Barclays Reviews in New York, NY | Glassdoor

Barclays New York Reviews

Updated April 13, 2017
86 reviews

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New York, NY

1.0
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Barclays CEO Jes Staley
Jes Staley
7 Ratings

86 Employee Reviews

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Pros
  • Work life balance is well maintained (in 430 reviews)

  • Great working environment, fantastic people (in 181 reviews)

Cons
More Pros and Cons

  1. "Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate, Investment Banking Division in New York, NY
    Former Employee - Associate, Investment Banking Division in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    International bank, decent reputation on the street

    Cons

    Poor senior mentor ship, extremely political, people of color absolutely treated differently

    Advice to Management

    Bring your idea of diversity into the 21st century

    Barclays Response

    Apr 18, 2017 – Head of Resourcing

    I am very concerned to read your comments that you have experienced different treatment. I can see that you worked in our Investment Bank and I will pass this on to them and I know they will treat ... More


  2. "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Barclays full-time (More than 3 years)

    Pros

    Strong investment banking franchise; top tier in select business lines

    Cons

    Poor leadership, lack of upward mobility, unfair pay, long hours


  3. Helpful (1)

    "Head of Cash Equities and Equity Capital Markets Legal"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Head of Cash Equities and Equity Capital Markets Legal in New York, NY
    Former Employee - Head of Cash Equities and Equity Capital Markets Legal in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at Barclays full-time (More than 5 years)

    Pros

    No pros. Company is adrift and legal department is poor.

    Cons

    Management is inconsistent, legal department has very low moral and support by the business.

    Advice to Management

    Walk the talk.


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  5. Helpful (1)

    "assistant vp"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Barclays (More than 3 years)

    Pros

    flexible work schedule, nice nyc location

    Cons

    high turnover, overworked, under payed

    Advice to Management

    hire competent senior management to effectively operate


  6. "Client onboarding hell"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The payroll check cleared and that's it.

    Cons

    Micro-manager from hell and his superior unaware of it leads to horrible possibilities.


  7. "Never Ever going back"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - PM in New York, NY
    Former Employee - PM in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Barclays (More than a year)

    Pros

    Nothing i could think of......

    Cons

    Worst place to work for. Importance will be given to the consultants. If you are full time or contractor than you are your own. You have to work for the consultants, work for them while they are gone for long lunches or left for the day or working from on Fridays / Mondays. They will take all the credits and you will look like a full. You might think to talk to your manager or his/her manager but it won’t help as I did many times. There were 6 employees in my team and then 5 left in 4 months due to this consulting firm and then I end up leaving too. I have seen 12+ people left in 6 months (including contractors) and Barclays absolutely did nothing to improve the work environment but hiring more consultants from this firm :)

    And yes don’t forget long hours, weekend work and lot of politics.

    Have you ever noticed that Barclays recruiters will call you/ email you for new jobs and you wondered why? Well no one wants to work there and more number of people leave Barclays. Don’t believe me then, you can ask anyone who already worked there and left :)

    NEVER EVER JOIN THEM

    Advice to Management

    Please give priorities to your employee not the specific consulting firm

    Barclays Response

    Mar 30, 2016 – Head of Resourcing

    We are really sorry and disappointed to hear that this was your experience working with us. We work hard to ensure we have an engaging and challenging culture for our colleagues and it is very ... More


  8. "Mismanaged"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Former Lehman talent, large company

    Cons

    Mismanaged, everyone is unhappy and looking for a new job. Significant brain-drain ever since the Lehman acquisition. All the smart talent (ie ex Lehman people) left long ago.

    Advice to Management

    Create more opportunities for career development and internal growth and transfers.


  9. Helpful (2)

    "Avoid"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in New York, NY
    Former Employee - Managing Director in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at Barclays full-time (More than 10 years)

    Pros

    If you are very political and thrive in having lots of meetings but never moving the ball forward then this is the place for you

    Cons

    Everything - Management can not move the needle, Compensation is not competitive, work life balance does not exist and management does not have any values

    Advice to Management

    Quit and let a new team come in that wants to get things done


  10. Helpful (1)

    "Managers play favorites"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Barclays (More than 3 years)

    Pros

    Benefits, 6% match on 401K, good insurance options, wellness programs, and comfortable office space

    Cons

    Limited opportunity for growth, promotions are not based on merit but managerial preference, cliquish work environment, and somewhat of a hostile work place. Management doesn't have a clue what they are doing and often times get in their own way for progress. Very little accountability or desire to assist on another. Technology is dated, salaries are below standard for industry, and progress occurs at a snails pace, if at all.

    Advice to Management

    Retaining talent requires a commitment to career progression. Also, stop punishing employees for the mistakes of Senior Leadership


  11. Helpful (3)

    "Vice President equities"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Barclays (More than 8 years)

    Pros

    The only pro about working for Barclays is that my colleagues are a great group of people. When I say colleagues, I specifically mean my peers.

    Cons

    Lack of room for growth. Consistently poor raises and increasingly bad bonus numbers. Red tape all over the place. Incredibly bureaucratic. Compliance driven. Big titles at the top still paying themselves handsomely while they explain poor compensation to employees by complaining about how bad the year was. YEAR AFTER YEAR. There is a traffic jam at the exit doors, people running for the hills left and right. They preach values but it's all a facade.

    Advice to Management

    Try spending some money on investing in talent and keeping your current employees happy. It's a mass cost cutting operation which is crushing performance and morale.


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