Barclays Wealth

  www.barclayswealth.com
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Barclays Wealth Reviews

Updated August 19, 2014
Updated August 19, 2014
114 Reviews

2.2
114 Reviews
Rating Trends

Recommend to a friend
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Peter Horrell
11 Ratings

Review Highlights

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

  • work life balance and training is good (in 4 reviews)


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

  • Heavy turnover of people because of good people throwing in the towel and getting the hell out (in 5 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Its ok

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

    Pros

    Decent benefits and work-life balance, hours are average.

    Cons

    Outdated technology, management is clueless, no room for growth, a lot of turnover.. a lot of layoffs and in result great talent has left. Salary average at best.

    Advice to ManagementAdvice

    You need to value your employees.

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

    Great work experience for an entry level hire.

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

    Pros

    Really talented, smart, ambitious employees contribute to a high functioning organization. Relatively flat hierarchy so plenty of access to senior leadership. Entrepreneurial environment makes for a place you can get experience contributing to a variety of projects.

    Cons

    You can invest 25 hours a day and bring your A+ game and it doesn't feel like enough to get the job done. Work never feels finished and leadership forgets to appreciate your work in any real form/fashion, monetarily or not.

    Advice to ManagementAdvice

    Give people some time off and be sincere about work life balance. Take the time to openly appreciate each and every one of your team members for a job well done. And mean it!

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    Insane organization

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

    Pros

    Health insurance is okay. Leadership is a joke. Personal growth depends entirely on who and how good your are at brown nosing.

    Cons

    The company culture is hypocritical and two-faced. Change is talked about but the reality is that the present culture here is too entrenched. Technology is mediocre. Employee retention is none existent. Senior Management run the place like personal fiefdoms. Branch Managers are not held accountable for unethical and policy breaking behavior. Cronyism is widespread. Employee reviews are an exercise in favoritism and have nothing to do with actual employee performance. New ethics rolled out last year after the LIBOR scandal are window dressing and nothing else. Most of current senior management were all hired by the crooks that were let go in the wake of the LIBOR scandal so the drama continues. The stuff that goes on here is tabloid material worthy.

    Advice to ManagementAdvice

    Change need to be implemented from the top down. Fire every single Managing Director in a management role (like yourselves) and start from scratch. If there ever was a case for burning a place down because of excessive rot and infestation and rebuilding from scratch, this is it.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Rule breaking and retaliatory corporate culture that starts at the top and trickles down throughout the firm.

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

    Pros

    There may be a few pros but these are not worth the hassle of working here.

    Cons

    It all starts at the top and trickles down. To work with senior managers, the rule is just do whatever it takes or asked of you even if it means violating ethics or rules. Refusal to go along with this culture will result in retaliation and dismissal. The primary objective at this firm is to close the deal and meet revenue targets no matter what rules have to be broken to achieve this. Management will terminate "problem" employees first and ask questions later. Bringing forward issues and not putting your ethics aside (which defines you as a "problem employee") especially if these impact senior managers or revenue will also lead to dismissal. My primary advice to colleagues is to never be the person to stand up and state obvious facts if these facts will negatively impact a senior manager or revenue. Human Resources is a waste of space and act as a rubber stamp for management. Same goes for Compliance which is subservient to production and deal making concerns. Producers or whoever bring in the bucks can violate the rules repeatedly and get slapped on the wrist if at all. Compliance and ethical rules are only enforced on out of favor employees. Out of favor employees get fired for made up reasons or the smallest infractions while producers, Senior Managers and favored employees get away with everything or at best get a mild written reprimand for the most egregious ethical or rule breaking offenses.

    Advice to ManagementAdvice

    Actions speak louder than words. All the talk about ethics and compliance is a farce and your continued actions continue to emphasize this fact. What other reason is there for this Firm or it's parent company being in the headlines all the time? Every single scandal and investigation can be traced to the toxic culture you have been promoting at this firm. Do everyone a favor and just resign or turn yourselves in. I am just incredulous that a firm as large as this can operate in this manner.

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

    Train wreck!!!

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

    Pros

    None - Really! That pretty much sums the pros of working here.

    Cons

    You could fill a book with what's wrong with this place. Incompetent management, nepotism and favoritism, shoot the messenger culture, excessive turnover, outdated systems, rock bottom morale, HR department that rubber stamps bad hires and unjust firings, completely subjective review process with no recourse, disciplinary actions which are completely subjective and where many people get away with the worst display of ethics while others get fired for trying to do the right thing or speaking up about issues. Every honest Barclays Wealth Americas employee could give numerous examples of any of these above described examples. The stories in the media don't do this Firm justice. In fact, things here are far worse than any outsider could even imagine.

    Advice to ManagementAdvice

    The Firm is circling the drain. Senior management talks about values and compliance but what use are these if senior management themselves does not care to abide by them? The compliance culture here is that "Compliance is an itch that needs to be scratched SOMETIMES". The concept of "Leading by Example" is foreign to senior management here. Cost cutting all over the place but then the Firm flies all Managing Directors to London annually. And they don't fly Economy Class either. Senior Management is more concerned with keeping their jobs and firing anyone that will even remotely pose a threat to their positions than make changes. This has lead to a culture of yes-men/women who cannot come up with the drastic changes needed to salvage this organization. The only constructive advice I have is to fire every single Managing Director and start from scratch. But I don't see any chance of that happening.

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

    What a mess!

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    I wish I had something positive to say about this bank. Unfortunately, I do not. It has been riddled with scandal after scandal and remains only a shell of its former self. As banks cycle through these sorts of problems on a fairly regular basis, I am sure Barclays will rise again but not for a good long while.

    Cons

    The recruitment was amazing! Barclays recruited me over the course of 11 months. It took that long to organization a package that I and my family could live with. Within 21 days of my coming onboard, the entire management that had recruited me so carefully had all been replaced. All promises made with no long in effect and I found myself scrambling. Horrible experience!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 3 people found this helpful  

    Management out of touch with reality

    Current Employee - Assistant Vice President  in  New York, NY
    Current Employee - Assistant Vice President in New York, NY

    Pros

    Good pay and benefits with flexible working hours. Working from home is always an option

    Cons

    There is no accountability for poor performance. Management lives in it's own little boys club patting themselves on the back preaching this "Go to bank" nonsense as vrevenues fall and clients run out the door. The amount of self righteous notifications to their employees on how the Transform plan is working out is sickening as they continue to miss revenue estimates.

    Advice to ManagementAdvice

    turn yourselves in a let them pick redo the whole executive management.

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

    Rogue bank with law breaking, whistleblower breaking culture

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

    Pros

    Decent offices, good third party managers, weak control and non existent compliance

    Cons

    Constant law, rule and reg. breaking, finra and sec violations daily is usa. Retaliation from management if you complain about it. Policies that screw clients of best returns and deliver false performance reports to clients

    Advice to ManagementAdvice

    Terminate all lehman era management and boiler room managers

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 3 people found this helpful  

    Senior Analyst, FICC GLOBAL OPERATIONS

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

    Pros

    Over-Time plus Time and a Half

    Cons

    1. Long hours - It is a prison for work and you will not be recognized for your hard work and successes. Working in global operations, a regular day could begin at 7/7:30 AM and ended around 7 PM/8 PM - 11 PM or 12 PM some nights. Only stepped outside for 15 mins to grab lunch and ate at my desk. This was a typical day.

    2. Poorly managed organization - Management is narrow-minded, hypocritical, and narcissistic - apres Lehman days. Your mistakes will be magnified under a telescope and you will be constantly pushed to do more.

    3. Professionalism and social respect is obsolete. - Barclays is not an institution upholding integrity and respect. It does not encourage sharing knowledge and learning from each other. Management sets the standard and have the only prerogative to come in, get the job done, and leave. Senior leads and management buddy up and turn their heads in bias. Do not bother questioning if what you do is right or wrong, management will not listen. People actually had the audacity to yell at each other on the floor. This was appualing.

    4. Technology is Legacy - Difficult to use and puts the bank at major potential risk. All at operational cost. Bank is stuck on old ways (technology) and so it seems to be that management is stuck on old perspectives as well.

    5. HR does nothing to your concern.

    I WAS RELIEVED TO LEAVE. Working for Barclays was THE WORST YEAR OF MY LIFE. I have worked 3 years at an equally top-teir investment bank prior to this position, and now at a another, and my experiences are a great contrast to Barclays.

    Advice to ManagementAdvice

    You can learn from those who work for you. You are only as strong as your weakest link.
    Really get to understand the people who work for you. That is the only way to be successful.

    Encourage a positive and professional team culture, even in the worst of times.
    Encourage a learning atmosphere.
    Do not play favorites. You just make yourself look like a bad manager.

    Listen to your subordinates. There's no such thing as a "dumb question".

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Great experience

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

    Pros

    I enjoy my time here.

    Cons

    Not sure what was my next step

    Advice to ManagementAdvice

    Show support

    Recommends
    Positive Outlook
    Approves of CEO

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