There are newer employer reviews for Barclays

Excellent

Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Barclays

Pros

A good company to work in, very encouraging atmosphere , fair compensation and many performance based bonuses. Would definitively vouch for the company.

Cons

Work load is overwhelming at times but again you can't expect everything to be rosy.

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  1. Chaotic and poorly managed

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

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

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

    Pros

    The salary/bonus was pretty good, although not exactly stand-out from companies outside the financial sector.

    My immediate colleagues in the team were a pleasure to work with.

    Cons

    Senior management are pretty much wholly disengaged from the staff who actually do the work, which leads to very poor choices when it comes to systems, processes and restructures. Few such developments had a positive impact on an individual or team basis, as they were imposed from above with little to know dialogue or engagement beforehand.

    Communication was generally really bad. It tended to improve for a short while after this was highlighted, but then returned to what it was like before.

    Key things such as external training in new skills, which were vaunted in the interview, failed to materialise (budget constraints were often cited, despite the bank making billions in profit each quarter). Instead, what was offered was the absolute bare minimum – largely focussed around 'internal training'. This boiled down to overworked staff being leaned on to share their skills with others. Hardly ideal.

    Resourcing and hiring were very problematic – the demands being placed upon the team were increasing significantly, and group-wide headcount freezes meant that no new additional permanent staff could be hired. Instead, they ended up spending significantly more on short-term contractors to bridge the gap.

    Even for a bank, the amount of bureaucracy and time involved to progress things was staggering.

    There was a general obsession with regard to which 'grade' you are – the extent of this is something I've only ever encountered at Barclays. These are, rather obliquely, B5, B6, B7 and SX (senior exec). You quickly get to know your place.

    Restructures within the wider business happened with surprising regularity – almost as if the senior execs need to justify their existence. Often, they had little very impact. We just shifted from being under one overarching division to another.

    Advice to Management

    Engage with your staff, first and foremost. Significant increases in resourcing and attention to staff welfare would be required if you want to stem the haemorrhaging of dedicated and capable employees.

  2. Helpful (2)

    Dump

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

    I have been working at Barclays full-time

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

    Pros

    Brand Name
    Bulge Bracket
    Reasonable Pay
    Fancy Offices

    Cons

    Crap
    Sucky Culture
    Senior Management is going into bull pucky mode

    Advice to Management

    You are on the right path to collapsing . . . .good work!

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