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

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  1.  

    Product management

    • 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

    Pros

    One of the largest banks in the world, high visibility in the market, innovative products, high market share in all segments, great learning, good employees, life quality

    Cons

    High bureaucracy, slow development, low remuneration for staff position, no meritocracy, management for friends

    Advice to ManagementAdvice

    High competitiveness, competition without ethics, weakness managers, slow development.

  2.  

    To big to offer any worthy opportunities

    • 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

    Good to learn in the begging of a carreer

    Cons

    Too much bureaucracy for promotions

    Neutral Outlook
    Disapproves of CEO
  3.  

    Good for your resume

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

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

    Pros

    qualified professionals, benefits, improves your resume

    Cons

    competitive, politics, making a carreer is really stressful

    Advice to ManagementAdvice

    improve work-life balance

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    Great bank, great people - could use fresher middle and top management

    • 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 compensation, great work environment, strong investment in their people. A lot of opportunity to tackle new positions, move around business units and gain experience in the overall business.

    Cons

    The main challenge is with top and some middle management, who seem too set in their ways and kinda tired. An infusion of fresh, young talent up the top would do much good to the company.

    Advice to ManagementAdvice

    Start to reinvent the business now, before it's a question of survival - once it gets there, it'll be too late to reinvent it.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Career oportunity

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

    I have been working at Banco Itaú full-time (more than 5 years)

    Pros

    This company has many different departments that can provide good opportunity to develop skills.

    Cons

    Career promotions may takes time to take place once the company is big.

    Recommends
  7.  

    Great company

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

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

    Pros

    Good work-life balance, very solid and profitable bank, senior management wanting to excel in everything, bringing the other employees forward on their career.

    Cons

    Movimentations and promotions could be more frequent and more fair

    Recommends
    Positive Outlook
  8.  

    Worth the experience, but too bureaucratic

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

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

    Pros

    The salaries are good in comparison with other companies in the city, good benefits

    Cons

    Too much bureaucracy, you need too much aprovals for some tasks. There are restrictive technologies

    Recommends
    Neutral Outlook
  9.  

    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
  10.  

    As a manager I usually was envolved in many subjects of the company.

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

    I worked at Banco Itaú full-time (more than 5 years)

    Pros

    Salary, benefits, culture of the company.

    Cons

    Everybody work more than 8 hours a day.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good expirience overall

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

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

    Pros

    It's a great environment for work. People that work at Itaú are very inteligent and always ready to help when you are strugglin

    Cons

    A lot of politics and lack of transparency.

    Recommends
    Positive Outlook

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