World Bank Group reviews

4.1

84% would recommend to a friend

(2,931 total reviews)

Ajay Banga

83% approve of CEO

75% positive business outlook

World Bank Group has an employee rating of 4.1 out of 5 stars, based on 2,931 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The World Bank 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

3K reviews
2.0
Aug 18, 2010
Recommend
CEO approval
Business Outlook

Pros

- Inspiring mission - Tons of brown bag lunches, lectures, and other dissemination and learning events - Access to cutting edge development research and ideas - Cosmopolitan and international atmosphere - Odds are brilliant academic or renowned development practitioner is sitting in the office next door - Well know (some would say infamous) institution and an asset to any resume - Plenty of opportunities for proactive go-getters

Cons

Most entry and mid -level jobs are offered as either so-called short term (STC) or extended term contracts (ETC). In the case of the former (the most ubiquitous), you are essentially utilized as staff, but are considered a "contractor" for remuneration purposes. STCs receive no benefits, and have to be sure to negotiate a good "daily rate" to avoid being underpaid. ETCs receive some health care and limited paid vacation. Job security is an issue with STCs as the duration of these contracts can vary from just a couple of days to 150 days. In fact, the maximum one can work at the Bank as an STC is 150 days per fiscal year, which means that you either have to take a very long unpaid vacation, take many small unpaid vacations, or find employment for the remaining months. It's also very important to find managers who are willing to mentor you, as it is easy to feel lost in the Bank and training opportunities are limited for STCs. This picture is entirely different for staff positions (or programs such as the JPA or YPO), but these are very competitive and exceedingly difficult to come by. That said, the best way to get these positions is by starting off as an STC, working hard, and becoming skilled in the art of "Bank politics." One more thing to consider is that Americans have to pay normal taxes over their earning, whereas foreign nationals don't have pay income tax at all. As a result Americans are discriminated against, either in terms of net pay, or if the gross pay is adjusted accordingly, in terms of opportunities since managers will be hesitant to hire "more expensive" Americans.

3.0
Aug 16, 2010
Recommend
CEO approval
Business Outlook

Pros

The environment is very stimulating with lots of activities going on simultaneously. There's finance, knowledge management, economic development and helping those in need/reducing poverty all rolled into one organization. If you're in the right department, the pace can be quick and interesting.

Cons

It's a staid, top heavy place - an inverted pyramid. Many people come to the World Bank with quite a bit of experience and they stay there for a long time. You're a youngster if you've worked there 5 years and there is quite a bit of competition to move up. There are also pockets of nationalism in some departments which runs counter to the very diversity the World Bank aspires to exemplify. This also makes it a more political place than most although this doesn't mean you won't find nice people working there. You just have to look a little harder.

4.0
Aug 14, 2010
Recommend
CEO approval
Business Outlook

Pros

Great mission. Lots of travel. Work with very smart people.

Cons

Very bureaucratic. Losing focus in terms of the mission. The bureaucracy gets in the way of achieving the mission. Short term goals undermine long term objectives. The quality of management is mixed.

Viewing 2899 - 2901 of 2,931 Reviews

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