De Nederlandsche Bank Reviews

Updated March 18, 2015
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3.3
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De Nederlandsche Bank President Klaas Knot
Klaas Knot
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Employee Reviews

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  1. Great place to be for economic researchers who would like to stay in The Netherlands for a while.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Research Economist in Amsterdam (Netherlands)
    Current Employee - Research Economist in Amsterdam (Netherlands)

    I have been working at De Nederlandsche Bank full-time (more than 5 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Women friendly working environment, great colleague's, broad possibilities to attend scientific conferences, informal setting of the working floor, few vertical layers between directors and workers, large secondment network (ECB, BIS, US Fed, IMF, other National Central Banks, economic department of many universities).

    Cons

    The part of doing policy relevant work feels as an obligation where it actually should not be like that. Many complain that the amount of working papers is the main criteria to pass the annual review performance even though managers said it was not.

    Advice to Management

    Transparency in listing the reviewed criteria might help avoid conflicts during annual performance review. Managers should function as a filter between directors and workers so that the economist on the work floor get a clear instruction of what important and what not.

  2. Helpful (1)

    Engaging and fun

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Supervision Analyst in Amsterdam (Netherlands)
    Current Employee - Supervision Analyst in Amsterdam (Netherlands)

    I have been working at De Nederlandsche Bank full-time (more than 3 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Lots of opportunities to make a difference, learn and grow as a junior employee, especially in supervision (Insurance/Banking/Pensions) where you can literally go straight out of college into the boardroom. Excellent compensation at a junior level, on par with top private sector employers and competitive with junior London financial sector salaries once you factor in the cost of living. Flexible working hours and good work/life balance. Large training budget per employee.

    Cons

    Not very meritocratic at the more senior levels, promotions to management are mostly driven by internal politics, in some cases resulting in very poor management. Together with poor compensation at these levels, this lack of opportunities results in most good people leaving after a couple of years.

  3. Good be a stimulating place if they didn't have such bad managers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Beleidsmaker in Amsterdam (Netherlands)
    Former Employee - Beleidsmaker in Amsterdam (Netherlands)

    I worked at De Nederlandsche Bank full-time (more than 3 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Flexible work hours, like the possibility to work from home once a week. Societal relevance of work. Opportunities to follow educational courses on the job.

    Cons

    Salary for starting professionals is good. But salaries for seniors is relatively low. That's why the people working there are either inexperienced but driven (starters), or experienced but passive and not very skilled (otherwise they would have found job at another company with twice the salary). Several older people who are ' biting their time' until pension.

    No eye for diversity. There are two people in the whole company who have a dark skin, and there is one of Moroccan descent. Predominantly white males. Via EC guidelines DNB prescribes a certain diversity on boards of the banks and insurers they supervise, but they don't comply with this themselves.

    Bad managers. The people who get promoted are the people who know how to kick down and suck up. Save a few exceptions, DNB managers are selfish and not exactly people managers.

    Advice to Management

    Don't be so afraid of diversity; make it a priority. Having the same kind of people eases forming an internal consensus, but it can also make myopic, as we have seen DNB be before the crisis already. Related to this, keep in mind: You're serving the Dutch tax payers, not the banks. Some managers up into the board seem to forget this sometimes.

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  5. Social not decent, dishonnest

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at De Nederlandsche Bank

    Pros

    Work life balance, work salary balance. About 26 employee associations for entertainment. Art collection.

    Cons

    Negative and fearful culture and working place. Obsolite knowledge of financial markets and organizational social coherence. Personal positions culture, not based on results, but on non performance.

    Advice to Management

    Replace most of the division directors and head of teams. Go for ICT, work with (not against) partners outside your own building and update knowledge.

  6. A typical government like organisation.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Service Manager in Amsterdam (Netherlands)
    Former Employee - Service Manager in Amsterdam (Netherlands)

    I worked at De Nederlandsche Bank full-time (more than a year)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Take care of their employees.

    Cons

    Lack of leadership, Lack of capable managers. More about politics than results.

    Advice to Management

    Take decisions. Dare to manage.

  7. A great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Policy Advisor in Amsterdam (Netherlands)
    Current Employee - Policy Advisor in Amsterdam (Netherlands)

    I have been working at De Nederlandsche Bank full-time (less than a year)

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    Smart people to learn from, great development opportunities, 4 days a week, flat organization.

    Cons

    Few opportunities to get promoted, political environment.

  8. Good

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

    I have been working at De Nederlandsche Bank

    Recommends
    Recommends

    Pros

    Linear Management, Transparency , good working environment,International culture.

    Cons

    Frequent changes in governance structure

  9. Bureaucratic

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

    I have been working at De Nederlandsche Bank

    Pros

    It provides good work life balance.

    Cons

    It is a bureaucratic environment, things pace a bit slower than private sector.

    Advice to Management

    Make thing move a bit...

  10. Great

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

    I have been working at De Nederlandsche Bank

    Recommends
    Recommends

    Pros

    Good work culture and benefits

    Cons

    lot of data but not enough technology support

  11. Account Manager Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Account Manager
    Former Employee - Account Manager

    I worked at De Nederlandsche Bank

    Recommends
    Recommends

    Pros

    Great place to work, long standing company, good product, they purchase many great brands - Hoovers Inc for example, strong Austin TX based company.

    Cons

    Too many management changes, once that gets taken care of they will be able to focus on growth again. Re-investment in technology, looking towards the future and how to integrate is where they need to focus, but they do not.

    Advice to Management

    none

De Nederlandsche Bank Photos

De Nederlandsche Bank
Nederlandsche Bank, (Photo thanks to Wikimedia User Mtcv, Some rights reserved)
The Dutch Central Bank, DNB

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