EBRD Employee Reviews about "working environment"

Updated 23 Dec 2020

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Found 23 of over 372 reviews

3.8
73%
Recommend to a Friend
66%
Approve of CEO
EBRD President Suma Chakrabarti
Suma Chakrabarti
135 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 "working environment"

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    1. 5.0
      Former Employee

      Wonderful place that strives to be better

      23 Dec 2020 - Communications 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lovely group of people to work with. Thus far, still the nicest, politest and intelligent working collective I’ve come across It’s a forward thinking company that are constantly looking at improvement of their work environment and are striving to evolve in stride with the digital & work/life balance needs of the modern society

      Cons

      This place is better suited for someone who would like to stay here for a long time It can be quite slow paced

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    2. 5.0
      Current Employee, more than 10 years

      Truly impactful work

      12 Dec 2020 - Managing Director in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Diverse, multicultural work environment where you can make real impact

      Cons

      Can be bureaucratic and a difficult resident board to deal with

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    3. 5.0
      Current Intern

      Positive

      25 Nov 2020 - Internship 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      it offers a nice work environment

      Cons

      working remotely makes it a bit harder to keep up with all the tasks

      1 person found this review helpful
    4. 3.0
      Current Employee, more than 1 year

      Mixed experience - not the best place to start your career

      29 Aug 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
    5. 5.0
      Former Contractor, more than 5 years

      Great place to work

      23 Aug 2020 - IT Project Manager in Kansas City, MO
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great working environment and to meet people in the business

      Cons

      Fluctuations of the tempo of the working environment

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    6. 4.0
      Former Employee, more than 10 years

      Good company to work for

      6 May 2020 - SAP Technical Consultant in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      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

      2 people found this review helpful
    7. 3.0
      Current Employee, more than 1 year

      not for junior

      6 Dec 2019 - Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      flexible working environment. not intense no long working hours

      Cons

      no guidance at all, expected to navigate stuff alone

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    8. 3.0
      Former Employee

      Good, for a short period of time

      25 Sep 2017 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Interesting job as it involves a wide array of diverse tasks. - Strong international exposure - Generous training offered - Enjoyable working environment - Good working hours. - Good office restaurant (Mozart) - Generous pension and health care, as well as a 10% "flex allowance".

      Cons

      - A work experience at EBRD may reduce employability outside EBRD; - Base tax-free salary is lower than at other banks, as EBRD's salaries do take into account the fact that employees don't pay taxes. So, at the end of the day, employees should essentially receive the same take-home pay as elsewhere, if not less (!); - Modest bonuses: 0-15% of base salary; - When looking for a mortgage, most UK mortgage providers will be able to offer only a small mortgage amount, as a result of the lower tax-free base salary (EBRD does not offer mortgages to its employees); - Currently, most job offers are for short term contract. However, it's quite frequent to see contracts being either extended or converted into permanent position; - Promotion discussions and decisions do not always favor the most hard-working staff. - Every now and then, expect some "political" decisions, which equate to poor business decision-making, , as a result of political representation on the Board, and in the shareholding of EBRD.

      8 people found this review helpful
    9. 5.0
      Former Employee, less than 1 year

      Energy Efficiency and Climate Change

      9 Apr 2018 - Analyst in Bentonville, AR
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Very friendly team. Great working culture with flexible working hours (9-5pm) and opportunity to work from home if needed. Interesting and fast paced working environment. Around 70 team members with broad range of expertise.

      Cons

      Poor knowledge sharing with team members unaware of each other's work. Not a good place for juniors with little management guidance.

      5 people found this review helpful
    10. 4.0
      Current Employee, less than 1 year

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

      25 Jan 2015 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      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

      1 person found this review helpful
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