HM Treasury Reviews | Glassdoor

HM Treasury Reviews

Updated June 22, 2017
23 reviews

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4.0
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HM Treasury Chancellor George Osborne
George Osborne
5 Ratings

23 Employee Reviews

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  1. "Summer HR/GES Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Intern
    Former Employee - Summer Intern

    Pros

    Relaxed work environment with the opportunity to work very flexible hours and from home. Some nice government benefits.

    Cons

    The idea of government bureaucracy is real, things can move very slowly and collaborations with other departments can be disappointing.

    Advice to Management

    Work on better communication between government departments to help streamline processes within the treasury.


  2. "Slick operation"

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

    Pros

    Very slick operation
    Strong management
    High performing colleagues
    High level of influence

    Cons

    Can be a high pressure environment, particularly during fiscal events


  3. "Interesting Place to work but lacks flexibility."

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

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

    Pros

    Good experience of Banking and public sector

    Cons

    No clear career path and bureaucracy.


  4. "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.


  5. "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


  6. "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


  7. "Deputy Director"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    lots of responsibility, great staff

    Cons

    long term career options within organisation


  8. "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


  9. "Salary"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Exposure and ability to work on matters of national significance

    Cons

    Salary is not at par of what you could earn in the private sector


  10. "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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