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EBRD Reviews

21 reviews

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EBRD President Suma Chakrabarti
Suma Chakrabarti
10 Ratings

21 Employee Reviews

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Pros
Cons
  • longer serving staff are disillusioned and demotivated due to lack of direction or action from senior management (in 14 reviews)

  • Slow career progression, absence of recognition for high performers, slow deal approval cycle, lost vision of the mandate (in 9 reviews)

More Pros and Cons

  1. Helpful (11)

    "Think twice before you apply."

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at EBRD (More than a year)

    Pros

    Multiculturalism, if you're into that sort of thing. Fairly decent people, for the most part. The rest are just plain nuts.

    Cons

    Heavy workload, stressful environment, short-term contracts, absolutely NO chance of advancement.


  2. Helpful (4)

    "Portfolio Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at EBRD (More than 8 years)

    Pros

    work and life balance, good cafeteria and health insurance

    Cons

    flat structure, major choas now due to the reorganisation and restructuring of the organisation, lack of transparency and progression

  3. Helpful (8)

    "Avoid if you are young and have any ambitions whatsoever"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in London, England (UK)
    Current Employee - Analyst in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    - Fantastic colleagues and multicultural environment
    - Great work-life balance. Working here leaves plenty of time for hobbies!
    - Good benefits
    - Cushy place to work for 5 years before you retire - little work, no stress, inflated salary

    Cons

    - Extremely top-heavy organisation
    - Zero interest amongst management in developing younger staff, resulting in a tremendous amount of wasted potential
    - Astonishingly poor people management
    - Link between performance and compensation/progression is tenuous at best. This is not a meritocracy
    - Toxic office politics
    - Uncompetitive basic salary, although the benefits are good

    Advice to Management

    Get rid of the flab at the top; make progression easier and base it on merit; and invest in younger, more dynamic and more productive staff. They are the ones doing all the work and you are losing them in droves.


  4. Helpful (2)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Istanbul (Turkey)
    Current Employee - Analyst in Istanbul (Turkey)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The only pro is good work-life balance.

    Cons

    No career path.
    Toxic working environment.
    Line managers think that they are the king and you cannot do anything for that. They can do to you whatever they want. Line managers do mobbing to you. They critisize you with threatening. Upper management or HR are not aware of anything.
    Wage differences are huge.
    Performance bonus is extremely subjective and emotional.

    Advice to Management

    You need to listen the workers in detail and try to understand their problems and take proper action.


  5. Helpful (3)

    "Really bad place to work !"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - good canteen

    Cons

    - Toxic and unfriendly atmosphere
     - No clear management policy, no investment in employees development
    - HR are really bad and slow
    - An organization focusing on the promotion of international development worlwide should start by promoting communication, harmony and human values in the workplace

    Advice to Management

    Change everything


  6. Helpful (4)

    "Like a horror movie"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Banker in London, England (UK)
    Current Employee - Associate Banker in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Possible to be physically present without working and getting fired.

    Cons

    - No professional or personal growth, no investment in employees development.
    - Toxic office atmosphere, many depressed people

    Advice to Management

    Close the bank or change all the management.


  7. Helpful (9)

    "Not a market experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Banker in London, England (UK)
    Current Employee - Associate Banker in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - great work-life balance
    - great benefits
    - very international environment
    - easy job compared to investment banking
    - secure job, almost impossible to get fired

    Cons

    - low pay
    - close to no professional growth
    - awful office politics, toxic office atmosphere
    - impossible to get prompted

    Advice to Management

    - get a banker to run a bank, not a politician

  8. Helpful (6)

    "Sinking ship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    No lay-offs, although some redundancies exist. If you are a permanent employee you can be as flexible as you want, since you are not going to be fired anyway.

    Cons

    Too many to name one by one. It is extremely political and there is no proper incentive system for its employees. Low quality blah-blah works well. Nobody cares for the quality.

    Advice to Management

    why don't you pay more attention to the employees?


  9. Helpful (9)

    "Great potential wasted by terrible President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relatively Senior Role in London, England (UK)
    Current Employee - Relatively Senior Role in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    This is an organisation with a noble cause, some great and motivated people, and the potential to do great change in the lives of many.

    Cons

    Extremely political. Politics much more important than doing the right/effective/good thing. Some extremely incompetent managers rising to the top while the good people suffer. A president who basically destroyed the culture of the organisation and the morale of staff for hos own political interests.

    Advice to Management

    Leave. Give good and motivated people a go. You are destroying what used to be a grand institution.


  10. Helpful (4)

    "Communist/Lawless Institution"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Good mandate but this is a charity institution funded by tax-payer's money to employee incompetent people for ridiculous amount of money. If you secure a permanent job, you would never want to leave.

    Cons

    Constant bullying, discrimination, and harassment which the compliance department continues to ignore. Useless dinosaurs and new comers who act like dinosaurs who have zero clue on management. No promotion opportunities. Regular discrimination against race and gender. Exploitation for a little pay. Incompetent management. Fear of changes. No sign of effectiveness and efficiency. Loves top-down approach (so 1960's)! Bureaucratic. Horrible HR - made up with former secretaries with no qualifications nor brain to solve issues. Absolutely no one cares in the organisation. Managers hire on a "who-do-I-like" basis.

    Advice to Management

    Treat your own employees with respect.


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