Barclays Reviews in New York, NY | Glassdoor

Barclays New York Reviews

Updated November 8, 2017
135 reviews

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New York, NY

2.0
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Barclays CEO Jes Staley
Jes Staley
11 Ratings

135 Employee Reviews

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  1. Helpful (1)

    "NYC investment research"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mid Level in New York, NY
    Current Employee - Mid Level in New York, NY
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at Barclays full-time

    Pros

    -The base pay is fair (big bonuses are not coming back though)
    -Generally you can get whatever technology or data you need
    -Polite, buttoned-up environment
    -Impressive building
    -Not a bad place to start out

    Cons

    -Older analysts actively discourage changes or improvements to the product
    -Compliance rules squelch whatever innovation management does not
    -Research is a legacy 1980s business has outlived its usefulness: investors do not need "The Street" to tell them things they can read on the internet or buy from data vendors

    Advice to Management

    Close the research business, or re-purpose it as a Barclays-sponsored think tank that produces interesting reports for public consumption. Shake up this dying, stale business!


  2. Helpful (1)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends

    I have been working at Barclays full-time

    Pros

    Work
    Life balance is good

    Cons

    Bonus and salary is very low

  3. Helpful (2)

    "Unimpressed"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Finance in New York, NY
    Former Employee - Vice President Finance in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Barclays full-time (More than a year)

    Pros

    Great respect for women, excellent salary on investment bank, great perks at work, especially the gym (Manhattan)

    Cons

    Directors and Managing Directors assume God complexes, have difficulty with the idea that those that report to them may have silos of information greater. Yet, MDs take credit for the work that they don't do...There was plenty of backstabbing going around.

    Advice to Management

    Do 360 degree feedback on things that really matter. Document that information. Grade people on whether they get the job done, versus impromptu milestones.


  4. Helpful (2)

    "Meh"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    They pay you fairly well and give you good benefits. My health insurance is awesome and the employer matching for 401k is very generous.

    Cons

    No work life balance. Management doesn't care if you are there till 2:00, and will only have complaints for you when things go wrong.

    Advice to Management

    Create an environment where employees are focused on performing their jobs well rather than positioning themselves for a promotion. Talent is lost when people are burn out and limits diversity in management.

    Barclays Response

    Aug 18, 2017 – Head of Resourcing

    Thanks for your comments. That is very sad to hear as we have a strong focus on dynamic working and creating work life balance for our colleagues, however it does rely on the support of line... More


  5. Helpful (1)

    "Great people, below market compensation, not the place for technologists"

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

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

    Pros

    Surrounded by smart and talented co-workers. Midtown location is a great place. The brand is still attractive in the street. Can't really think of any more pros.

    Cons

    Three CEOs changes in five years. There by, no single strategy was successfully executed across any division over years. Several businesses are being sold off as spun off units.

    Advice to Management

    Invest in technology and benchmark firm's competitiveness against the market.


  6. "Operations Analyst"

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

    I worked at Barclays full-time (More than a year)

    Pros

    -Overtime at Analyst level is nice

    Cons

    -IT infrastructure is totally askew from Lehman acquisition, makes the job much more difficult.
    -High employee turnover, leading to low morale.

    Advice to Management

    Need to empower employees more. Everyone recognizes major issues in systems and processes, but can't get the money/time to fix them.


  7. "Getting better, but a long way to go to be competitive"

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

    I have been working at Barclays full-time (More than 10 years)

    Pros

    Collaborative environment. Nice people. Hard working group. Smart risk managers. Big picture and long term mindset. Global player. Scale. In the flow with most of top peers.

    Cons

    Compensation compares low. Retention is challenging. Polices are very conservative. Technology and equipment and overall support functions are not up to industry standard.

    Advice to Management

    Refocus on being competitive, recruiting and retaining the best, get your edge back and equip your people with the best tools and most flexible policies permissible (not just the path of least resistance)!

  8. "Stepping stone"

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

    I worked at Barclays full-time (More than a year)

    Pros

    Reimbursed cabs, private cars; free meals; salary + bonus

    Cons

    Hours; everyone was miserable; encourages culture of "drones"; After redesigning outdated systems/mechanisms that are used to provide support to my entire team with huge time saving enhancements as well as learning how to be a better analyst with regard to products/industries/financial valuation methodologies outside my direct scope, I was told that was a waste of time and just to focus on my little niche. Company is very outdated and old school with lots of hazing techniques embedded in the various groups. All the investment banks probably have this to some degree, but at least the others know how to pay employees and keep them from going to hedge funds / private equity.

    Advice to Management

    Embrace the investment banking culture or spin-off the bank. Don't try to keep it, but have the opposite culture. If you don't improve pay, brain drain will continue to goldman sachs or hedge funds / private equity.


  9. "Negative outlook for employment"

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

    I worked at Barclays as a contractor (More than a year)

    Pros

    Pay relatively good rates for first peer IB

    Cons

    Unstable management. High turn-over rate


  10. "Analyst"

    StarStarStarStarStar
    • 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
    No opinion of CEO

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

    Pros

    Great coworkers feeling like "we're all in the same boat".

    Cons

    Constant downsizing and insecurity about the job.

    Advice to Management

    Try to keep your employees. When you lose them, don't assume the new people will learn quickly.


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