Lloyds Banking Group

www.lloydsbankinggroup.com
Employer Engaged

Lloyds Banking Group Reviews

Updated March 6, 2015
Updated March 6, 2015
309 Reviews
3.1
309 Reviews
Rating Trends

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Lloyds Banking Group CEO António Horta-Osório
António Horta-Osório
123 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.  

    Mostly a genuinely great place to work

    • 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

    Friendly, supportive, lots of change if you're up for it.

    Cons

    Can feel old fashioned and slow to change.

    Advice to ManagementAdvice

    Behaviours of the senior execs - delivery still valued over behaviours in many areas.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good

    • 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

    Excellent package, good people, many locations

    Cons

    Old fashioned, slow to change,

    Recommends
    Positive Outlook
  3.  

    Good place to work - focus on promoting women to ensure 40% senior workforce is female led by 2020

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

    I have been working at Lloyds Banking Group

    Pros

    Lots of flexible working opportunities. Real commitment to corporate & social responsibility. ( I know they're a bank but trust me, culture around this is surprisingly strong)

    Cons

    Difficult to progress from senior manager to head of dept.
    London centric in operations & decision making
    Not as dynamic as say Barclays - not a market leader for innovation

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Really forward thinking business where you and the role you do can genuinely make a difference...

    • 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 8 years)

    Pros

    Vastly different business from 5 years ago - I have found them as an employee to be much more focused on acting responsibly and ensuring that the customer and the community is central to every aspect of what the group does. This is why their purpose is Helping Britain Prosper and made public committments to achieve this.

    Also lots of career opportunities (if you want it) and investment in digital learning. Also I don't think you'll find another private sector business that offers as much flexibility and encourages such inclusivity as Lloyds. My overall impression is that they are really trying to build an engaged, motivated, diverse and innovate culture.

    As such, I have no plans in leaving any time soon!!

    Cons

    The only downside is, given the scale of the Group, that it can take a while for change to really happen.

    Advice to ManagementAdvice

    Overall, more of the same please!! Only suggested improvement is to remove some of the layers of control (not with standing the need for governance and control in a bank!) to give more autonomy to staff to ensure change can happen quickly.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Insurance Internship

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

    I worked at Lloyds Banking Group

    Pros

    - Great path to obtain a graduate scheme should you want one
    - Charity challenge
    - Friendly work environment
    - Opportunities to gain experience in many departments provided you drive your development and seek your opportunities

    Cons

    - Not really any cons experienced

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Excellent training and opportunity to learn and I enjoy working here

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

    I have been working at Lloyds Banking Group part-time (less than a year)

    Pros

    Team work is enjoyable and I find the place a good work environment and I feel I can ask questions

    Cons

    Keeping up to date with new developments

    Advice to ManagementAdvice

    Just to say well done to us when you feel we have given that extra service

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Challenging but rewarding

    • 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

    If you are looking for opportunities to make a difference and make your mark LBG is a great place to do it. Yes; we're on a journey and things aren't perfect but the appetite/sponsorship from Senior Managers upwards to improve/simplify shows that we'll get there

    Cons

    Complex/bureaucratic nature of the business but if you take this as part of the role then you can rise above this

    Advice to ManagementAdvice

    Keep sponsoring the change/simplified working practices

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    -

    • 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
  10.  

    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
  11. 2 people found this helpful  

    Great place to work

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

    I have been working at Lloyds Banking Group full-time (more than 10 years)

    Pros

    I'm given a huge amount of freedom to work in the way that I want to, my opinions are trusted, my suggestions acted upon, and my job feels more like a hobby than a chore.

    Cons

    People who are inept at their jobs never leave, they just move from team to team, intermittently dragging down the average IQ until they inevitably take part in the next round of musical chairs. This just takes up space that could be used to employ talented people instead.

    Advice to ManagementAdvice

    Stop paying more for average contractors than you do for talented permanent staff, and review the policy of shuffling the deck rather than actually dealing with underperformance.

    Recommends
    Positive Outlook
    Approves of CEO

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