HM Treasury Reviews in United Kingdom | Glassdoor

HM Treasury UK Reviews

Updated January 5, 2017
37 reviews

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United Kingdom

3.3
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HM Treasury Chancellor George Osborne
George Osborne
9 Ratings

37 Employee Reviews

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  1. "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.


  2. "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


  3. "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!


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  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. Helpful (3)

    "Revolving Door"

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

    I worked at HM Treasury full-time

    Pros

    Great opportunity to work with some incredibly intelligent people at the forefront of issues facing the UK.

    Cons

    Work life balance varies greatly and is dependent on manager and director. The lack of consistency is frustrating. Pay level is quite low and the rigidity of roles means a hard slog.


  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. "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


  10. "Great exposure to workings of central government"

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

    Pros

    Very intelligent, hard working civil servants, exposure to all key policy areas in Government, can support with key fiscal events

    Cons

    Limited exposure to industry, salary not competitive


  11. Helpful (4)

    "Great exposure and responsibility, albeit at the cost of poor management and staff development"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at HM Treasury full-time

    Pros

    - Great and early exposure to important national affairs, including fiscal, economic, and financial policies
    - Relatively flat management structure means early graduates will take on great responsibility very early on
    - Interesting place to work, with a huge variety of policy areas despite the small staff size

    Cons

    - The Treasury is well-known to have high attrition rates; senior civil servants have repeatedly confessed that the average Treasury Official works slightly below 18 months before leaving (applies to whole department)
    - By way of evidence: the Treasury has a spending team dedicated to 16 Whitehall departments; 4 months into my employment 8 leads already left the Treasury
    - Often poor management with managers often operating within silos and aloof of context and smaller details due to high pressures inherent within their jobs
    - 'Treasury type' is very much a real thing - young, aloof policy generalists who have poor understanding of their policy areas and attention to detail
    - Often poor learning & development - newcomers are often (albeit not always the case) thrown straight into difficult circumstances with poor advice and context, which often entails a sense of being 'set-up to fail'

    Advice to Management

    - Stronger managerial training for its senior policy adviser roles
    - Stronger retention strategy that benefits both employer and employee to build long-lasting capability
    - Stronger policy to counter enduring 'Treasury' culture, which has been a source of criticism from within and outside the Treasury



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