EBRD Reviews | Glassdoor

EBRD Reviews

Updated March 20, 2017
17 reviews

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2.0
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EBRD President Suma Chakrabarti
Suma Chakrabarti
12 Ratings

17 Employee Reviews

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Pros
Cons
  • Senior management does not have a clear vision about the Bank's future (in 15 reviews)

  • In addition subjective negative perception of some senior managers adds additional obstacles to career progression of otherwise qualified staff (in 8 reviews)

More Pros and Cons

  1. Helpful (5)

    "Getting worse"

    Star Star Star Star Star
    • 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 full-time

    Pros

    Very interesting projects and smart people. Lots of responsibility and flexibility.

    Cons

    Badly managed bank with no strategy, no structure and in chaos.

    Advice to Management

    Start managing the bank.


  2. Helpful (1)

    "Associate Banker"

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

    Pros

    Great colleagues, good food, used to be much better place to work

    Cons

    The current President is destroying the Bank


  3. Helpful (6)

    "Decay of EBRD"

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

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

    Pros

    For years it was a lovely multi-cultural team of people dedicated to an interesting mission

    Cons

    Now the institution is on the down slope
    -constantly changing procedures and lots of new unrelated to investment jobs, advisors, policies managers continuously diminishing the role of banking (core activity of the institution)
    -no incentives for staff, atmosphere of a public bureaucratic institution
    -poor management skills of those who reached the ceiling
    -growing number of senior positions making the system heavy and expensive
    - no forward looking vision

    Advice to Management

    Listen to staff council


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  5. Helpful (4)

    "Once rapidly on the decline"

    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
    Negative Outlook
    Disapproves of CEO

    Pros

    The core mission in its markets remains compelling

    Cons

    Senior management levels have skyrocketed with even more careerists elevated into management who know little about their actual role.

    Advice to Management

    A real performance management culture applicable at management levels rather than trying to force down efficiencies on those doing the work whilst management


  6. Helpful (10)

    "How one president can ruin the good organisation"

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

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

    Pros

    The projects are interesting, there is a certain freedom in choosing the projects to work on.
    Various countries of investment and various sectors.
    Most people are experienced and reasonable

    Cons

    The current president is a disaster, too much hypocrisy and bureaucracy, politics for the sake of politics and his future political career, not the benefit of the institution or its mandate.
    Also too much management roles, some are artificially invented, 10 years ago there were less directors and projects were done more efficiently.

    Advice to Management

    Advice to the Board of directors - change the president


  7. Helpful (11)

    "Used to be a fabulous place to work"

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

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

    Pros

    The spirit of staff
    Mandate
    Fantastic central city location
    Knowledge and experience of staff unrivalled
    Good benefits and health care

    Cons

    The current president appears to be striving to make the institute like the failing UK civil service.
    Management operating by instilling fear in staff re job security, future locations

    Advice to Management

    Stop saying/implying "if you don't like it then leave It doesn't make long termers feel appreciated or needed. You need the institutional knowledge of us all


  8. "Losing the mission in internal politics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good mission, skilled staff on the field (operational) and mid management level, some top management.
    Good benefits package (especially for field staff in countries of operations, comparing to local companies), somewhat adequate salary. Good atmosphere in the field offices.

    Cons

    Very bureaucratic, many issues are solved in a prolonged "consensus-seeking" manner, with very few managers willing to take responsibility of making a decision. Many of upper and top management are playing institutional politics and buzzwords game, with no real impact on how business is done on the field.

    Advice to Management

    Be more attentive to people, which do the actual work and make things happen. Make changes to rewards and remunerations schemes, as well as promotion decisions, should be more transparent and merit based, rather than comaradery and years-in-service.


  9. Helpful (4)

    "Admin hell"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Adviser, OSG in London, England (UK)
    Current Employee - Adviser, OSG in London, England (UK)
    Recommends
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Good pay, interesting work, positive change, chance to travel, many nice people

    Cons

    Antiquated administrtive processes prevent much work getting done. Managers exclusively hired on who-you-know basis. No internal promotion. Current president ineffective.

    Advice to Management

    Cut the old-boys-club act and modernise


  10. Helpful (18)

    "the bank that has lost its way"

    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
    Negative Outlook
    Disapproves of CEO

    Pros

    originally great and noble objective
    excellent learning opportunities for junior bankers
    interesting projects

    Cons

    It seems the bank is being used by its current President as an instrument for self-promotion to a disastrous effect for the bank's operations, internal environment and employee morale.


  11. Helpful (10)

    "Getting worse by the day!"

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

    I have been working at EBRD (More than 5 years)

    Pros

    Good pay and benefits. Great work life balance initiatives (depends on your dept). Sounds good on a CV

    Cons

    Very bureaucratic. The divide between top management and staff seems to be widening further. Career progression now worse.

    Advice to Management

    "One Bank" is the biggest joke ever! The divide between management and staff is wider than ever before. They claim to want to reduce cost but the bank has the biggest presidents office ever in terms of staff numbers... all paid huge amounts of money. For every junior person been asked to leave, a Director is employed. I hope that fellow doesn't get a second term as president. He just has no clue! Most people now stay for the money.


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