Banco Itaú Reviews

Updated September 30, 2014
Updated September 30, 2014
69 Reviews
3.5
69 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Banco Itaú Vice Chairman, President, and CEO Roberto Egydio Setubal
Roberto Egydio Setubal
32 Ratings

Review Highlights

Pros
  • good work-life balance, good well recognized name (in 3 reviews)

  • The salaries are good in comparison with other companies in the city, good benefits (in 4 reviews)


Cons
  • The main challenge is with top and some middle management, who seem too set in their ways and kinda tired (in 3 reviews)

  • Strongly subjective meritocracy; (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Working at Itau

    Current Employee - Accountant in Miami, FL
    Current Employee - Accountant in Miami, FL

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

    Pros

    Good work ethic
    Flexible hours
    Good training programme

    Cons

    Speaking Portuguese is essential. Most of the communication is in that language

    Advice to ManagementAdvice

    Keep up the good job

  2.  

    Solid bank, management turnover a big problem, lock-step management culture.

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

    I worked at Banco Itaú full-time (more than 3 years)

    Pros

    Compensation, strength of distribution network in Brazil.

    Cons

    Management culture, high turnover, Brazilians are favoured over foreigners.

    Advice to ManagementAdvice

    Empower your people.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    KYC Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Kyc Surveillance Analyst in New York, NY
    Former Employee - Kyc Surveillance Analyst in New York, NY

    I worked at Banco Itaú as a contractor (less than an year)

    Pros

    Corporate culture, good benefits, OT for full-time analyst position.

    Cons

    Poor management, disorganization, long hours, bad NYC location.

    Advice to ManagementAdvice

    Implementation of manager and staff reviews on a more frequent basis.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5.  

    Frustrating

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

    I worked at Banco Itaú

    Pros

    One of the best salaries and benefit packages of the market.

    Cons

    - Political environment focused on internal competition instead or creating value for the company;
    - Too hierarchical; you see one director at maybe every 3 months and with very little opportunity to interact with them; lower positions have no power to take any kind of decisions.
    - Feels like working in the public sector instead of a private company;

    Advice to ManagementAdvice

    Retire and let new blood take over.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  6.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Portfolio Manager in Miami, FL
    Current Employee - Portfolio Manager in Miami, FL

    I have been working at Banco Itaú full-time (less than an year)

    Pros

    Benefits, training, meritocracy, opportunities, work life balance

    Cons

    Very large and sometimes frozen

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Compliance Officer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Compliance Officer
    Former Employee - Senior Compliance Officer

    I worked at Banco Itaú full-time (more than 3 years)

    Pros

    Very good values and totally focused on results.

    Cons

    As soon as you are in, growing is really difficult and takes a lot of time.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Confused

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

    I have been working at Banco Itaú full-time (less than an year)

    Pros

    Friendly and charming culture
    Growth-oriented / International expansion

    Cons

    Less than adequate compensation
    Purpose of business is unclear
    Confusion among staff

    Advice to ManagementAdvice

    Brazilian modus operandi needs to change

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    I love working here!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Banco Itaú

    Pros

    Smart people working together for a common cause.

    Cons

    Language can sometimes be challenging.

    Advice to ManagementAdvice

    Nothing specific.

    Recommends
  10.  

    strange workplace

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Banco Itaú

    Pros

    Excellent Medical/dental Benefits for employees

    Cons

    They take care of there inner cirlcle only

    Doesn't Recommend
    No opinion of CEO
  11.  

    Sequence of mixed messages and mis-management affecting business and employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Miami, FL
    Former Employee - Anonymous Employee in Miami, FL

    I worked at Banco Itaú

    Pros

    Young company in the USA, wants to gain market share

    Cons

    Lack of attention and misuse of team during merge process
    Mixed messages from headquarter to international units, no structured plan.

    Advice to ManagementAdvice

    Favoritism and lack of analysis during decision and planning processes affects both clients and employees generating low level of trust.

    Doesn't Recommend
    Disapproves of CEO

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