Barclays Reviews

Updated July 27, 2015
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Barclays Executive Chairman John McFarlane
John McFarlane
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Pros
  • Easy to manage Work life balance (in 60 reviews)

  • A steady work environment with some really good people (in 23 reviews)

Cons
  • We had to do overtime everyday so work/life balance was no so good (in 20 reviews)

  • Senior management were dictatorial (in 28 reviews)

More Pros and Cons

18 Employee Reviews

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  1. hierarchical work culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Risk Analyst in London, England (UK)
    Former Employee - Credit Risk Analyst in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work experience as the firm is reasonably successful and IB front office management is solid.

    Cons

    Limited career mobility or career progression, day to day job can be bureaucratic. No real leadership from senior managers in Risk.

    Advice to Management

    Invest in people management.


  2. Helpful (2)

    Confused

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Barclays full-time (More than 3 years)

    Pros

    Large bank with opportunities across almost all banking disciplines i.e Investment, Corporate, Wealth, Consumer, Cards etc Attempts to be progressive Global footprint

    Cons

    Confused culture Poor HR practices some of them downright vindictive Highly fragmented and tribal organisation incoherent strategy lax approach towards employee care Focus is on meeting targets irrespective of whether they make a difference or not Oft used/abused political lines are 1. "it increases the operational risk" - without having to justify or explain how 2. "this is not as per values" - which generally shuts up any dissenters as the next step is probably a disciplinary

    Advice to Management

    You are haemorrhaging talent that can actually help you transform the bank They are leaving due to high level of tribal politics, insensitive employee engagement Your culture which started off quite well has become a joke as HR management flaunt it with no regard to implications The last one is the biggest cause of bankers still being vilified in the society at large


  3. Avoid working for Barclays

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Money is very good, cannot think of anything else sorry

    Cons

    Very very unethical business, management turn a blind eye to irregularities, they prefer to bury things under red tap. If you raise these issues as a whistle blower you get treated as a criminal. Best avoid and work for another investment bank or tech firm. Real shame because they have a few good people, however the management team left over from Mr Diamond is still operating and the new board is no aware

    Advice to Management

    Look at how many people are leaving the firm having only just joined, even your number 2 Mr Jenkins has given you his notice. Its not a nice place to work, people are not interested in transforming rather then continue to get bonus at the cost to staff, suppliers and customers. Worst company I have worked for.


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  5. Helpful (1)

    An environment that is stuck to convention - junior Director level utterly resistant to change and improvement.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - B6 (Senior Manager) in London, England (UK)
    Former Employee - B6 (Senior Manager) in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Barclays full-time (Less than a year)

    Pros

    Compensation is ok and some of the senior management are extremely good.

    Cons

    What senior executives want to achieve and change, is halted by a bureaucratic layer of institutional lethargy and denial. The junior Director level is overpopulated with individuals who are simply hanging on for a pension. The Bank is constantly trying to change and evolve, but is continually dragged back by dinosaurs who don't like to be held to account - the culture remains: 'bowler hats and typewriters'.

    Advice to Management

    Clear out the middle (B7) level and nurture talent. Create an environment where ideas and initiative are embraced rather than actively suppressed. Regional capability needs to be brought into the centre with more collaboration - its no wonder certain BUs are so militant and separatist! I had the opportunity to progress in the bank but left as my spirit was being crushed. The RBB cluster's reputation for churn is well known, and people who have conformed in that environment struggle when they leave..


  6. Helpful (1)

    Rubbish

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Services Officer in London, England (UK)
    Current Employee - Customer Services Officer in London, England (UK)
    Doesn't Recommend
    Negative Outlook

    I have been working at Barclays full-time (More than 3 years)

    Pros

    No Pros at all as everything is Cons

    Cons

    Everything is Cons and no pros at all

    Advice to Management

    Look out for some other jobs as Barclays' ship is sinking.


  7. Helpful (1)

    Awful, do not come here

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Business Analyst in London, England (UK)
    Current Employee - Senior Business Analyst in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Barclays full-time (More than 5 years)

    Pros

    Money is good, Canary Wharf is pleasant, there are some good individuals

    Cons

    The worst kind of investment bankers, especially in IT... Team work is unheard of

    Advice to Management

    Shut down... The place is toxic


  8. Helpful (2)

    A truly awful culture; political, blame, "jobs for the boys/girls" - avoid at all costs

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director, Operations in London, England (UK)
    Former Employee - Director, Operations in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Barclays full-time (More than 5 years)

    Pros

    Money - they have to pay high end to get anyone to work there Benefits - the pension, insurance and stock options are pretty good mmmm that's it

    Cons

    Senior Management know they are fighting a losing cause so surround themselves with "yes" people and pull up the drawbridge. Presentee-ism culture - and backward looking - they block the use of Social media in this day and age!!! Execution driven and cant stick to a plan, strategy...analysis and forward thinking are non existent Huge distrust between Management and middle ranks There own self defined definition of "Talent" is "The top 200" or "SLG" - nothing else matters and forget the notion of talent rising through the ranks - they just buy in at the top. Even supported by what is well known to be the worst HR Management in FTSE. CEO is slowly smothering the cash cow Investment Bank rather that re-structure the company properly. The "culture change" programme has been a flop - C suite think by "sheep dipping" 100,000 employees through a 2 hour culture session it will change the company's culture!!! Have a look at the Salz Review and see how Barclays has missed nearly every target set for sustainable change

    Advice to Management

    Create a vision that isn't just about appeasing regulators and stick to it! Value and understand your people - you just don't and the current HR are incapable of this. Change your HRLT; they are a laughing stock in the City and climbing over each other to curry favour with C suite rather than attract, retain, develop and reward Talent.


  9. Helpful (2)

    Dissapointed

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Credit Manager in London, England (UK)
    Former Employee - Corporate Credit Manager in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Barclays full-time (More than a year)

    Pros

    I worked with a fantastic team, in a nice office. As we were far enough away from 1CP (global HQ) we had the freedom to enjoy a good work/life balance, and were monitored on the quality of our work rather than the amount of face time we put in (which is what colleagues at bigger offices tell me is the main thing they're judged on)

    Cons

    Lack of opportunities for progression. Inept management and leadership by MOST on all levels of the organisation. Uncompetitive compensation cf. elsewhere in the industry - no rewards for loyalty (several of my colleagues left the bank, then returned in the same job for much higher wages as an external candidate). Complete global ban on travel hinders business.

    Advice to Management

    Start treating your staff with more Respect - RISES needs to be top down. Make compensation compared to income derived for the bank more consistent across the business units. The Investment bank gets far too much compared to colleagues elsewhere. Don't be so tied to the vertical silos that exist in the organisation - I think it's ridiculous that HR denied a job transfer I was offered to a different department. If you're going to bring in blanket measures like the travel ban, make sure there is infrastructure in place (VC etc.) to allow colleagues to continue to do their jobs. End the unending, unflinching assault on cost - Barclays used to be about offering a good service at a reasonable price, now you just seem to be chasing for the lowest cost, and then offering terrible service levels.


  10. Helpful (1)

    Initially it was excellent but you soon realise you are just a number and their 'values' count for nothing. T

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in London, England (UK)
    Current Employee - Director in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Barclays full-time (More than 8 years)

    Pros

    Great people in the Branches and they really want to help customers. They are trying hard under extremely difficult circumstances. They are being replaced by machine's and having to work harder each day. It was a great environment but slowly that is eroding.

    Cons

    Senior Management have no concern for the actual people and they think they can do whatever they like. They consistently want staff to work longer and longer under extreme circumstances. Retail Banking is a dying industry and Branches will be closing even though they have denied it to the media.

    Advice to Management

    You need to really look at your 'Values' and decide whether you are living by them. To often if you have an option they definitely goes against you. You need to a be a 'yes' person and do as you are told.


  11. Hierarchy, bureaucracy and psychopathic leaders

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Barclays full-time (More than 5 years)

    Pros

    It could be great if they deal with the cons and issues outlined in the advice to senior management.

    Cons

    Prepared to be burnt out. "There are more people out there to stoke the fires!" Get a sponsor - being great at your job is not enough! Watch out for bad managers - grievances and staff turnover is high!

    Advice to Management

    You have to deal dictatorial style of leadership. There is no point having experts if they can be be constantly overruled by senior leaders. You have been burnt by this before. Look at B7's and SX's who have been in role a while and move them around the business. Poor managers will do anything to stay in a comfortable position. You must have anonymous 360 feedback at PD, which directly affects leaders pay. You also need to destroy the blame culture and career death by opinion. I rarely hear anyone say anything positive about another colleague! The PD system is a joke - consistency checks reward cronyism! The values are a great policy, however you to shake things up now. Also, beware of the race to the bottom and growthism.



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