IMF

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IMF Reviews

Updated January 13, 2015
Updated January 13, 2015
95 Reviews
3.9
95 Reviews
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IMF Chairman and Managing Director Christine Lagarde
Christine Lagarde
54 Ratings

Review Highlights

Pros
  • And work-life balance is much better than Wall Street; 40 hours a week is typical (in 9 reviews)

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


Cons
  • Work/Life balance was a challenge during busy periods (in 5 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

26 Employee Reviews Back to all reviews

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  1.  

    Great Internship Experience

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

    I worked at IMF as an intern (less than an year)

    Pros

    People are super nice, smart, and hard-working.
    Projects are interesting.
    Great cafeteria at both IMF and world-bank.
    Interns are allowed to access all major fund resources as regular full-time employees, and quite a few of us have the opportunity to present their summer project.

    Cons

    There are not much training for interns, and you may have to work very hard to catch up with the full-time economist in a very short period of time.
    Whether you will have a productive and busy internship depends on your team dynamics, supervisors, and assignment.

    Advice to ManagementAdvice

    Provide some formal training to interns on skills and databases that they may not necessarily be familiar with

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    the best place for an economist interested in International Macroeconomics

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

    I have been working at IMF full-time (more than 10 years)

    Pros

    Job stability, excellent pension benefits, and the possibility to travel for work virtually anywhere in the world make this a unique institution. It is a large bureaucracy, so forget about rising to the top as quickly as in the private sector.

    Cons

    Competition is fierce, and you will have to put many hours daily. If you work in a crisis country, you will know what is to work around the clock under extreme pressure. That said, if things go well, the satisfaction may be immense.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Unparalleled experience, highly professional staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Former Employee - Anonymous
    Former Employee - Anonymous

    I worked at IMF full-time

    Pros

    Competitive salary and excellent benefits.

    Cons

    Work/Life balance was a challenge during busy periods.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Great Experience for students to learn and grow

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

    I worked at IMF as an intern (less than an year)

    Pros

    Great Experience for students to learn and grow

    Cons

    Hard for promotion for staff positions

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    good exp and good people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at IMF

    Pros

    good working settings good staff

    Cons

    little bit disorganized and sometime low efficiency

  7. 1 person found this helpful  

    Good for getting experience

    • 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 full-time

    Pros

    26 days of vacation, nice management and availability of training courses to learn more. great work life balance.

    Cons

    contractual appointments are easy but moving to staff position is hard.

    Recommends
    Approves of CEO
  8.  

    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 (more than an year)

    Pros

    Intellectually rewarding. Great benefits. International.

    Cons

    Unclear employment framework. Governance issues.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 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 (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
  10.  

    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 (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
  11.  

    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 (more than an 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

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