Bank of England Senior Associate Reviews | Glassdoor

Bank of England Senior Associate Reviews

Updated Feb 6, 2019

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3.0
100%
Recommend to a Friend
100%
Approve of CEO
Bank of England Governor Mark Carney
Mark Carney
3 Ratings
  1. Helpful (1)

    "Flexible working hours"

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

    I have been working at Bank of England full-time

    Pros

    Very stimulating environment, good technical experience and very challenging stakeholders

    Cons

    Quite difficult culture, there are significant difference in different areas

    Bank of England2019-02-06
  2. Helpful (4)

    "Good working environment"

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

    I worked at Bank of England

    Pros

    Professional Staff Excellent training Interesting work Sense of working for an organisation with an important task and significant impact

    Cons

    Slow moving and bureaucratic. This is in some ways by necessity. It's not appropriate to make big decisions as a public institution without proper due diligence. But does this mean that decisions are only taken after having gone through 4-5 levels of committees. Each requiring a new summary paper. limited opportunity for creativity

    Advice to Management

    Work out how to streamline decision making process and deliver on ambitions to ensure that more decisions can be taken at a lower level without constant need for senior level sign-off

    Bank of England2015-05-25
  3. "Positive experience, great learning curve"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Associate in London, England
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Learning curve, possibility of learning through internal and external courses, wide range of facilities available, great flexible benefit scheme and pension, excellent work-life balance, great career opportunities in the private sector

    Cons

    Salary (much lower than same peers in the private sector), career path very structured and slow, sometimes under utilized by the management

    Advice to Management

    work to create a more flexible structure

    Bank of England2014-05-29
  4. "What you can make of it"

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

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

    Pros

    - Prestigious organisation - Opportunity to work on hot topics in the financial industry - Extra work outside of regular job to improve the organisation is encouraged - Many opportunities for secondments within and even outside of the BoE - Ability to charge overtime above 7 hours for non-management roles - Very flexible working conditions (many people only work 4 day weeks, including working from home one of... the 4 days)

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    Cons

    - Seen by some as public sector (i.e. a bit slow, less sharp people), thus may be difficult to move into the private industry afterwards - Inability to recruit better experienced hires from the industry, due to lower salary ceilings - Some formerly good employees, but now just waiting for their pensions - Not enough people with experience from the finance industry, especially in management roles (although Mark... Carney is obviously an exception)

    Show More

    Advice to Management

    Hire more professionals from the finance industry

    Bank of England2014-04-27
Found 4 reviews