EBRD Reviews

Updated July 31, 2014
Updated July 31, 2014
39 Reviews
3.2
39 Reviews
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Recommend to a friend
Approve of CEO
EBRD President Suma Chakrabarti
Suma Chakrabarti
7 Ratings

4 Employee Reviews Back to all reviews

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  1.  

    New talented, smart employees do not stay very long when they realise what the Bank is really like.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at EBRD full-time (more than an year)

    Pros

    Great work life balance
    Outstanding benefits
    Diverse

    Cons

    Slow paced and beuraucratic
    IT infrastructure is either 20 years old or non-existant
    Calibre of many employees is poor and individuals tenure is long as there is no where else for them to go and they are overpaid for what they do.
    The Bank employs more people than needed due to poor management and lack of any performance management frmework.
    New talented, smart employees never stay very long, once they realise what the Bank is really like they get out as soon as possible.
    Performance is measured by length of service resulting in people with very little experience in relatively senior positions.
    Office space is dated and uninspiring.

    Advice to ManagementAdvice

    The EBRD would benefit from some new commercial blood hired into senior management positions and then restructured in the lower levels. A move towards a performance based culture would allow the Bank to cut out "dead wood" allowing it to be more efficient and results driven. Abolish the Presidential structure where decisions are based on the politics of re-election as opposed to decision being made in the best interest of the Bank.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Uninspiring, backward and behind the times

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst
    Current Employee - Analyst

    I have been working at EBRD full-time (more than 5 years)

    Pros

    This company has a subsidised staff restaurant with a great menu. You will have job security for life and the benefits are quite attractive (great private medical insurance)

    Cons

    Senior Managers are very old fashioned and behind their times. Total lack of dynamic and forward thinking, unfortunately very much to the detriment of the organisation and the Countries of Operations who are supposed to benefit. EBRD likes to set high standards for clients but when it comes to its own staff doesn't follow the same rules (e.g. gender equality is pretty poor but EBRD expects its clients to put in place policies for gender equality that it doesn't even expect of its own staff). This company is very poor in adapting to changing economic climates. The recent modernisation programme has more style than substance. The One Bank programme was supposed to introduce "Efficiency", "Modern Culture", "Innovation" and "Impact". Nice intranet pages but no action and no implementation. Don't expect to see change. Its not just the COO that are stuck in transition (as the latest transition report suggests), this institutions is seriously stuck itself and lacks any entrepreneurial spirit. There is no link between performance and reward either. Which explains the poor performance of senior management. There is no reward for excellent work. Promotion is by years of service and not performance (although they are trying to change this, however, since change doesn't happen we are back to square one.)

    Advice to ManagementAdvice

    Sack underperforming managers and get rid of half of senior management. They neither inspire staff nor are the competent or capable stopping the younger generation of managers from moving this organisation into the 21st century. The staff survey even highlights that senior management have a poor perception but nothing is done about it or whatever they are trying to do is not effective.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Typical government agency

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at EBRD full-time

    Pros

    Location of the HQ is London.

    Cons

    Senior management is not professional - old timers who occupy prestigious positions with slim chances for new blood to come and make impact
    Poor HR - made up of former secretaries with no real understanding of the issues

    Advice to ManagementAdvice

    Resign

    Doesn't Recommend
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  5. 4 people found this helpful  

    Like the former Soviet Union

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at EBRD

    Pros

    Employee benefits, working hours, job security.

    Cons

    Cronyism; decisions made for political reasons, not based on merit; obvious when staff hired with no relevant prior work experience. Senior management is top heavy and support staff/ support teams are overstaffed with no discernible output. Many old timers who have not developed any new job skills in about 20 years.

    Advice to ManagementAdvice

    Hire people based on qualifications. Organisation needs more transparency. Sack HR and staff with real HR professionals. Look closely at ever-expanding senior management and overstaffed support teams. Technology and facilities are outdated.

    Doesn't Recommend
    Neutral Outlook

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