Banco Itaú

  www.itau.com.br
  www.itau.com.br

Banco Itaú Reviews

Updated December 11, 2014
Updated December 11, 2014
72 Reviews
3.6
72 Reviews
Rating Trends

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Approve of CEO
Banco Itaú Vice Chairman, President, and CEO Roberto Egydio Setubal
Roberto Egydio Setubal
33 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.  

    Not a good place if you like to get thinks done.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analista De Sistemas Senior in São Paulo, São Paulo (Brazil)
    Current Employee - Analista De Sistemas Senior in São Paulo, São Paulo (Brazil)

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

    Pros

    Not so many overtime, good total cash

    Cons

    Bad place to grow on career, too many bureucracy, a lot of internal processes that makes no sense, bad infrastructure for work, including machines and access to resources (you aren't admin of your machine, you can't troubleshoot servers, etc", too many politics

    Advice to ManagementAdvice

    Don't make any sense to have specialists if all the decisions are made using political bias. Must simplify processess and give autonomy to people work and decide by themselfs.

    Must make the company values work, not only in paper. Giving example of practicing the values is a good way to make a new culture.

    Doesn't Recommend
    Neutral Outlook
  2.  

    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
  3.  

    General manager

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

    I have been working at Banco Itaú full-time

    Pros

    good work-life balance, good well recognized name

    Cons

    dificult to develop a career plan

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    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
  6.  

    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
  7.  

    Tiring and little opportunity for development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Business Analyst in São Paulo, São Paulo (Brazil)
    Former Employee - Senior Business Analyst in São Paulo, São Paulo (Brazil)

    I worked at Banco Itaú full-time (more than an year)

    Pros

    One of the best salaries on the market;

    Cons

    Ridiculously bureaucratic;
    Incompetent Executives;
    Lots of unqualified employees that are kept due to union;
    Strongly subjective meritocracy;

    Advice to ManagementAdvice

    While the same executives stays in control, the bank will still be ridiculous. The only thing that saves you in the fact that is a very protected market. Let's just hope that this doesn't change in near future, for your sake...

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    If you are old, you are out.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - TI Coordinator in São Paulo, São Paulo (Brazil)
    Former Employee - TI Coordinator in São Paulo, São Paulo (Brazil)

    I worked at Banco Itaú full-time (more than 10 years)

    Pros

    Benefits and high salaries, courses in company and structure.

    Cons

    Experiente doesn't Matter. If you are over 35, you don't have chances to be recognized.

    Doesn't Recommend
    Negative Outlook
  9.  

    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
  10.  

    Started well, then got lame

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Planning Manager in São Paulo, São Paulo (Brazil)
    Former Employee - Sales Planning Manager in São Paulo, São Paulo (Brazil)

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

    Pros

    Good salary
    Enough benefits
    Good workplace
    Nice coworkers
    Proper training
    I enjoyed work in Itau while the company was on its own, after the merge with Unibanco things got strange.

    Cons

    Too much politics
    No right direction
    Hard work doesn't mean recognition, politics yes.
    The company went from a doer company to a show off company. No one cares if you deliver or not, only if you sell properly to your bosses and to the board.

    Advice to ManagementAdvice

    You are loosing all the good workers, change directions soon... otherwise you will maintain only the lame workers.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11.  

    The world starts and ends in LatAm

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

    I have been working at Banco Itaú full-time (more than 3 years)

    Pros

    Has plenty of money to throw around

    Cons

    Years behind the culture of developed countires

    Advice to ManagementAdvice

    Really get to know international environmnet

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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