Barclays Reviews

Updated April 27, 2015
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3.0
721 Reviews
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Barclays Group CEO Antony Jenkins
Antony Jenkins
236 Ratings

Pros
  • Some good people amidst a sea of people who've checked out; good work life balance (in 60 reviews)

  • Work environment is average, it's comparable to other large banks (in 23 reviews)

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

  • There have been increased senior management changes in recent years (in 28 reviews)

More Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Director

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Director in San Jose, CA
    Former Employee - Senior Director in San Jose, CA

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Paid well, good career path opportunities

    Cons

    Very political, all decisions driven from the UK

    Advice to Management

    NY is not London.

  2. Senior Business Analyst

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

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Depending on manager, and if it is not a revolving door managerial department, you may find a good (not great) work environment.

    Cons

    constantly shifting management (usually around “performance review - affecting potential raise, promotion, bonus)
    High attrition rate of contractors (resulting in use of resources for constant on-boarding of contractors rather than project and task focus)

    Advice to Management

    Consider at minimum Cost of Living pay increase on an annual basis.
    During transition in Management, refine Multiple Styles of Management (currently happening) to an Alignment of Management Methodology.
    Large Number of Managers do not subscribe to the Respect, Integrity, Service & Excellence Concept (“R.I.S.E.S.”, as all are trained by Barclays)

  3. Good company. Bad culture. I've never worked in a company with so much push back regarding following its own policies

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Team to Review Policies and Procedures in New York, NY
    Current Employee - Team to Review Policies and Procedures in New York, NY

    I have been working at Barclays full-time (More than a year)

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

    Pros

    Good structure. Extremely knowledge people. Nice offices Great locations. Great resources in terms of learning on the job. Most people are willing to help.

    Cons

    Compliance department run by graduates and temps who are put there to take the Abuse by those who feel they are entitled to bypass the written policies.

    Advice to Management

    Put your people on notice that no one should disrespect other workers no matter how high up the ladder they are.

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  5. 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

  6. AVP Role - interesting????

    • Senior Management
    Current Employee - Assistant Vice President
    Current Employee - Assistant Vice President

    I have been working at Barclays

    Pros

    Great chance to learn banking

    Cons

    No hikes and bad about laayoffs

  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. 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.

  9. things are getting worse

    • 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

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    good work/life balance, nice people

    Cons

    can't keep good people, compensation no increase over years

  10. Awesome organization to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in Wilmington, DE
    Former Employee - Director in Wilmington, DE

    I worked at Barclays

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Small Business environment - Very friendly

    Cons

    Small portfolio with large support group for the size of the portfolio

  11. Great internal mobility if you work hard. Good pay if you make overtime as well.

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

    I worked at Barclays

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Great office in Times Square. Building is nice. Great resume builder as well.

    Cons

    Getting to know the many different departments in the organization. Bonuses have been nonexistent the past few years. Only make money in overtime if you're not front office.

    Advice to Management

    Give actual bonuses to operations employees. Have quicker promotions and hire back bob diamond. The bank used to run a lot better.

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