Lloyds TSB

  www.lloydsbankinggroup.com
  www.lloydsbankinggroup.com

Lloyds TSB Reviews

Updated September 30, 2014
Updated September 30, 2014
56 Reviews
3.7
56 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Lloyds TSB Group Chief Executive António Horta-Osório
António Horta-Osório
13 Ratings

Review Highlights

Pros
  • I believe there are many benefits to the role, such as work/life balance is very good (in 12 reviews)

  • Good friendly relaxed work environment (in 4 reviews)


Cons
  • Senior Management aren't visible and they do not live the values or beliefs (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    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 TSB 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
  2.  

    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 TSB 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
  3.  

    Dissapointing

    • 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 TSB full-time (more than an year)

    Pros

    Sharp talented team, certifications and trainings fully paid

    Cons

    Lots of re-organizations, morale is very low.

    Advice to ManagementAdvice

    Value employees feedback more and allow US employees to be in Senior Management positions.

    Doesn't Recommend
    Neutral Outlook
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  5.  

    Good place to learn

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

    I worked at Lloyds TSB as an intern

    Pros

    Lloyds has a fantastic environment filled with great people.

    Cons

    None really, the company is growing rapidly.

    Recommends
    Positive Outlook
  6.  

    God place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President Governance and Compliance in New York, NY
    Former Employee - Vice President Governance and Compliance in New York, NY

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

    Pros

    Competitive pay, benefits, 401k program

    Cons

    lack of investment in the business

    Recommends
    Neutral Outlook
  7.  

    Manage small accounts, assist RM in big accounts. Pretty much to the dirty work for the assigned RM.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Banking Officer in Miami, FL
    Current Employee - Banking Officer in Miami, FL

    I have been working at Lloyds TSB

    Pros

    Young energetic crowd mainly. Flexible with time off.

    Cons

    RM against RM all thinking they are IT.
    Front Office turnover, to much.
    Upper Management is always changing the rules.

    Advice to ManagementAdvice

    Set the rules and stick to them, at least for more than a month!

    No opinion of CEO
  8.  

    Merger limbo.

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

    I have been working at Lloyds TSB

    Pros

    Up to 5 Weeks vacation.
    Excellent health benefits.
    Excellent work life balance - normal business hours.
    Despite merger, no layoffs in north america...yet.

    Cons

    No cash bonus 2008.
    Company has been in a state of limbo for the past 9 months post merger.
    No new business during past 12 months.
    No clear message on what the business plan is going forward.
    Employee morale is low.

    Advice to ManagementAdvice

    1. Figure out what specifically you want the business to do to generate profits.
    2. Bring everyone together in one location to tell them the plan.

    Doesn't Recommend
    No opinion of CEO
  9.  

    Great company to wok for

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in London, England (UK)
    Former Employee - Financial Advisor in London, England (UK)

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

    Pros

    Great financial perks if you work hard

    Cons

    Horrendous hours. You get out what you put in. A lot of office politics. Every man for himself mentality. Such is banking so get over it.

    Advice to ManagementAdvice

    Get rid of lazy workers for a more efficient workforce.

    Recommends
    Approves of CEO
  10. 1 person found this helpful  

    Drama queens

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

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

    Pros

    It was a bank - good for CV. IT team great

    Cons

    Mangement, director and treatment of staff

    Advice to ManagementAdvice

    Go do one

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Like all banks it's all about sales

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

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

    Pros

    Starting at the bottoms there can be lots of promotion opportunities. If you love selling, then retail banking can be a great place to work

    Cons

    Limited progression once in management. We talk about service but are managed to sales.

    Advice to ManagementAdvice

    There's lots of talk about service and what customers need. But it is still all about the sales. Can we build a bank that is once again trusted by the public, a bank where customers are not suspicious about us as they feel we keep trying to sell them something?

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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