EBRD "senior management" Reviews | Glassdoor.co.uk

EBRD Employee Reviews about "senior management"

Updated Oct 30, 2019

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3.6
68%
Recommend to a Friend
40%
Approve of CEO
EBRD CEO Suma Chakrabarti
Suma Chakrabarti
96 Ratings
Pros
Cons
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Reviews about "senior management"

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  1. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook

    I have been working at EBRD full-time

    Pros

    Diversity, friendly and capable colleagues, work-life balance

    Cons

    low turnover among senior management, too much influenced by policical/county issues

    EBRD2015-05-01
  2. "Mediocrity galore"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Principal in London, England
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    The mission of the institution. Work life balance. Job safety. Diversity. Great support for women.

    Cons

    Not merit based. Consensus driven bureaucracy. Most important factor for progress are the number of years spent in a role, regardless of performance. Senior management is low quality.

    Advice to Management

    Resign

    EBRD2019-10-30
  3. Helpful (1)

    "Not bad but not improving"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate Director in London, England
    Doesn't Recommend
    Positive Outlook
    No Opinion of CEO

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

    Pros

    Good mission, nice people, ok salary

    Cons

    Poor Senior management. Highly political. Less and less transparent hiring.

    EBRD2019-10-01
  4. Helpful (7)

    "Incompetence and benefits obsession"

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

    I worked at EBRD full-time for more than 3 years

    Pros

    Work life balance indeed superb

    Cons

    Most people in Banking department have no idea about banking as such, they are paper pushers. Most people non-stop complain about pay but are way overpaid for what they do. All senior management are office politicians vs professional bankers.

    Advice to Management

    Change the culture by replacing the dinosaur management.

    EBRD2018-12-19
  5. Helpful (2)

    "Associate Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    Former Employee - Anonymous Employee 

    I worked at EBRD full-time

    Pros

    Interesting work, good people, good life/work balance, good benefits.

    Cons

    Slow progression because the senior management has been there forever.

    EBRD2018-05-17
  6. Helpful (4)

    "It could be a great place"

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

    I have been working at EBRD full-time

    Pros

    - great mission - multicultural environment

    Cons

    - longer serving staff are disillusioned and demotivated due to lack of direction or action from senior management - top heavy - talent get wasted as there are no real development or training opportunities in the long term - some people get jobs without having the relevant skills

    Advice to Management

    - Get some fresh blood and let the frustrated oldies go - Make the Associate Directors do some work for their money - Emphasize that behavior does matter

    EBRD2017-01-18
  7. Helpful (8)

    "Used to be a great institution but not any more..."

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

    I have been working at EBRD full-time

    Pros

    - Smart, experienced and well-educated people; - International setting with many interesting projects; - Job security - it is difficult to get fired if you have a permanent contact;

    Cons

    - Obsolete mission and purpose. The Bank was created in the 1990s to support the transition from centrally planned to market-based economies in post-communist country. This is no longer a relevant mission for many of the countries, in which the Bank operates. EBRD should reform itself to stay relevant! - Senior management does not have a clear vision about the Bank's future. President is more skilled politics than... running a business enterprise; - Huge bureaucracy, which causes slow decision-making and makes the institution inefficient; - Many important decisions are influence by internal politics, which makes the overall decision-making non-transparent; - Centralised decision-making. Resident office has no freedom to make independent decision; - Salaries are average, not great. Salary increases are meagre even when you get promoted.

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    Advice to Management

    - Define a reform strategy with clear, practical objectives so that EBRD becomes a more flexible, market-oriented institution. - Be prepared to take more risk when financing projects; - Decentralise - give more decision-making authorities to the resident offices; - Link salaries to individual performance; - Reduce the number of senior staff. Promote people on the basis of their qualities and contribution, not... politics.

    Show More
    EBRD2016-12-01
  8. Helpful (4)

    "Once rapidly on the decline"

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

    I have been working at EBRD

    Pros

    The core mission in its markets remains compelling

    Cons

    Senior management levels have skyrocketed with even more careerists elevated into management who know little about their actual role.

    Advice to Management

    A real performance management culture applicable at management levels rather than trying to force down efficiencies on those doing the work whilst management

    EBRD2016-09-19
  9. Helpful (9)

    "Terrible place - avoid if you can"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in London, England

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

    Pros

    Ok salary, can cruise without work in some teams.

    Cons

    Functions like an old Soviet-style country. Advancement based on personal preferences and not achievement. Senior management and HR are terrible.

    EBRD2016-03-21
  10. Helpful (1)

    "Analyst - Good experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Analyst in London, England
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at EBRD

    Pros

    Good work life balance, working on interesting projects which have an impact on developing countries and communities, working with smart people from many countries and backgrounds, good benefits (gym, canteen, health insurance...), ethical place to work.

    Cons

    Senior management has been at the bank for decades and seem clueless as to how to run a bank. Good performance is not rewarded which is good for some people, not for others.

    Advice to Management

    Needs new management with experience outside the bank. Needs more incentives for employees to perform.

    EBRD2016-01-17
Found 17 reviews
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