I have been working at erste for a few years. I like the place. The envirinment is rathe international, with an obvious central european bias. The bank is very emplyee friendly and the compensation policy is pretty fair.
In a smaller scale an employee at erste faces the same challanges as an employee of a large international retail bank such as: Unicredit, Raiffeisen and HSBC or Standard Chartered.
Cons
The bank has grown very fast, but the internal structure has not been adapted. There are no clear career path. The HR department only task used to be calculating the pay checks and not it is struggling to get a real Human Resource Deaprtment role.
The integration policy with the subsidiariers is based too much on the idea of the "soft touch". For this reason it is very hard at any level to make colleagues in the subsidiaries do something for the Group holding if their are not willing to.
- 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.