EBRD Reviews

Updated July 20, 2015
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3.0
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EBRD President Suma Chakrabarti
Suma Chakrabarti
3 Ratings

Pros
  • Good work-life balance, a lot of traveling involved (in 6 reviews)

  • Job security - nobody ever gets fired (even if they suck consistently) (in 5 reviews)

Cons
  • senior management needs a serious turnaround (in 6 reviews)

  • Politics/favouritism etc are even worse than in private sector despite having less to share (in 4 reviews)

More Pros and Cons

11 Employee Reviews

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  1. interesting projects

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in London, England (UK)
    Former Employee - Analyst in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at EBRD (More than a year)

    Pros

    The Bank has a good mission and provides the opportunity to work on interesting projects

    Cons

    Can be bureaucratic at times

    Advice to Management

    Slow down the proliferation of management positions


  2. -

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Officer in London, England (UK)
    Current Employee - Senior Officer in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    the bank has a very good work-life balance, management is supportive if you need time off

    Cons

    the bank is very bureaucratic and old fashioned, there are no changes for a long time, people do not leave, stay there for 20 years


  3. Helpful (1)

    Secure

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at EBRD full-time (More than 5 years)

    Pros

    Benefits and reputation of the org, access to international org career

    Cons

    Bureaucratic slow lack of budget to make things happen, high turnover in some areas

    Advice to Management

    Too political


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


  5. Good institution undergoing through the process of sometimes meaningless change.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Banker in London, England (UK)
    Current Employee - Senior Banker in London, England (UK)
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at EBRD full-time (More than 8 years)

    Pros

    Excellent project finance experience. Good international experience. Professional and friendly staff.

    Cons

    "Glass ceiling" exists for progression to management positions to the nationals from the Countries of Operations. In addition subjective negative perception of some senior managers adds additional obstacles to career progression of otherwise qualified staff.

    Advice to Management

    Be more proactive defending the Bank's mandate and values to the shareholders. Be more fare to staff.


  6. Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in London, England (UK)
    Former Employee - Analyst in London, England (UK)
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at EBRD full-time (Less than a year)

    Pros

    Good work-life balance, a lot of traveling involved

    Cons

    Beaurocratic, sometimes slow paced, have to be ready to move to different countries to advance


  7. Helpful (2)

    The Board needs to change the senior management

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    -work on exciting projects -get a lot of responsibility - great experience - good visibility in the market - great insurance - good job security - zero impact for failed deals - good cafeteria

    Cons

    The Bank is very bureaucratic and the senior managment (BGDs) exemplifies cronyism. - all the business group directors and many of the directors need to be changed - most managers have not worked outside of the bank ever or not in a very long time (more than 10 years) - many people are/were promoted based on their passport, friendships within the bank and their length of service (we were told we had to hire one analyst because his passport was under-represented at the bank) - it is very difficult trying to sign deals when your manager does not understand the business and is more focused on internal politics - senior managers are promoted for doing whatever their BGD wants (often unclear what the end goal is) rather than doing the best commercially viable deals and fulfill the mission of the bank - senior managers do not ever intend to work outside the bank so just do whatever will get them promoted within the bank or at least will never get them fired - senior management is all aligned along certain language/passport/and alumni of the same 1 or 2 universities. If you do not have these you will never move up. Totally demotivating - HR and the ombudsman cannot help you if your bullying boss is well-connected (I was witness to this happening in my team and it was very obvious to everyone)

    Advice to Management

    - do not hire or promote people based on their passport or connections (the review process for promotion ensures this because your manager needs to ask many "friends" to sign off on your promotion from around the bank, many of which will never have had much to do with you; conversely it makes it easy for managers to ring their friends to obstruct a promotion while seemingly having put it forward) - hire from the outside for director's roles which require industry experience rather than promote people from within with zero industry experience - the Board needs to change the senior management as they will never change themselves.


  8. Helpful (1)

    exciting work but restructuring needed

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Principal Banker
    Current Employee - Principal Banker
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at EBRD full-time (More than 5 years)

    Pros

    - work on exciting projects, with plenty of resources - multi-cultural staff - great benefit package

    Cons

    - too much internal politics - senior management needs a serious turnaround - not enough reality check with private sector, sometimes disconnected from reality of the business environment

    Advice to Management

    fresh blood urgently needed


  9. Helpful (1)

    Safe harbour to wait till crisis is over

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Principal Banker in Moscow (Russia)
    Current Employee - Principal Banker in Moscow (Russia)
    Recommends
    Neutral Outlook

    I have been working at EBRD full-time (More than 3 years)

    Pros

    Good work-life balance, appears to be a Brand name on the market, allows to maintain good professional qualification (provided the work period does not exceed 5 years)

    Cons

    Bureaucracy, mean salary, enormous number of senior staff


  10. I enjoyed working at EBRD

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Positive Outlook

    I worked at EBRD (More than 8 years)

    Pros

    a) The troops in general are great to work with. b) Good Restaurant, reasonably cheap. c) Very plush good looking offices.

    Cons

    a) No promotion paths most mangers have been in same position for years. b) Behind the times from an IT point of view dont stay long or you'll be out of touch. c) Some managers are out of their depth.

    Advice to Management

    Communication is key. Stop making short term financial decisions to feather your own nest at the expence of working performance of the bank as a whole.


  11. Helpful (1)

    Good place to work if you find your niche

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in London, England (UK)
    Current Employee - Senior Manager in London, England (UK)
    Recommends
    Positive Outlook

    I have been working at EBRD full-time (More than 8 years)

    Pros

    Interesting projects, interesting countries to work in. Colleagues are great too, there are very few of the full-of-themselves city boys and girls here. Directors are usually very good, higher up it gets a bit more variable.

    Cons

    Senior management is too stale, place is becoming more and more bureaucratic. Career chances are not great, but as I said, if you have found your niche, you can do what you like and have some freedom in it. If your niche is to make lots of money quickly and rapidly move up the greasy pole, this is not your place to work in.

    Advice to Management

    Change for change's sake is probably not such a great idea. There is value in stability, and not everyone who disagrees with change is a disgruntled stick in the mud.



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