Working at IMF | Glassdoor

IMF Overview

www.imf.org
Washington, DC
1001 to 5000 employees
1944
Other Organization
Finance
$1 to $2 billion (USD) per year
The International Monetary Fund (IMF) is an organization of 187 countries dedicated to promoting global monetary cooperation and the health and stability of the international financial system. Each member of the IMF contributes through the payment of quotas, ($353 billion in ... Read more

IMF – Why Work For Us?



About IMF

The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership.

Why the IMF was created and how it works

The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s.

The IMF's responsibilities: The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

Mission

The IMF’s fundamental mission is to ensure the stability of the international monetary system. It does so in three ways: keeping track of the global economy and the economies of member countries; lending to countries with balance of payments difficulties; and giving practical help to members.

Surveillance

The IMF oversees the international monetary system and monitors the economic and financial policies of its 189 member countries. As part of this process, which takes place both at the global level and in individual countries, the IMF highlights possible risks to stability and advises on needed policy adjustments.

Lending

A core responsibility of the IMF is to provide loans to member countries experiencing actual or potential balance of payments problems. This financial assistance enables countries to rebuild their international reserves, stabilize their currencies, continue paying for imports, and restore conditions for strong economic growth, while undertaking policies to correct underlying problems. Unlike development banks, the IMF does not lend for specific projects.

Capacity Development

IMF capacity development—technical assistance and training—helps member countries design and implement economic policies that foster stability and growth by strengthening their institutional capacity and skills. The IMF seeks to build on synergies between technical assistance and training to maximize their effectiveness.

The Team

The IMF has a management team and 17 departments that carry out its country, policy, analytical, and technical work. One department is charged with managing the IMF’s resources. This section also explains where the IMF gets its resources and how they are used.

Management

The IMF has a Managing Director, who is head of the staff and Chairperson of the Executive Board. The Managing Director is appointed by the Executive Board for a renewable term of five years and is assisted by a First Deputy Managing Director and three Deputy Managing Directors.

Staff

The IMF’s employees come from all over the world; they are responsible to the IMF and not to the authorities of the countries of which they are citizens. The IMF staff is organized mainly into area; functional; and information, liaison, and support responsibilities.


IMF Reviews

3.8
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
IMF Chairman and Managing Director Christine Lagarde
Christine Lagarde
92 Ratings
  • "Working at the Fund"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Legal Counsel in Washington, DC
    Current Employee - Legal Counsel in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    World top level of expertise, diverse environment, good salaries

    Cons

    Low work flexibility, strictly rule based, poor work -life balance

    Advice to Management

    More flexibility to enhance work-life balance

See All 204 Reviews

IMF Interviews

Experience

Experience
64%
26%
8%

Getting an Interview

Getting an Interview
57%
18%
14%
5
1
1

Difficulty

3.1
Average

Difficulty

Hard
Average
Easy
  1.  

    Graduate Program Interview

    Anonymous Interview Candidate in Washington, DC
    No Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 3+ months. I interviewed at IMF (Washington, DC).

    Interview

    I applied online. I first had a phone interview question were as expected mostly related to the CV and some contemporary economic questions. I got short listed and went to DC for the panel.

    Interview Questions

    • Tell us about your research paper and its policy implications in 5 min   Answer Question
See All 62 Interviews

IMF Awards & Accolades

Let us know if we're missing any workplace or industry recognition – Add Awards

IMF Locations

Work at IMF? Share Your Experiences

IMF
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or