EBRD Reviews

Updated 5 Jul 2020

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3.2
50%
Recommend to a Friend
34%
Approve of CEO
EBRD President Suma Chakrabarti
Suma Chakrabarti
95 Ratings
Pros
Cons
More Pros and Cons
  1. "Great work experience !!!"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at EBRD full-time for more than 5 years

    Pros

    I worked at the bank for a few years. It was a wonderful experience. The other employees were great and friendly. It’s a very professional place to work and also provides a good work life balance.

    Cons

    None I loved it there.

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  2. "Associate"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate in London, England
    No Opinion of CEO

    I have been working at EBRD full-time

    Pros

    Great Work-life balance without the need to work during weekends

    Cons

    Poor career development with too much bureaucracy

  3. Helpful (1)

    "Poor IT Vision"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Developer in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at EBRD full-time for more than 5 years

    Pros

    The bank offers stability in turbulent times.

    Cons

    Very slow to innovate - IT systems are Victorian.

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  4. Helpful (2)

    "Bad mid-level management"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Economist 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at EBRD

    Pros

    Great mission. Really focused on helping the region.

    Cons

    I had to leave the Bank. They put in management roles people who have no interest and ability to manage teams. The team Economics, Policy and Governance (EPG) is in particular weak, so many people have left it recently with disappointment.

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  5. "Survival of the unfittest"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Middle Management in London, England
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at EBRD full-time for more than 5 years

    Pros

    - job security - working hours - some smart and decent people in the c suite

    Cons

    - Growing inequality among staff. Those who joined years ago benefit from a permanent contract, generous childcare, EBRD pays for all years of child education, and generally are on the upper pay scale. Those unfortunate ones who joined in the past years are often hired on the cheap end and more often than not on short or fixed-term (donor-funded) contracts. International allowance decreases to zero after five years, and EBRD covers schooling for only five years. As a result, the ‘well-off ones' will never leave, limiting any opportunities for growth. You get a population of people who have spent their entire careers at EBRD and never experienced anything else. It is in their interest to keep things as they are. - Lots of bullying that goes unaddressed. High turnover and intimidation in several teams. People leave out of mental exhaustion, yet management stays in place. This is the case in the economics, policy and governance department and wider vice-presidency for policy and partnerships. Hiring is anything but transparent – some people are told to make it via the usual annual promotion career track or official job postings, for others jobs are miraculously created or available. Some people receive job titles that suggest subject expertise they do not have (you wouldn’t call someone a lawyer without a law degree, would you?) - No incentive or reward for driving innovation or being proactive. Resistance to change. Ideas, suggestions and innovation are more often than not met with a firm no or talked down. After a few tries, the majority gives up. - People are managers who should not be. People are promoted based on years in the bank rather than ability. No one is born a manager, but a high turnover, sick leave, and a history of staff dissatisfaction should lead to action at some point.

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  6. Helpful (4)

    "Unfit management, lack of innovation, culture of fear"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Principal in London, England
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at EBRD full-time for more than a year

    Pros

    Young talented staff, decent pension, few but fantastic managers

    Cons

    Unfit management: Management is not trained to lead teams and often jump from a technical role to a managerial position as it is the only way to progress. Other times, staff have limited technical skills and still get to managers per virtue of longevity. Unfortunately, the negative impact is compounded by the lack of managers exposure to other employers and ways of working. This perpetuates bad practices and lack of innovation. Most managers have only worked at EBRD for 20+ years and are unwilling to embrace change and new ideas. High attrition of young talent is driven by lack of growth opportunities within the organization, lack of competitive compensation and bullying by management. The problem is rampant and HR is well aware but does not address it (specially with bullying). The Economics Department had around 12 talented people leave in 18 months. The IT department has a similar situation with talent leaving and white British and non-technical middle management remaining. Limited resources: there are limited resources for staff to do their job. IT has been undergoing a "transformation" that has failed to deliver high quality equipment and softwares compared to other MDBs (like the Caribbean Development Bank). Payroll errors are not uncommon and the burden is placed on the employee to take crippling financial responsibility for the lack of checks and balances. Culture of fear is present in more than one team. For example, one team was told that its very low engagement was because the staff in the team was in the wrong role, the wrong team and the wrong organization. A clear reprimand for honesty in a corporate survey from HR. In another opportunity, management went out of its way to contact former employers (without authorization from HR) and use dated and irrelevant information for an EBRD performance review. Yelling in meetings, abuse of power, humiliation and aggressive emails are not uncommon. When there is consistent bullying from one staff to another, management chooses to perpetuate it when it is the same target. More than one staff member has reported mental health issues due to this management style and HR is aware. In another case, when this was raised to HR, the representative of this department stated that HR works for management not staff. This perpetuates the culture of fear. Lack of innovation is driven by work in silos, possessive management, and limited resources. There is no culture of sharing talent and resources within a team and management has even deterred transfers or secondments as if people were property. New ideas are not openly welcomed and bringing best practices from other MDBs is not seen favorably. This could be due to the lack of required introspection for improvement (something EVD is trying to push for). The position of some management is that this compromises their role and that EVD is supposed to come back with solutions; not challenge the status quo. Quality of work: there is a heterogeneity in quality of work. There are teams that strive for innovation and high quality deliverables. Other teams have taken a more archaic, hard coded and subjective approach willing to manipulate corporate data to portray the bank in a certain light.

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  7. "Good company to work for"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - SAP Technical Consultant in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at EBRD full-time for more than 10 years

    Pros

    A company with a good benefits package and decent working environment

    Cons

    Office is due to move in the next year which for some will make the commute longer and untenable

  8. Helpful (2)

    "Poor management and promotion path"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - IT Consultant in London, England
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I have been working at EBRD full-time for more than 5 years

    Pros

    Great mix of European staff around the bank. Relaxed environment generally.

    Cons

    Used to be a friendly almost family like atmosphere in IT but cost cutting exercises over recent years have decimated all good will. Attempts to mimic a 5 star rated IT department but with 1* management and budgets :/. Hugely over budget and wasted resources on core project.

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  9. "N/A"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Analyst in London, England
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I have been working at EBRD full-time for more than 3 years

    Pros

    Security, life, environment, job, good

    Cons

    Difficult to get promotion, low salary, bureaucratic, difficult to get decision

  10. Helpful (1)

    "for job security"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Banking Analyst in London, England
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at EBRD full-time for more than 3 years

    Pros

    great work life balance in EBRD

    Cons

    low efficiency and limited career progression

Found 234 reviews
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