Inter-American Development Bank Reviews

Updated July 28, 2015
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3.4
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Luis Alberto Moreno
26 Ratings

Pros
  • Good work/life balance if you are not a low grade consultant (in 13 reviews)

  • Excellent opportunity to work alongside some truly bright individuals, dedicated to international development initiatives in Latin America (in 10 reviews)

Cons
  • Lot of bureaucracy and political consideration, many short term contracts and not many possibilities of becoming part of the staff (in 4 reviews)

  • Lots of politics and slow work pace (in 3 reviews)

More Pros and Cons

61 Employee Reviews

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  1. Young professional program. most competitive program to enter the Bank.

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

    I have been working at Inter-American Development Bank full-time (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Most important multilateral organization financing social projects in LATAM

    Cons

    As a big company, process are highly bureaucratic


  2. Consultant

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

    I worked at Inter-American Development Bank full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good work-life balance. Working for good causes. Interesting projects across many areas.

    Cons

    Consultants have a very hard time finding stability or a career path within the organization.


  3. IADB

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

    I have been working at Inter-American Development Bank

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    there is a lot of bureaucracy

    Cons

    this job offers much Flexibility

    Advice to Management

    Accountability


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


  5. Consultant

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

    I have been working at Inter-American Development Bank

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Interesting new opportunities in the trade sector. Friendly colleges and the senior staff are very knowledgeable. The president is great at promoting the bank.

    Cons

    Administrative tasks usually take a lot of time and the financial decisions are very bureaucratic. Lack of communication in the department.

    Advice to Management

    Better communicate what other people in the department are working on and what are the priorities of the department.


  6. Research Fellow Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Falls Church, VA
    Current Employee - Anonymous Employee in Falls Church, VA

    I have been working at Inter-American Development Bank (Less than a year)

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Pays well and has access to a great gym with good exercise classes.

    Cons

    Very political environment and will only thrive her if are a person used to playing politics.


  7. IADB only cares about its bottom line

    Former Employee - Anonymous Employee in Washington, DC
    Former Employee - Anonymous Employee in Washington, DC

    I worked at Inter-American Development Bank

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Some people at the Bank are really committed to social and environmental justice, but they are few and far between.

    Cons

    Highly bureaucratic and political as opposed to merit-based.

    Advice to Management

    You'll have to account for your actions on judgement day.


  8. Helpful (1)

    Financial Analyst

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

    I have been working at Inter-American Development Bank full-time (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    As an international employee you don't pay income tax (only if you are not an US citzen); Great for Spanish speaker professionals since the work is carried out in Spanish; I consider it a stable job, at least in Finance and Accounting they are always looking for employees to stay there long term; 2 days of vacation each month.

    Cons

    They do not pay over time when we work late or on the weekends/holidays (which happens very often - not so much work on the weekend, but lots of work late during the week) without getting paid; Althou HR and the company encourages that you have a good work+personal life balance, it does not always happen; it is a chalenge to work there if you don't speak Spanish;


  9. Excellent place for 2-3 years, if in HQ. Be careful not to get to comfy

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

    I have been working at Inter-American Development Bank full-time (More than 3 years)

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Great work-life balance. Salary is very competitive at early stages of your career. Senior Management is well prepared, especially EVP and VPs. President is excellent at promoting the institution and strengthening political ties. Incredible benefits as staff employee. Rewarding institutional goals.

    Cons

    No incentives, no serious HR career development and compensation plan. Very complicated professional growth. Very political in some decisions. A lot of dead weight that has recurrently to be trash out through under covered reorganizations. Very little negotiation power as a contractual employee.

    Advice to Management

    Introduce incentives (bonuses and possibility of firing people quick). Clean out dead weight. Reduce staff benefits. Develop real career plans for consultants.


  10. Great staff benefits, toxic work environment

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

    I have been working at Inter-American Development Bank full-time (More than 8 years)

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

    Pros

    The organization gives opportunity to work in a variety of countries and on high-impact projects from design through completion. Staff persons have at least a relative job stability and great benefits. Consultants are disposable and have little opportunity to advance or secure a permanent position.

    Cons

    Extremely unhealthy work environment, lack of meritocracy, HR is 20 years behind, extremely political and bureaucratic, no recourse if you face discrimination or other workplace issue


  11. Good starting point when you are a young graduate

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

    I have been working at Inter-American Development Bank full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    - International exposure (Latin America) and very diverse nationalities to work with - Good work life balance - In general nice working environment - You will improve your languages skills (English, Spanish, Portuguese and French) - Competitive salaries (but no opportunity to grow or have benefits if you are a consultant)

    Cons

    - If you are a consultant: very hard to land on a staff position, so there is no benefit. - Very hard hard to move to another position without networking - It is more about who you know than who you are - Instability due to the short duration of contracts

    Advice to Management

    To not just rely on the division chiefs but also investigate deeper about how every division works.



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