington and have babies that are U.S. citizens is a great advantage.

Cons

Most positions above project manager are political. You will need a mentor to advise you on how to get ahead. Some positions are reserved for persons of specific large member country like Brasil or Mexico or the U.S. Also, there is a good deal of subtle corruption going on. The President will always put his friends in the senior positions regardless of their qualifications and will always try to buy the next election for President by doing this and by pressuring staff to be nice to the countries whose votes he needs. And this corruption trickles down and pollutes the whole organization with many staff members doing whatever their managers want them to even if it works against the goal of helping countries to develop. It is an extremely wasteful and inefficient anti-meritocracy. Finally, it is very hard to leave the IDB once it sucks you in. Some are ruined for life by the lack of accountability that characterizes the organization and many private sector companies know this and don't recruit from the IDB.

3.0
Oct 27, 2014
Recommend
CEO approval
Business Outlook

Pros

-Opportunity to travel and get involved in projects - Many different sectors and divisions and opportunity to move around -Readily accessible funds to move projects forward - Great place to network within governments and private sector because of the access provided

Cons

RACIAL DIVISION: The Bank is the only place that I have worked that goes out of it's way to recreate the very same inequality that it is supposedly trying to rectify. There is a racial and class hierarchy at the Bank and cronyism is a large issue- just like in Latin America and the Caribbean. Although LAC is one of the most diverse regions in the world, the Bank is staffed almost completely by Europeans and elite Latinos who can trace their lineage back to some small Spanish village (and will be happy to let you know which one). For example, although Brazil has the largest population of people of Afro-descent outside of Africa and the majority of Caribbean people of Afro-descent are English speakers, many jobs are only advertised in Spanish and its "diversity" initiative is superficial at best, making it difficult for non-white Latinos to get hired and stay. People of indigenous descent are practically nonexistent in the Bank, finishing off what Columbus couldn't do by erasing them from policy and project implementation that largely impact their communities. Furthermore, all the security guards are black men and the cleaning staff are mestizo women...just like Latin America! -Because the Bank doesn't abide by US labor laws and the Latinos are charged with policing themselves, reporting unfair treatment has very little impact; thus, creating a culture of impunity towards racism, machismo, and labor abuses. Even if a black or brown person gets a job at the Bank, it is often as a consultant. Additionally, non-Spanish speakers are made to feel uncomfortable and undervalued b/c many meetings are held in Spanish only and documents are printed in Spanish, even for Caribbean countries. As a non-Spanish speaker, your opportunities can be limited and the Bank makes no real effort to seek or retain talented minorities. CLASSISM: - The staff vs. consultant divide also creates a lot of tension in the Bank. In a previous review, the reviewer refers to "low-grade consultants", this should tell you all you need to know about the perception and treatment of consultants. In order to not have to give everyone full benefits (like sick leave), 80% of the people on the plantation-oops, I mean in the Bank- are consultants. As a consultant, you get treated like a second class citizen and often have your job threatened (especially if you are on a G4 visa) as a way to get more work out of you. Because there is an arbitrary ceiling on how many staff positions are available at the Bank, one can work for years as a consultant without the opportunity to advance to a staff position, making it necessary to simply leave the Bank and take all your knowledge with you if you seek meaningful growth in your career. Perhaps what is worse is the emphasis that is placed on dividing consultants from staff, even your ID color is different. an example: After I had been here almost a year, I had to give up desk in a shared office when a new staff person was hired b/c staff get priority seating. The "separate but equal" tactics of the IDB are likened back to pre-Civil rights America. CRONYISM: Rarely are jobs advertised, to get a job at the Bank, you need to know someone that can advocate for you and get you in front of the right people. Applying online is almost always a waste of your time. -PROJECT CYCLES: There is an overwhelming push to simply get money out of the door. Thus, many badly planned and badly managed projects get approved. The project cycle makes it more important to get a project approved than to successfully implement a development project with positive impacts on the people in developing countries. There is not a serious dedication to M&E at the Bank. Thus, this is the place where creative and innovative approaches to development go to die a slow, painful death. WORK LIFE BALANCE: WLB can be difficult with the amount of travel that you do. Overall, the IDB is a place that you build your resume and then leave if you care about treating people like equals an fairness in a work place, or about innovate approaches to sustainable development that engage and empower local communities to get out of poverty. If you are more concerned with maintaining a good salary even while millions get wasted on poorly designed "development" projects, this is a the place for you!

Viewing 130 - 132 of 135 Reviews

Glassdoor has 964 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.