Barclays Reviews

Updated June 30, 2015
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722 Employee Reviews

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  1. Helpful (3)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  2. AVP Role - interesting????

    • Career Opportunities
    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


  3. Awesome organization to work for!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  6. Helpful (2)

    Never-ending bad news, layoffs = bad morale

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

    Compared to other investment banks, decent work/life balance.

    Cons

    Since the bank announced last May that the investment bank will be shedding 7000 jobs, the mood has been bad. Morale is poor. Annual rankings force each manager to classify 10-20% of their direct reports as "needs improvement". Anybody that gets this ranking is let go. In other words, every manager has to let go of people every year.
    The number of scandals and regulatory issues Barclays is currently involves with is embarrassing and depressing.
    Bonuses were laughable or nonexistent.

    Advice to Management

    Recognize the value the Investment Bank brings to the business.
    Stop blaming prior management for all current problems.


  7. Helpful (3)

    Technology is a mess

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Wilmington, DE
    Current Employee - Assistant Vice President in Wilmington, DE

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

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

    Pros

    4 weeks vacation
    6% company match to the 401k
    Decent work/life balance for some

    Cons

    Technology is a mess and getting worse by the day. The CIO is trying and failing to turn the place around.

    Advice to Management

    Quit.


  8. Bank is shrinking from relevanace

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

    The bank has a Team Culture

    Cons

    Excessive middle management
    Insular company - didn't work well outside its defined boundaries unlike some companies who push their boundaries

    Advice to Management

    The decision making became like cement try to move beyond the damage


  9. things are getting worse

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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. Horrible moral

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Barclays

    Pros

    Not a sweatshop environment like a GS

    Cons

    Unmotivated team, no growth, talent attrition


  11. Muscial Chairs part 2.

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

    I have been working at Barclays

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

    Pros

    Benefits are ok. Will match on charity contribution.

    Cons

    Bit of a body shop. Has a tendency to burn thru people.

    Advice to Management

    Heavy on the Senior Management, need to sweep out the cobwebs.



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