HM Treasury Reviews | Glassdoor

HM Treasury Reviews

Updated May 11, 2018
48 reviews

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3.7
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HM Treasury Chancellor George Osborne
George Osborne
12 Ratings

48 Employee Reviews

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Pros
Cons
  • Work life balance could be a bit turbulent at fiscal events (in 6 reviews)

  • Pay is not the best for Civil Service (in 4 reviews)

More Pros and Cons

  1. "Interesting face-paced work with promotion prospects, if you can handle low pay and being surrounded by 'Treasury types'"

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

    I have been working at HM Treasury full-time (More than 3 years)

    Pros

    immediate high level of responsibility and broadly a freindly and engaging working environment. Potentially to work on some really interesting, high-profile policy areas with opportunities for quick progression (although this is highly reliant on luck).

    Cons

    Poor pay and pay progression relative to other competive graduate employers and unlike other Government department they do little to reward specialist skills (e.g. you can get £3.5k for being on the GES in other depts, not HMT).

     'Treasury type' is sadly still very much a thing - white, privately educated, egotistical Oxbridge male. But this is changing. Graduate rotation scheme restricts choice around your rotations so it's partly potluck whether you end up in a policy area you're interested in.

    Advice to Management

    Take you graduate recruitment North of York and focus on hiring from a diverse mix of backgrounds.


  2. "Opportunities, but some trade-offs"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Various - Policy, Project and Corporate in London, England (UK)
    Current Employee - Various - Policy, Project and Corporate in London, England (UK)
    Neutral Outlook
    No opinion of CEO

    I have been working at HM Treasury full-time (More than 3 years)

    Pros

    - Interesting work, provide challenge and plenty of other projects to get involved with
    - A young department, lots of energy and ideas
    - Very supportive mental health network and awareness from senior management on the impact of high stress environments

    Cons

    - Mixed quality of line management, possibly due to the young demographic (need A LOT more attention to improve experiences here)
    - Work/life balance: it's definitely encouraged, and pushed as a priority, but in practice it doesn't feel true to many individuals e.g. part time workers feeling obliged to work extra hours to make up the time or logging on after the kids are put to bed!
    - Pay package compared to other Whitehall departments is low, but you could balance this with the scope and opportunities of work
    - Career progression is limited if you are not looking for a long-term policy role.
     Not a massive downside, but it might put people off who wish to progress in the other professions

    Advice to Management

    Take charge of all change - not just the 'good' strands
    Continue to act on staff survey results - progress so far has been good with new leadership, please continue

  3. "Policy"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great and interesting place to work

    Cons

    No cons to report upon


  4. "Mixed Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Student Economist in City of Westminster, England (UK)
    Current Employee - Student Economist in City of Westminster, England (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good working environment, flexi-time is great, get a real insight into the functioning of government and Westminster.

    Cons

    Students are not as valued as they ought to be, and often get given the most boring tasks despite their capabilities which often exceed graduates.

    No clear route to a graduate career despite strong performance as a placement student.

    Many graduates complained of lack of progression opportunities.

    Advice to Management

    Fast-track strong performing placement students to a graduate role. Not doing so is a unnecessary recruitment expense.


  5. "Economics Placement Student"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at HM Treasury full-time

    Pros

    Very interesting and varied work, with a high level of responsibility. Very good experience for those looking for a career in economics.

    Cons

    Work life balance could be a bit turbulent at fiscal events. Some processes are out of date, and the high turnover means that some in roles are left with complex information and limited guidance.


  6. "HMT Policy Work"

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

    I have been working at HM Treasury full-time (More than 3 years)

    Pros

    Lots of responsibility; interesting work; broad portfolios.

    Cons

    Poor working conditions (not enough desks etc); low salary; long hours.


  7. "Graduate Development Programme - Variable quality of teams and low chance of promotion"

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

    I have been working at HM Treasury full-time

    Pros

    - GDP can be excellent but do your research before on what team you will be placed into

    - Also think about what skills you want. If you want more transferable skills (e.g. excel, powerpoint) then avoid pure policy teams

    Cons

    - No long term plan for graduates. After the first two rotations you'll be on your own.

    - 18 month rotations can be very long if you are placed in bad and boring team

    - Work is seasonable in most policy team. Be prepared for long slump periods

    - Slow promotion. Don't expect to be a managerial position after the end of the programme

    Advice to Management

    Reduce the length of rotations for the GDP to reduce churn.

    Promote ambitious and energetic staff faster or you will lose them

  8. Helpful (1)

    "Assistant Economist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at HM Treasury full-time

    Pros

    Very interesting work that allows new hires to instantly be at the heart of various policy issues with a lot of responsibility. A great place to start a career in economics after university.

    Cons

    Work life balance could be very turbulent during weeks ahead of major events such as the budget or international meetings.
    Workloads can vary drastically between teams and even members within them of the same level.

    Advice to Management

    Occasionally can be difficult to propose changes from strict procedures that actually result in repeated work between teams.
    Better inductions for student economists would be advisable, as they come in wit less experience than formal graduates yet receive less initial training.


  9. "Policy advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at HM Treasury full-time

    Pros

    Involvement in real decision-making; genuine culture of open doors and interruptibility; they take your development seriously; good colleagues - not all Etonians after all.

    Cons

    Pay is not the best for Civil Service. Plenty of promotion opportunities but very little opportunity for pay increase within one grade. Frequent young graduate intakes with fast employee churn - it's easy to feel old.

    Advice to Management

    Keep listening to Range D jeremiads re. pay, or we'll keep leaving!


  10. Helpful (1)

    "Interesting high profile work, great corporate culture, poor line managers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Policy Adviser in London, England (UK)
    Current Employee - Policy Adviser in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at HM Treasury (More than 3 years)

    Pros

    Work is fascinating and high profile
    It's a fairly flat structure, so there's little hierarchy
    Very streamlined- little unnecessary bureaucracy
    HR and laptops good

    Cons

    Line managers in general were poor, particularly at range E(1) level
    Sometimes there is no work/life balance

    Advice to Management

    Find a better way to escalate line management problems


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