Bancolombia Reviews

I have been working at Bancolombia full-time for more than a year

Pros – It's the biggest bank in Colombian Market and one of the most important companies in Colombia, with high range of professional opportunities in Banking Services

Cons – It still doesn't have an important international presence. Career Opportunities are good for low level jobs but no for medium-high level jobs.

Advice to Senior Management – The company should focus in not only improve customer service but in employees careers.

Yes, I would recommend this company to a friend

I worked at Bancolombia full-time for more than 8 years

Pros – 1. Excellent benefits (healthcare, car insurance, loans and ongoing training and development).
2. New and comfortable facilities.
3. You got the chance to work with very smart and well educated coworkers.
4. It is the biggest bank in Colombia and also Bancolombia is a strong and respected brand.
5. Excellent opportunity for hard workers.
6. Opportunity to move around to different areas and lines of business.

Cons – 1. Slow decision making process can be frustrating.

Advice to Senior Management – Invest more in virtual distribution channels (i.e. smartphone and internet).

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

I worked at Bancolombia full-time for more than 3 years

Pros – Steep learning curve
A lot to be done
Growth Opportunities
Great working environment

Cons – Not clear career path, slightly under average variable compensation, top management positions centralized in Medellin

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

I have been working at Bancolombia

Pros – The benefist are very good, and is a huge company a the finantial sector in my country. Is very good work here.

Cons – The salary is not very high, and is very seriuos company, it needs more creative employes and be more lazzy

Advice to Senior Management – We need to really know the business, and we need to do the things that we promise, also we have to improve the customer service.

Yes, I would recommend this company to a friend

I worked at Bancolombia

Pros – Bancolombia is Colombia's largest Bank and has immense opportunities to keep on growing. This creates constant opportunities for its employees to grow with the Bank. The average employee is a good team player and in addition it has one of the most competitive compensation structures in the regional financial marketplace.

Cons – It can take to long to make important shifts on strategy. It is unacceptable to have the amount of unsatisfied clients this Bank has, and move so slowly to fix the problem. Senior management believes that a new IT system is going to get their productivity and client satisfaction on the rise, but from what I saw they are not familiar with the Murphy curve for IT implementations.

Advice to Senior Management – They should promote the training opportunities for its employees and highly compensate and reward those who go far and beyond from their comfort zones. Some highly talented employees prefer to resign and leave the Bank to pursue additional degrees. If the Bank didn't limit itself to just two programs that promote studies abroad, it would enhance the global mindset and talent of its work force. The costs of such a program are low, when compared to the high value the returning employees add to the company.