EBRD Employee Reviews about "career progression"

Updated Dec 27, 2020

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Found 20 of over 386 reviews

3.8
73%
Recommend to a Friend
50%
Approve of CEO
EBRD President Suma Chakrabarti
Suma Chakrabarti
145 Ratings
Pros
  • "It’s a very professional place to work and also provides a good work life balance(in 62 reviews)

  • "Great working environment and to meet people in the business(in 23 reviews)

  • Cons
  • "Con: Limited career progression opportunities(in 21 reviews)

  • "Senior Management should regularly refresh - they stay for too long(in 19 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "career progression"

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    1. 5.0
      Current Employee

      Analyst

      Nov 7, 2018 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Diverse cultures, opportunities to work with people from all over the world

      Cons

      Potentially slower career progression for juniors

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    2. 3.0
      Current Employee, more than 1 year

      Mixed experience - not the best place to start your career

      Aug 29, 2020 - Analyst in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      People: Lots of ambitious, smart and fun colleagues (particular at the junior level) who care about the mission of the Bank. Mission of the Bank: You have the chance to do meaning- and impactful work that really makes a difference in the countries where the EBRD operates. Compared to some other development work, where you spent a lot of time writing reports that nobody reads, here the results of your work are tangible and visible (or at least can be). International work environment: having colleagues from all over the world is a very enriching experience. There are possibilities for international mobility (work in one of the country offices), if you are keen on this. Salary: Salaries are generally good, even though they are lacking behind other IFIs. Benefits have deteriorated in recent years but are still decent. Salaries for interns are very competitive. WLB: Work life balance is generally very good, even though hours can be long in some departments (not comparable to commercial banks however). For many, it's a 9am-6pm job.

      Cons

      Limited room for growth and slow career progression: There is no meritocratic, structured and transparent career model in place. It is not clear what is required to advance within the Bank. Professional development is not a priority and there is no strong feedback culture. Poor talent management: There is no commitment to develop, grow and retain young talent. There is much uncertainty about contracts (see point below), as a result staff turnover is very high (at least in some departments). People understandably leave for employers that invest in them and demonstrate commitment towards their work and their careers. Precarious employment: many of the more junior staff are employed on short-term (often donor-funded) contracts with limited benefits. In many cases, there is no clarity if contracts can be extended, if funding is available etc. This leads to absurd situations where a few weeks before contracts expire, no one knows if you'll be able to stay. Consultancy contracts are also widespread - you do the same work as regular staff but with zero benefits (this practice is unfortunately common across many International Organizations). Middle management: the quality of middle management varies considerably. There are great line managers but there are also people in these positions with no capability or interest to manage even a small team. There often is very limited guidance from line managers and teams can be highly unorganized. People are promoted based on years of experience with the Bank and not based on their leadership and management abilities. In general, the management of the Bank is filled with people who have spent nearly their entire careers at EBRD - this is sometimes not to the organization's benefit. Bureaucracy and IT: Every large organization struggles with bureaucracy and office politics, but the ERBD is unlike anything I've experience before. Some departments have the opposite of a "get things done" and "can do" attitude - it's heavily process- instead of results-oriented. This can be incredibly frustrating. IT is outdated, even though the situation seems to be improving. All in all: If you are an ambitious and dynamic young professional who is eager to learn, grow and advance in your career, there are better opportunities.

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      14 people found this review helpful
    3. 2.0
      Former Employee, more than 3 years

      Career progression is almost impossible

      Dec 27, 2020 - Anonymous Employee in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Security of a permanent contract, 9-5 job.

      Cons

      Bureaucracy, ineptitude , slow/inexistent career progression, salaries are not based on merits, low bonuses and yearly salary increase, hierarchy culture

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      1 person found this review helpful
    4. 4.0
      Current Employee, more than 10 years

      good employer

      Oct 30, 2020 - Associate Director in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      interesting job, diverse and motivated workforce

      Cons

      bureaucracy, slow career progression, not based on merit

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    5. 4.0
      Current Employee

      Okay

      Oct 10, 2020 - Analyst in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Diverse environment Nice canteen Okay pay

      Cons

      Con: Limited career progression opportunities

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    6. 2.0
      Current Employee, more than 3 years

      for job security

      Feb 25, 2020 - Banking Analyst in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      great work life balance in EBRD

      Cons

      low efficiency and limited career progression

      2 people found this review helpful
    7. 3.0
      Current Employee, more than 5 years

      Interesting projects but little career progression

      Dec 11, 2019 - Principal in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good project and canteen and work life balance

      Cons

      No career progression and poor salary

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    8. 4.0
      Current Employee, more than 10 years

      Very rewarding experience with good opportunities to influence emerging markets and sectors

      Jan 6, 2014 - Senior Banker in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Very reputable international financial institution offering excellent opportunities for well rounded professional growth in a truly multicultural environment. It has challenging objectives and operates in private sector environment. It could be considered as a safe harbor in the time of crisis by someone, but it is due to its counter cyclical nature. Very good and supportive professional culture. No one would stub you in the back.

      Cons

      Growing bureaucracy. Institution is becoming very rigid due to ever growing number of restrictive policies imposed by its shareholders (public governments). Starting from certain level "glass ceiling" exists for career progression for the nationals from the countries of operations. While compensation itself is not that bad it is highly influenced by the shareholders' governments and is lagging behind the market for similar type of institutions. In other words the institution has private sector objectives and set of skills, but public sector pay.

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      3 people found this review helpful
    9. 2.0
      Current Employee, more than 5 years

      Getting worse by the day!

      Nov 16, 2015 - Principal Manager in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good pay and benefits. Great work life balance initiatives (depends on your dept). Sounds good on a CV

      Cons

      Very bureaucratic. The divide between top management and staff seems to be widening further. Career progression now worse.

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      10 people found this review helpful
    10. 4.0
      Current Employee, more than 5 years

      Associate

      Sep 20, 2018 - Associate in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work life balance, compensation, relaxed attitude, subsidised canteen, central location

      Cons

      no career progression. People get promoted based on number of years they served, not on work they do. A lot of old useless people that EBRD just cannot get rid of

      2 people found this review helpful
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