Bank of England Reviews | Glassdoor

Bank of England Reviews

Updated Nov 19, 2019

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3.5
71%
Recommend to a Friend
82%
Approve of CEO
Bank of England CEO Mark Carney
Mark Carney
85 Ratings
  1. "Flexible and motivating working environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Analyst 
    Recommends

    I have been working at Bank of England full-time for more than a year

    Pros

    Flexible work style, lots opportunities to learn, interesting and complex projects, lots of opportunities to learn

    Cons

    Lots of bureaucracy, very slow incorporation of modern technologies

    Bank of England2019-05-18
  2. Helpful (5)

    "Who needs meritocracy when you can just promote sycophants?"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bank of England full-time for more than a year

    Pros

    Good managers are rare, so it's based on potluck.

    Cons

    Despite endlessly preaching diversity to BoE staff is the same as preaching diversity to a brick wall. An organisation that is used to doing things in certain ways, wrapping everyone and everything up with red tape, and have its staff follow job instructions blindly instills a certain amount of fear. If you don't mind getting sidelined and humiliated in front of your peers, by all means speak your mind. Otherwise, conformity is the key to success here. Emulate your managers, agree with them, so they can then agree with their managers who can agree with their directors. It's basically a long line of nodding heads.

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    Bank of England2019-06-12
  3. "Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Technical Specialist in London, England

    I worked at Bank of England full-time for more than 5 years

    Pros

    Work life balance was good

    Cons

    Progression can be slow

    Bank of England2019-05-24
  4. "Manager Bank of England"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of England full-time

    Pros

    Good working hours, flexible hours

    Cons

    Internal politics, can be competitive in certain areas

    Bank of England2019-04-29
  5. Helpful (4)

    "Really avoid this place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bank of England full-time for more than 5 years

    Pros

    Cafe is good, however attempts are made to ruin that too...

    Cons

    This place will not promote you on merit. there is no set hiring criteria and HR couldn't care less. BOE gets sued left right and center over this but they are the laziest senior management in town. Think they live in the 16th century still. Absolute rubbish place to work with extremely obnoxious and poor communication by colleagues. Financial Stability is the worst area as here these powerless economists think they are actually doing something good and they can look down on the industry. 1- Everyone is leaving. 2- People move alot within but not on merit. more on personal relationships or contacts. 3- Poor on diversity. Their BAME quota is a joke. 4- Staff leaving are not replaced for months leaving you to pick up the work. 5- Poor attitude by managers on progression. they will force their version of you down your throat. 6- Extreme can't do attitude by everyone. 7- Really unhealthy place to work, however some areas are not as bad. 8- Dialogue is discouraged. Managers can be very insensitive. 8.5- Experience doesn't mean jackall! The will make you a graduate analyst if you apply for the scheme and then you can be expected to receive three promotions in 4 years if you know the right people 9- do i need to say more? 10- And unfair treatment. not all employees are treated fairly. if you are in regulation then monatery will look down on you and if you are in monetary then FS and markets will.

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    Bank of England2019-05-21
  6. Helpful (4)

    "Beware of inexperienced management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Analyst 
    Neutral Outlook
    Approves of CEO

    I have been working at Bank of England full-time for more than 5 years

    Pros

    Great people to work with

    Cons

    Inexperienced management with poor people skills

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    Bank of England2019-04-26
  7. "great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - PMO Analyst in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of England full-time for more than a year

    Pros

    work life balance, friendly culture, professionalism is great. lots of opportunities to invest in yourself and receive training.

    Cons

    Can be very bureaucratic at times. E.g. meetings have piles of papers and agendas which are not summarised.

    Bank of England2019-04-08
  8. Helpful (4)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Bank of England full-time

    Pros

    Interesting and stimulating work in some areas. Opportunity to engage and present externally and at a senior level. Good training opportunities available for some staff and generally good/flexible work life balance

    Cons

    Poor Finance/HR department: progressive erosion of employee benefits and real term pay cuts over last 10 years. Budget freezes leading to fewer opportunities for progression and training.

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    Bank of England2019-04-13
  9. Helpful (5)

    "They talk about wellbeing but they don't follow through"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    No opinion of CEO

    I worked at Bank of England full-time

    Pros

    When they've driven you into the ground, the sick pay is generous. Pretty building

    Cons

    More and more work piled on and nothing ever taken away. The people who project themselves better get all the recognition whether or not they do the best job. The bloated Central Services function appears to justify its existence by creating complicated and bureaucratic systems for everything. The rest of the staff has to waste time on this bureaucracy. They also decide in November to change the timetable for end of year performance reviews. Either decide earlier or put off changes until the following year.

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    Bank of England2019-03-29
  10. Helpful (2)

    "Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Analyst in London, England
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Bank of England full-time for more than 3 years

    Pros

    Good work life balance Good career opportunities

    Cons

    Awful Technology Backwards culture Pay bit good relative to peers Internal pay structure muddled

    Continue reading
    Bank of England2019-03-28
Found 175 reviews