EBRD Reviews | Glassdoor

EBRD Reviews

Updated February 15, 2017
33 reviews

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3.0
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EBRD President Suma Chakrabarti
Suma Chakrabarti
9 Ratings

33 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. "No transparency, too top heavy"

    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
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Lots of lovely and interesting people. Good quality of work.

    Cons

    Lovely people are all stuck in the middle. Organisation structure is an inverse pyramid. Some teams think it's ok to appoint a senior position rather than having a competitive selection process.

    Advice to Management

    Reduce the number of top managers


  2. Helpful (1)

    "It could be a great place"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - London in London, England (UK)
    Current Employee - London in London, England (UK)
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at EBRD full-time

    Pros

    - great mission
    - multicultural environment

    Cons

    - longer serving staff are disillusioned and demotivated due to lack of direction or action from senior management
    - top heavy
    - talent get wasted as there are no real development or training opportunities in the long term
    - some people get jobs without having the relevant skills

    Advice to Management

    - Get some fresh blood and let the frustrated oldies go
    - Make the Associate Directors do some work for their money
    - Emphasize that behavior does matter


  3. "Senior Officer"

    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)
    No opinion of CEO

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

    Pros

    Diversity, be able to take decisions yourself without having to escalate it. Benefits

    Cons

    It is very difficult to be promoted unless you change departments. This makes the development very difficult which can be frustrating for young professionals. Old fashion and not forward thinking

    Advice to Management

    Invest in the young talents, who have a lot to offer, instead of benefitting the senior management, who lacks of ideas, initiative and forward-thinking


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (5)

    "Used to be a great institution but not any more..."

    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
    Neutral Outlook
    Disapproves of CEO

    I have been working at EBRD full-time

    Pros

    - Smart, experienced and well-educated people;
    - International setting with many interesting projects;
    - Job security - it is difficult to get fired if you have a permanent contact;

    Cons

    - Obsolete mission and purpose. The Bank was created in the 1990s to support the transition from centrally planned to market-based economies in post-communist country. This is no longer a relevant mission for many of the countries, in which the Bank operates. EBRD should reform itself to stay relevant!
    - Senior management does not have a clear vision about the Bank's future. President is more skilled politics than running a business enterprise;
    - Huge bureaucracy, which causes slow decision-making and makes the institution inefficient;
    - Many important decisions are influence by internal politics, which makes the overall decision-making non-transparent;
    - Centralised decision-making. Resident office has no freedom to make independent decision;
    - Salaries are average, not great. Salary increases are meagre even when you get promoted.

    Advice to Management

    - Define a reform strategy with clear, practical objectives so that EBRD becomes a more flexible, market-oriented institution.
    - Be prepared to take more risk when financing projects;
    - Decentralise - give more decision-making authorities to the resident offices;
    - Link salaries to individual performance;
    - Reduce the number of senior staff. Promote people on the basis of their qualities and contribution, not politics.


  6. Helpful (3)

    "EBRd"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Programmer Analyst in London, England (UK)
    Current Employee - Programmer Analyst 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

    Interesting projects and good exposure

    Cons

    Bureaucratic and slow, culture weights you down


  7. Helpful (1)

    "Does what it says on the tin"

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

    I have been working at EBRD full-time

    Pros

    Sense of stability, exposure to interesting and unique projects, opportunities to work with diverse counterparties such as government entities, ministries, investment funds etc. A lot of support for staff, including visa help, subsidies etc, even despite the recent scaling down of such initiatives.

    Cons

    At times and especially with sovereign projects, the work is at times unfulfilling due to the constant impression that the Bank's input cannot influence much - often, there is lack of political will to carry out serious reform on the part of governments. Also, the culture within teams is often such that there is "competition" for projects, i.e. you have to work hard to be taken on to work on more prestigious projects - in most companies, work comes straight to you.

    The Bank often strays away from its mandate to deliver economic transition - across teams, there is a chase for business volume towards the end of each year, sometimes at a cost of inadequately prepared projects.

    Advice to Management

    Expand on the current mobility programme, ensure the support of the staff is maintained - otherwise staff morale may suffer due to the reasons described in the section "Cons" above.


  8. Helpful (2)

    "Good mission, pinching pennies"

    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

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

    Pros

    Good mission, expanding geographic coverage, focus on 21st century priorities including but not limited to green economy, gender, youth, refugees

    Cons

    Trying to cost save on the backs of employees, squeezing more from employees while not giving back in salary increases and bonuses

    Advice to Management

    remember that the number 1 asset in the Bank are the employees and without them and a positive morale the Bank cannot perform


  9. "Good working environment"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    good salary package, work life balance

    Cons

    slow career progress for almost everyone


  10. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at EBRD as a contractor

    Pros

    great benefits, reasonable pay, etc

    Cons

    pretty bad culture if you're part of RO teams..very little room to get ahead..a lot of politics and backstabbing


  11. Helpful (1)

    "Lack of career opportunities, underpaid vs. other IFIs"

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

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

    Pros

    International experience
    Many smart colleagues
    Benefits package is ok
    HQ location in London

    Cons

    Compensation packages are unfair with some employees making much more in the similar role
    Many people have been with EBRD for ages and occupy most senior roles
    Very slow progression
    Salaries are well below market, considering the COLA in London

    Advice to Management

    Management should consider what to do with people who have been with EBRD for ages and hinder professional development/career progression opportunities for younger staff. Perhaps is only way is to buy them out.



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