Barclays Reviews

Updated April 23, 2015
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137 Reviews
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Barclays Group CEO Antony Jenkins
Antony Jenkins
38 Ratings

137 Employee Reviews

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  1. Director

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Singapore (Singapore)
    Current Employee - Director in Singapore (Singapore)

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Nothing very significant worth mentioning.

    Cons

    Too many changes in senior management. Lack of clear direction, career path etc

    Advice to Management

    Must do more to retain good talent

  2. Retail Banking Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Anonymous Contractor in Abu Dhabi (United Arab Emirates)
    Former Contractor - Anonymous Contractor in Abu Dhabi (United Arab Emirates)

    I worked at Barclays as a contractor (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Global brand with presence in more than 50 countries.

    Cons

    long working hours, being outsource staff means you have no chance in promotion or career growth, very low basic salary and no chance to compete with local banks in UAE.

    Advice to Management

    your policies and strategy led to the selling of Barclays retail business to ADIB, job well done!!

  3. Compliance analyst

    • 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 full-time

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Barclays invests a lot in training programs for analysts, people are nice although formal

    Cons

    the pay is very low, promotions are hard to come by, it seems like they are over hiring to satisfy some regulatory demands but most people are very inefficient and lack skills

    Advice to Management

    invest in technology rather than dumb people

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Cost control is the predominant concern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance in London, England (UK)
    Former Employee - Finance in London, England (UK)

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    People are friendly
    People are helpful where possible

    Cons

    Reducing costs is the dominant driver of decisions. As a result ageing systems and equipment are not improved, redundancy rounds leave fewer people doing more work, high staff turnover means few people are able to explain or justify what was done in the past, obtaining approval for any expenditure is difficult, and compensation is significantly reduced.

    Barclays is reducing in size so the environment is one of managing decline.

    The effect of this is to increase the time and effort required on process work at the expense of seeking improvements.

    Advice to Management

    Don't just accept staff turnover, find out why people are leaving and try to address their concerns.

  6. A very stressful environment

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

    I worked at Barclays full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Smart Dress
    Nice office place
    Medical Insurance
    Pension

    Cons

    Low Salary
    Sales Targets ( change of name to customer satisfaction or Solutions but still sales )
    No fair progression opportunity

    Advice to Management

    Workload balance

  7. good as a start but don't stay there for long time

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

    I have been working at Barclays

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

    Pros

    work life balance ,big name as start the first job

    Cons

    almost no growth opportunities, politics, almost no travel/training opportunities

  8. Senior management

    • 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 full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    High technology systems, good profile, professional colleagues

    Cons

    Minimum increment, too much foreigners. No level playing field

    Advice to Management

    Listen to the guys on the floor

  9. Good if your permanent, not so good if your a contractor.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Hyperion Engineer in London, England (UK)
    Former Employee - Hyperion Engineer in London, England (UK)

    I worked at Barclays

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Nice building and facilities
    Lots of external training courses

    Cons

    More managers than staff
    Very hierarchy driven

    Advice to Management

    More respect and better support for junior staff members/contractors

  10. Helpful (1)

    A successful commercial bank struggling to stay in the investment banking business.

    • 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)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The bank has a long and rich history. Its retail and commercial banking operations are doing okay.

    Cons

    If you are contemplating a career at the investment banking division of Barclays, then you need to
    be aware of the following facts (The source of the facts can be googled easily):

        As of May, 2014, Barclays announced that it will cut 19,000 jobs by year 2016. (Source BBC News, Guardian)
        Of the 19,000 job cuts, 7,500 will be in its investment banking division. (Source Bloomberg, Yahoo Finance)
        Barclays was fined $450 million for its manipulation of the global benchmark interest rate
        (the LIBOR scandal). (Source USA Today, CNBC)
        Barcalys is currently under investigation for its manipulation of the global foreign exchange
        market. (Source Bloomberg, Guardian)

    The crucial issue, however, is that the return on equity at its investment banking division is a
    meagre 2.7% (Source Bloomberg, Barclays Annual Report), far below the bank's target of 12% and its
    other divisions.

    When the return of equity of its peer bank Royal Bank of Scotland (RBS) reached such a low level, RBS decided to phase out its investment banking business over the next four years.

    Advice to Management

    Barclays is welcoming a new Chairman Mr. John McFarlane who has a reputation of being a serious business manager (Source Wall Street Journal). The senior management needs to evaluate that reality that the bank's ill advised and poorly executed entry into the investment banking business is not exactly a success. The bank needs to devise a business plan for the investment banking division. The plan should be both sound in terms of business (saving bank in terms of cost) and fair to to its employees by giving them time to make transition in their careers.

  11. Great people, terrible culture, terrible management. Too much bureaucracy.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Barclays

    Pros

    Talented People, Vast Exposure to Markets, Living in London

    Cons

    Bureaucracy, Management, Values, Attitute, Inefficiency

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