IMF Reviews | Glassdoor

IMF Reviews

Updated May 22, 2017
18 reviews

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2.0
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IMF Chairman and Managing Director Christine Lagarde
Christine Lagarde
9 Ratings

18 Employee Reviews

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Pros
  • This is a place where work-life balance is valued (in 22 reviews)

  • Great benefits and fun environment (in 16 reviews)

Cons
  • Low work flexibility, strictly rule based, poor work -life balance (in 8 reviews)

  • Dominated by Europeans, a lot of discrimination, you have to be part of networks to have career advancement (in 7 reviews)

More Pros and Cons

  1. "Behind the curve"

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

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

    Pros

    Pay, no layoffs
    Very generous family tuition benefits, pension plan
    Long lunches and coffee chat breaks

    Cons

    TERRIBLE CULTURE - stifles ideas/rewards status quo, zero best practices, convoluted processes, terribly inefficient.
    OFFICE POLITICS - Constant turf wars in and between groups, breeds even more inefficiencies and knowledge disadvantages.
    INEFFICIENT - Little knowledge of or regard to industry standards, best practices, or tools to do one's job better.
    INCOMPETENT - Too many people in positions where they do not know what they are doing.

    Advice to Management

    *Get audited, every department. Start oversight committees
    *Bring in efficiency consultants. Update and improve processes (kudos to IT though)
    *Build accountability in every department
    *Do frequent anonymous office surveys and create action plans to improve processes, decision-making, culture.
    *Bring in external hires and empower them, not hold them back.
    *Send leaders to industry conferences for their relevant function (consulting, investing, finance, accounting) and then implement improvements
    *Follow up with new hires at month 3 and 6 to solicit feedback. Would be eye-opening.


  2. Helpful (1)

    "Mixed experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Membership Coordinator in Washington, DC
    Former Employee - Membership Coordinator in Washington, DC
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at IMF (Less than a year)

    Pros

    Some people are very inspiring and smart, Have to look carefully. Oportunities available if you know how to find them.

    Cons

    Very bureaucratic organization. Most people on conratcts rather than full time. Takes a long time to get contracts approved.

    Advice to Management

    Get to know your team

  3. Helpful (2)

    "supporting staff"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accounting Analyst in Potomac, MD
    Former Employee - Accounting Analyst in Potomac, MD
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at IMF (More than 3 years)

    Pros

    stable job environments and good benefits

    Cons

    no room for development; some middle level manager have been there for over 20 years with out-of-date technology; different treatment for contractors; very strong political environment


  4. Helpful (3)

    "Great benefits vs. limited career growth"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    The IMF provides great benefits such as home leave allowance and education allowance for foreigners (G4 visa holders). The staff is very diverse. Organization offers an amazing Defined Benefit Pension plan to staff hired on term and open ended appointments. Term appointment = 3 years and option to be renewed for 3 more years. Open ended appointment = for life, you are only fired if you do a major screw up.

    Cons

    Best career opportunities are for economists while other professionals will encounter fewer opportunities for mobility, growth and promotion. HR rules are very rigid and even stellar performers will hit roadblocks and glass ceilings before getting rewarded (i.e., promotion) for their hard work. Newly hired staff is 3 to 6 years of probation and, at the end, few will be converted to open ended positions. The job security that comes with an open ended position affects people in different ways: some will become too comfortable with the security and lose interest in self development.


  5. "Creating a test Environment in Citrix and VMware for Production Team to test their applications."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Citrix Administrative in Washington, DC
    Current Contractor - Citrix Administrative in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at IMF as a contractor (More than 5 years)

    Pros

    Creating a test Environment in Citrix and VMware for Production Team to test their applications.

    Cons

    •Expertise in building Windows 2000 ,2003 and Windows 2008 servers Array configurations, Diagnosing

    Advice to Management

    • Expertise in building Windows 2000 ,2003 and Windows 2008 servers Array configurations, Diagnosing


  6. Helpful (1)

    "Stingy"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Assistant in Washington, DC
    Former Employee - Research Assistant in Washington, DC
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Flexible hours, international culture, 26 days of annual leave, decent salary, good benefits, nice people,

    Cons

    Non-economists are pidgeon-holed from the outset. Economists are not well-versed with basic technology such as Excel. Senior management is clueless.

    Advice to Management

    Provide some growth opportunities for contractual staff.


  7. Helpful (5)

    "Great experience, terrible career development"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Economist in Washington, DC
    Former Employee - Senior Economist in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    If you join as a professional economist, it is a great place to gain experience. For support staff like office assistants, IT, research assistants, accountants, etc. there is almost a zero chance of professional growth and career advancement. Moreover, these days the IMF tends to hire many support staff on a contractual basis with hardly any job security. In my experience, the IMF is a political organization and advancement had more to do with your nationality and office politics than your merit. HR plays games and is obstructionist.

    Cons

    You grow old very fast--and very frustrated too.

    Advice to Management

    Improve transparency.

    Reduce politics from staff advancement which should be strictly on the basis of merit not nationality.

    Encourage good management.

  8. Helpful (2)

    "Less than stellar"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Staff Assistant in Washington, DC
    Current Employee - Staff Assistant in Washington, DC
    Doesn't Recommend
    Approves of CEO

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

    Pros

    26 vacation days, 12 sick days, on-site gym for nominal fee, Compressed Work Schedule (CWS) option, effort toward a professional development curriculum

    Cons

    Heavily bureaucratic, not an organization where one comes in at entry level and moves anywhere other than entry level, contractual/American staff must file quarterly taxes and also are responsible in covering the Self Employment tax (about 5%).


  9. Helpful (4)

    "Interesting work, great colleagues, but overly bureaucratic and outdated procedures and HR rules bring everyone down"

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

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

    Pros

    Good benefits and salary. Work is not overly taxing.

    Cons

    Advancement in the organization has little to do with how well you perform your job functions. You either have to be in with the right people to move up, or wait your turn as departments are very constricted by HR rules when it comes to promotions and filling positions.

    Advice to Management

    Get rid of the archane HR rules that stifle talented people in the organization


  10. Helpful (4)

    "The truth"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Diverse employees
    Great office spaces
    Good benefits for everyone except American nationals
    Flexible working conditions

    Cons

    Promotion is non-existent.
    Without a vigilant and active staff member assisting the staff member with a career opportunity, there is no opportunity at all. Most of the staff are pigeoned holed. For US nationals, particularly people of color the work experience will be difficult.

    Advice to Management

    The rule of fairness needs to be applied in every department of the organization. Promotion fairness needs to be applied to everyone. Networks need to be obligated to include all staff.


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