There are newer employer reviews for The World Bank

 

there are very different type/level of people and positions

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Consultant in Washington, DC
Current Employee - Consultant in Washington, DC

I have been working at The World Bank full-time (more than 3 years)

Pros

talented people, good work life balance

Cons

hierarchy senior staff not motiated

Approves of CEO

307 Other Employee Reviews for The World Bank (View Most Recent)

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  1. 1 person found this helpful  

    Laid back bureaucracy with no growth

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

    I have been working at The World Bank

    Pros

    Decent pay, good benefits and prestigious organization to work for.
    Get to work with highly qualified intelligent minds. Diverse global workforce.

    Cons

    Bureaucracy. No focus on goals. No proper employment. They keep people on
    N contract and so no security and therefore poor performance.
    No challenging work except in some areas.
    Employees don't have any opportunities for growth.

    Doesn't Recommend
    Neutral Outlook
  2.  

    Bureaucratic with a chance you'll get something done

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Short-term Consultant (STC) in Washington, DC
    Former Employee - Short-term Consultant (STC) in Washington, DC

    I worked at The World Bank as a contractor (more than 3 years)

    Pros

    - Strong emphasis on field visits to better understand an area or meet the local population.
    - Lots of Ph.Ds and very smart, driven people
    - Not terribly difficult to transfer departments
    - You have the opportunity to continue publishing
    - If you need resources, you'll likely be able to find them
    - TONS of events held at the Bank that keep you informed and aware of new ideas
    - Cafeteria is one of the best in DC
    - Beautiful buildings
    - If you're foreign, you have a strong chance of being hired
    - Organizational structure is very clear

    Cons

    - Good luck getting promoted outside of the normal promotion schedule based on time "served"
    - Lack of focus in upper management. The Bank is a very top-down place where upper management is focused nearly exclusively on delivering a specific volume and financial value of projects.
    - If you're American, you will receive worse benefits and salary than your foreign colleagues. It's still pretty good, so if you can stop yourself from comparing yourself to others, you'll be fine.
    - Terrible calendar management - most due dates for things will be pushed off until nearly the end of the fiscal year (June/July)
    - People over promise and under deliver
    - If you're a non-senior consultant, you will very likely be treated as a second class citizen. The Bank was moving towards even more consultants when I left because they cost less than full-salaried employees. However, they are often used as pseudo-administrative assistants rather than the non-senior experts that they are.

    Advice to ManagementAdvice

    - Treat your younger consultants better. Give them more responsibility with a bit more direction.
    - Promote people based on achievement rather than time served.
    - Change the way you evaluate your success. Most things should be based on the success of a project, not whether it was simply completed and you could display it for your VP.

    Recommends
    Neutral Outlook
    No opinion of CEO
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