Bancolombia Reviews

Updated August 5, 2015
12 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset
4.1
Rating Trends
Recommend to a friend
Approve of CEO
Bancolombia President Carlos Raúl Yepes Jimenez
Carlos Raúl Yepes Jimenez
10 Ratings

12 Employee Reviews

Sort: Popular Rating Date
  1. Great place

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bancolombia full-time

    Pros

    Excellent place to work, great team-work environment and proficient formation of future leaders

    Cons

    The bank’s technology and operating system should be updated

    Advice to Management

    None


  2. A great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Bogotá, Bogota (Colombia)
    Former Employee - Anonymous Employee in Bogotá, Bogota (Colombia)
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Bancolombia full-time (More than 3 years)

    Pros

    Bancolombia is easily one of the greatest places to work in Colombia. The people are warm and the benefits are great.

    Cons

    Regardless the benefits, the salaries can be pretty low for entry level and the compensation structure is not easily modified

    Advice to Management

    The benefits cannot become an excuse for employees to generate debt with the bank in order to compensate for low salaries.


  3. Great company to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Medellín, Antioquia (Colombia)
    Former Employee - Analyst in Medellín, Antioquia (Colombia)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bancolombia full-time (More than 5 years)

    Pros

    Great working environment, good benefit programs

    Cons

    Low number of growing opportunities The scholarship opportunities are mostly given to managers, lack of opportunities for other roles.

    Advice to Management

    The promotions politics must be reviewed, as well as the scholarship program for the employees.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Bancolombia

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Helpdesk in Medellín, Antioquia (Colombia)
    Former Employee - Helpdesk in Medellín, Antioquia (Colombia)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bancolombia full-time (More than 3 years)

    Pros

    Good sallary, good people, they are really organized, they are located in Medellin, the best city of Colombia...!

    Cons

    Once you get in its very dificult to look for another job, cause they don't let you navegate on internet, they are really close with their information flow...!

    Advice to Management

    Deje de joder al costeño...!


  6. Excellent for low risk takers, otherwise can be frustrating

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Middle Manager in Medellín, Antioquia (Colombia)
    Former Employee - Middle Manager in Medellín, Antioquia (Colombia)
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Bancolombia full-time (More than 5 years)

    Pros

    Flexible working hours. Good salary and financial benefits, it´s a bank! Headquarters buildings are beautiful and comfortable. Top brand and financially strong company. Abundant office resources. Minimum legal working requirements are always met. Excellent platform for interns, Bancolombia looks great in your resume. Create your own professional network with employees and vendors. Career opportunities for commercial roles. Great place to work for comfort zone oriented people

    Cons

    Tortuous and slow decision making processes, the organizational structure doesn´t help. Bureaucracy defines career paths for knowledge professionals. Process and technology oriented, people side of change is underestimated, that is why there are a lot of projects but few things actually change. Unionized employees are spoiled and make business processes more complicated. Innovation and new ideas are buried by the half empty glass approach, low risk taking culture and organizational policies. Poor strategy implementation despite the beautiful positive and visionary speech. Diversity is limited to gender, age and regional presence, and it is underrepresented in policy and decision making positions. Worst place to work for innovators, creative minds, trend setters and millennials. New tools such as social media are misunderstood and misused.

    Advice to Management

    Culture is one on paper and other in action. You can lead with example but are too afraid to make the difference. At top levels is pretty common to hear "I say X, but I don´t hold it", stop doing that, otherwise employees will never know who they can trust. Begin with individual accountability, it can be developed. Management positions should be seen as leadership opportunities instead of administrative roles to micromanage and to sustain the status quo. The CEO´s ethical approach gives hope, he is a good guy, but senior managers still don´t fully copy. I do recommend the company while employees get some professional experience and develop personal branding, but definitely not a place to work for a long period of time, you may want to move out quickly.


  7. coments

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Medellín, Antioquia (Colombia)
    Former Employee - Analyst in Medellín, Antioquia (Colombia)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Bancolombia full-time (More than 3 years)

    Pros

    Its a good place to work depending on the area, if you are a developer or want a career in computer science maybe not the best place for you, all the development gets outsourced so you won´t get experience in that area.

    Cons

    hard to get promotions and to get a raise. Some managers are very disorganized in the IT area.

    Advice to Management

    none.


  8. My first professional experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Gerente in Bogotá, Bogota (Colombia)
    Current Employee - Gerente in Bogotá, Bogota (Colombia)
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bancolombia full-time (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 Management

    The company should focus in not only improve customer service but in employees careers.


  9. Excellent, great company!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Medellín, Antioquia (Colombia)
    Former Employee - Director in Medellín, Antioquia (Colombia)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bancolombia full-time (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 Management

    Invest more in virtual distribution channels (i.e. smartphone and internet).


  10. Great life balance, not so great variable compensation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Bogotá, Bogota (Colombia)
    Former Employee - Anonymous Employee in Bogotá, Bogota (Colombia)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bancolombia full-time (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


  11. Good company, and is flexible

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Supernumerary
    Current Employee - Supernumerary
    Recommends
    Approves of CEO

    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 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.



Showing 12 of 14 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.