Barclays
3.1 of 5 427 reviews
www.barclays.com London, United Kingdom 5000+ Employees

Barclays Reviews

Updated Mar 24, 2014
All Employees Current Employees Only

3.1 427 reviews

                             

75% Approve of the CEO

Barclays Group CEO Antony Jenkins

Antony Jenkins

(111 ratings)

60% of employees recommend this company to a friend
44 Employee Reviews Back to all reviews
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Review for barcap capital

Anonymous Employee (Current Employee)

I have been working at Barclays full-time

ProsKnown Investment bank
Good on your resume

Consnot stable
Hire and fire culture

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Management does not care about work life balance and your career is determined by managers' internal politics

Vice President (Current Employee)
New York, NY (US)

I have been working at Barclays full-time for more than 3 years

ProsCan provide a decent (not great) learning platform

Consincumbent people, politics, blatant disregard of anyone below management and low pay despite tough working conditions

Advice to Senior ManagementPlease try to be more aware of how things are managed and employees paid below the MD level

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Not good

Anonymous Employee (Current Employee)

I have been working at Barclays

ProsIt is better to work for Barclays overseas, rather than in India. In US/UK, the company has a decent brand name, and benefits from a strong local leadership team in the major geographies that it operates in. Conservative in its market posturing, it is doing reasonably well from a financial and strategy points of view.

ConsIn India, the main issue for Barclays is terrible leadership. Lack of transparency, ethics, professionalism. Performance appraisal is simply an eye-wash. Ratings and bonus are not determined by (a) the quality of work you do (b) the value you have generated for the company, but by other factors (read nepotism, cronyism, bias). HR best practices and leadership best practices are routinely flouted, because you can get away with the same. There is a tremendous culture of change resistance, innovation simply cannot happen because it will either be stalled because of vested interests, or, because leadership support will not be there. Strategy and management changes too frequently. Inadequate technical training for high end, high skill jobs.

No, I would not recommend this company to a friend

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Pathetic

Collector (Current Employee)
Manchester, England (UK)

I have been working at Barclays part-time for less than a year

ProsSome great people.
Good pay initially but limited opportunities for bonus.
Some excellent managers and colleagues, overshadowed by incompetence elsewhere.

ConsDisorganised, disintegrated, disempowered...
Treated as just another payroll number.
Supposedly cost-conscious but hugely wasteful organisation.
Continual communication about 'business change, values' etc with lack of input and ownership by all levels of management.
Top down approach results in demotivated colleagues.

Advice to Senior ManagementFocus on getting the basics right.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Initially it was excellent but you soon realise you are just a number and their 'values' count for nothing. T

Director (Current Employee)
London, England (UK)

I have been working at Barclays full-time for more than 8 years

ProsGreat people in the Branches and they really want to help customers. They are trying hard under extremely difficult circumstances. They are being replaced by machine's and having to work harder each day. It was a great environment but slowly that is eroding.

ConsSenior Management have no concern for the actual people and they think they can do whatever they like. They consistently want staff to work longer and longer under extreme circumstances. Retail Banking is a dying industry and Branches will be closing even though they have denied it to the media.

Advice to Senior ManagementYou need to really look at your 'Values' and decide whether you are living by them. To often if you have an option they definitely goes against you. You need to a be a 'yes' person and do as you are told.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Average

Vice President (Current Employee)

I have been working at Barclays full-time for more than a year

ProsLess demanding and Generous leave policy (30 annual leaves + sick leave). People agenda, Recommend for people looking for retired lifestyle

ConsLow on values and talent. Lack of responsibility flows from the top. Projects get delayed every time and no one is responsible. Slow paced. Frequent changes at management level which reflects in regular changes to vision and strategy. This is not the place for ambitious people it could be very frustrating. Terrible work culture and no openness to learn from other banks. Too much importance for people agenda

Advice to Senior ManagementTake initiative, have clear vision and strategy, lead from the front, recognize talent and give importance to genuine contribution, veterans suck

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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On-going redundancies at Barclays seriously affecting morale

Assistant Vice President (Former Employee)
Singapore (Singapore)

I worked at Barclays full-time for more than 3 years

ProsPeople at the firm are generally cooperative and helpful.

ConsNo job security due to current focus on cutting costs and shifting staff headcounts to offshore centers.

Advice to Senior ManagementNeed to better manage budgets and costs without excessive job cuts. Offshoring has its limits will directly affect the company's reputation and overall competitiveness.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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A horrendous place to work, both professionally and personally

Anonymous Employee (Former Employee)

I worked at Barclays full-time for more than 3 years

Pros[Depending on your role] you can be reasonably well-paid (caveat: if your management chain wants you to be - see cons)

Cons1. Total absence of senior-level leadership, none.
2. Seemingly no collaboration between senior managers - often blatant hostility. As a result more junior team members have to force cooperation and results from other teams without senior management buy-in and often will be openly blocked.
3. The culture at Barclays is driven by job retention, earnings, and fear of exposure among the senior executives, meaning that cronyism, patronage, and bias is rampant.
4. Ability, impact, and quality of work is irrelevant. All that matters is how your management decides your face fits during the notorious consistency meetings.
5. If your face doesn't fit you can expect to be managed out (by lack of patronage, zero career development support, slashed bonus).
6. Bullying is pandemic and brutal - and can be shockingly open. Instances of whistleblowing being openly discouraged and warned against by senior managers. HR not trusted.
7. Staff dissatisfaction and turnover is massive - everyone in my team, and many others who I worked closely with, were looking for jobs elsewhere all the time. We celebrated those who succeeded.
8. Air of total depression among middle management (B5-B7).
9. Everyone acknowledges the total stagnation which has come about through the impenetrable defensiveness and politics within the business - so many good ideas and beneficial strategic decisions are blocked due to senior politics and personalities, along with constant 'playing with the numbers' to twist reports to meet the desired conclusion, even if factually untrue.

Advice to Senior Management1. Lead. Do some work - actually engage with each other professionally, agree on strategic issues and create conditions where your respective teams can then collaborate and execute, without having to spend months arguing over what each other's managers want.
2. Have a look at the cons and decide firstly whether you think they can be fixed - then whether you want them fixed.

No, I would not recommend this company to a friend

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Pathetic!!!!

Anonymous Employee (Current Employee)

I have been working at Barclays

ProsNo pros at all. You will learn how to survive thats it.

ConsNo vision. Management doesnt value talent. They are all self centered with no appreciation for humans. Its only about cost.

Advice to Senior ManagementBecome human!

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Poor management

Anonymous Employee (Current Employee)

I have been working at Barclays full-time for more than a year

Proswork from home capability... when you're sick

Consmanagement, hours, pay, terrible bonus

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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