Barclays Reviews

Updated October 13, 2014
Updated October 13, 2014
588 Reviews
3.1
588 Reviews
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Barclays Group CEO Antony Jenkins
Antony Jenkins
191 Ratings

Review Highlights

Pros
  • Some good people amidst a sea of people who've checked out; good work life balance (in 57 reviews)

  • Work environment is average, it's comparable to other large banks (in 22 reviews)


Cons
  • no work life balance, no transparent perfomance rating system (in 19 reviews)

  • There have been increased senior management changes in recent years (in 27 reviews)

More Highlights

109 Employee Reviews Back to all reviews

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  1.  

    HR

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Barclays full-time

    Pros

    Experience
    Good coworkers
    Nice location with lots of food choices

    Cons

    No work life balance
    Very high depending

  2.  

    No Clear Strategy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Documentation in Houston, TX
    Former Employee - Documentation in Houston, TX

    I worked at Barclays full-time (more than an year)

    Pros

    Compensation was competitive. The people who came from NYC to train us in Houston were great.

    Cons

    Poor work life balance. Manager had an NYC state of mind so she was not concerned with working timely and efficiently. Managers tend to micro manage and there is no consistency across teams. The benefits were just ok as far as prescription coverage I felt I paid more with Barclays. The company is behind tech wise and they are just now going through changes other banks went through years ago. They are having another relocation strategy after less than a year in Houston.

    Advice to ManagementAdvice

    Stop making decisions so hastily. Value people more and don't be such a stickler for days off after working people for more than 12 hours a day.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Bad company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Barclays full-time

    Pros

    The health insurance plans, benefits, and 401k are the best aspects of working for this this company. There is also the benefit of working around some very intelligent individuals.

    Cons

    applicable to operations teams at the company:

    Poor pay
    High stress
    Low employee morale
    Culture is very poor
    Lack of gratitude from management
    No positive reinforcement
    Only acknowledgement when there are problems
    High level of scrutiny
    Promotion process and salary increase is poor …ex: very possible that you will make less than the team you manage bc you lose overtime and the adjustment for that loss is terrible
    Inconsistent and unfair tuition reimbursement policy (discriminatory)
    No company holiday parties
    No group holiday parties
    Poor management at most levels* (there are a handful of good managers who want you to succeed, and who are willing to take time and offer advice, however, these are the minority and you must generally seek them out)
    Not somewhere to have a long career

    Advice to ManagementAdvice

    improve morale, pay better, show appreciation for the hard work of many employees

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Demotivating and uninspiring

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President IT in Jersey City, NJ
    Former Employee - Assistant Vice President IT in Jersey City, NJ

    I worked at Barclays full-time (less than an year)

    Pros

    Company has a lot of good people working internally. Great skillsets and good personalities, talented as well. Great place to hang out at if you don't like doing much work or accomplishing much of anything. Pay is decent, but below market rate for location.

    Cons

    Lack of ability to get anything done. Everything is rule by committee and unless you're Director level or above, no one listens to nor cares for your opinion, no matter your level of expertise. Dual-headed teams engenders competition and lack of clear direction inhibits progress. Promotion is done via good ole boys network and grading for reviews is done on a curve; one person must receive a poor grade even when undeserved. If you're not in the UK, your opinion does not matter.

    Advice to ManagementAdvice

    Instead of playing politics, focus on listening to people and enabling success. Stop grading on a curve and start focusing on doing things, versus not rocking the boat.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6.  

    Great career move, poor life choice

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY

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

    Pros

    Resources to do great equity research, decent pay and if you're in the right group, it's a meritocracy. The pay at one point was good but with all of the scandals bonuses get cut with regularity.

    Cons

    The HR system is abysmal, management does not care about its employees and morale could not be worse. Everyone at the company got their bonuses cut during recent scandals despite being in completely different operating groups. Furthermore, nothing ever happened to those involved, they had already left the firm. Also, the pay discrepancy between your superior and yourself is massive. For example, my former boss made over 20x my salary.

    Advice to ManagementAdvice

    There should be fewer people in management who care only about themselves

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Lay offs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mobile Developer in Plano, TX
    Former Employee - Mobile Developer in Plano, TX

    I worked at Barclays as a contractor (more than an year)

    Pros

    Good colleagues, good work life balance

    Cons

    Bureaucratic style, No growth, No contract to full time chance, Layoffs without warning and with no consideration for work performance, Not e-verified, will not do STEM extension if you need it

    Advice to ManagementAdvice

    Stop hiring for no reason if you cant keep the employees you have or if you are not equipped to handle visa requirements.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Head of Latin American Interest Rate and FX Valuations

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY

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

    Pros

    You're pretty much left alone to direct your own career

    Cons

    Extremely limited opportunities within the firm. Can't keep its name out of the news

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Ehhhh.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst in New York, NY
    Current Employee - Operations Analyst in New York, NY

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

    Pros

    Most of the people I have met are very helpful. Great health benefits, 401k match.

    Cons

    Promotion process is unclear and completely different depending on the area of the bank you work in. There are seemingly people with titles who shouldn't have them as they don't do anything, or know what you would expect them to know for having that title. Executive management does not appear to have a pulse on all the negative sentiment that exists internally. Not a fun place to work. Direct mgmt seemingly doesn't care about it's staff. It's not a growing company, it's a shrinking one. No raises for years. Seemingly impossible to get an interview internally without knowing someone. HR is the worst. They are slow to respond: to queries, job submissions, etc. completely unhelpful.

    Advice to ManagementAdvice

    Needs a complete overhaul. All the money spent paying McKinnsey for the review has seemingly been wasted for the moment.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Ok when Bob D used to run things. It has fallen apart after his departure.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY

    I worked at Barclays full-time (more than 8 years)

    Pros

    Good internal mobility
    Good international mobility

    Cons

    Terrible pay
    People paying too much attention to how long you've been away from your desk

    Advice to ManagementAdvice

    Less of the "values" and "go-to bank", more about how to make money

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Not typical IB bank

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

    I have been working at Barclays

    Pros

    Work life balance
    Relatively reasonable work hours as compared to other IB banks

    Cons

    Too big
    Does not pay
    Used to promote, now the policy changed. No promotions anymore

    Advice to ManagementAdvice

    Too many policy changes from manageement

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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