IMF Reviews

Updated July 18, 2014
Updated July 18, 2014
81 Reviews
3.7
81 Reviews
Rating Trends

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IMF Chairman and Managing Director Christine Lagarde
Christine Lagarde
45 Ratings

Review Highlights

Pros
  • And work-life balance is much better than Wall Street; 40 hours a week is typical (in 6 reviews)

  • Good pay and benefits, travel with many jobs, intellectual stimulation (in 5 reviews)


Cons
  • No career mobility, terrible work life balance and the starting compensation is paltry (in 3 reviews)

  • Staff are overqualified for what they do and very low turnover, so opportunities for career development and advancement are very limited (in 4 reviews)

More Highlights

20 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Excellent place to work.

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

    I have been working at IMF as a contractor for more than a year

    Pros

    Intellectually rewarding. Great benefits. International.

    Cons

    Unclear employment framework. Governance issues.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Experience at the IMF

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Assistant (RAP)  in  Washington, DC
    Former Employee - Research Assistant (RAP) in Washington, DC

    I worked at IMF full-time for more than 3 years

    Pros

    Work life balance, opportunities for growth, and desirable compensation

    Cons

    i cant think of anything at the moment

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 3 people found this helpful  

    Excellent place for economists

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Economist  in  Washington, DC
    Current Employee - Senior Economist in Washington, DC

    I have been working at IMF full-time for more than 3 years

    Pros

    It's a great place for macroeconomists to work; maybe the best, in fact. You will work with incredibly smart colleagues. It is a very collaborative environment. You get to influence the international macroeconomic policy debate. There is a lot of travel involved if that is your thing, or you can choose positions where not much travel is required. Thanks to its being a UN agency that has been run by Europeans, the expat benefits are excellent--tax-free salaries (NB: if you are a US citizen your pay is topped up so your after-tax income is the same as your colleagues; effectively the IMF pays your tax for you); education benefits (75% of tuition is covered, up to $24T per child); you can bring a nanny; generous leave (25-30 days a year plus holidays); maternity and paternity leave; it has fully-funded defined benefit pension (you can hardly find this anymore!). Job security is excellent; they effectively hire for life (downsides to this, see cons below). And work-life balance is much better than Wall Street; 40 hours a week is typical.

    Cons

    As an international organization, it is prone to bureaucracy, although one consolation is that it is better-run than the World Bank across the street. It is a pretty flat organization so promotions tend to be slow; you should derive your satisfaction not from moving up, but from the variety of assignments available. No one gets fired, which is good for job security but it also means that poor performers are shuffled from one department to another instead of being fired.

    Advice to ManagementAdvice

    While the IMF is a great place to work, its compensation and benefits package vis-a-vis academia and the private sector has been eroded over the past few years. If management wants to be able to attract and retain good economists, it should restore the competitiveness of its compensation and benefits package. Just as important, it should do more to differentiate compensation based on performance, rewarding good performers properly. Finally, it should make employment more flexible so it can get rid of poor performers.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great organization to work for but depends on your Dep.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Research Analyst  in  Washington, DC
    Current Employee - Research Analyst in Washington, DC

    I have been working at IMF full-time for more than a year

    Pros

    great benefit and pleasant work evironment. You will have a lot to learn from the smart economists

    Cons

    Your experiences is largely depend on which department/division you're in. If you are lucky to be in the important division (I mean many important projects in the division), you will have a lot to learn but it will significantly increase your OT as well..

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Project Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager  in  Washington, DC
    Former Employee - Project Manager in Washington, DC

    I worked at IMF as a contractor for more than a year

    Pros

    -Great people. Everyone is friendly and it is about family. Find your niche and soar....the sky is the limit
    -Great learning environment and ability to move into positions and learn new technologies and subject areas.

    Cons

    None. Treats everyone well and you are allowed to expand and grow as much as you are willing to put into it.

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    tough but great experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Economist  in  Washington, DC
    Current Employee - Economist in Washington, DC

    I have been working at IMF full-time for more than a year

    Pros

    you learn new things every day, almost automatically. bright staff, highly motivated and driven. excellent salaries, lots of annual leave, great insurance.

    Cons

    limited career opportunities, great mass of of older staff, work day and night, incl weekends.

    Advice to ManagementAdvice

    change incentive structure

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Analyst

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at IMF

    Pros

    Good lifestyle, nice people and PhDs

    Cons

    Less exciting as investment banks

  9.  

    Excellent

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at IMF

    Pros

    Smart people, interesting assignments, exceptional work-life balance

    Cons

    Mobility is a big issue

    Advice to ManagementAdvice

    Make it a better place for younger people

  10.  

    It was a great experience working at the IMF.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Data Management  in  Washington, DC
    Former Employee - Data Management in Washington, DC

    I worked at IMF full-time for more than 5 years

    Pros

    It demonstrated the processes that countries endured to procure loans.

    Cons

    There were no downsides working at the IMF.

    Advice to ManagementAdvice

    Human resources must increase the wages of the lower management because they accomplish most of the salient tasks.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Very rewarding

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Deputy PM  in  Washington, DC
    Former Employee - Deputy PM in Washington, DC

    I worked at IMF as a contractor for less than a year

    Pros

    The atmosphere at the Fund is one of constant professional challenge, never a dull moment. One has to be willing to be nimble and continue to grow as part of a very dedicated and committed group of professionals.

    Cons

    The firing of people is a constant revolving door.

    Advice to ManagementAdvice

    Happy employees are more productive employees. Fear is not conducive to self improvement, it only promotes self doubt and not efficiency.

    Recommends
    Positive Outlook
    Approves of CEO

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