Anglo Irish Bank Reviews in Dublin, Ireland Area

Pros

Excellent experience gained through many interesting years at the bank, both good and bad. Some excellent senior managers, but they are outnumbered by many incompetent ones that were mysteriously over promoted throughout the good years and who now rely on their junior colleagues to prop them up.

Cons

Now that the company is being wound down, all doors are closed. Embarrasing to be associated with a company that caused such destruction to the economy and to so many peoples lives. Its a pity that the word "accountability" does not exist in Ireland.

Advice to Senior Management

Too late for advice. New management here now to clean up the mess which is proving to be a costly process.

Pros

Company once had a great social life for staff and a flexibility in changing roles. There were once opportunities to gain a wide variety of experience. Bonuses were good (when they used to exist) but you certainly worked for them.
This has all disappeared since the company was nationalised (a result of management incompetence, as widely reported in the media).

Cons

Competence and ability were not always the prerequisites for career advancement. This meant a lot of poor managers promoted internally (though some were talented). This happens to a certain extent in all companies but was endemic to Anglo.
Staff were expected to work long hours without question on a weekly basis, which was not always rewarded.
Internal communications were virtually non-existent.
The company has now been disgraced and it looks terrible on a CV.

Advice to Senior Management

Remove inept middle management (inept senior management has already gone).

Pros

Given the current situation, you will learn a lot: "May you be cursed to live in interesting times"

Cons

The organisation is very troubled following the bailout. People are demoralized.

Advice to Senior Management

Work harder on Morale.

Pros

The work can be very interesting as you are given a lot of responsibility early on in your career with relatively limited oversight from managers, however consequences for mistakes can be harsh. Informal reviews are conducted on a quarterly basis and formal reviews on a annual basis so there is a lot of feedback in relation to performance. Pay packages become attractive at Assistant Manager level and above, including 23+ days of annual leave, club subsidy, competitive base salary, pension scheme paying 10% employer contribution and matching up to 5% employee contribution (AVC.) Environment was previously quite entrepreneurial though this may change given that the bank has been nationalised.

Cons

Management is largely inept, organisation has been nationalised by the government resulting in low morale, concerns over future growth prospects and redundancy (no redundancy has been implemented as of yet.)

Advice to Senior Management

Be open with your employees regarding the future of the bank, communicate in an honest manner and provide full disclosure to staff regarding any past bad practices.