Barclays Wealth Private Interview Questions & Reviews
Getting an Interview
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Summer Intern - Private Wealth Management Interview (Negative Experience)
I applied online and the process took 2 months - interviewed at Barclays Wealth in January 2014.
Interview Details – Submitted the online application - Did the online tests. Was asked to organise a time for a phone interview. The phone interview was awful - no space for actually talking to the interviewer. They just asked a bunch of questions and said they could repeat the question but it was up to us to interpret it. They gave no indication of how much they wanted to hear and when they had heard enough.
Interview Question – No difficult questions - just things like "how do you respond to feedback?" With an unrelated question next so no follow up or anything. Answer Question
Private Banking Interview (Negative Experience; Difficult Interview)
I applied online and the process took 2 months - interviewed at Barclays Wealth in April 2012.
Interview Details – Initial application on Internet - fine provided you do your homework, including on the psychometric testing. Then a telephone interview - again fine, with questions such as "why infancial services' why private banking; why Barclays Wealth"? Then onto a face-to-face interview with 2 private bankers asking much the same - trying to get to know you as a candidate, as well as testing out a bit of technical knowledge. The clincher is the Assessment Day, if you get that far. This is a 1/2 day comprising written psychometric tests, 2 x face-to-face interviews, a client role play and the presentation of a business plan. It is hard graft and will contain a mix of technical and competency based questions. All of it was friendly though, and done very professionally. It was all done very efficiently up to this point as well. Hiring decisions are normally made after this phase but in my case I was asked for a further interview and things stalled. I was told that eveything was going well and that this was the final hurdle. I attended the interview, which I thought went well, although I could have done to establish rapport, only to be told that they wanted someone with prior experience - not a satisfactory answer for someone on a programme aimed at people new to the industry.
Interview Question – Technnical: What is happening to the oil price? Answer Question
Private Banker - Embark Programme Interview (Negative Experience; Average Interview)
I applied online and the process took 4+ weeks - interviewed at Barclays Wealth in July 2011.
Interview Details – The Embark Programme is for experienced professionals looking to go into Private Banking. Process included an online application answering some questions and two timed online tests on numerical reasoning and handling of time-sensitive information. Both are fairly easy since you can practice some mock exams in advance so you know what to expect.
Then comes a telephone interview with a member of the HR team mainly to go over your CV and motivations. They keep you updated at least once a week and you can also track your progress online.
This is where things got complicated. You are supposed to get an interview (outside the selection process) with a current Embarkee to give you the opportunity to ask questions and learn all you want about the job and BW. Since we are all experienced and successful professionals looking to change careers, it is not a decision to be taken lightly and both BW and I want to make sure it's the right one. So far so good.
You are then supposed to go for a 1-to-1 interview with a senior banker to look at your career in more detail as well as your motivations to go into private wealth management and so on. If successful, you are expected to attend a half-day assessment.
I was phoned one week before the assessment centre to be told that the interview with the Embarkee would not happen and that I was therefore going straight into the interview with the senior private banker. If successful, I was to prepare a presentation outlining my three-year business plan to build my client book, to be delivered on assessment day.
Most of this wasn't really that unexpected but by robbing me of the chance to speak to the current Embarkee I lost the best opportunity I expected to have to learn about the job, make sure the career change made sense, and gain valuable info to prepare a well-thought business plan. I had been counting on that interview and as a reputable bank, I never expected BW to suddenly change their promise. So I thought: Fine, I can work with what I have and can get, and finalise the plan over the weekend between the 1-to-1 interview and the assessment day, trying to ask as many questions as possible during the 1-to-1 interview.
The 1-to-1 interview was mostly based on my career to date, my motivations to go into private wealth management and changing career, my interest in financial markets, and some competency based questions such as instances where I showed pioneering and self-starting work, etc.. What I definitely did not expect (since they had already asked me to have it ready for assessment day) was that the senior banker asked me for my business plan and of course it wasn't ready. As a result I didn't do well and looked like I hadn't given the career change enough thought.
I don't mind loosing the job for not doing my work or simply because I'm not the right candidate, but I do expect to be given a fair opportunity. This didn't feel like it.
Interview Question – What is your business plan to build your client book over the first three years? View Answer
Private Banking Executive Interview (Positive Experience; Average Interview)
The process took 1+ week - interviewed at Barclays Wealth in June 2010.
Interview Details – Found a vacancy of interest on the firm's career website and applied online. Didn't hear anything, and then about 7 weeks later was phoned to arrange an interview.
Round 1 of the interview involved a meeting with a Business Partner and an AVP, which lasted about an hour. Even mixture of competency based questions about my professional experience, and more general questions about my hobbies, interests and ambitions. The interviewers were very probably the most pleasant I have ever experienced; really felt like they were trying to get to know me rather than trying to catch me out like other firm's like to do. Was phoned later that afternoon to arrange the second stage interview.
Round 2 of the interview was two back-to-back meetings with 4 Private Bankers (2 attended each meetings). More focus on my strengths and weaknesses, as I think the Bankers were assessing which team I would be best suited for if I was offered the position. More focus on my hard skills, such as discussing examples where I have managed a project, prepared or delivered presentations etc...
Was phoned the next day with an offer.
Private Banking Interview (Positive Experience; Average Interview)
I applied through a staffing agency and the process took 5+ weeks - interviewed at Barclays Wealth in February 2010.
Interview Details – Fisrt contact was via a headhunter, got an interview within 1 a week, that was successful, was called back within a week for hybrid panel interview 4 people, 2 individual and one double. Had to wait for an additional 2 weeks for a call back. Going in for final round in a week and a bit.
Interview Question – Tell me about yourself? Answer Question
Private Banker Interview (Positive Experience; Difficult Interview)
I applied through other source and the process took a day - interviewed at Barclays Wealth in October 2009.
Interview Details – Personable, professional approach. Looking for poof of previous sales experience.
Interview Question – What is the worst thing your colleagues would say about you? Answer Question
Private Banking Sales Interview (Neutral Experience; Difficult Interview)
I applied online and the process took a day - interviewed at Barclays Wealth in November 2008.
Interview Details – First round, phone interview, some general fit questions and why you choose to apply etc. Assessment Center consists of both fit and technical questions. Local knowledge is not directly tested, but important. For sales, need to know how to acquire clients and also know products. Group task and two panel interviews and also a case study.
Interview Question – How do you acquire clients? Answer Question
Private Banker Interview (Positive Experience; Difficult Interview)
The process took 2 weeks - interviewed at Barclays Wealth in June 2008.
Interview Details – nothing to report
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