Barclays

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Barclays Reviews

Updated Jul 16, 2014
All Employees Current Employees Only

3.1 511 reviews

70% Approve of the CEO

Barclays Group CEO Antony Jenkins

Antony Jenkins

(148 ratings)

57% of employees recommend this company to a friend

Review Highlights

Pros
  • Some good people amidst a sea of people who've checked out; good work life balance(in 50 reviews)

  • Flexible work from home, multiple network of mentors(in 11 reviews)


Cons
  • Transfers are very rarely given to help staff in work/life balance unless you are management(in 18 reviews)

  • There have been increased senior management changes in recent years(in 24 reviews)

98 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
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    • Comp & Benefits
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    Investment Banking

    Anonymous Employee (Current Employee)

    ProsFast-paced work environment, interaction with some very smart individuals, opportunities to work on interesting transactions.

    ConsThe culture can be very challenging, and there is very little work life balance present with long hours being the norm. The work environment can also be very bureaucratic.

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

     

    Operations Graduate Program

    Operations Analyst (Former Employee) New York, NY

    ProsOpportunity to experience different groups
    Great training and continued education courses to take.

    ConsThe moral of the firm and specifically in Operations was always negative. Too many groups are being outsourced.

    Placement process is a little shady but if you know what you want just go after it and speak directly to the appropriate manager asap.

    Advice to Senior ManagementPut in place a more transparent promotion process. People are there for 10+, 20+ years and they are still analysts... doesn't make sense.

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

    • Culture & Values
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    • No Opinion of CEO

     

    Interesting

    Anonymous Employee (Current Employee)

    ProsThey provide work/life balance arrangements.

    ConsNot enough promotions within the firm. Needs to work on the culture of the bank. Increase bonus or base salary pools.

    No, I would not recommend this company to a friend

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    • Culture & Values
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    BCUS Revolving Door

    Senior Director (Former Employee) Wilmington, DE

    ProsMany good, loyal and hard-working colleagues.

    ConsCliquey culture. Management by committee. Management not connected to business. Complex organization with respect to US business and UK HQ.

    Advice to Senior ManagementNeed to invest in infrastructure.

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

    • Culture & Values
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    • Disapproves of CEO

    1 person found this helpful  

    Confused company

    Consultant (Former Employee) New York, NY

    ProsCan't find one, really...The best I can say is that they know what is not working. They have no real clue on how to fix it

    ConsInternal politics. Confused strategy. Execution is all over the place. Inability to recognize that some people have to be let go.

    Advice to Senior ManagementYou have to decide once and for all if quality of business processes are more important than cost cutting measures. You can do one and then the other. You can also do both at the same time but it requires mature business processes and willingness to work at making things happen. Listen to the field people in your other branches. London is not always right, nor are the people there particularly efficient and committed to the company's best interest.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

     

    Confused Strategy

    Anonymous Employee (Current Employee) New York, NY

    ProsThe quality of employee is high, some great business leadership in some areas, eg Rates.

    ConsVery confused restructuring is occurring in an effort to save cost, will likely result in thousands of layoffs in late 14.
    Compensation is well below market, particularly for employees who have stuck with Barclays for 3+ years.

    Advice to Senior ManagementReduce the workforce rather than pretending restructuring can drive out cost.

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

    • Culture & Values
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    • Approves of CEO

     

    Good experience. Hopefully "Go To" bank becomes a reality

    Vice President (Current Employee) New York, NY

    ProsHave found people to be of good quality professionally and personally

    ConsVery tough regulatory environment in which to operate

    Advice to Senior ManagementStay the course and keep communicating regularly with employees.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    The slippery slope

    Vice President (Current Employee) New York, NY

    ProsGood oportunities if you are in the right place.
    Ability to take on aditional responsibility
    You can learn a lot if you put yourself out there
    Good people working in the line jobs

    ConsPoor communication from upper managent globally
    Investment banking industry suffering greatly at the hands of the regulators
    Business currently lacking upward direction
    Many tiers of senior management
    Segregation of duties leading to button pressing staff

    Advice to Senior ManagementUnderstand the business you support in adition to having solely a high level overview of everything. Communicate better to employees in the line.

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

    • Culture & Values
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    • Disapproves of CEO

    2 people found this helpful  

    Going downhill

    Global Markets Assistant Vice President (Former Employee) New York, NY

    Pros-Trading Floor is fast paced. Strong rates + credit + EM franchises
    -Not afraid to innovate and use technology to beat competitors
    -Good culture

    Cons-Bad management ever since Bob Diamond was forced out
    -Upper management turning focus away from Investment banking and towards safer commercial banking

    Advice to Senior ManagementGet back to a proper risk/reward level

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

    • Culture & Values
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    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Declining industry

    Technology Analyst (Former Employee) New York, NY

    ProsThere is a lot of flexibility in terms of work schedule. Many people work from home sometimes. The work is interesting if you get into the right team. Great training programs. Some internal mobility for employees who have been working at the company for a bit of time.

    ConsLack of transparency from upper management. Promotion politics. Lack of compensation for employees who perform above expectations. Lack of ability to retain talent and innovate. Every week, you see a person leave the team or a new contractor being hired onto the team - causes lack of teamwork and overall knowledge of projects.

    Advice to Senior ManagementCompensate people according to their performance. Don't treat your employees as interchangeable parts.

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

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