Barclays Wealth

www.barclayswealth.com
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Barclays Wealth Reviews in London, UK

Updated February 25, 2015
Updated February 25, 2015
48 Reviews
2.3
48 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Peter Horrell
48 Ratings

Review Highlights

Pros
  • Decent benefits and work-life balance, hours are average (in 6 reviews)

  • Good benefits was the only good thing in this place (in 8 reviews)


Cons
  • Senior Management run the place like personal fiefdoms (in 10 reviews)

  • Poor pay, work life balance, some areas are concerned about perception than what you deliver (in 5 reviews)

More Highlights

48 Employee Reviews Back to all Reviews

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  1. 1 person found this helpful  

    One of the most dysfunctional companies I have seen.

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

    I worked at Barclays Wealth

    Pros

    Decent perks, holidays, environment. Barclays does hire some excellent people although retention is an issue. They invest quite heavily in innovation. Pay is competitive.

    Cons

    Infighting between silos. Poor transparency into opportunities - definitely a "who you know" place, not what. People are not treated with respect and the customer is an afterthought. Misogynistic behaviours by senior male leaders make this a poor place for senior women. The way to survive at Barclays is to keep your head down and try not to call attention to yourself.

    Advice to ManagementAdvice

    A great deal of time and commitment went into the development of company values so start demonstrating that they really do matter. Do not tolerate behaviours outside of the values - a reminder of what they are: Respect, Integrity, Service, Excellence and Stewardship...start living them.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Good Place to Start

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

    I have been working at Barclays Wealth

    Pros

    Strong brand looks good on the CV

    Cons

    backwards leadership and a rewards platform that was insulting at best.
    career progression is a myth

    Advice to ManagementAdvice

    changes to regularly for any manager to actually affect change within the business

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

    Private Banker

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

    I have been working at Barclays Wealth

    Pros

    Not many actually, the brand outside of the company is still strong which is odd as staff hate the place

    Cons

    All British banks are bad but the technology is so poor, not one new portal worked well or was improved, zero accountability.The middle management do not listen, every suggestion is seen as criticism which is very odd, hiring and firing is constant this shows you their lack of direction. General standard of bankers is poor, very focused on credit and banking not on investments it's like they are pretending to be a PB. AUM is tiny, for a bank 300 years old this shows you the mistakes that must have been made. I cannot stress how bad the middle management is and how protective they are of themselves with zero ability to change. They are a retail bank not a private bank, huge difference

    Advice to ManagementAdvice

    Pull out of private banking especially advisor business and focus purely on lending and retails

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Too many radical changes

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

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

    Pros

    - People are generally very nice which is the best part of the organisation
    - Reputation in UK and other markets is generally very good.
    - Multiple platforms for various asset classes

    Cons

    - No progression opportunities. You will end up being stuck there due to the inverted pyramid strategy of management.
    - Radical changes mean that there is no set way of business and this can be harmful to retaining clients and progression.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Promised everything, delivered nothing.

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

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

    Pros

    Some reasonable intelligent people work there.

    Cons

    These people are demotivated by the atmosphere and culture.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 3 people found this helpful  

    Good staff but very poor senior leadership

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

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

    Pros

    Most people have a positive attitude and want to do the right thing.

    Cons

    The management all pull in separate directions with the senior leadership team usually resigning within 9 months of starting the job. The bonuses for people vary hugely who are doing the same job performing as well as each other. No career opportunities for a long time due to re-org.

    Advice to ManagementAdvice

    Give good staff the career opportunities they deserve and pay comparable and competitive bonuses.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8.  

    Overall great people in the main, naff system and well intentioned senior managemet team

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

    I have been working at Barclays Wealth full-time (more than 10 years)

    Pros

    Most staff are hardworking and friendly. Great values and strategy is clear.

    Cons

    Poor pay, work life balance, some areas are concerned about perception than what you deliver.

    Advice to ManagementAdvice

    Continue embeding purpose and values to middle office and front office staff to put clients above process and protecting self interest

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9. 3 people found this helpful  

    If I see just one more email entitled "Changes to Leadership team..."

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

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

    Pros

    The name is still good on the CV, apparently. For reasons that escape me. There is a healthy work-life balance, shown in spades by the fact that even the MDs have started leaving at 3pm on a Friday afternoon now. If they don't care, the rest of us certainly shouldn't.

    A BIG pro is that there is no downside to doing a bad job! No, really. None whatsoever. People are never fired from Barclays Wealth if they're not pulling their weight. They're tolerated for years on end until they get paid off with a fat redundancy cheque whilst those of us STUPID enough to hang around and do some work get paid a bonus which is less that these lazy people got paid on a tax-free basis for being laid off.

    Cons

    The best reasons would be to witness - first hand - what a chicken does after the head has been cut off. Of course, not all chickens are born into this world equal. Barclays Management chickens, however, are given bottomless pits of money to buy in expensive management consultants who will go out and interview the staff and then repackage their own employee's advice as their own. And then set a new "Strategy". Yay! New strategy!

    Expect that - and this is the brilliant bit - none of the Senior Leaders want to taste their own cooking. We have lost three very senior people in the space of a month. The Financial Times noted this, as did everyone else. Every couple of weeks, we get another banal email from the "Leadership" team about the latest changes to team structure, reporting lines, brand of tea.....

    My simply advice would be - STOP WITH THE COMMS AND START DELIVERING SOME ACTUAL STRATEGY.

    This is a uniquely "Wealth" Problem. No other part of Barclays is this sick, unmotivated or leaderless. Staff are leaving in droves. People are bored stupid. There's no career progression within Wealth, and why would you want to stay anyway? They haven't a clue what they want the business to be, look or smell like in a year. It's dull. Really, really dull.

    Advice to ManagementAdvice

    Rarely have I even seen such levels of disdain for staff, leaderless management, snivelling and childish politicking or inability to form a business plan that you will stick to you for more than six months. The MDs in Wealth are world experts at being passive-aggressive bullies. Short of getting their Members out during a meeting and measuring them up, the men are at peak alpha-male behaviour levels.

    Grow up. You're in the wrong industry, clearly. You are wanting to manage your career-risk over everything else and will never accept advice from your own staff further down the food-chain.

    Finally - you should release the results of the Staff Survey to the business. You know, the ones that showed that Wealth was the very, very lowest business unit in the whole of the Bank(!) on staff satisfaction and confidence in management. The survey that is normally published each year?

    But was't last year, as it was THAT bad. Come on. 'Fess up.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 5 people found this helpful  

    Moving target. Every year new management and new plan.

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

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

    Pros

    work life balance and training is good

    Cons

    no carrer development, no success culture

    Advice to ManagementAdvice

    Sort out execution, develop a plan and stick to it for 2 years

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11.  

    Good potential for progression

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

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

    Pros

    Clarity and focus. Good career growth with internal movement options

    Cons

    Organisational challenges, politics and burocracy much like any large corporate.

    Advice to ManagementAdvice

    Work life balance

    Recommends
    Negative Outlook
    Approves of CEO

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