Inter-American Development Bank Reviews | Glassdoor

Inter-American Development Bank Reviews

Updated July 1, 2017
147 reviews

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3.4
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Inter-American Development Bank President Luis Alberto Moreno
Luis Alberto Moreno
65 Ratings

147 Employee Reviews

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Pros
  • Benefits are good, flexible work environment, people are nice, good work-life balance (in 31 reviews)

  • Amazing organization which gives back to Latin America through various projects (in 33 reviews)

Cons
  • Low possibilities for achieving a staff position once you enter as a consultant (in 11 reviews)

  • Hours and there was no benefits (in 11 reviews)

More Pros and Cons

  1. "Fun and inclusive place to work"

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

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

    Pros

    You have the chance to participate on interesting development projects around the LAC region

    Cons

    Some processes could be bureaucratic and take time for approval and executions

    Advice to Management

    Invest more in your resources


  2. "Economist"

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

    I worked at Inter-American Development Bank full-time (More than 5 years)

    Pros

    Development mission and opportunity for travel. Good benefits

    Cons

    Slow decision making processes and little autonomy. Very political environment

  3. "Consultant"

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

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

    Pros

    Location is convenient. Respectful environment.

    Cons

    No future for consultants. Short term projects.

    Advice to Management

    Improve consultants continuity.


  4. "Great place to gain work experience"

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to gain work experience and learn, you get to work on different projects and learn about hands-on development issues in Latin America and the Caribbean

    Cons

    Not many benefits for consultants, hard to move up/advance within the organization, and it can become more political

    Advice to Management

    Try to find a way to provide better benefits/options for consultants, or a way for them to be able to stay and work longer within the organization if they wish to do so! There is a great turnover and it ends up affecting the implementation of the different projects


  5. "Interesting work, horrible bureaucracy"

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

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

    Pros

    Good pay (although not many benefits for consultants)
    Interesting work and intelligent and capable co-workers.
    International Environment

    Cons

    Bureaucracy and politics dominates the environment.
    Panels for employee selection are supposed to guarantee a fair process, but the end decision depends on only one person and requires little justification.
    Consultants are exploited and have no guarantee of being hired (although it is worth noting that this was not the case with me).
    Decisions are often subjective and place little care on merit.
    Opportunities of growth depend solely on the goodwill of your supervisor and on politics.

    Advice to Management

    Value the young consultants that are the backbone of your organizations.
    Place more care on promotions and people who are placed on top positions. Too many obvious appointments that have little to do with merit and competence.


  6. Helpful (2)

    "Dubious ethics"

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

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

    Pros

    PTO - 24 vacation days + 8 personal, even for new hires.
    Health insurance - No copay, no deductible.
    Pension plan - 10% contribution.
    Mission of the organization.
    Inspiring CEO.

    Cons

    The manipulation of employees by managers and the nepotism is rampant.
    Contractors are treated as second class citizens. No pay for extra hours (which are the norm).
    Long hours of work.
    Mediocre staff across corporate business units (Finance, IT, and others) who survive thanks to connections or obedience.

    Advice to Management

    Establish more visibility and controls in hirings and performance reviews. Background checks by an independent company could help.


  7. Helpful (1)

    "Awesome place to work!"

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

    I worked at Inter-American Development Bank full-time (More than 3 years)

    Pros

    IADB has great amenities for employees, gyms, a great cafeteria, a bunch of clubs and tons of events. Also, the Bank has a great mission and does great work in Latin America and the Caribbean.

    Cons

    It is extremely bureaucratic, and it's easy to get disconnected to the actual work in the region. Also, consultants/contractors are treated poorly, and with a lack of respect. As a staff member, you have great benefits, vs as a consultant you have none.

  8. Helpful (1)

    "Good place to work for 5 years!"

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

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

    Pros

    A good place to work, competitive salary and provides great exposure with region's governments.

    Cons

    The career development for young professionals is very limited.


  9. "Consultant"

    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

    Great experience, exposure, and access to people

    Cons

    Lack of career advancement, lack of clarity, not meritocracy

    Advice to Management

    Do not stay as a consultant for longer than 2 years


  10. "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
    Positive Outlook
    Approves of CEO

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

    Pros

    Great institution for development finance in Latin America.

    Cons

    Very bureaucratic with a lot of internal politics and their contractual jobs, called "consultants" have cool-off periods of 3-6 months between contracts so you do not accumulate years for retirement. This positions prevent brilliant people to advance their careers and often opt to go back to their countries or private sector.

    Advice to Management

    Improve contracting schemes to attract and retain young talent.


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