Lloyds Banking Group Reviews | Glassdoor

Lloyds Banking Group Reviews

Updated August 19, 2017
956 reviews

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3.3
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Lloyds Banking Group CEO António Horta-Osório
António Horta-Osório
422 Ratings

956 Employee Reviews

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Pros
  • Lloyds have a great Work-Life Balance - best amongst the London financial services institutions (in 156 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 33 reviews)

Cons
  • Pay is reflective of the work/life balance, underpaid here vs the market significantly (in 27 reviews)

  • Senior management did not seem too involved (in 49 reviews)

More Pros and Cons

  1. "friendly team and enthusiastic team leads"

    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 Lloyds Banking Group full-time

    Pros

    opportunity to express new ideas

    Cons

    no cons with this job. absolutely loved the atmosphere


  2. "Former Employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    A lot of really great coworkers and a small team

    Cons

    A lot of senior turnover and not many opportunities for junior level employees to advance

  3. "Great People but Suspect Management/line managers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - 2% Analyst in New York, NY
    Current Employee - 2% Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Most Teams have a good working environment and good opportunities for Volunteering with various charitable events

    Cons

    no incentives for growth unless lucky enough to be in a group that promotes their team, promotions aren't based on work , knowledge or effort but on who is the favorite and who has the right accent to help the company prosper in the UK. When you see new people get promoted after 2/3 years and individuals who have been working hard for 8 years and still the same title that they started with the company, something is wrong and people need to speak up

    Advice to Management

    Line Managers and Team leads need training on how to manage a team successfully, Learn to support your staff completely ( promotions, raises and honest praise and motivation ) and stop lying to everyone that our BSC's really matter and will lead to anything but time wasted filling out Head Office Read Tape!


  4. "Be prepared"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Lloyds Banking Group full-time (More than 5 years)

    Pros

    Office location in midtown is great. Some good benefits e.g number of days off. Work life balance is ok depends on each department. I've seen people staying late and working on weekends.

    Cons

    The bank is Very Very bureaucratic, be prepared. Management is not at all appreciative of your work, no leadership skills. No training budget.

    Advice to Management

    Show some appreciation to your employees once in awhile.


  5. "Large bank in constant change"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Talent Manager
    Former Employee - Talent Manager
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    If ok with ambiguity and navigating your own career organisation could be a good fit.

    Cons

    Restructures very regularly e.g. every 18 months on average.


  6. "Senior analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Nice co workers. Great environment. Great supervisor.

    Cons

    No postings for opening for advancing


  7. "Capital Markets Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    Pros

    Since Lloyds is a smaller bank in the US I got hands on experience and learned so much from high positioned employees.

    Cons

    Since Lloyds does not have a huge presence in the US, it was not the highly competitive environment as the big banks, so if I apply to other banks next year I may not be used to their environment.

  8. Helpful (2)

    "Infrastrucure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Lloyds Banking Group full-time

    Pros

    Good location in NYC to commute to.
    Friendly environment, work is not demanding, not on call only M-F, 9-5.

    Cons

    Lack of communication in upper management, information does not trickle down to lower teams that do the actual work. Lack of communication between the teams also.
    Supporting applications hosted in the UK with management having no knowledge of which of many teams in the UK to reach out to for support.
    Many times, you are left on your own to find out.
    User base is just as confused thinking the local shop is responsible for support.
    Approval process for requesting any type of access too long.
    Department head takes 2 hour lunches, comes in only 3 days a week and wonders why his department is in it's current state.
    Only complain you'll get for doing your job will be internal, the management in your team.
    No opportunity for growth.

    Advice to Management

    Definitely, better communication from management and between different teams.
    Focus more on cutting down the red tape that prevents &/or hinders day to day work flow.
    Improvement is possible if only department head can be in the office at least 4 days a week instead of 3 & not taking 2 hours lunches going to the gym.


  9. Helpful (1)

    "Good culture but limited career progression"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - New York in New York, NY
    Current Employee - New York in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good culture and learning opportunities

    Cons

    Cost cutting and inconsistencies between departments

    Advice to Management

    N/A


  10. Helpful (1)

    "US/UK culture clash in New York"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The North America business offers exposure to an end-to-end corporate banking business, all on two floors of one office building. This is a great learning opportunity for someone at the entry / junior level who wants to see the big picture and understand how all the pieces fit together.

    Cons

    - There isn't much autonomy for employees in the U.S. to operate without having to get approval from someone in the UK. UK colleagues are inherently distrustful of their U.S. counterparts. The organization tends to fill executive roles in the U.S. with expats from the UK rather than opening the opportunities to American talent, even when the roles require expertise in U.S. regulations and culture.
    - Leaders don't demonstrate the integrity or the expertise you would expect from executives.
    - Investment in systems, technology and talent is minimal and it has real impact: regardless of the function you operate in, you basically learn how to do everything manually rather than how to use systems and technology that are industry standard

    Advice to Management

    1. "Helping Britain Prosper Globally" is a turn-off for American employees
    2. Stop letting the internal audit function run the company
    3. Hold leaders accountable for egregious behavior


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