Erste Group reviews

4.1

83% would recommend to a friend

(325 total reviews)
avatar

Peter Bosek

77% approve of CEO

85% positive business outlook

Erste Group has an employee rating of 4.1 out of 5 stars, based on 325 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Erste Group employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

325 reviews
2.0
Jul 24, 2012

Chaotic and bureaucratic

Recommend
CEO approval
Business Outlook

Pros

- Working hours. Everyone is out of the office after 6pm. - Flexible when it comes to changing within the bank (from one country or department to another). - Job security

Cons

- Basically no leadership. Everyone pulls into a different direction, tons of small battles between department heads. - Horrible company culture. Extremely top-down management style and no communication between managers and lower employees or between departments. Even employees make fun of the firm. - A lot of underachievers. During my three years there, I've never even heard of anyone getting sacked.

4.0
Feb 6, 2017

One man show

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good working environment, good company's vision, good name across europe, lots of good people working very hard in name of the bank, great opportunities, benefits with international footprint.

Cons

Our division's focus is out of the internal customer's needs, which is bad. Our top management doesn't appreciate people and fear has spread across the organization which resulted in active silence (potential from people is being killed) from everyone and only one man is steering. Board members do not see what is happening under the hood. Lots of the reporting isn't real and administration become priority rather than real work. My high performance team would rather change job, because of those reasons.

3.0
Mar 11, 2014
Recommend
CEO approval
Business Outlook

Pros

Interesting international environment. Some really good international managers with a broad view who are good leaders and know how to drive their staff to achieve and excel. Some high achievers. Interesting job opportunities available. Some employee benefits are good. Salaries are just above average.

Cons

Increase in salary only possible through promotion. No clear career path. Once you are in a department you tend to stay there. Movement and advancement depends on who you know not how good you are. Connections are everything. Excelling at your job is not seen as favourable by most managers or colleagues. It tends to alienate you. Team player attitude is the buzz word but backstabbing of colleagues is well known and supported. Many managers are narrow minded. Too many incompetent people employed and promoted.

Viewing 1 - 3 of 325 Reviews

Glassdoor has 565 Erste Group reviews submitted anonymously by Erste Group employees. Read employee reviews and ratings on Glassdoor to decide if Erste Group is right for you.