Barclays Capital

  www.barcap.com
  www.barcap.com
There are newer employer reviews for Barclays Capital

 

IT is becoming a commodity

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

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

Pros

Salaries, at least for legacy people, are competitive

Cons

Barclays has chosen not to be "exceptional" but to strive to lowest common denominator
Many groups have STRONG Lehman bias if senior management is from Lehman
Discontinuation of Pension plan remove any reason to be "loyal" considering Barcap is not doing anything to differentiate it from it's peers as a "special" place to work
IT is becoming "commoditized". Push to "outsource" IT work, even that with specialized finance knowledge and front office roles, to India under euphemism "Location Strategy".
Crazy requirement of 1 month notice for AVP and below and THREE MONTHS for VPs and above. Company is VERY aggressive in enforcing this.
Also, theoretically, this notice should go both ways, severance pay for those laid off incorporate this 3 month pay so in reality, company has its cake and can eat it too regarding holding you by the short hairs.
Internal mobility highly touted, but is a joke. Unless you know somebody, you will not get a reassignment via "official" channels. In fact, hiring managers most often don't even respond to internal mobility requests.
Most people have not had salary increase in 4 years and decreasing bonuses.
Forces grading curve is not fair for smaller groups and favoritism in these group make it impossible for "good" performers to advance unless they are a "golden" boy/girl.

Advice to ManagementAdvice

You have become penny-wise and pound foolish. Wake up and look around. Policies encourage good people to leave and bad people to try and stay.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

802 Other Employee Reviews for Barclays Capital (View Most Recent)

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  1.  

    London office great, New York office not so great

    • 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 Capital full-time (more than 5 years)

    Pros

    The London office is full of outstanding professionals, creative thinkers who all adopt a collaborative approach to resolving clients needs. There is no concept of pushing sales through, the bottom line in the London office is to serve the needs of clients.

    Cons

    The New York office, needs a lot of work. There is a consistent battle of client coverage and hard sales. Many people are unhappy and the environment is cut throat.

    Advice to ManagementAdvice

    Listen to mid senior level and junior staff members - there are many things that are being done in London that could easily be replicated to an extent in the New York Office. The success of Barclays in previous years has been attributed to the brilliant people, the New York office need not adopt hierarchy and cut-throat-ism to succeed. Understand the reasoning for turnover - there are many clues in the exit interviews that provide solutions to issues.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Great place until Lehman bankruptcy purchase

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

    I worked at Barclays Capital full-time (more than 5 years)

    Pros

    Staff was great - smaller company resulted in closer relationships. People had lunch together or went out for drinks.

    Cons

    After Lehman bankruptcy purchase, staff was too large. Not as many personal relationships, especially after all the layoffs.

    Advice to ManagementAdvice

    Lehman purchase was a mistake. The company had a history of growing organically. It worked in the past and should have continued the tradition.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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