EBRD Reviews

Updated August 11, 2015
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3.2
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EBRD President Suma Chakrabarti
Suma Chakrabarti
16 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

54 Employee Reviews

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  1. Helpful (4)

    Still behind the curve after all these years

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in London, England (UK)
    Former Employee - Director in London, England (UK)
    Doesn't Recommend

    Pros

    London location. Business class travel. HQ meetings which keep you from field work. Non-demanding, derivative nature of the work. Pompous policy and self congratulatory pr efforts.

    Cons

    The ultimate bureaucracy, that always misses the boat in supplying needed investment products. A London-based, self-satisfied, ivory (tavertine marble) multi=lateral financial institution. The IFC runs circles around EBRD.

    Advice to Management

    Declare victory, close up shop, return initial capital to shareholder nations, and let employees join the private sector before their skills further atrophy.


  2. Helpful (3)

    1984

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Head of Budget, IT, Financial Policy in London, England (UK)
    Current Employee - Head of Budget, IT, Financial Policy in London, England (UK)
    Doesn't Recommend
    Neutral Outlook

    I have been working at EBRD full-time (More than 10 years)

    Pros

    Great location for HQ in the middle of Broadgate, beautiful building, larger than normal offices, fabulous subsidised cafeteria, very tiny chance of going out of business despite having done almost nothing tangible to help democracy flourish in post Communist world (per original mandate)

    Cons

    Mind numbing and soul destroying bureaucracy which excels in self-justification, spending other peoples taxes and convincing themselves they are not simply parasites.

    Advice to Management

    close up shop, return initial capital to shareholder nations, and let employees join the private sector before their skills further atrophy


  3. Helpful (3)

    Amazingly, this organization gets even more bureaucratic day-by-day. Senior management are ossified dinosaurs!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in London, England (UK)
    Current Employee - Director in London, England (UK)
    Doesn't Recommend
    Negative Outlook

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

    Pros

    London location and it is a job.

    Cons

    Supremely self-satisfied Orwellian bureaucracy that accomplishes little other than pushing paper.

    Advice to Management

    Cull ranks of senior management. Avoid needless duplication of mission by folding EBRD into Iternational Finance Corporation. Perhaps it has outlived its purpose.


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  5. Temple of beaurocracy

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Procurement Manager in London, England (UK)
    Former Employee - Procurement Manager in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Lovely subsidised staff restaurant Highly paid for what you do Other benefits

    Cons

    Management are out of touch beauraucrats More interested in processes and compliance than anything else Other comp and benefits

    Advice to Management

    Allow staff to add value not just be guardians of restrictive processe. In some areas such as consultancy services and procurement you could cut staffing by a quarter if you werent just tying to make stakeholders stick to ludicrous processes. Stop wasting money on inefficient procurement hiding behind 'quality not cost' (really meaning it allows itself to get ripped off). Minimise comittees (everything and I mean everything decided by comittee)


  6. Helpful (3)

    One of the most disorganised I.T depts I have ever worked in with my 20+ years experience.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - I T SUPPORT in London, England (UK)
    Current Employee - I T SUPPORT in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at EBRD full-time (Less than a year)

    Pros

    An investment bank role looks good on my C.V! That's about it. Was not entitled to any staff benefits being a external contractor (which is fine) but yet expected to perform to the same level and motivation as perm' staff who get many rewards and we were part of the same team.

    Cons

    Management very adverse to positive change and progression. Many have been there for years so have their 'best friends' working alongside them so there is a very 'clicky' culture and if you do not fit in - do not expect to go far.

    Advice to Management

    See past your own appraisal/bonus objectives, appreciate the constructive feedback received from staff (certainly new ones who have more experience in differing roles and come to EBRD with fresh eyes/ideas)and work with them to ensure a more robust I.T dept.


  7. Helpful (6)

    FI Department - B category of managers who are afraid to be outshined

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Job security - nobody ever gets fired (even if they suck consistently)

    Cons

    As my friend (who left after a year to join Citi) put it - "I have never felt more exploited than here". Basically the business model is as follows: hire mostly C category of profesionals (from fear to be outshined); and a limited number of bright young things who are first used/exploited (without developing them or giving them appropriate rewards) and then get rid of them... Longest contract you can get these days is 3 years, with 6-12 months contracts being more usual, with no guarantee of extension. The worst part - you'll be working for senior people most of whom (with a few exeptions) are not particulary smart but know how the system works and secretive not to develop young people who can outshine them (eg. you won't get direct assess to clients, won't be copied on important emails etc), uninspiring, non-charasmatic and frankly would not have made it to the current levels in the "real world". Politics/favouritism etc are even worse than in private sector despite having less to share. My advise - if you have an offer from FI, stay away from this swamp...

    Advice to Management

    New charasmatic CEO is trying to modernise this hydra but it's not an easy job, particularly if you have outdated/ unmovable mid-management which you can not get rid of. My advise would be give more opportunities to talented young people who are currently repressed, pick them up from under their unispiring managers, develop them as management reserve using modern management/coaching techniques for a modern transperant business culture.


  8. Helpful (1)

    ALL depends on how much your manager will fight for you

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    multicultural, well educated colleagues, interesting projects

    Cons

    extremely non-transparent in terms of compensation


  9. Helpful (1)

    Super bureaucratic but good pay and cafeteria

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    good pay, little work, great cafeteria, extra money if you are an expat from abroad

    Cons

    Super bureaucratic, advancement not based on merit, particularly at higher levels. Incredibly underqualified people at top positions. Feels like you're stuck in one of the ex-communist countries before 1989


  10. Helpful (6)

    Like the former Soviet Union

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    Pros

    Employee benefits, working hours, job security.

    Cons

    Cronyism; decisions made for political reasons, not based on merit; obvious when staff hired with no relevant prior work experience. Senior management is top heavy and support staff/ support teams are overstaffed with no discernible output. Many old timers who have not developed any new job skills in about 20 years.

    Advice to Management

    Hire people based on qualifications. Organisation needs more transparency. Sack HR and staff with real HR professionals. Look closely at ever-expanding senior management and overstaffed support teams. Technology and facilities are outdated.


  11. Helpful (3)

    Typical government agency

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    I have been working at EBRD full-time

    Pros

    Location of the HQ is London.

    Cons

    Senior management is not professional - old timers who occupy prestigious positions with slim chances for new blood to come and make impact Poor HR - made up of former secretaries with no real understanding of the issues

    Advice to Management

    Resign



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