HM Treasury Reviews in London, England | Glassdoor

HM Treasury London Reviews

Updated February 20, 2017
24 reviews

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London, England (UK)

3.7
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HM Treasury Chancellor George Osborne
George Osborne
7 Ratings

24 Employee Reviews

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  1. "Working at HMT"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Deputy Director in London, England (UK)
    Current Employee - Deputy Director in London, England (UK)
    Recommends

    I have been working at HM Treasury full-time (More than a year)

    Pros

    Working at the heart of government, on some of the key challenges facing the UK, varied and interesting work, with talented and motivated colleagues, making a difference

    Cons

    The salary is not great, even for the public sector, and working hours can sometimes be long, although usually with peaks and troughs and management support for flexible working.


  2. "Would completely recommend despite problems."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Fast Stream Summer DiversityProgrammer Student in London, England (UK)
    Former Intern - Fast Stream Summer DiversityProgrammer Student in London, England (UK)
    Recommends
    No opinion of CEO

    I worked at HM Treasury as an intern (Less than a year)

    Pros

    Very intelligent, supportive, well-intentioned and hard-working colleagues. Many opportunities to gain exposure to and experience in important policy areas and contribute positively to these projects at various stages. Relatively high level of responsibility from early on.

    Cons

    Pay is better compared to other parts of the Civil Service but it could be higher still to reduce attrition of Treasury colleagues. Degree of confusion regarding 'how things work' and 'what's going on in Government' is sometimes not adequately conceded or revealed; this is also somewhat worrying.

    Advice to Management

    Too hierarchical - this stunts idea formation and transmission. Need to improve transparency in the policy making process for public good.


  3. "Great staff, mixed culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Deputy Director in London, England (UK)
    Former Employee - Deputy Director in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Amazing quality of peers, flat structure, ability to influence, performance culture - high caliber people to learn from

    Cons

    Some arrogance amongst certain senior staff, "treasury royalty" etc; instinctive aversion to collaborating and sharing information amongst those who rose in the Brown years; cavalier attitude to motivation and retention of staff

    Advice to Management

    High turnover rates reflect a number of things, and not all are desirable - yes, weak staff tend to filter away but so do many excellent people who could be future assets if they felt more welcome, which exclusive insider culture can prevent


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  5. Helpful (1)

    "Policy Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Flexi time
    Interesting work
    smart people overall
    HMT is highly reputable so looks goood on CV

    Cons

    bad culture
    depends where your placed
    no training


  6. "Great Place with Great People"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Intern in London, England (UK)
    Former Employee - Summer Intern in London, England (UK)
    Recommends
    Positive Outlook

    Pros

    Very nice building and area
    Staff members (from my team and other teams) are all very friendly
    Good collegiate environment
    Huge canteen which does some lovely breakfast too

    Cons

    The nice lunch places are a good 10-15 minute walk away!
    Although most the local cafes (starbucks, costa etc) are 5 minutes away!


  7. "HMT"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Head of Management Accounts in London, England (UK)
    Former Employee - Head of Management Accounts in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    At the cutting edge of HM Governments civil service, fantastic quality of staff, excellent IT, fantastic building to work in

    Cons

    Low pay, poor staff retention, inordinate competition at the top, slow to change at the top, too quick to let valuable staff go, poor relationship with OGD

    Advice to Management

    Address Low pay, poor staff retention, inordinate competition at the top, slow to change at the top, too quick to let valuable staff go, poor relationship with OGD


  8. "Senior Policy adviser"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Policy Adviser in London, England (UK)
    Current Employee - Senior Policy Adviser in London, England (UK)

    Pros

    Get lots of responsibilities and exposure to senior stakeholders even at a junior level.
    Good work/life balance
    Young and dynamic staff

    Cons

    The use of resources (i.e. how much time and efforts staff spend on some projects) is not always strategic.
    Lack of exposure to industry and "real-world"

    Advice to Management

    Some senior managers needs to be more transparent with their teams on corporate issues and opportunities.
    Make sure that your team feels empowered when starting a project.


  9. Helpful (1)

    "Policy Adviser"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Policy Adviser in London, England (UK)
    Former Employee - Policy Adviser in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at HM Treasury full-time (Less than a year)

    Pros

    Early responsibility, insight into major public policy issues, and opportunities to undertake some interesting work (research, supporting ministers in the House of Commons and Lords etc).

    Cons

    I would advise anyone joining the Graduate Policy Adviser scheme to think carefully about joining HM Treasury. When I received my offer I was surprised and pleased to have passed the assessments and expected the role to be equally challenging yet was disappointed by the mundane and sometimes pointless work. My role was not strictly a policy adviser role. Hours were long and the effort I put into my work was not appreciated. My managers were not always fully supportive, micro-managed incessantly, and were often rude. When I tried to chase people to meet a deadline or suggest doing things differently I was made to feel as if I was undermining more senior colleagues - people at the Treasury are very territorial and 'gradist'. Training is abysmal and many graduates complained how useless it was. From conversations with other graduates, there were many grumblings about the Graduate Policy Adviser scheme overall. The Treasury is dominated by aloof, largely white middle class Oxbridge-eduated males; there is very little diversity at more senior levels.

    Advice to Management

    Review the Policy Adviser Graduate scheme and get input from existing graduates on what could be improved especially as some members of the recent intake of graduates have already resigned...


  10. "Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern in London, England (UK)
    Former Intern - Anonymous Intern in London, England (UK)

    I worked at HM Treasury as an intern (Less than a year)

    Pros

    Work on real policy areas within the government
    Opportunity to move around and shadow other teams, both within HMT as well as other departments
    Regular speakers with very impressive talks
    Hard-working but with an underlined importance for work/life balance
    Opportunities for onward progression

    Cons

    Career progression within the organisation has disincentives due to uncompetitive pay
    Large amount of less experienced employees due to constant moving on, likely due to uncompetitive pay

    Advice to Management

    Make permanent job pay more competitive


  11. "Central Finance at HMT"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at HM Treasury (More than a year)

    Pros

    Dynamic culture with a largely young, driven and highly intelligent staff.

    Interesting work often in the news or contributing to very significant decisions across the country.

    Good facilities including a fantastic office opposite Parliament and a subsidised gym.

    Incredible reputation within the public sector - working at HMT will impress and open doors at other Government entities.

    Flat structure means more junior staff are given key responsibilities and broad exposure early on.

    Cons

    Strong emphasis on generalists and policy - specialists, such as those with finance or similar qualifications are seen as niche and less capable of other roles, regardless of actual ability.

    Poor pay in comparison to wider Government - lowest pay of any central government department.

    Flat structure also means achieving promotion is extremely challenging and oversubscribed. The organisation also seems to have a 'grass is greener' attitude where comparable or less capable staff from outside win roles ahead of strong internal applicants.

    The above contributes to staff turnover in excess of 30%, which means corporate memory is lacking and work can sometimes be a frustrating reinvention of the wheel.

    Advice to Management

    Pay staff competitively and provide more scope for enhancements. Realise that those with professional skills add to the business and consider boosting the skills of generalists rather than handicapping others.



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