Central Bank of Ireland Employee Reviews about "private sector"

Updated Jun 21, 2021

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Found 9 of over 159 reviews

3.7
76%
Recommend to a Friend
74%
Approve of CEO
Central Bank of Ireland Governor Philip Lane
Philip Lane
46 Ratings
Pros
  • "Nice work life balance and annual leaves(in 38 reviews)

  • "Good work life balance, Flexi time(in 26 reviews)

  • Cons
  • "Salary isn't great compared to private sector companies(in 9 reviews)

  • "a lot of politics and usual public service mentality(in 6 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "private sector"

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    1. 5.0
      Former Employee, more than 1 year

      ..

      Jun 21, 2021 - Actuarial Analyst in Dublin, Dublin
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Brilliant work/life balance, really nice atmosphere

      Cons

      Salary isn't great compared to private sector companies

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    2. 5.0
      Former Employee

      Intern at central bank

      Nov 1, 2020 - Intern in Dublin, Dublin
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Very good employer. Good annual leave and opportunities for training and development.

      Cons

      Lower salary comparing to some private sector finance cmpanies

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    3. 3.0
      Current Employee, more than 3 years

      your typical public sectory company

      Aug 1, 2019 - Anonymous Employee in Dublin, Dublin
      Recommend
      CEO Approval
      Business Outlook

      Pros

      flexible time. 24 days holiday per year plus flexible days, study leaves included when the course is recognized by the Bank. Good trainings.

      Cons

      way less benefit than private sector. Not many career opportunities. Decisions seem more political than operational

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    4. 5.0
      Current Employee, less than 1 year

      Quantitative Risk Analyst

      Apr 17, 2019 - Quantitative Risk Analyst in Dublin, Dublin
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Challenging work, with a clear purpose. Freedom in research and approach you decide to take Building is a wonderful environment, lot of utilities Generous holidays

      Cons

      Reviews seem to be very team dependent, so YMMV Can be busy/late around critical times (Brexit etc), but this is more than compensated given the flexi-time arrangements. Directorates may also be given a day off as compensation etc Wages are good and raises are reliable, however they grow slowly compared to private sector

      1 person found this review helpful
    5. 1.0
      Current Employee, more than 3 years

      IT Function Not Fit For Purpose

      Sep 11, 2018 - IT Project Manager in Dublin, Dublin
      Recommend
      CEO Approval
      Business Outlook

      Pros

      If you do not want a real job and are happy to coast and do and achieve nothing and accept your lot then this is the place for you.

      Cons

      The management of the IT function are all either long-time employees with no real IT skills or refugees from the private sector who are effectively coasting to retirement. There is no innovation or use of new technologies. Projects are always late and deliver poor customer experience. There are no promotions or recognition of performance transfers to other business areas to build-up skills, no personal development, mentoring, training, talent management or succession management. The IT function wastes large amounts of money.

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      4 people found this review helpful
    6. 2.0
      Current Employee, more than 10 years

      Think twice

      Feb 24, 2016 - Manager in Dublin, Dublin
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Thers is a strong collabrative work ethic amongst staff who clearly work as team in the public interest, however this is not rewarded by management

      Cons

      Subject to the pension levy so salaries uncompetitivie, rigidly applied forced performance ranking distribution, delayed implementation of any public sector benefitts and adoption of private sector practices to detriment of work life balalnce

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      1 person found this review helpful
    7. 3.0
      Current Employee, more than 10 years

      Shooting themselves in the foot

      Feb 8, 2016 - Anonymous Employee in Dublin, Dublin
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Interesting and rewarding work that can have a positive impact on public. Very good career advancement opportunities if you get into the right area. Decent academic support.

      Cons

      Lower pay than competitors made worse with application of pension levy. Erosion of work life balance in recent years has meant it is impossible to retain top talent who are all leaving for private sector or ECB. Generous annual leave allowances but difficult to actually take leave due to work demands. Same applies to flexi leave. Can be very stressful meeting work demands.

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      4 people found this review helpful
    8. 5.0
      Former Employee

      Excellent

      Jun 4, 2018 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Interesting & Challenging Work; Great support for learning and development; Opportunities to work in a variety of positions in the organisation; New building is a great place to work; Plenty of opportunities for promotion; Friendly colleagues.

      Cons

      Deadlines can be a little unrealistic at times, but most management staff are supportive and open to discussion; High turnover of staff in recent years as staff seek positions in the private sector due to improving economy.

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    9. 2.0
      Former Employee

      Decent CV fodder but slow moving and dull

      Jun 19, 2015 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The work-life balance is great (plus there's flexi time) and working there looks good on your cv. They encourage training. Working for a smaller regulator like this can provide good exposure in terms of quality of work.

      Cons

      Very un-motivating work environment, v little team focus in many parts of organisation- teams are extremely silo-ed. there seemed to be no communication flow below deputy head level whatsoever. People keep to themselves and are not very open. Pay is poor comparing with private sector and tax (given it is private sector) is crippling. There is much promotion of personal values the organisation wants to promote/see in their staff but there is almost no evidence of this in practice. Extremely hierarchical and old-school. Also they do not appear to know how to attract the right staff for the roles they are trying to fill. Finally, prospects of promotion beyond senior exec level v poor despite the volume of roles advertised internally.

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      3 people found this review helpful
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