Inter-American Development Bank Reviews | Glassdoor

Inter-American Development Bank Reviews

Updated April 18, 2018
169 reviews

Filter

Filter

Full-timePart-time

3.7
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Inter-American Development Bank President Luis Alberto Moreno
Luis Alberto Moreno
73 Ratings

169 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
More Pros and Cons

  1. "Consultant"

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

    I have been working at Inter-American Development Bank full-time (Less than a year)

    Pros

    I really like working in the Inter-American Development Bank, it's very familiar and I'm attracted to everything that is development and more in Latin America.

    Cons

    I can not find a staff position. I like working in the bank. But there are not many possibilities to Staff but to consultancies.


  2. "Good place to learn but very bureaucratic organization"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Strategy Officer in Washington, DC
    Current Employee - Strategy Officer in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Inter-American Development Bank (More than 5 years)

    Pros

    Great environment and people. Good work-life balance

    Cons

    Very bureaucratic, hierarchical, and political. slow processes.

    Advice to Management

    Be more flexible to change and updates

  3. "Consultant at IADB"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in Washington, DC
    Former Employee - Consultant in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Inter-American Development Bank full-time (Less than a year)

    Pros

    Good work culture. Good pay. Opportunity to make an impact on society and the LAC region. Great experience for the resume.

    Cons

    The bureaucracy and the approval processes could be thought to deal with. There are also a lot of processes to learn and sometimes there could be a lack of space for innovation.


  4. "Office of Evaluation and Oversight (OVE)"

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

    I have been working at Inter-American Development Bank full-time (More than a year)

    Pros

    Very interesting work, consulting-style projects, lots of international travel, direct contact with high-level policymakers, good benefits.

    Cons

    Extremely toxic work environment fostered by management, lack of top-down trust (for example, the Director's secretary would take attendance every day, twice a day), classism and racism, no credit for hard work.

    Advice to Management

    Leave vanity metrics (such as attendance) aside, and focus on quality results.


  5. "Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Inter-American Development Bank full-time (Less than a year)

    Pros

    Possibility to work in multiple projects at once. Good exposure to training. Possibility to travel.

    Cons

    Limited possibilities to obtain a staff position with full benefits. Consultants are considered second-class citizens.


  6. Helpful (3)

    "Situation is getting worse for consultants year after year"

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

    I have been working at Inter-American Development Bank full-time (More than 3 years)

    Pros

    IDB is a good company for young professionals that are begging their career and also for someone that wants to start an international career but be aware of the cons before make a decision.

    Cons

    No meritocracy at all. No career plan. Political influenced environment. No talent management or retention. Be aware that if you plan to work at IDB as consultant the HRD has defined new rules for this type of contract that may not be attractive enough for you to decide to leave your home country to work overseas.

    Advice to Management

    You should take better care of the consultants and plan career grow to them since they making this bank move.


  7. "Site representative"

    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

    I have been working at Inter-American Development Bank full-time (Less than a year)

    Pros

    Close to metro, cultural events

    Cons

    informative is the most

  8. "Wonderful and Diverse Workplace"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Coordinator in Washington, DC
    Current Employee - Administrative Coordinator in Washington, DC

    I have been working at Inter-American Development Bank full-time (More than a year)

    Pros

    Multi-cultural environment, Lots of natural light in the atrium.

    Cons

    Not much room for upward mobility. No new staff positions are being created, so you need to rely on getting either being a consultant, or contractor, which have different benefit structures, and weird rules governing how you need to leave after a certain point.

    Advice to Management

    Create more potential for contractors to become staff members.


  9. "Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Washington, DC
    Current Employee - Consultant in Washington, DC
    Recommends
    No opinion of CEO

    I have been working at Inter-American Development Bank full-time (More than 3 years)

    Pros

    Great exposure and career growth

    Cons

    Extremely difficult to get a staff position

    Advice to Management

    Don’t get me wrong this is an excellent company to work, but due to the bank’s policy on hiring complementary work force you’re likely to return to your home country after 4 years. That’s okay if you’re on your 20s and looking for exposure and experience but not great when you want to settle


  10. Helpful (5)

    "Officer"

    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

    I have been working at Inter-American Development Bank full-time (Less than a year)

    Pros

    -Competitive salary compared to other MDBs
    -Good work life balance
    -Great social life due to large young population
    -Great location in the middle of DC

    Cons

    -Little room for growth
    -Performance is measured by loyalty not merit
    -Significant number of staff are under-qualified and obsolete. Younger staff are overqualified for the work they are doing. Master and Phd level are hired for undergraduate roles. Both younger staff and consultants end up doing all the work.
    -Limited learning opportunities as well as rotation opportunities within the organization.
    -Rampant nepotism
    -Culture based on fear, bureaucracy and mediocrity
    -Management, in general, lack the skills to be managers
    -Suboptimal use of human resources.
    -Prevalent gender differenciation
    -Staff outsource most of their work to consultants and then take the credit for it.

    Advice to Management

    Re-train or relocate managers. They are underperforming as mentors as well as providing leadership to their team.

    Revise performance review process. It is not transparent and effective. Best to model it as those from top management consulting firms where positive criticism is encouraged, reviews are public and performance discussions are evidence based.

    Devise a strong mobility program for rotating employees based on skills. Human resources as underutilized or misused under the current structure.


Showing 169 of 243 reviews
Reset Filters