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EBRD Reviews

Updated 22 March 2015
49 reviews filtered by
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2.9
49 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
EBRD President Suma Chakrabarti
Suma Chakrabarti
14 Ratings

Employee Reviews

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  1. Helpful (1)

    Secure

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Benefits and reputation of the org, access to international org career

    Cons

    Bureaucratic slow lack of budget to make things happen, high turnover in some areas

    Advice to Management

    Too political

  2. Helpful (1)

    The best days are behind us...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager in London, England
    Current Employee - Senior Manager in London, England

    I have been working at EBRD full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    You can still make a difference if you manage to navigate the organisation.

    Cons

    Increasingly hierarchical, losing focus on operations, follow-the-leader cult. HR is useless, and increasingly fad-driven. Increasing job insecurity for junior staff is tilting the organisation to inverse pyramid structure, and will create big problems soon.

    Advice to Management

    Increasing complexity and bureaucracy is not the way to take the EBRD forward. Get the headcount cap removed.

  3. Helpful (1)

    Great exposure over countries of operations

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    * depending on the sector teams - but great deal flow
    * senior bankers who know their stuff
    * work life balance

    Cons

    * too few juniors vs. senior staff
    * HR is terrible and never on your side
    * no job security if you are in a short-term contract (they keep rolling them)

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  5. Helpful (1)

    Super bureaucratic but good pay and cafeteria

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

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    good pay, little work, great cafeteria, extra money if you are an expat from abroad

    Cons

    Super bureaucratic, advancement not based on merit, particularly at higher levels. Incredibly underqualified people at top positions. Feels like you're stuck in one of the ex-communist countries before 1989

  6. It was Ok for a while

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

    I worked at EBRD

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    London-based, benefits, people, mandate, making some difference

    Cons

    decision-making (or lack of), buraucracy, outdated IT infrastructure

    Advice to Management

    Take a quality leap into 21st century

  7. Helpful (1)

    ALL depends on how much your manager will fight for you

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

    I have been working at EBRD

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    multicultural, well educated colleagues, interesting projects

    Cons

    extremely non-transparent in terms of compensation

  8. Helpful (1)

    Lots of good things going for the organisation, but looks better on paper than it is in practice

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at EBRD full-time (Less than a year)

    Pros

    - Smart colleagues from all over the world
    - Friendly work environment
    - Good compensation and benefits packages

    Cons

    - Highly bureaucratic, office politics at the senior level
    - Silos and some rivalry between different departments
    - Large differential between perks for those on permanent contracts and others

  9. Good institution undergoing through the process of sometimes meaningless change.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Banker in London, England
    Current Employee - Senior Banker in London, England

    I have been working at EBRD full-time (More than 8 years)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Excellent project finance experience. Good international experience. Professional and friendly staff.

    Cons

    "Glass ceiling" exists for progression to management positions to the nationals from the Countries of Operations. In addition subjective negative perception of some senior managers adds additional obstacles to career progression of otherwise qualified staff.

    Advice to Management

    Be more proactive defending the Bank's mandate and values to the shareholders. Be more fare to staff.

  10. Helpful (1)

    Very pleased to work here

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

    I have been working at EBRD full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Intelligent work staff, strong benefits and sense of job security. Multi cultural environment.

    Cons

    Opportunities for advancement limited sdue to low staff turnover. Very bureacratic.

  11. Helpful (5)

    FI Department - B category of managers who are afraid to be outshined

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

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

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Job security - nobody ever gets fired (even if they suck consistently)

    Cons

    As my friend (who left after a year to join Citi) put it - "I have never felt more exploited than here". Basically the business model is as follows: hire mostly C category of profesionals (from fear to be outshined); and a limited number of bright young things who are first used/exploited (without developing them or giving them appropriate rewards) and then get rid of them... Longest contract you can get these days is 3 years, with 6-12 months contracts being more usual, with no guarantee of extension. The worst part - you'll be working for senior people most of whom (with a few exeptions) are not particulary smart but know how the system works and secretive not to develop young people who can outshine them (eg. you won't get direct assess to clients, won't be copied on important emails etc), uninspiring, non-charasmatic and frankly would not have made it to the current levels in the "real world". Politics/favouritism etc are even worse than in private sector despite having less to share. My advise - if you have an offer from FI, stay away from this swamp...

    Advice to Management

    New charasmatic CEO is trying to modernise this hydra but it's not an easy job, particularly if you have outdated/ unmovable mid-management which you can not get rid of. My advise would be give more opportunities to talented young people who are currently repressed, pick them up from under their unispiring managers, develop them as management reserve using modern management/coaching techniques for a modern transperant business culture.

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