Barclays Reviews | Glassdoor

Barclays Reviews

Updated May 27, 2017
3,793 reviews

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3,793 Employee Reviews

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Pros
Cons
  • Work life balance varies around the group (in 160 reviews)

  • Location strategy, Rapid change in senior management (in 134 reviews)

More Pros and Cons

  1. "Analyst"

    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
    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.


  2. "Decent Banking"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Menlo Park, CA
    Former Employee - Associate in Menlo Park, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Mid-tier banking team. Information technology, office support, graphics are all pretty competent. Plenty of Parking. Close to downtown Palo Alto. Most of the junior bankers are nice people. Recruits from top schools.

    Cons

    Very long hours. Training is difficult as that happens in New York. Top people tend to leave for greener pastures (better banks, buy side, corporates, etc).

    Advice to Management

    Spend more time in the Menlo Park office. Needs to invest more time to train people in local offices.


  3. "Production support analyst"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Barclays (More than 5 years)

    Pros

    Great place to work at, I especially enjoyed working with my manager/team. Everyone was so friendly, helpful and supportive.

    Cons

    Favoritism is the only thing I can think of and working hours sucked

    Advice to Management

    None


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  5. Helpful (1)

    "Good place to learn finance but the hours are relentless"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Associate in New York, NY
    Current Employee - Investment Banking Associate in New York, NY
    Doesn't Recommend

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

    Pros

    Work with very intelligent, highly motivated individuals and you get exposure to some of the biggest companies in the world

    Cons

    For a junior banker in Investment Banking coverage for every live transaction you do be prepared to work on 15 - 20 pitches which are equally as demanding as an actual transaction but not very interesting at all.


  6. Helpful (4)

    "A Real Headscratcher"

    Star Star Star Star Star
    • 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


  7. "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


  8. "Find an alternate if you are young and bright"

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

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

    Pros

    1. Work culture : Most of the people in the firm are nice and friendly. They will help you if needed.
    2. Work/life balance: Its a great place if you have a growing family or have lot of commitments outside work. Although, you will be busy most of the time, the work wont kill you and should have enough time for personal life

    Cons

    1. SHrinking industry: Finance and Barclays overall are shrinking and its not a good place to be if you have just started your career.
    2. It's probably still a good place for investment bankers but not so much for technology graduates. Top IT candidates usually find another job in a year.
    3. No career opportunities since the senior guys wont leave and no new opportunities to grow.

    Advice to Management

    PAy attention to what your employees have to say. Focus on training and pay as per the market.


  9. "Good Place for graduates"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technology Analyst in Cincinnati, OH
    Former Employee - Technology Analyst in Cincinnati, OH
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    1. Approachable management
    2. Good Pay
    3. Open to new ideas

    Cons

    1. Too much on cost cutting
    2. Should send employees onsite


  10. "Good work environment, not too stressful"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technology Analyst in New York, NY
    Former Employee - Technology Analyst in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Well defined roles, job is not too difficult, reasonable benefits, hours, and breaks. I was an intern that became a full time employee. The work is not too demanding and there is some free time to take breaks.

    Cons

    Opportunity to advance is limited, some busy work, lateral movement opportunities are limited.

    Advice to Management

    Was too low a level to interact much with management, immediate superior was pretty reasonable though.


  11. Helpful (2)

    "Great company to develop"

    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
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Friendly working environment, generous benefits, solid mobility opportunities, strong commitment to career and skills development and multi-cultural and diverse workforce

    Cons

    huge amounts of bureaucracy due to large size, takes a long time to achieve consensus at any level

    Advice to Management

    simplify the management architecture to reduce layers of bureaucracy


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