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IMF Employee Reviews about "economist"

Updated Jan 18, 2021

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4.3
85%
Recommend to a Friend
93%
Approve of CEO
IMF Chairman and Managing Director Christine Lagarde
Christine Lagarde
229 Ratings
Pros
  • "Intellectually challenging work, good work-life balance, great colleagues(in 38 reviews)

  • "great work environment and compensation(in 34 reviews)

  • Cons
  • "not much room for growth in the non economist track(in 21 reviews)

  • "Serious review needed of compensation levels (below market) and tax treatment for contractual employees(in 11 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of IMF and is not affected by filters.

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    Reviews about "economist"

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    1. 5.0
      Current Employee

      Love, with a caveat

      Oct 22, 2019 - Senior Administrative Assistant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Excellent staff, excellent benefits, outstanding learning opportunity

      Cons

      Very little room for growth if you're not an economist

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    2. 4.0
      Current Employee

      Great work environment

      Jan 18, 2021 - Staff Assistant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      -Good benefits (leave, sick leave, insurance) -great community

      Cons

      -not much room for growth in the non economist track

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    3. 4.0
      Former Contractor, more than 5 years

      Great Benefits

      Oct 1, 2020 - Human Resources Associate 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great benefits, great co-workers, good amount of challenging work

      Cons

      Not a lot of opportunities to progress in your career if you're not an economist.

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    4. 4.0
      Current Contractor, less than 1 year

      Good place to work!"

      Jun 17, 2019 - Project Officer 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      (1) Very international place. You work with some great professionals from around the world (2) the salary and benefits for full time contractual and staff are great (3) Doing meaningful work that might impact the developing regions (4) Amazing colleagues and learning opportunities

      Cons

      The organization can be hierarchical and bureaucratic, the level/type of contract the you are hired under can be hard to change. Hard to grow if you are not an economist.

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    5. 5.0
      Current Employee, less than 1 year

      Policy

      Apr 8, 2019 - Economist in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      good salary, learning opportunities, interactions with policy makers across the world

      Cons

      Too Bureaucratic. Slow growth beyond senior economist

      1 person found this review helpful
    6. 5.0
      Former Contractor, more than 3 years

      Great place to work if you know what you want

      Oct 28, 2015 - Anonymous Contractor in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      In terms of overall benefits including pay, health, wellness center onsite, course offerings to learn about different databases/programs, work hours, decent pay, and lunch break and other opportunities = it's a good organization to work for in the DC area although after the downsizing that took place, a lot of changes were implemented and apparently isn't 'as great' as it used to be...

      Cons

      Older IT system (find someone who knows what they're doing and stick with them or else you'll be lost within the TATA India call center!), switched to Travelocity for travel (PIA to deal with), very hierarchical and structured (if you want to be an admin/economist for a contract/life, great!), the career counselor onsite was a joke and should retire along with some of the department directors/chiefs and "HR" (which went from 200 people to 20 so lots of chaos!)

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    7. 1.0
      Current Employee, more than 5 years

      Do your homework and know why you're coming

      Mar 3, 2017 - Technology in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Benefits for staff like allowances for home leave, education and generous annual leave (by US standards). Contractuals don't get any home leave or education benefits. Diversity of staff from various countries and cultures. Your colleagues are genuinely nice people who are intelligent, driven, highly qualified and skilled. Non-managerial staff are passionate and committed to doing the right thing and contributing their best.

      Cons

      Ridiculously bureaucratic with consensus driven decision making. Significant number of areas lack good leadership. No accountability, which sets the culture for politics and enables egos and individual agendas. Length of service generally 15 years plus and open-ended staff waiting on generous retirement benefits. Other employment types basically waiting in line to become open-ended staff so that they can also enjoy benefits. If you're a non-economist, your career's over. Don't bother. Staff turnover is low. With everyone hanging around waiting for retirement, there are no opportunities for career growth or promotion. If you're contemplating giving up a career and home in another country, know why you're coming to the US (a temporary stay to travel and explore, experience the American culture, etc.) It should not be to develop your career. You better negotiate a hefty salary increase to make it worth your while. You won't be promoted and your salary won't grow (except for 1% annual inflationary increase).

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      7 people found this review helpful
    8. 3.0
      Current Contractor

      Very bureaucratic organization

      Mar 18, 2017 - Anonymous Contractor in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      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.

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    9. 5.0
      Former Intern, less than 1 year

      Great Internship Experience

      Jan 13, 2015 - Fund Internship Program in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      People are super nice, smart, and hard-working. Projects are interesting. Great cafeteria at both IMF and world-bank. Interns are allowed to access all major fund resources as regular full-time employees, and quite a few of us have the opportunity to present their summer project.

      Cons

      There are not much training for interns, and you may have to work very hard to catch up with the full-time economist in a very short period of time. Whether you will have a productive and busy internship depends on your team dynamics, supervisors, and assignment.

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      1 person found this review helpful
    10. 5.0
      Current Employee, more than 1 year

      research analyst

      Apr 3, 2017 - Research Analyst in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      to get a better understanding of the global economic trends and how the Fund functions in boosting the macroeconomic development of its member countries; to improve the research skills through conducting analysis using different statistical and econometric software on various countries and topics and through taking trainings; to build connections with people from diversified background and cultures

      Cons

      Contractual RAs can only work for the Fund for 4 years at most and the transition from RA to economist is quite tough.

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      3 people found this review helpful
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