IMF

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IMF Reviews

Updated August 17, 2014
Updated August 17, 2014
79 Reviews

3.8
79 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
IMF Chairman and Managing Director Christine Lagarde
Christine Lagarde
43 Ratings

Review Highlights

Pros
  • And work-life balance is much better than Wall Street; 40 hours a week is typical (in 6 reviews)

  • Good pay and benefits, travel with many jobs, intellectual stimulation (in 5 reviews)


Cons
  • No career mobility, terrible work life balance and the starting compensation is paltry (in 3 reviews)

  • Staff are overqualified for what they do and very low turnover, so opportunities for career development and advancement are very limited (in 4 reviews)

More Highlights

Employee Reviews

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  1. 3 people found this helpful  

    Just being honest...

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

    Pros

    -Multicultural environment
    -Tons of learning/training opportunities
    -Great benefits

    Cons

    -No room for advancement when coming in at assistant level
    -Job responsibilities always changing so you may end up doing the work of senior officers, but remain compensated at your regular rate and when positions open for the job at which you have been taking responsibility for bureaucracy steps in and tells you you aren't qualified.
    -Ageism is a daily issue, not a very accommodating place of work for anyone outside of the Baby Boomers group (e.g. Gen X and Millennials)

    Advice to ManagementAdvice

    -Increase opportunities for mobility for lower level staff!
    -Acknowledge that Gen Y is becoming the new face of the IMF and incorporate opportunities for them to contribute and be heard. End ageism.
    -Provide more transparency between staff/contractuals and management

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Great experience, terrible career development

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

    Pros

    If you join as a professional economist, it is a great place to gain experience. For support staff like office assistants, IT, research assistants, accountants, etc. there is almost a zero chance of professional growth and career advancement. Moreover, these days the IMF tends to hire many support staff on a contractual basis with hardly any job security. In my experience, the IMF is a political organization and advancement had more to do with your nationality and office politics than your merit. HR plays games and is obstructionist.

    Cons

    You grow old very fast--and very frustrated too.

    Advice to ManagementAdvice

    Improve transparency.

    Reduce politics from staff advancement which should be strictly on the basis of merit not nationality.

    Encourage good management.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    consultant

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

    Pros

    salary is very satisfactory. working environment is also very nice

    Cons

    limited feedback to get regardıng the your work

    Advice to ManagementAdvice

    encourage employee to think freely

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Less than stellar

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

    Pros

    26 vacation days, 12 sick days, on-site gym for nominal fee, Compressed Work Schedule (CWS) option, effort toward a professional development curriculum

    Cons

    Heavily bureaucratic, not an organization where one comes in at entry level and moves anywhere other than entry level, contractual/American staff must file quarterly taxes and also are responsible in covering the Self Employment tax (about 5%).

    Doesn't Recommend
    Approves of CEO
  6.  

    Excellent place to work.

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

    Pros

    Intellectually rewarding. Great benefits. International.

    Cons

    Unclear employment framework. Governance issues.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Interesting work, great colleagues, but overly bureaucratic and outdated procedures and HR rules bring everyone down

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

    Pros

    Good benefits and salary. Work is not overly taxing.

    Cons

    Advancement in the organization has little to do with how well you perform your job functions. You either have to be in with the right people to move up, or wait your turn as departments are very constricted by HR rules when it comes to promotions and filling positions.

    Advice to ManagementAdvice

    Get rid of the archane HR rules that stifle talented people in the organization

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Access to decent Professional development trainings

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

    Pros

    Great benefits, transportation perks, international culture, and training opportunities

    Cons

    Contractual based, staff positions are limited. No much vertical movement.

    Recommends
    Positive Outlook
    Disapproves of CEO
  9.  

    Great

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good experience in term of international finance

    Cons

    I dont see any cons, it was a good experience

  10. 3 people found this helpful  

    Great place to start but once you plateau, not much will change (for better or worse)

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Research Analyst  in  Washington, DC
    Current Employee - Research Analyst in Washington, DC

    Pros

    The IMF is a great name to have if you're interested in economics or macro. There may be no better place to learn the basics in an academic type multilateral environment; if that's what sounds appealing to you, look no further. However, with a BA, you'll probably end up leaving for grad school or somewhere else. If you enter with an MA, you'll eventually have to leave too for somewhere else. There are no long-term career options in my opinion. They basically kick you out after 4 years being a Research Analyst.

    The job takes 4-8 months to get used to (semi-steep learning curve) but once you're there it's fairly easy day-to-day. Economists are nice. Bosses are reasonable. No major demands, no overtime (for me). Boring infrequent social events. Can start working 9-10AM and leave around 5-6. No opportunity for travel (to go on missions) in my department, although others are better. You get some research experience/exposure, but I doubt they'll publish your name as an author unless you're really good and have been there a while. They'll probably thank you in a footnote or something.

    People in DC are impressed when you tell them you work here. It also offers flexibility in terms of how you can sell yourself for the next position: i.e., you can make convincing pitch for "I'm a quant guy", "I can do macro/econ" "I'm great in multilateral environment" "I'm meant to work in government" "My skills are relevant to Wall Street/private sector" "I'm a development professional" etc. You can really pivot in a lot of ways in your next interview, and sell the IMF experience however you want.

    Work is fairly independent. Things are done on teams in theory but really everyone works on their own on a minute by minute basis. Great opportunities for macro/econ/IT/statistical/econometric trainings for free. World class lectures on hardcore econ stuff.

    Cons

    No long term career path, but hey I don't want to stay in DC anyway so not really complaining. Plus you should probably have a PhD or lots of work experience before you get hired as an economist. So don't expect this to happen after being a research analyst for 2-4 years although it is possible (and some people make the jump but they're very good).

    Advice to ManagementAdvice

    Train your economists on the countries they work on (politics, history, etc., not just econ). They often seem to see the countries as economic black boxes. The gap in knowledge seems to be significant in some cases, and you have to wonder whether they're able to make great policy decisions without it. (Although I suppose the low level economists are not calling the shots.)

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Field Office IT Coordinator- Contractor

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

    Pros

    Pay is pretty competitive for the same opportunity in other companies

    Cons

    Little mobility within the company, Contractors are not treated as well as staff

    Recommends
    Positive Outlook
    Approves of CEO

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