IMF Reviews | Glassdoor

IMF Reviews

Updated June 27, 2017
40 reviews

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3.0
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IMF Chairman and Managing Director Christine Lagarde
Christine Lagarde
21 Ratings

40 Employee Reviews

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Pros
  • They take work-life balance seriously (in 24 reviews)

  • Talented people; data skills; international travel; learn a lot about economics in developing countries; great benefits (in 17 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. "Good work environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at IMF full-time

    Pros

    diverse, multicultural environment
    great benefits for expatriates
    good place for work-life balance

    Cons

    promotion is very slow, especially for non-economists
    lots of office politics


  2. "Staff assistant"

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

    I have been working at IMF full-time

    Pros

    Great benefits and fun environment

    Cons

    A lot of overtime and not flexible with telework

    Advice to Management

    Encourage flexible work arrangements

  3. "Great place to work, unless..."

    StarStarStarStarStar
    • 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
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great Benefits
    Safe and encouraging work environment

    Cons

    Unsatisfactory benefits for U.S. native contractuals

    Advice to Management

    I did not understand why U.S. natives, regardless of contractual or not, do not receive tax allowance, I paid a huge sum in taxes and this means im earning less than my colleagues (although they claim that U.S. natives get paid slightly more to compensate for this, but I spoke with colleagues who are internationals and the difference is minimal)


  4. "Very bureaucratic organization"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in Washington, DC
    Current Contractor - Anonymous Contractor in Washington, DC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at IMF as a contractor

    Pros

    You have the opportunity of interacting with people of different backgrounds and nationalities, very international environment which is good for the global-minded. Social activities are interesting and free for everyone, despite the bureaucracy there are staff members who are truly committed to their jobs. Some interesting projects to work on, there are some genuine efforts to modernize the institution despite pushback from the entrenched status quo.

    Cons

    Hiring is mostly based on racial/gender/nationality quotas even if the IMF denies it but if you have been long enough here you can tell it is very obvious, excessive obsession with "diversity" which doesn't allow hiring the best people based on their qualifications.
    This is very prevalent since the IMF hired a "diversity advisor" (whatever that means), lots of red tape, waste and mismanagement, underperformers/slackers get laterally "promoted" to another division or dept so they become somebody else's problem, instead of being fired. If you are an American forget about being hired as a staff or for being promoted. Little room for advancement if you are not an economist, lots of "lifers" who seem to coast collecting paychecks, just waiting for a generous retirement. Needless to say, few of them would ever survive in the private sector if they have to work there.

    Advice to Management

    You can't impose diversity, it never works and never will, hire people based on their merits and qualifications not just because HR needs to fill quotas.


  5. "Accountant"

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

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

    Pros

    Good benefits, no working pressure

    Cons

    low efficiency, poor management and no flexibility for certain department. Some mid-level manager has been in the organization for over 20 years. The system is very out of date.

    Advice to Management

    Hire new people from outside


  6. Helpful (2)

    "Multimedia"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor in Washington, DC
    Former Contractor - Anonymous Contractor in Washington, DC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at IMF as a contractor (More than 5 years)

    Pros

    Compensation, facilities and equipment are top-notch.

    Cons

    If you are an American, especially caucasian, there is no room to advance at all. It is diversity run amok. Promotions are given by political motivation above all else. I heard on multiple occasions statements like "we need an asian or a muslim for this position."

    Advice to Management

    Performance-based promotions are key in weeding out bad employees instead of laterally transferring slackers.


  7. Helpful (1)

    "Staff Assistant"

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

    I have been working at IMF full-time

    Pros

    Facilities are modern and accommodating (standing desks)
    Diverse environment

    Cons

    Contractual framework does not allow for job stability or career growth. Also has a significantly negative impact on institutional knowledge.

    Systems are over-customized and constantly interrupt workflow.

    Advice to Management

    Revise the employee framework to allow more flexibility in the converting of contractuals to staff. Foster a greater appreciation for non-Economist roles.

  8. Helpful (1)

    "Working at the IMF"

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

    Pros

    Good compensation package, flexible working hours

    Cons

    Dominated by Europeans, a lot of discrimination, you have to be part of networks to have career advancement

    Advice to Management

    Value your human resources a little bit more


  9. Helpful (1)

    "It depends"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Staff Assistant in Washington, DC
    Former Contractor - Staff Assistant in Washington, DC

    I worked at IMF as a contractor (More than a year)

    Pros

    Varied roles, departments, and career tracks. People from all over the world. Administrative positions are paid fairly well relative to market wages.

    Cons

    Organization is so large (3000+) that there are a lot of HR policies which are difficult to change. Three-tier employee classes: staff, contract, vendors. Too hard to fire staff; too few opportunities to become staff.


  10. "Senior Security Officer"

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

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

    Pros

    Great Benefits and Pension Fund

    Cons

    Extremely Bureaucratic and demanding organization which can lead to contentious work environments


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