Barclays Reviews | Glassdoor

Barclays Reviews

Updated August 14, 2017
609 reviews

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609 Employee Reviews

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  1. "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hamilton, OH
    Current Employee - Anonymous Employee in Hamilton, OH
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Barclays full-time (Less than a year)

    Pros

    Pay
    Benefits
    They feed you well
    Active in the community

    Cons

    Some of the supervisors/leads are unapproachable
    Training class is in dire need of a computer system that works so you know what to expect when speaking with customers.
    There is no training manual, you are stuck in a class that consist of taking notes.
    Hiring staff/supervisor paint you picture of how great is to work there and how supportive everyone is when in reality it's 30% true
    When you accept the job, be prepared to be called/hounded daily by recruiting staff to make sure you are still taking the job

    Advice to Management

    Get computers/training system that allows you follow through and know what to expect when handling customers requests
    Don't hire lazy/unapproachable supervisors/leads


  2. "trader"

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

    I worked at Barclays full-time

    Pros

    big firm, good exposure. overall decent quality of trades

    Cons

    bad managers. sr management more worried about their jobs and bonuses than the firm long term

    Advice to Management

    get rid of non team players who are looking out for themselves and not the business

  3. "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in Wilmington, DE
    Current Contractor - Anonymous Contractor in Wilmington, DE
    Approves of CEO

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

    Pros

    long term contract, flexible, work from home, relaxed, paid lunch

    Cons

    very political, no reward, no growth, you have to play politics, incompetent leadership


  4. "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.


  5. "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


  6. "Documentation Specialist"

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

    I worked at Barclays as a contractor

    Pros

    People were great to work with.

    Cons

    Two short of an assignment and management was unwilling to assist with additional training.


  7. "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.

  8. Helpful (4)

    "A Real Headscratcher"

    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
    Negative Outlook
    Approves of CEO

    I have been working at Barclays (Less than a year)

    Pros

    Good work life balance, especially compared to the other investment banks on the Street. MDs will leave around 5PM-6PM and there isn't an expectation for face time.

    Cons

    Major HR and talent retention issues. Every week, an announcement about a top-level resigning is sent out. Whenever there's an issue, management's solution to fire someone at the top and hire a new and shiny band-aid with a large paycheck to solve said issue. However, what you have in the end is a loss of infrastructure knowledge. There are so many new people that no one knows how any of the legacy systems work, why they were installed, and they keep trying to re-invent the wheel. Company spends a lot of time and money hiring new people and expensive consultants, who at the end of the day are unfamiliar with why the problem exists. Barclays is still stuck in the old days of banking and they have not realized the value of technological innovation or cheap analyst labor. It's a very small company, but people are very unproductive and morale is very, very low. No one is committed to the company or takes pride in the company brand (at least in NY). It's hard to convince someone to stay when all other US banks on the street have better culture and better compensation.

    Advice to Management

    Stop running the bank on a culture of power and fear. You're paying enormous amounts of money to people who can't do their jobs bc they don't have the right experience: you can simply replace their function with fresh young graduates for a fraction of the cost. Unlike in other banks, HR has no power at Barclays. Everyone at the top is an old white man. While the new CEO from JPM pledges to change this, there's a lot of politics that will prevent him from seeing this vision to the end. Employees here do not value gender or ethnic diversity, popped bottles of champagne when Trump won the election, and spend money allocated to "diversity initiatives" to fund drinks for current employees (who are a racially homogenous group already). The management believes they are "colorblind" yet the top three people in diversity & inclusion are old white men, just like every senior person at the bank. Barclays is unfortunately very, very backwards and is not moving forward at the pace of other US banks on the street.

    Barclays Response

    Jan 16, 2017 – Head of Resourcing

    Thanks for taking the time to write this review.
    Your thoughts on a culture of power and fear is very disappointing to hear and obviously not one that we would want as it does not enable our... More


  9. Helpful (3)

    "Rapidly going down"

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

    I have been working at Barclays (More than 5 years)

    Pros

    Good health insurance and overall benefits

    Cons

    Clueless CIO
    Erratic technical leadership
    Bad hiring practices
    Failure to keep smart developers
    Apparently only Indians want to work here anymore

    Advice to Management

    Unfortunately, the problems start at the top. The CIO is clueless. Many in the senior technical leadership have zero experience either writing or designing modern software.


  10. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Salary, Benefits and total compensation. Firm has very motivated teams and they are proud of the Barclay name and protect the brand.

    Cons

    The organization's culture is very political and bureaucratic.


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