Barclays - London office great, New York office not so great | Glassdoor
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"London office great, New York office not so great"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Vice President in New York, NY
Current Employee - Vice President in New York, NY
Recommends
Neutral Outlook
Approves of CEO

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

Pros

The London office is full of outstanding professionals, creative thinkers who all adopt a collaborative approach to resolving clients needs. There is no concept of pushing sales through, the bottom line in the London office is to serve the needs of clients.

Cons

The New York office, needs a lot of work. There is a consistent battle of client coverage and hard sales. Many people are unhappy and the environment is cut throat.

Advice to Management

Listen to mid senior level and junior staff members - there are many things that are being done in London that could easily be replicated to an extent in the New York Office. The success of Barclays in previous years has been attributed to the brilliant people, the New York office need not adopt hierarchy and cut-throat-ism to succeed. Understand the reasoning for turnover - there are many clues in the exit interviews that provide solutions to issues.

Other Employee Reviews for Barclays

  1. Helpful (2)

    "Churn and Burn - rotten company to work for"

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

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

    Pros

    Aside from few nice people and sometimes work-life balance (depending on department), none

    Cons

    Unless you are British or have "brown nose" don't expect to get anywhere in this company. Cons are not limited to:
    Career advancement and recognition of efforts,
    Promotion process and reviews,
    Rotten Internal politics,
    Pay and bonuses compare to the street.
    Just to give you a flavor attrition rate is ~15-17% and goes as high as 33-34% in some departments. That should tell you something if 1 out of every 4 people leaves the company dissatisfied

    Advice to Management

    Start recognizing internal talent and promote within. Listen to the feedback of employees and ACT on it. Don't be afraid to let go more senior people to satisfy cost cutting measures. Like instead of laying off 20 analysts take a look at some useless MD's and let them go. You'll achieve the same cost result, but will increase the morale.


  2. Helpful (1)

    "Great place until Lehman bankruptcy purchase"

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

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

    Pros

    Staff was great - smaller company resulted in closer relationships. People had lunch together or went out for drinks.

    Cons

    After Lehman bankruptcy purchase, staff was too large. Not as many personal relationships, especially after all the layoffs.

    Advice to Management

    Lehman purchase was a mistake. The company had a history of growing organically. It worked in the past and should have continued the tradition.

There are newer employer reviews for Barclays
There are newer employer reviews for Barclays

See Most Recent

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