Banco Itaú

www.itau.com.br

Banco Itaú Reviews

Updated 20 January 2015
Updated 20 January 2015
75 Reviews
3.6
75 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Banco Itaú Vice Chairman, President, and CEO Roberto Egydio Setubal
Roberto Egydio Setubal
35 Ratings

Review Highlights

Pros
  • good work-life balance, good well recognized name (in 3 reviews)

  • The salaries are good in comparison with other companies in the city, good benefits (in 4 reviews)


Cons
  • The main challenge is with top and some middle management, who seem too set in their ways and kinda tired (in 3 reviews)

  • Strongly subjective meritocracy; (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    The world starts and ends in LatAm

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

    I have been working at Banco Itaú full-time (more than 3 years)

    Pros

    Has plenty of money to throw around

    Cons

    Years behind the culture of developed countires

    Advice to ManagementAdvice

    Really get to know international environmnet

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Company with a lot of resources to develop your career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Supervisor in São Paulo, São Paulo (Brazil)
    Current Employee - Supervisor in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú full-time (more than 5 years)

    Pros

    Several opportunities
    Senior executives are very experienced

    Cons

    Sometimes meritocracy is not the first thing to promote someone

    Recommends
    Neutral Outlook
  3.  

    Information Technology

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Information Technology in New York, NY (US)
    Current Employee - Associate Information Technology in New York, NY (US)

    I have been working at Banco Itaú full-time

    Pros

    Great Place To Work!
    Great Opportunities.
    Great Team.
    Great People around (Smart, Human,

    Cons

    Lower - Salary.
    Bad - Bonus.

    Advice to ManagementAdvice

    Better Salary
    Increase Bonus (Other Firms give more)

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    A challenging job, with high skilled workers

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

    I worked at Banco Itaú full-time (more than 10 years)

    Pros

    It was a good experience to work for the biggest brazilian bank, with Good benefits, good working environment and bank that and a culture and value that meet with mines.

    Cons

    There were not career opportunities and the salaries are not good.

    Recommends
  6.  

    Good work environment and a lot of opportunities to perform job rotation.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Project Analyst in São Paulo, São Paulo (Brazil)
    Current Employee - Senior Project Analyst in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú full-time (more than 3 years)

    Pros

    There are many opportunities to develop yourself in different knowledge areas, due to company size. Itaú uses the latest technology and has very solid managing processes.

    Cons

    Still too much hierarchy and a liitle bit of bureaucracy. Banking industry is very formal and if you are not a fan of this style, you may find yourself out of place.

    Advice to ManagementAdvice

    There is a very solid work in progress but still there is a lot of space to improve hierarchy in the company.

    Recommends
    Positive Outlook
  7.  

    Good benefits, hard work. Work environment depend on the area you are working for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in São Paulo, São Paulo (Brazil)
    Current Employee - Manager in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú full-time (more than 5 years)

    Pros

    I worked for a VP called ACIVS on the headquarters.
    Work for a bank has several benefits. Itau offers several other benefits at the HQ, such as a good gym at a very low cost, a library with thousands of titles, courses for expecting parents, lectures for smokers, etc.
    Compensation may vary, but it is often competitive.

    Cons

    Although the bank try to reinforce meritocracy, it may widely vary. Some bosses clearly have "favorites".
    In many cases, when you have a long history at the bank, forget getting a promotion or a raise even if you are a top performer because they know you have more to lose if you leave than the bank does.

    Advice to ManagementAdvice

    OBZ (zero based budget) clearly helped to improve processes at the beggining but after a couple years it is making coordinators work as managers, managers as superintendents and so on.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    DW/BI Support Analyst

    Current Employee - DW/BI Support Analyst in São Paulo, São Paulo (Brazil)
    Current Employee - DW/BI Support Analyst in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú full-time (less than an year)

    Pros

    I have been learning a lot about banking industry, great opportunity to develop my skills, a lot of training options.

    Cons

    It is necessary to deal with a lot of pressure every day, work during the weekends and nights it is very comum.

    Recommends
    Approves of CEO
  9.  

    chalange

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in São Paulo, São Paulo (Brazil)
    Current Employee - Project Manager in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú full-time (more than 5 years)

    Pros

    it is a very chalenging work place

    Cons

    no wayt to balance work and personal linfe
    no good culture and values

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Working at Itau

    Current Employee - Accountant in Miami, FL (US)
    Current Employee - Accountant in Miami, FL (US)

    I have been working at Banco Itaú full-time (more than an year)

    Pros

    Good work ethic
    Flexible hours
    Good training programme

    Cons

    Speaking Portuguese is essential. Most of the communication is in that language

    Advice to ManagementAdvice

    Keep up the good job

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