Barclays Reviews | Glassdoor

Barclays Reviews

Updated April 18, 2017
576 reviews

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Barclays CEO Jes Staley
Jes Staley
52 Ratings

576 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. "Be weary at Barclays Capital - Don't get staffed in a group of legacy Barclays Capital management"

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

    Pros

    Due to thre recent acquisition of Lehman Brothers' NA operations, Barclays Capital can compete against the likes of Goldman Sachs and Morgan Stanley. In addition, the firm's balance sheet allows the group to lend on more favorable terms to deals that are identified as strong relationship clients. The placement of Skip McGee (from Lehman) as the head of Investment Banking should position the group for future success. In addition, given the lack of competition from the likes of pure investment banks, as they have all disappeared, Barclays Capital will be able to gain a strong market share in areas such as M&A, IPOs, etc.

    Cons

    The senior management team lacks clarity, does not effectively communicate the group's direction and focus and are spineless. I was let go in October 2008 as a result of the integration with Lehman Brothers; however, a majority of the people let go during this time were junior staff identified by their managers (and since I did not get along with manager, I was identified). In addition, the Company's procedures were constantly changing and a process was never truly defined, as the policies were constantly revolving. The biggest complaint from my manager was my lack of awareness of policies and procedures - it's hard to keep track when it constantly changes.

    Advice to Management

    n/a


  2. "Talk to us Barclays"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    No opinion of CEO

    Pros

    Barclays allows for its employees to learn marketable skills and learn from senior management. The Firm provides good learning tools and utilizes employees capabilties to their fullist extent. There is pretty good work life balance although telecommuting options need to be increased in order to enable the Firm to attract top talent.

    Cons

    Management needs to greatly communication to its employees. Everyone seems to be in the dark about basic human resources and job expectation issues. There is very little human connection or concern for employee well being. Layoffs are forever biting at your heels and the morale is really low but it goes unaddressed.

    Advice to Management

    Communicate with employees and aknowledge dedication and hard work. Have a bulletin board fr employee questions and concerns.


  3. "Snatching defeat from the jaws of victory"

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

    Pros

    It used to be a relatively flat organization with strong meritocratic culture. There was more work, more opportunities, than there were bodies. This motivated people to step up to the plate, grow, learn and deliver. Work was rewarded with below-street comp, but it was rewarded thoughtfully, and fairly. These traits have left the organization.

    Cons

    Lehman mid-level management is strongly, unconsciously biased towards legacy lehman staff. This impacts how legacy barcap employees are viewed, paid, given opportunities and retained (or not).

    Advice to Management

    Return to a flatter, meritocratic organization.
    Fix the pay disparities, as they are very divisive. Fire those that you no longer wish to support, as poor pay just spreads bad morale.

    Analyst deferred pay is a joke, and will hurt l/t recruiting efforts.


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  5. Helpful (2)

    "Frustrating place to work as an IT professional, but other divisions may be better"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Network Analyst in Jersey City, NJ
    Current Employee - Network Analyst in Jersey City, NJ
    Doesn't Recommend
    Approves of CEO

    Pros

    Salaries are in line with industry standards, and benefits are good, though somewhat more expensive than plans at comparable employers.

    Cons

    non communicative management - they go through the motions, but not for important issues, such as outsourcing (200 people were outsourced to CGI, on the ides of March no less, and there are still no official announcements). Poor work/life balance, Rigid and unrealistic appraisal system.

    Advice to Management

    Treat IT professionals as adults. If the intent is to outsource much of IT, and that appears to be the case, be honest and straightforward about it. You need to eventually in anycase, so we can do the obvious right things when it comes to turnover, access security, and planning our personal lives. Competent managers know who's contributing and who isn't, so trust people to know when they need to be in the office, and when they can work remotely, greatly improving work life balance


  6. Helpful (1)

    "Like most other Banks of it's size"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    No opinion of CEO

    Pros

    Groups are flexible, International Exposure, Size of Company, Free Coffee, Good Use of Current Technology, Flexible Scheduling, Ok Health Benefits, Onsite Doctor

    Cons

    Terrible Management, Continuous Layoffs, British Focused promotions, Clear Glass Ceiling for Minorties and Women, Highly Politicized working Environment, Long Long Work Hours

    Advice to Management

    Quit Already, Why are there three Layers of middle management, why do i report to so many "stake holders". Seriously why can't i have more than 2 monitors traders can have 6, The cafeteria is subsidized really


  7. Helpful (1)

    "Wish it was still Lehman Brothers"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Director
    Former Employee - Senior Director
    No opinion of CEO

    Pros

    Had a job in the transition
    Paid to try and keep talent

    Cons

    Inferior investment bank
    Culture clash with a slow commercial bank
    Lack of understanding in serving clients
    Much more beuracratic and slow compared to Lehman

    Advice to Management

    Let the Lehman division run like before and you will make the most profit. Superior bankers than Barclays


  8. Helpful (2)

    "Too bad Lehman went bankrupt and Barcap's second rate cuture took over"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - M&A Analyst in New York, NY
    Current Employee - M&A Analyst in New York, NY
    Disapproves of CEO

    Pros

    - Able to do a smooth transition fairly smoothly after Lehman bankruptcy

    Cons

    - Letting some of Barcap's side management to run areas where Lehman Brothers was clearly a lot better at and therefore Barcap should've let ex Lehman people to run it.
    - Horrible culture, Barcap doesn't understand how a top notch investment bank is run
    - Nobody really cared about Barcap, but when you mention "Ex Lehman" then we get the deals
    - Trying to do everything very cheapl, some top notch Lehman support departments which was essential to us in M&A were cut in exchange for cheaper Indian outsourcing firms which was a total disaster to get everything done.

    Advice to Management

    Get your act together if you want to run a real Investment bank, this is not third rate commercial bank like Barcap. Listen to ex Lehman people.


  9. "Lots of rules. Simple work requires lots of approvals."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Approves of CEO

    Pros

    stability of job , very big institution with very diverse teams and business

    Cons

    Thoroughly inefficient. They dont have a flat structure as they boast. Lots of politics... Decisions are always taken by top tier. importance to persons interest is never given

    Advice to Management

    Try to improve the efficiency of the company. Need to do quality work..Need to remove inefficient processes. Need to remove some middle tier managers. less politics should be there and more concentration should be given to attract more clients and thus more work and thus more pay


  10. "Better as Lehman"

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

    Pros

    Laid back, people are pretty friendly

    Cons

    Systems are horrible, total lack of communication by management, compensation is a joke, Why did the let go of BGI?

    Advice to Management

    Better communication to employees, develop better systems, be fair on comp between Lehman and Barcap, employees know there's a gap, will leave if you don't close it


  11. Helpful (1)

    "Lots of smart people, but management is disorganized and does not communicate well"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    No opinion of CEO

    Pros

    Growing amount of opportunity. Barclays Capital is looking to grow quite a bit in the next few years.

    Cons

    Management fundamentally misunderstands its workforce. Many policies and decisions send a message that employees are units of labor and not professionals. Employees are treated with little respect.

    Advice to Management

    Stop managing the firm like it's a filled with blue-collar employees and show respect to hard working, well educated professionals.


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