London Stock Exchange

www.londonstockexchange.com
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London Stock Exchange Reviews

Updated June 15, 2015
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2.3
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Xavier Rolet
9 Ratings

18 Employee Reviews

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  1. Salary

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at London Stock Exchange full-time

    Pros

    Good people and offices, nothing else to say

    Cons

    Bad salary. No flexible hours.


  2. Helpful (2)

    Great name, mediocre work environment

    • 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 London Stock Exchange full-time (More than 3 years)

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

    Pros

    Great people and location. A great way to learn the financial industry and build contacts both internal and external.

    Cons

    Overloaded with work and not rewarded both through the salary/bonus even when a good job is done.

    Advice to Management

    Rather than hiring new staff to manage look to the staff who have already proven themselves. Reward and respect the staff and their motivation will more than double.


  3. Helpful (2)

    Slow moving company with no career upside

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

    I worked at London Stock Exchange full-time (More than a year)

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

    Pros

    - You can say you have worked in the financial industry without having killed yourself for working a lot of hours like in the rest of the financial industry.
    - The offices are located in the city which is not a bad place to be
    - The canteen is cheap and serves good food

    Cons

    The company is managed poorly. The reason is simple: this is a place for politicians, not for business men. The whole brand is based on pure fluff and marketing and the business runs on the hard work of few people who are greatly unsatisfied but have been there too long to be able to find another job (how many market places have you spotted in London in comparison to the number of banks...?). The business is still enjoying the aspects of the monopoly it has run for many years: no competition in primary markets and other IPO venues in London make the job easy for this company; the same applies to its secondary markets. All the rest is the result of intense lobbying with politicians and other governments. Once there I met many young professionals who tried in many ways to emerge but despite the efforts they never did. Management does not consider hard work, the only important thing for them is to maximize their salaries and delegate most of the responsibilities to the young people without rewarding them. As a mater of fact in the couple of years I have spent there I have testified many young colleagues leaving, afraid of crystallizing their career in the wrong place. Salaries are very low compared to the rest of the industry. The company manages a graduate programme which is used mainly to source cheap labour notwithstanding the profile of some really good talent. A common mistake is to think that at least you would learn how markets work: this is very wrong too as the banks are the ones trading in the market, while the exchange is simply offering the basic technology to do it.
    The HR is poorly prepared to manage resources, there is barely any training and budgets are low in all departments. Apparently the company has cut everything there was to cut in the past years and the morale is pretty low.

    Advice to Management

    - Hire skilled people: 70-80% of the workforce are worthless, with no preparation whatsoever. How can these people run a business?
    - you get what you pay for: distribute salaries and bonuses in a fair way and you wouldn't need to create the illusion of an attractive place to work at with pointless marketing


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  5. Good company to gain experience of capital markets

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

    I worked at London Stock Exchange

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good for gaining a wide range of experience

    Cons

    Poor management not being tackled by HR


  6. Helpful (3)

    Margaritas ante porcos

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

    I have been working at London Stock Exchange

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

    Pros

    Its in the heart of the city and currently has an aggressive expansionist policy. Given the right temprement you could gain some valuable experience.

    There are a few work colleagues that make the experience of work a joy. However it might take some time to cojole it out of the many institutionalised staff.

    Depending on your work ethic you might be able to gain a good work life balance. However there is no clear relationship between your work and the credit or the renumaration you get.

    Cons

    There are some very immature and lazy managers who have either too much ego, are too frightened of change or just are going through the motions so do not help you in your personal development. It seems that the motto of the Exchange is something that managers are not very familiar with.

    The organisation has a inkling to get graduates or to get short term contractors. The former gain valuable experience but are used quite hard while the latter benefit from some exceptional renumaration.

    An aggressive expansionist policy means that you will not get the time to develop a sense of comfort and familiarity in your work. Managers do not try to understand or build healthy working relationships but see you as a tool to accomplish their personal objectives.

    No personal development plan and a very weak appraisal by most managers means that you are not going to develop. My advice is to learn more by yourself and form good working relationships with the numerous departments. Maybe you might be able to instill a healthier cooperative culture to the organisation.

    It is an institution and some of the skills are not very transferable to Banks or funds. Think closely of what you are learning and do some research whether other city firms will value these skills. The managers here just want to keep the machine running, not to develop something better or help people.

    There is no departmental training plans or good procesures. People are relied on to retain knowledge. The general sense was that managers did not want to know of problems and as such tolerate ineffective and lazy staff but should you question policy they will go out of their way to ignore you.

    Your work could be pearls amongst and swine... There is no appreciation so best to learn fast and move on.

    Advice to Management

    When staff are leaving then there is a sure sign of an issue. Take note of the manager and find out whether they are the right person for the group.

    People are not machines. Respect them and work with them to improve the quality of the work environment.

    You cannot create a great work culture by bombarding people with slogans. Just look at North Korea.


  7. Helpful (5)

    Image and reality very different

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

    I have been working at London Stock Exchange full-time

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

    Pros

    Brand name.
    Growing business.
    Location - lots to escape to at lunch time

    Cons

    Staff motivation - zero due to lack of ability & training. Also endemic senior management style of micro managerment, blame culture and taking credit for other employees' ideas.
    Lack of professionalism - best in class practices or new ideas are treated as though you are threatening the existing staff so you are attacked (in that subtle way of asking questions or making you responsible for tasks when you have had no hand over or background information). Long term staff are not good at accepting change - still a small company mindset
    New joiners get little / no support from existing management - on boarding new staff is kept to a disgraceful minimum - lucky to get 2 hours' handover even though you have gone through the 2 interviews and the 3 tests (behavioural, numeracy, verbal reasoning) you are some how expected to be psychic as to where things are located or the history of the business
    Lack of documentation - again, another trap for new joiners. Basic documents on processes are missing so expect to start from scratch on most things. People purposelly omit to pass on information that's in their heads. And the reason nothing is written down? So the incumbents can appear/feel smarter than you newbies.
    Staff titles - misleading staff titles. People are given titles without the experience, skill set or qualifications you would expect in the open market - hence the poor quality of work and motivation throughout.

    Advice to Management

    Consider who the people in your management team are causing the cultural dysfuncionality.
    Consider getting true exit interviews from people leaving. Good people are not sticking around because it's bad for their skill sets. Long term staff members do not have enough experience/skills and suck the new talent dry whilst claiming their ideas as their own.
    Consider what your long term goal is. Do you just want long term people who have no drive? Or do you genuinely want a centre of excellence? If it is the latter, suggest people re-apply for the roles and have a thrid party interview the people based on benchmarking for those roles.


  8. Going places

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

    I worked at London Stock Exchange full-time (More than a year)

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

    Pros

    Good people, good strategic leadership and vision for where the company is going.

    Cons

    Growing very fast, and integrating a lot of different groups is a challenge


  9. Helpful (5)

    the worst company I have worked for by far

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

    I worked at London Stock Exchange

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    location is handy. Some very nice people. strong brand. potential to do interesting work if you are lucky. Effective fire-fightiong by some middle and line managers.

    Cons

    Incompetent, bullying senior leadership that condones bullying managers. The group is being mis-managed in many areas, starting at the top. leaking talent regularly. completely reactive. lack of respect for employees. No sense of what the right things to focus on are, so working on far too many projects with less and less resources without any reference to the reality on the ground. Lots of anger and frustration in many teams. Command and control culture with no empowerment for staff.


  10. Helpful (4)

    Dissapointing experience

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

    I have been working at London Stock Exchange full-time (More than a year)

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

    Pros

    Bonuses (if you get them!) are quite good

    Cons

    Management is too disconnected from the rest of the employees; poor communication, poor motivation.

    Advice to Management

    Look more closely to your managers' attitude towards the staff! they might deliver on their promises but their staff is leaving because they are terrible managers. why would you put people who have no clue how to manage staff, in managerial positions?!


  11. Helpful (1)

    Not recommended.

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

    I worked at London Stock Exchange

    Pros

    Great brand name, some interesting projects.

    Cons

    Aggressive culture. Very very high staff turnover, people are demoralised, undervalued and browbeaten. Senior management seem to pride themselves on driving good people out in the name of 'cost savings'. No encouragement, no reward for hard work. Blame culture - senior management have created an environment where employees are burned out and feel like they are digging their own graves. Impression that senior management is in it for the short term. Unrealistic deadlines. Bullying. Do not work here.

    Advice to Management

    You are on completely the wrong track. Good employees need to be encouraged and developed, not burned out. The path you are on is unsustainable - if you are in it for the long term. Or even the medium term.



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