Banco Itaú Reviews

Updated 15 April, 2015
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3.7
88 Reviews
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Banco Itaú CEO Roberto Egydio Setubal
Roberto Egydio Setubal
40 Ratings

Pros
  • good work-life balance, good well recognized name (in 3 reviews)

  • The salaries are good in comparison with other companies in the city, good benefits (in 4 reviews)

Cons
  • The main challenge is with top and some middle management, who seem too set in their ways and kinda tired (in 3 reviews)

  • Strongly subjective meritocracy; (in 4 reviews)

More Pros and Cons

Employee Reviews

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  1. SummerJob

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Banco Itaú as an intern

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    It is a well known bank, it had the largest revenue among banks worldwide. You will get some status for working there. As an summer intern, I did not have much time to work on a big project.

    Cons

    Since it is a huge company, it is way too disorganized. It took H&R almost 3 weeks to give me my own login/ password to access intranet.

    Advice to Management

    Develop and introduce new Summer Job applies. I think it should changes it structure a little bit. Since it is only about 1 or 2 months, there is not much time to work on a begin-to-end project. Maybe it should be more like a job rotation experience.

  2. IT in Itau-Unibanco

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Manager in São Paulo, São Paulo (Brazil)
    Former Employee - IT Manager in São Paulo, São Paulo (Brazil)

    I worked at Banco Itaú (more than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good opportunities, heavy tecnology investments, continuos modernization search; above average salary; good training investments

    Cons

    Lots of bureacracy | after fusion with Unibanco the long term philosophy applied to employees and results were abandoned | short term results are important now

  3. Good ideals, good payment, but bad management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Auditor Interno in São Paulo, São Paulo (Brazil)
    Former Employee - Auditor Interno in São Paulo, São Paulo (Brazil)

    I worked at Banco Itaú

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Salary is within the average
    Excellent infrastructure
    A really good mission statement

    Cons

    The worst meritocracy method that I know (they have tried to copy Ambev but failed spectacularly) it's not fair or correct because it doesn't matter how good are your results, at the end of the year managers can change your score at their own will;
    Management is old and managers fight against innovation even when the company mission statement states that the company have to pursue innovation;
    So much hierarchy that most professionals stay at the same job for years and years without receiving a promotion or salary raise

    Advice to Management

    Embrace innovation, create a fair meritocracy method that doesn't allow score changes and simplify!

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  5. Good School.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing Analyst in São Paulo, São Paulo (Brazil)
    Former Employee - Marketing Analyst in São Paulo, São Paulo (Brazil)

    I worked at Banco Itaú full-time (more than 3 years)

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    good ambience, leaders, benefits, salary

    Cons

    very political and hierarquic, slow carrer, stress,

    Advice to Management

    ;

  6. Experience in internet banking systems

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Analyst in São Paulo, São Paulo (Brazil)
    Current Employee - Systems Analyst in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú full-time (more than 5 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Good Benefits; Different Technologies;

    Cons

    Slowness in the career plan

  7. Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Intern in São Paulo, São Paulo (Brazil)
    Current Intern - Intern in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú as an intern (less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great training, awesome place to learn, very patient people, there is a good balance between work life and personal life

    Cons

    the environment is not that great, sometimes your job title is more important than your ideas and insights. The restrooms lack on cleaning.

  8. Leading LatAm bank in New York

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Banco Itaú

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Nice people. Good health benefits.

    Cons

    Small office in the US. Limited career advancement opportunity. Brazilian economy is not doing so well right now.

  9. Itau is an excelent place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Analyst in São Paulo, São Paulo (Brazil)
    Current Employee - Systems Analyst in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I have worked for Itau for 7 years and a love it. We are very well paid and the environment is wonderful.

    Cons

    The pressure for results is great

  10. You can grow up if you have political skills.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Head of Treasury in São Paulo, São Paulo (Brazil)
    Current Employee - Head of Treasury in São Paulo, São Paulo (Brazil)

    I have been working at Banco Itaú full-time (more than 8 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    You can learn a lot.

    Cons

    Your technical skills doesn't matter.

  11. Great place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Banco Itaú

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good opportunities in terms of learning and new challenges

    Cons

    Slow career progression, few are promoted constantly

    Advice to Management

    Listen to employees

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