Lloyds Banking Group Reviews | Glassdoor

Lloyds Banking Group Reviews

Updated July 21, 2017
934 reviews

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

934 Employee Reviews

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Pros
  • Lloyds have a great Work-Life Balance - best amongst the London financial services institutions (in 153 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 32 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. "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


  2. "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!

  3. "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.


  4. "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.


  5. 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.


  6. 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


  7. Helpful (5)

    "Worst job ever!"

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

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

    Pros

    None whatsoever. Horrible take over of bank of scotland. One pro could be that if it rained outside, you could stand in the building.

    Cons

    Takeover by lloyds was an absolutely nightmare. Management team arrogantly took over my company with their pompous attitudes. Showed no respect for the existing team. Hated everything about them. They thought they were the better team -not!! The entitlement attitudes of the lbg minions were disgusting. I h ave never ever never ever work for a more bunch of uk self-loathers in all my life. They were lizards in the true form of bluebloods. They are an awful bunch! The con is them!

    Advice to Management

    Lbs was a disaster to our new york and regional offices. Everything was fine until you uk lizards came over and destroyed a perfectly good company. You destroyed people's lives and a wonderful place to work. You should be ashamed of yourselves - you selfish lizards. Are you happy now? The new lbg management that initially came over are no longer there!!?? Then i ask, what the point was. The original bos exec team could have stayed. Now that was a total waste of time. Lbg are the epitome of useless users.

  8. "Senior analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in New York, NY
    Current Employee - Senior Analyst in New York, NY
    Doesn't Recommend

    Pros

    The have Great Benefits 45 days off for the year

    Cons

    They lead you on making you think they are going to put you full time an then they don't. The people ion the team are real stuffy they do not act like a team!

    Advice to Management

    Get a better team, treat people fairly


  9. Helpful (2)

    "Stay Away"

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

    I worked at Lloyds Banking Group full-time (More than 3 years)

    Pros

    Convenient midtown location and if you want to work in the UK you could have an opportunity to do a three month exchange (if you work in the right department i.e. client facing).

    Cons

    The career opportunities are very poor. It is extremely rare for an analyst to progress past Assistant Vice President or into any kind of revenue generating position. Every year management boasts about strong performance in North America yet the bonus pool gets smaller and smaller. Not receiving a bonus is not unheard of. Management lacks rudimentary leadership and simply does not engage with staff. Another reviewer said it best: management is entirely focused on landing the next big job back in the UK. Locally hired managers are selected based on how they fall in line and how often they go for drinks with the UK expats. Worst of all, managers who consistently under perform are not replaced unless they get themselves fired by doing inappropriate things at the Christmas party.

    Anyone considering Lloyds should continue looking. Do not waste your time. This is a dead end kind of a company. As a former employee, my LinkedIn inbox is constantly filled with requests from former employees to meet and discuss how to get out. Do yourself the favor and don't even get involved with this pathetic group of Pom's.

    Advice to Management

    Why bother. This group has received honest advice from well meaning employees but nothing has changed. Pay is still poor. Culture is still bad. Opportunity is still non-existent.


  10. Helpful (2)

    "Lloyds Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Gilbert, AZ
    Former Employee - Project Manager in Gilbert, AZ

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

    Pros

    Nice offices, good people. opportunities to progress internally

    Cons

    Upper management / board level are uncaring, old fashioned and very conservative in their thinking. Not a progressive company.


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