Dexia Reviews | Glassdoor

Dexia Reviews

Updated March 2, 2017
30 reviews

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2.6
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Dexia CEO Wouter Devriendt
Wouter Devriendt
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30 Employee Reviews

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  1. Helpful (1)

    "Vast Improvements in IT and Ops"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Personnel in New York, NY
    Current Employee - IT Personnel in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Health Benefits are great
    People are great
    Projects get completed

    Cons

    Company trying to recover from economic crisis

    Advice to Management

    The senior management leading IT has been trying very hard and making great changes. Morale is up as people feel a sense of ownership and commitment and accomplishment!
    IT has been working very hard over the last few years and rolling out lots of great projects by being more efficient and streamlining processes to reduce manual work. Overall the company is heading in the right direction! The company has changed alot in the last few years. No company is perfect but life work balance is unbeatable. Excellent health benefits. Would reccomend to a friend.


  2. "Zombie bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in New York, NY
    Current Employee - Senior Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Beginners can learn a few things. International exposure and sometimes mobility can happen. Good place for work life balance... And sometimes too much so.

    Cons

    Objectives are unclear and fuzzy politics often dominates rational thinking. Obsolete and crazy IT structure creates silos, misunderstanding and confusion. In process to be closed.

    Advice to Management

    Promote serious, competent people with hands on successful experiences. Not experts in BS.

  3. Helpful (2)

    "This place is a freakin joke"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Pee-On in New York, NY
    Current Employee - Pee-On in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Dexia full-time (More than 10 years)

    Pros

    You can get away with doing just about nothing here, on a daily basis. Employees often sleep at their desk. If they are not sleeping, they are surfing the web.

    Cons

    Below market-rate pay. By far, the most incompetent, inept management I have come across in my career, thanks to the top-heavy organizational design preferred by the French. Bureaucracy and red tape prevent real work and innovation from occuring. Seriously, do not waste your time at this place. Also, please disregard the completely biased and factually incorrect review posted in February 2014 by senior management (yes, we know who you are). Ask any current or former employee, and they will undoubtedly tell you that joining Dexia was the biggest mistake of their career (unless they are French).

    Advice to Management

    You should be ashamed of yourself. You either do not know what is going on several levels below the ivory towers on which you sit, or are too apathetic to care. You are held accountable for the ineptitude that has become modus operandi for the underlings that report to you. Shame, shame, shame on you!


  4. "Wanted to quit this place after joining there a week"

    StarStarStarStarStar
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY

    I worked at Dexia full-time (More than a year)

    Pros

    Health benefits. That is it. Period.

    Cons

    Lack of motivation. Management . This place deserves the recognition as the worst run place.

    Advice to Management

    I won't even waste my breath.


  5. Helpful (1)

    "Should have bailed one month after joining"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Doesn't Recommend

    Pros

    Benefit package here is quite good. Vacation time is generous, at 4 weeks for AVP, 5 for VP. Other reviews are spot on when they say that the work-life balance is good. Evening or weekend work is almost unheard of.

    Cons

    Lack of motivation and initiative among many of the worker bees. No real innovation here. IT organization is completely inept, using technologies long considered out-of-date at any other "real" bank. Typical French politics. if you speak the language, you might advance a bit faster than a non-French speaker.

    Advice to Management

    Completely overhaul inept IT organization by eliminating current management and hiring qualified individuals Stop hiring consultants to do work that can easily be done by internal staff who've been properly trained. Stop wasting money on outsourcing business processes that can be done more easily (and cheaply) in-house. Pay more in salary to attract higher-caliber talent.


  6. "Good place to hang out, but not work nor learn. Pay is way below market so it only attracts the lower performance people"

    StarStarStarStarStar
    • 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
    Disapproves of CEO

    Pros

    Dexia is a place where you can enjoy a good work life balance and good benefits. If you know the right people, you can live there forever.

    Cons

    Very political
    Foreign based so French and Belgian people have the "home" advantage
    Pay is very much below market
    Poor management
    Terrible HR

    Advice to Management

    Because management will always be French and Belgian, talented local people in NY will be promoted only to a certain point and leave the company because there will no longer be any opportunity for growth for them. It's a shame. And, paying low, Dexia keeps attracting people with poor performance record.


  7. "Dexia Credit Local NY"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President - Operations in New York, NY
    Current Employee - Assistant Vice President - Operations in New York, NY
    Doesn't Recommend
    Approves of CEO

    Pros

    Terrific benefits and a very strong work-life-balance ingrained in the culture. In very rare occasions are the weeks where most people work more than 40 hours. Additionally, the health insurance benefits are provided by the company. In the world of banking/finance, job security is something most people have in Dexia.

    Cons

    The compensation is well below the market. Additionally, having an expat Senior Management Team leads to complacency and lack of initiative among native staff. Unfortunately, most of the senior managers are in NY for a five-year assignment and back off to Europe after it's over. This really should change to build a more solid team in all of the branches.

    Advice to Management

    Allow there to be some risk taking and actually promote Americans to the higher levels in the NY Branch.

  8. "Portfolio manager"

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

    I worked at Dexia full-time

    Pros

    International and challenging environment. Motivated people from different backgrounds and a feeling of confidence to be part of a team

    Cons

    Lack in financials and internal crisis. Risks to lose knowledge and outstanding professionals. Low investments for education such as masters or mba program.

    Advice to Management

    it is mandatory to invest more in know how for employees and better people management


  9. "Manager"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Relaxed environment, good life work balance

    Cons

    Company was bailed out twice during banking crisis

    Advice to Management

    No particular observations


  10. "Setting up a bank in orderly resolution"

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

    I have been working at Dexia full-time (More than 5 years)

    Pros

    A dynamic and challenging environnement

    Cons

    Bank in orderly resolution, so limited evolution in the long term


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