EBRD Reviews | Glassdoor

EBRD Reviews

Updated September 16, 2017
20 reviews

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2.0
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EBRD President Suma Chakrabarti
Suma Chakrabarti
14 Ratings

20 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 (2)

    "Admin support"

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

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

    Pros

    Great benefits including a nice health insurance, good salary, retirement plan, 25 days annual leave, well-known international organization, good reputation for further experiences

    Cons

    No room for growth, low chance of getting a promotion, bending the rules and procedures in favor of the management, vague job descriptions, horrible place to start your career. Employees have 'so called' rights but not in practice! Cost effectiveness and feasibility concerns are more important than the rights and career development of the employee.

    Advice to Management

    Management in HQ should try to be more aware of the situation in resident offices. Managers or heads in RO's should be supervised. Yearly surveys are not enough to solve the ongoing problems.


  2. Helpful (9)

    "Going Down"

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

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

    Pros

    In the right department, you will have great comments. In a lucky department, you will have a good manager. Do you feel lucky?

    Cons

    The current president couldn't do a better job destroying the organization if he tried. He'll probably take that as a compliment. I left because I could no longer stomach the level of demotivation and frustration that were created by adding on new bureaucracy in the name of 'modernisation' and rewarding careerists over performers.

    Advice to Management

    Stop doing what you are doing. Take a step back, have a look at the mess you created and the frustration of the people who you are supposed to lead.

  3. Helpful (5)

    "One of the strangest places to work"

    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
    No opinion of CEO

    I worked at EBRD full-time (More than 5 years)

    Pros

    The EBRD does great work in the communities it works in. It's a shame it doesn't translate these values to their staff. Remuneration is good, which is not entirely a good as it promotes laziness, people can do nothing and still get paid.

    Cons

    Slow to change, each department has it's own set of rules depending on the moods of the departmental management. The remuneration package is good, so you end up with a lot of "lifers" who are promoted solely because they've been there forever but have no knowledge of how to run their department and have terrible people skills.

    Advice to Management

    Upper management is the problem!


  4. Helpful (10)

    "Getting worse"

    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 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.


  5. Helpful (1)

    "Associate Banker"

    StarStarStarStarStar
    • 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


  6. Helpful (6)

    "Decay of EBRD"

    StarStarStarStarStar
    • 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


  7. Helpful (4)

    "Once rapidly on the decline"

    StarStarStarStarStar
    • 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

  8. Helpful (12)

    "How one president can ruin the good organisation"

    StarStarStarStarStar
    • 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


  9. Helpful (11)

    "Used to be a fabulous place to work"

    StarStarStarStarStar
    • 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


  10. "Losing the mission in internal politics"

    StarStarStarStarStar
    • 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.


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