Lloyds Banking Group Reviews in London, England | Glassdoor

Lloyds Banking Group London Reviews

Updated May 23, 2017
332 reviews

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London, England (UK)

3.3
Star Star Star Star Star
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Approve of CEO
Lloyds Banking Group CEO António Horta-Osório
António Horta-Osório
161 Ratings

332 Employee Reviews

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Pros
  • Normal large corporate environment, work life balance is also good (in 147 reviews)

  • The biggest plus working for LBG was being able to work from home 3 times a week as my role did not require me to be in the office every day (in 31 reviews)

Cons
  • The work/life balance comes at a trade-off of lower pay than you will receive elsewhere (in 26 reviews)

  • Senior management did not seem too involved (in 48 reviews)

More Pros and Cons

  1. "Infrastructure Delivery"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project/Programmer Manager in London, England (UK)
    Current Employee - Project/Programmer Manager in London, England (UK)
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Lloyds Banking Group (More than 5 years)

    Pros

    Professionalism, Colleague Support Structure, Flexibility, Supplier Management, Financial Partner, Sourcing, Design, Technical support

    Cons

    Unsociable working hours (Financial institution so understandably any impacting work does of course need to be implemented outside of standard Business hours


  2. Helpful (1)

    "An excellent company to work for, but they are unambitious and slow to adapt"

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

    I have been working at Lloyds Banking Group full-time (More than a year)

    Pros

    Excellent wellbeing culture, work from home, flexible hours, working overtime is not very common. Lots of opportunities for progression since recruiting freeze was lifted.

    Cons

    Their core value of 'keeping it simple' is misguided as management just interpret it as 'don't bother doing anything remotely technical or intelligent, even if it's worth doing'. It is a huge organisation that makes it very difficult to coordinate. Also very management heavy, needs more analysts, as these are the ones who actually do the important work. Salary is good, but not competitive, many leave for better paying banks.

    Advice to Management

    Be more ambitious with technology and statistical techniques, invest more in IT. Hire more analysts, fewer managers. Make salaries more competitive. Also project funding needs to be more flexible, if a project runs out of funding half way through the year, action is required straight away, don't drag it out until it's too late and everyone has left anyway.


  3. "Intern"

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

    Pros

    Friendly and helpful colleague, well organized intern. Senior people are willing to help. And we worked in a collaborative enviroment.

    Cons

    Base salary is relatively low compare to other intern programs. Lack of activities and events for interns to network and to meet people from different functions of the banks.

    Advice to Management

    Maybe before the start of the internship, take the safety and security training more seriously. As some intern still have confusion with the bank's security policies.


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  5. "manager"

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

    Pros

    Great benefits, great salary, lovely people and great company

    Cons

    no cons wonderful company to work for


  6. Helpful (1)

    "Money Market, Derivatives and FX Trader"

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

    I worked at Lloyds Banking Group full-time (More than 10 years)

    Pros

    Great people working with in the company, some good benefits after reaching VP level.

    Cons

    Lost its identity from when it was originally Lloyds Bank due to the constant mergers and lack of staff with the original ethos.

    Advice to Management

    Revert back to original style of management (Lloyds Bank prior to TSB merger) whereby it was so much more personal. Nowadays it is cold, clinical with colleagues now just numbers rather than staff/people.


  7. "DUE DILIGENCE MANAGER"

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

    Pros

    very good potential for progression

    Cons

    Not very friendly teams and training mundane


  8. "Working at Lloyds"

    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
    Positive Outlook
    Approves of CEO

    Pros

    Large company, lots of opportunities

    Cons

    Lack of new systems and processes

    Advice to Management

    Invest in new systems


  9. "Good environment"

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

    I worked at Lloyds Banking Group full-time (More than a year)

    Pros

    Good flexible working, friendly managers

    Cons

    bad rating system. Some senior managers are "career managers"


  10. Helpful (1)

    "Too many cooks"

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

    I have been working at Lloyds Banking Group full-time

    Pros

    Good people, nice place to work - when you settle in a building for longer than 6months!

    Cons

    Too many departments duplicating the work of others, no clear career pathways or progression leading to good people leaving.

    Advice to Management

    Talk to staff about opportunities and progression rather than holding forums and sending newsletters.


  11. "LBG"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Finance Manager in London, England (UK)
    Current Employee - Assistant Finance Manager in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Lloyds Banking Group full-time (More than a year)

    Pros

    Good people around with lots of expertise, good work life balance, excellent place to experience cooperate environment. Lots of opportunities within the group.

    Cons

    Little career progression due to constant restructure, poor job security, stuff generally feels demotivated, package could be better. In some business area, it can be very long hours.

    Advice to Management

    Constantly change business model will make the company lose lots of talented stuff


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