Lloyds Banking Group

www.lloydsbankinggroup.com
Employer Engaged

Lloyds Banking Group Reviews

Updated February 25, 2015
Updated February 25, 2015
306 Reviews
2.9
306 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lloyds Banking Group CEO António Horta-Osório
António Horta-Osório
121 Ratings

Review Highlights

Pros
  • Work Life Balance and opportunity to change jobs/roles inside the organisation (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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    It's ok

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

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

    Pros

    No micromanaging
    Office located in the heart of midtown
    The people are very friendly

    Cons

    Office located in the heart of midtown
    The bonus and pay isn't that great
    Typical foreign company located in NY that seems to lack the appetite of a true NYC company

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

    Look Somewhere Else!!!

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

    I have been working at Lloyds Banking Group

    Pros

    Most departments work 9 to 5 and do not work weekends.

    Cons

    You will never get a real raise or a real bonus and you most likely never get promoted. The pay is way under market. The HR department is HORRIBLE (Payroll is wrong; Health benefits keep getting worse; and most of them are very rude). I have even heard the CFO state “I you don’t like, go work somewhere else”. That just tells how bad the leadership is in North America. It can be a hostile work environment and the senior staff does not realize it, either because they do not care or the people acting hostile only act this way to lower level staff or fawn over staff that is a higher level than them.

    Advice to ManagementAdvice

    Learn to lead... If you do not know how to develop and mentor people you shouldn’t be leading them. Learn how bad a turnover rate impacts your industry.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    -

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

    I have been working at Lloyds Banking Group full-time (more than 5 years)

    Pros

    Very professional bank. I do not know a bank who do Risk Mgt better than they.

    Cons

    Too much matrix responsibilities creates lack of clarity and accountability

    Recommends
    Positive Outlook
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    Horrible culture, lack of opportunities for US employees, very low pay

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

    I worked at Lloyds Banking Group full-time (more than 10 years)

    Pros

    Original team was great to work with but most have left. Now the NY office basically has a revolving door, new hires don't last very long, most don't even make it a year.

    Cons

    Management only cares about what opportunities they can get in the UK, will not support or protect their own employees in NY. They will bully, lie, and deceive their staff if it benefits their standing. Pay is extremely low compared to other NY banks. Several reports of discrimination have been reported, most often discrimination due to nationality/ESL. Main person charged with discrimination always manages to walk away from accusations.

    Advice to ManagementAdvice

    Clear out the current management and get a US based management team, a team that will stay on for longer than two years. Management needs to be comprised of people that care about the NY office, not people that use the NY office as a stepping stone to a bigger role in the UK.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Trainee

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

    I have been working at Lloyds Banking Group as an intern (more than a year)

    Pros

    Good environment , friendly and supportive staff. Lots of career opportunities and rotation gives you hands on experience on different businesses

    Cons

    Very conservative and lags behind in adopting new technologies. Too much bureaucracy when you need some minor things to get done.

    Approves of CEO
  7.  

    Awful employer.

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

    I have been working at Lloyds Banking Group

    Pros

    Reasonable benefits, as company is so large. Share save.

    Cons

    Huge bullying culture exists within the company.

    Advice to ManagementAdvice

    Stop the bullying

  8.  

    HR Analyst

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

    I worked at Lloyds Banking Group as a contractor (more than a year)

    Pros

    Friendly culture and management is easy to approach.
    New york office is small so you get exposure to many areas of business.

    Cons

    Compensation is average and compared to its peers terrible.
    NYC office trying to be what they can't be without home office (London) help. NYC is merely a transactional arm of their European business.
    A lot of turnover from good people leaving.
    Layoffs are handle poorly.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    Do not be fooled! Stay away from this Company!!!!

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

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

    Pros

    Convenient location in Mid-town Manhattan

    Cons

    Pay (declining bonus pool 3 years in a row), management (focused entirely on how how to land better job when US job ends), expat culture, unrealistic expectations (MD's expect people to pull all nighters when most analysts get paid well below market), general sense of disrespect for US employees.

    Advice to ManagementAdvice

    Stop focusing on trying to get a bigger job back in the UK and actually do what you have been asked to do - lead.

    Doesn't Recommend
    Neutral Outlook
  10.  

    Nice company culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Pricing Analyst in Bristol, CT
    Former Employee - Pricing Analyst in Bristol, CT

    I worked at Lloyds Banking Group full-time (more than 3 years)

    Pros

    Good work/life balance
    Great people
    great opportunity to move around the company

    Cons

    constantly changing leadership
    lengthy approvals for projects

    Advice to ManagementAdvice

    focus more on empowering your people, micromanagement is not the way forward

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Lack of opportunities and flexibility

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Collector in Cardiff by the Sea, CA
    Former Employee - Collector in Cardiff by the Sea, CA

    I worked at Lloyds Banking Group full-time (more than 3 years)

    Pros

    Good location in the centre of town just behind cardiff central station, nice modern office with good facilities (gym, coffee shop etc.) friendly staff

    Cons

    Wages below market average, lack of opportunities, promotions based on length of service and who you know rather than level of skills. Due to size of company and number of levels of management it seemed difficult to make any real change

    Advice to ManagementAdvice

    Delegate more, remove layers and give more power to middle management to influence positive change

    Doesn't Recommend
    Neutral Outlook

Lloyds Banking Group Photos

Work at Lloyds Banking Group? Share Your Experiences

Lloyds Banking Group

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.