Lloyds Banking Group Reviews

Updated July 30, 2015
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3.1
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Lloyds Banking Group CEO António Horta-Osório
António Horta-Osório
60 Ratings

Pros
  • Good work-life balance in most part of the org (in 43 reviews)

  • Business facing teams are good people , wanting to make a difference (in 13 reviews)

Cons
  • Therefore work life balance is terrible for any half competent finance colleague (in 10 reviews)

  • senior management often out of touch and set unrealistic targets (in 13 reviews)

More Pros and Cons

135 Employee Reviews

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  1. National Payroll Manager

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

    I worked at Lloyds Banking Group (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent global company. Great image.

    Cons

    Way too far away from home.

    Advice to Management

    Listen to your employees, they have good ideas.


  2. Sal Review

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

    I have been working at Lloyds Banking Group

    Pros

    There was a corporate culture and clearly defined structure to the teams and divisions within the bank giving everybody clear ideas of their roles and responsibilities.

    Cons

    This structure was subject to rapid change and difficult to keep pace with. It also created lots of bureaucracy and red tape

    Advice to Management

    Strip away the red tape which can be counter productive - not every employee needs or wants to be micro-managed.


  3. Good place

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

    I worked at Lloyds Banking Group (Less than a year)

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

    Pros

    Friendly environment, hard work is recognised, little politics,.

    Cons

    Some legacy staff have not updated their banking knowlge. Old offices, seems like there is no welfare consideration for staff.

    Advice to Management

    Stop wasting money on big 4 consultants who cannot provide solutions.


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  5. Banking Advisor

    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at Lloyds Banking Group

    Pros

    Joined as intern four years ago....A very good Work Life Balance and There's a great support system and progression opportunities.

    Cons

    Complicated Senior/Middle Management and not a very social workplace and the workload can be heavy, but not unreasonable

    Advice to Management

    Hasten change delivery process


  6. Retirement Hub Consultant

    Former Employee - Time-served Fabricator/Welder Physical Fitness in London, England (UK)
    Former Employee - Time-served Fabricator/Welder Physical Fitness in London, England (UK)

    I worked at Lloyds Banking Group (Less than a year)

    Pros

    Learned new skills updated CV with IT skills

    Cons

    very bad training program with " Team Leaders " who didnt know anything

    Advice to Management

    Spend more money on trainig aids


  7. Tough but good

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

    I worked at Lloyds Banking Group full-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Joined as a graduate project manager. There's a great support system and progression opportunities.

    Cons

    It's not a very social workplace and the workload can be heavy, but not unreasonable.

    Advice to Management

    Provide more applicable and relevant training to prepare entry level employees.


  8. Risk Analyst Review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Global Non-Core Credit Risk Industrial Placement in London, England (UK)
    Former Employee - Global Non-Core Credit Risk Industrial Placement in London, England (UK)

    I worked at Lloyds Banking Group (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work environment with a friendly atmosphere.

    Cons

    Limited growth opportunity with regards to progression.

    Advice to Management

    Invest in better infrastructure!


  9. Helpful (1)

    Very competent colleagues but not many opportunities.

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

    I have been working at Lloyds Banking Group full-time (More than 3 years)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Great atmosphere, experienced colleagues and accessible management. Being a relatively small trading bank it gets you the opportunity to get visible very soon.

    Cons

    Too much red-tape, everything takes too long, specially if you come from any other competitor. It's vey unclear career progression plan and below-the-market compensations. The amount of responsibility you can get, it's not reimbursed.

    Advice to Management

    Digitalise all necessary controls, cut off all the unnecessary ones.


  10. Security Analyst

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

    I have been working at Lloyds Banking Group full-time (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Flexible work, good benefits, working from home, good salary, pace environment

    Cons

    Deskless (not enough desk for everyone, so need to take a free desk each morning). Very conservative (introducing changes (technology) is a very long long process)


  11. A fast paced with much to learn

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

    I have been working at Lloyds Banking Group

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Friendly environment with a strong focus on improving customer satisfaction. Flexible working with option to work from home on occasion.

    Cons

    Intense and tough screening/vetting process to get through after offer was made. Long teleconference meetings that overlap mean you have to become a multitasking genius to get all the tasks done at the same time. Hard to get even basic information and training to get simple tasks done. Left to your own devices to learn everything on the job.

    Advice to Management

    Structure the learning process for old and new staff (Inc contractors) to get the best out of everyone. It's a big establishment with a lot to learn so empower everyone with more knowledge in order to do well.



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