The World Bank

  www.worldbank.org
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The World Bank Reviews

Updated Jul 22, 2014
All Employees Current Employees Only

3.7 278 reviews

85% Approve of the CEO

The World Bank President Jim Yong Kim

Jim Yong Kim

(91 ratings)

81% of employees recommend this company to a friend

Review Highlights

Pros
  • Work life balance is great, together with the benefits and people(in 19 reviews)

  • The work environment differs greatly within the Bank(in 16 reviews)


Cons
  • Consultants comprise over 60% of the workforce at WBG headquarters, with no benefits or job security(in 13 reviews)

  • No benefits and little job security(in 10 reviews)

278 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    I am satisfied with my job

    Administrative Assistant (Current Employee) Sydney

    ProsThe World Bank is a good employer

    ConsI do not have any opinion

    Advice to Senior ManagementI do not have any advice

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    You have to pay for work travel costs yourself and get reimbursed which can be over $10,000

    Etc (Current Employee)

    ProsPay is good due to tax benefits. Opportunities to travel for work.

    ConsLittle support or job security. Mostly 12 month contracts that are not renewable past 2 years.

    Advice to Senior ManagementDecentralize.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Great

    Anonymous Employee (Current Employee)

    ProsCompetetive Salary and over the top benefits

    Consperks, work schedule, organization, and work environment

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    STC with Independent Evaluation Group

    Short-term Consultant (STC) (Former Employee) Washington, DC (US)

    ProsIEGCC team is great. People are very experienced, friendly, and supportive. I enjoyed working with them.

    ConsJob opportunities are limited. Most of the assignment are shared between insiders.

    Advice to Senior ManagementEnable more opportunities for outsiders. Attract people with innovative way of thinking.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Noble mission, fulfilling job

    Anonymous Employee (Current Employee)

    Prosnoble mission, challenging and interesting work (help countries develop faster and move out of poverty), international environment (great multi cultureal experience), travel to interesting places, good work-life balance

    ConsThere is too much bureaucracy compared to the private sector, and career growth is quite slow especially once you get to mid-level positions.

    Advice to Senior ManagementFocus on your best people and add more discipline in the work, reduce red tape which constraint the value-adding work of staff, less politization especially when it comes to senior appointments.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Short term consultancy experience

    Short-term Consultant (STC) (Former Employee) Jakarta (Indonesia)

    ProsGreat compensation package, frequent national and international travel, good access to high level decision makers

    ConsLots of extra hours outside normal working hours, very few opportunity to be come a permanent staff, very bureaucratic and slow decision making

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Join...but when you are very senior or over 50, preferably both.

    Junior Professional Associate (Current Employee) Washington, DC (US)

    ProsNoble mission, excellent assignments, great work-travel opportunities, smart people, lots of knowledge sharing events, work-life balance, ability to connect with professionals all over the world

    ConsHighly bureaucratic, not geared towards innovation, poor compensation for experienced young people, lack of career path for young people (except YPs maybe), high dependence on STCs and ETCs without treating them fairly

    Advice to Senior ManagementMake this an exciting place for young people (not just YPs), take smart risks, invest in innovation

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Suboptimal Culture for Consultants - Over 60% of the Work Force is Undervalued

    Anonymous Employee (Current Employee)

    ProsWorking with highly intelligent people dedicated to eradicating world poverty. Interesting and fulfilling workplace with highly diverse staff with passion and purpose.

    ConsConsultants comprise over 60% of the workforce at WBG headquarters, with no benefits or job security. Everyone is "fired" at the end of the fiscal year: June 30, regardless of where you stand with projects or responsibilities. If your project continues, and your manager is still in place, your work may resume, usually in September, but nothing is guaranteed. There is absolutely no corporate responsibility or accountability to this critical workforce. One's contract may be cancelled without notice or cause. The WBG standard of ethics and alleviation of poverty does not extend to Consultants, whether extended term or short term.

    Advice to Senior ManagementRevamp STC and ETC guidelines. Incorporate compassionate ethics into staff rules.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great colleagues, but burdensome bureaucratic processes get in the way of a fulfilling, productive career.

    Short-term Consultant (STC) (Current Employee) Washington, DC (US)

    ProsWorking with bright colleagues from diverse backgrounds to help countries reduce poverty and achieve greater prosperity.

    ConsExceedingly bureaucratic, navigating Bank politics, both within one's unit and in other units, has a profound impact on one's career advancement. Further, as a consultant, there is no job security and wages for U.S. nationals, after taxes, are lower as compared to net rates for non-U.S. nationals (despite the assertions by the Bank to the contrary).

    Advice to Senior ManagementIncrease the transparency of consultancy rates and make the rates uniform (adjusting for taxes accordingly) for U.S. and foreign nationals. As for the bureaucratic structure, the Bank is working to address this, though it is unlikely to change markedly.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Good Break from Private sector

    Analyst (Current Employee)

    ProsTransparent Policies, 9 to 5 job, Cultural diversity,

    ConsStunted Career, small workforce constraint rotation

    Advice to Senior Managementreshuffle,

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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