Banco Itaú Reviews | Glassdoor

Banco Itaú Reviews

Updated June 21, 2017
174 reviews

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Full-time Part-time

4.0
Star Star Star Star Star
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Approve of CEO
Banco Itaú CEO Roberto Egydio Setubal
Roberto Egydio Setubal
77 Ratings

174 Employee Reviews

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Pros
  • Great company, good benefits and oportunities (in 20 reviews)

  • Good salary and bonus in IT when compared with the market (in 11 reviews)

Cons
  • You should deal with high pressure, no work/ life balance (in 5 reviews)

  • bad work life balance, very hard to grow in the compayn (in 3 reviews)

More Pros and Cons

  1. "Sequence of mixed messages and mis-management affecting business and employees"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Miami, FL
    Former Employee - Anonymous Employee in Miami, FL
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Young company in the USA, wants to gain market share

    Cons

    Lack of attention and misuse of team during merge process
    Mixed messages from headquarter to international units, no structured plan.

    Advice to Management

    Favoritism and lack of analysis during decision and planning processes affects both clients and employees generating low level of trust.


  2. "Not a good place if you like to get thinks done."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analista De Sistemas Senior in São Paulo, São Paulo (Brazil)
    Current Employee - Analista De Sistemas Senior in São Paulo, São Paulo (Brazil)
    Doesn't Recommend
    Neutral Outlook

    I have been working at Banco Itaú full-time (More than a year)

    Pros

    Not so many overtime, good total cash

    Cons

    Bad place to grow on career, too many bureucracy, a lot of internal processes that makes no sense, bad infrastructure for work, including machines and access to resources (you aren't admin of your machine, you can't troubleshoot servers, etc", too many politics

    Advice to Management

    Don't make any sense to have specialists if all the decisions are made using political bias. Must simplify processess and give autonomy to people work and decide by themselfs.

    Must make the company values work, not only in paper. Giving example of practicing the values is a good way to make a new culture.


  3. "You can grow up if you have political skills."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Head of Treasury in São Paulo, São Paulo (Brazil)
    Current Employee - Head of Treasury in São Paulo, São Paulo (Brazil)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Banco Itaú full-time (More than 8 years)

    Pros

    You can learn a lot.

    Cons

    Your technical skills doesn't matter.


  4. "strange workplace"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Excellent Medical/dental Benefits for employees

    Cons

    They take care of there inner cirlcle only


  5. Helpful (1)

    "Confused"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Miami, FL
    Current Employee - Analyst in Miami, FL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Friendly and charming culture
    Growth-oriented / International expansion

    Cons

    Less than adequate compensation
    Purpose of business is unclear
    Confusion among staff

    Advice to Management

    Brazilian modus operandi needs to change


  6. Helpful (1)

    "Frustrating"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    One of the best salaries and benefit packages of the market.

    Cons

    - Political environment focused on internal competition instead or creating value for the company;
    - Too hierarchical; you see one director at maybe every 3 months and with very little opportunity to interact with them; lower positions have no power to take any kind of decisions.
    - Feels like working in the public sector instead of a private company;

    Advice to Management

    Retire and let new blood take over.


  7. "If you're a leader there are better banks to work for.."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director
    Former Employee - Director
    Doesn't Recommend
    Disapproves of CEO

    Pros

    several training
    a lot of entry level positions
    present in several cities
    well known company

    basically if you are leving college Itaú could be one of your choices.
    At bank engineers are the most common group of undergratuades.
    the company have several programs in order to boost your academic profile. for instance MBA programs which covers all expenses for two years.

    Cons

    no quality of life what so ever
    management lacks communication skills
    decision making process is based sole on CEO

    Usually all performance reviews are based on relationship instead of pure performance achieviments
    promotions only occurs if you know someone at board or director level.

    Advice to Management

    Grow UP !


  8. "The world starts and ends in LatAm"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Has plenty of money to throw around

    Cons

    Years behind the culture of developed countires

    Advice to Management

    Really get to know international environmnet


  9. "Started well, then got lame"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Planning Manager in São Paulo, São Paulo (Brazil)
    Former Employee - Sales Planning Manager in São Paulo, São Paulo (Brazil)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Banco Itaú full-time (More than 3 years)

    Pros

    Good salary
    Enough benefits
    Good workplace
    Nice coworkers
    Proper training
    I enjoyed work in Itau while the company was on its own, after the merge with Unibanco things got strange.

    Cons

    Too much politics
    No right direction
    Hard work doesn't mean recognition, politics yes.
    The company went from a doer company to a show off company. No one cares if you deliver or not, only if you sell properly to your bosses and to the board.

    Advice to Management

    You are loosing all the good workers, change directions soon... otherwise you will maintain only the lame workers.


  10. "If you are old, you are out."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - TI Coordinator in São Paulo, São Paulo (Brazil)
    Former Employee - TI Coordinator in São Paulo, São Paulo (Brazil)
    Doesn't Recommend
    Negative Outlook

    I worked at Banco Itaú full-time (More than 10 years)

    Pros

    Benefits and high salaries, courses in company and structure.

    Cons

    Experiente doesn't Matter. If you are over 35, you don't have chances to be recognized.


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