HM Treasury

  www.hm-treasury.gov.uk
  www.hm-treasury.gov.uk
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HM Treasury Reviews

15 Reviews
3.8
15 Reviews
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HM Treasury Chancellor George Osborne
George Osborne
4 Ratings

9 Employee Reviews Back to all reviews

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  1.  

    Great place to work, pay not the best though

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

    I have been working at HM Treasury

    Pros

    Great people, interesting, important work.

    Cons

    Pay is poor, particularly compared to options elsewhere.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    A pretty political workplace which offers fantastic opportunities which are quite unique.

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

    I have been working at HM Treasury full-time for more than a year

    Pros

    Work life balance is fantastic and as well as the pension scheme. You also get opportunities that you will probably never find in the private sector, such as going to the House of Commons to help MPs with debates or to work in the private office of the Chancellor. You also get the opportunity to be a policy lead on a certain topic so you are given proper responsibilities from when you join which is brilliant.

    Cons

    Pay progression is poor, you will likely have to work for more than 4 years before moving to the next range (i.e. senior policy adviser). There can also be periods of time where there is little work to do and it can be a bit of a struggle if you do not have a project to get on with.

    Advice to ManagementAdvice

    Stagger pay so progression is easier and it is something that draw people to HMT, rather than push them away.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Great place to work, long hours

    Former Employee - Student  in  London, England (UK)
    Former Employee - Student in London, England (UK)

    I worked at HM Treasury as an intern for less than a year

    Pros

    Colleagues are excellent; opportunity to do interesting work with clear impact in a fairly small environment. You will be given responsibility early. Large management and senior executive relative to entry level employees means lots of contact and guidance from people with experience. Nice building.

    Cons

    Hours are atypical for the government as a whole. Pay the lowest of any Department (although you are being paid, even as a summer intern).

    Advice to ManagementAdvice

    Turnover still high; small staff total given mandate probably doesn't result in efficiency relative to better expenditure control. Pay could be rescaled in line with MoF practice in other OECD countries.

    Recommends
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  5.  

    Excellent working environment

    Current Employee - Assistant Economist  in  London, England (UK)
    Current Employee - Assistant Economist in London, England (UK)

    I have been working at HM Treasury as an intern for more than a year

    Pros

    High level engagement with senior colleagues. Friendly and stimulating working atmosphere. Flexible working is very helpful.

    Cons

    Pay isn't great but the flexibility and working environment do alleviate that

    Advice to ManagementAdvice

    Nothing specific.

    No opinion of CEO
  6.  

    The power house of central government

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

    I worked at HM Treasury as a contractor for more than 3 years

    Pros

    HM Treasury is a fascinating place to work

    Cons

    Complex, political, difficult to make change happen

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    For "A" personalities who want the opportunitiy to make a difference, but beware limited real-world understanding

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

    I worked at HM Treasury

    Pros

    Dynamic and constantly evolving atmosphere and work. Treasury has become a place for crisis management over the past few years and it does it very well. The calibre of the people is fantastic and the continuous drive for results brings out the best in people.

    Cons

    Upward progression has become stymied because of the limited number of SCS roles and there is a certain 'Treasury type' who tend to attain those roles. SCS are all very similar personalities. Management takes a back seat to policy development and meeting the needs of Ministers. Strategically the Department lacks the sense of direction you can find elsewhere in Whitehall.

    Recommends
  8.  

    Interesting but shorter than expected

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President  in  City of London, England (UK)
    Current Employee - Vice President in City of London, England (UK)

    I have been working at HM Treasury

    Pros

    One in a lifetime opportunity to work in a project of such a scale

    Cons

    Bonus compared to Banks in the City is very low

    Advice to ManagementAdvice

    More clarity upfront on length of the project would have been preferred

    Recommends
  9. 1 person found this helpful  

    Interesting work, very varied but poorly paid and career progression will now be difficult given budget cuts

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Policy Advisor  in  London, England (UK)
    Current Employee - Policy Advisor in London, England (UK)

    I have been working at HM Treasury

    Pros

    The work is varied - you are expected to change jobs (internally) every 18 months as a graduate and the job is rarely routine or boring. You are given a lot of responsibility early on because you work in such small teams.

    The management structure is very flat meaning that promotion is quicker than in other government departments - it is a good place to start a career especially.

    I also feel a measure of pride working at HM Treasury because it is one of those employers that is so instantly recognisable and very high profile.

    Working conditions are good, everyone has the option of working from home, 25 days holiday (minimum, rising with service) can be taken at relatively short notice. The system of flexi-time working is excellent; you can take time off in lieu very easily after a busy period.

    Cons

    Salary is lower than similar grades at other government departments - this is the main complaint. The Treasury can recruit off the back of its reputation rather than having to attract applicants with money. It grinds when you meet useless civil servants from other parts of government on much higher salaries - but then, coming from the Treasury, you can easily get a job anywhere in the public sector if you get too fed up with it.

    There is also a bit of a long hours culture, although this is relative to other parts of the public sector. It can be a bit of an unsociable place to work sometimes (people tend to be very focused on their work), although this depends to a large degree on the directorate you work for.

    Advice to ManagementAdvice

    You need to find some creative ways of motivating your staff - there is a very serious risk of losing anyone who is good over the coming years with the pay freeze and perceived lack of promotion opportunities. It won't take very long for the talent to drain out of the place.

    Recommends
  10.  

    Work/life balance a real challenge with very low compensation - but work is fascinating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at HM Treasury

    Pros

    - Front row seat to national and international events
    - Important responsibilities with the opportunity to shape and influence policy dialogue
    - Surrounded by great energy and talent
    - Learning opportunities (through work and training) are good
    - Career growth prospects well within reach, especially if you turn to other government departments afterwards.

    Cons

    - Work/life balance is often atrocious. Very fast pace of work means that prioritization has to be ruthless.
    - Compensation system is one of the lowest in the whole of HM Government, leading to high turnover.
    - Despite very competent leadership and supervision, and despite the abundant talent and unquestionable brainpower of the staff, it's a very young environment - much younger, at least, than you'd expect from one of the government departments with the most pivotal roles.
    - The performance evaluation system is relative to your peers, rather than based on your absolute performance, which more often than not results in an unusually competitive work environment

    Advice to ManagementAdvice

    - Improve the compensation package
    - Reinforce work life balance like you mean it
    - Continue to improve the incentives and reward system of the performance evaluation system.

    Recommends

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