Banco Itaú Reviews

Updated April 11, 2015
52 reviews filtered by
  • São Paulo, São Paulo
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3.6
52 Reviews
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Banco Itaú CEO Roberto Egydio Setubal
Roberto Egydio Setubal
22 Ratings

52 Employee Reviews

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  1. IT in Itau-Unibanco

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

    I worked at Banco Itaú (more than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good opportunities, heavy tecnology investments, continuos modernization search; above average salary; good training investments

    Cons

    Lots of bureacracy | after fusion with Unibanco the long term philosophy applied to employees and results were abandoned | short term results are important now

  2. Good ideals, good payment, but bad management

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

    I worked at Banco Itaú

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Salary is within the average
    Excellent infrastructure
    A really good mission statement

    Cons

    The worst meritocracy method that I know (they have tried to copy Ambev but failed spectacularly) it's not fair or correct because it doesn't matter how good are your results, at the end of the year managers can change your score at their own will;
    Management is old and managers fight against innovation even when the company mission statement states that the company have to pursue innovation;
    So much hierarchy that most professionals stay at the same job for years and years without receiving a promotion or salary raise

    Advice to Management

    Embrace innovation, create a fair meritocracy method that doesn't allow score changes and simplify!

  3. Good School.

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

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

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    good ambience, leaders, benefits, salary

    Cons

    very political and hierarquic, slow carrer, stress,

    Advice to Management

    ;

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  5. Experience in internet banking systems

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Good Benefits; Different Technologies;

    Cons

    Slowness in the career plan

  6. Good

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

    I have been working at Banco Itaú as an intern (less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great training, awesome place to learn, very patient people, there is a good balance between work life and personal life

    Cons

    the environment is not that great, sometimes your job title is more important than your ideas and insights. The restrooms lack on cleaning.

  7. Itau is an excelent place to work

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

    I have been working at Banco Itaú

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I have worked for Itau for 7 years and a love it. We are very well paid and the environment is wonderful.

    Cons

    The pressure for results is great

  8. You can grow up if you have political skills.

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

    I have been working at Banco Itaú full-time (more than 8 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    You can learn a lot.

    Cons

    Your technical skills doesn't matter.

  9. The Brazilian Best Bank to Work for

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Amazing Atmosphere
    Direct contact with Senior Management

    Cons

    The decision making process is slow sometimes
    Bureaucracy

  10. Company with a lot of resources to develop your career

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Several opportunities
    Senior executives are very experienced

    Cons

    Sometimes meritocracy is not the first thing to promote someone

  11. Good benefits, hard work. Work environment depend on the area you are working for.

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    I worked for a VP called ACIVS on the headquarters.
    Work for a bank has several benefits. Itau offers several other benefits at the HQ, such as a good gym at a very low cost, a library with thousands of titles, courses for expecting parents, lectures for smokers, etc.
    Compensation may vary, but it is often competitive.

    Cons

    Although the bank try to reinforce meritocracy, it may widely vary. Some bosses clearly have "favorites".
    In many cases, when you have a long history at the bank, forget getting a promotion or a raise even if you are a top performer because they know you have more to lose if you leave than the bank does.

    Advice to Management

    OBZ (zero based budget) clearly helped to improve processes at the beggining but after a couple years it is making coordinators work as managers, managers as superintendents and so on.

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