Lloyds Banking Group

  www.lloydsbankinggroup.com
  www.lloydsbankinggroup.com

Lloyds Banking Group Reviews

Updated December 22, 2014
Updated December 22, 2014
276 Reviews
3.1
276 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lloyds Banking Group CEO António Horta-Osório
António Horta-Osório
105 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.  

    -

    • 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
  2.  

    Trainee

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

    I have been working at Lloyds Banking Group as an intern (more than an 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
  3. 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
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  5.  

    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

  6. 2 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
  7.  

    HR Analyst

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

    I worked at Lloyds Banking Group as a contractor (more than an 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
  8.  

    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
  9.  

    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
  10.  

    Intern

    • 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 as an intern (less than an year)

    Pros

    Great learning environment for internship.

    Cons

    Very few full-time opportunities available after internship.

    Recommends
    Neutral Outlook
  11. 2 people found this helpful  

    Very conservative, very limited international appetite

    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Lloyds Banking Group full-time (more than 5 years)

    Pros

    Great team. Big expat culture. Socially a fun place to work.

    Cons

    Limited career opportunities. Senior positions always filled externally vs within.

    Advice to ManagementAdvice

    Listen to your employees that are in the field vs management

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