Barclays Reviews

Updated 13 April, 2015
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133 Reviews
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Barclays Group CEO Antony Jenkins
Antony Jenkins
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133 Employee Reviews

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  1. Unfair treatment - Suggest you apply at another bank

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

    I have been working at Barclays full-time (more than 5 years)

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Pay - buy other banks pay well

    Cons

    its a do as I say, not as I do mentality, creating a poor moral

    Advice to Management

    Abuse of company time, extra vacation days, slackers

  2. A very stressful environment

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

    I worked at Barclays full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Smart Dress
    Nice office place
    Medical Insurance
    Pension

    Cons

    Low Salary
    Sales Targets ( change of name to customer satisfaction or Solutions but still sales )
    No fair progression opportunity

    Advice to Management

    Workload balance

  3. good as a start but don't stay there for long time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in New York, NY (US)
    Current Employee - Analyst in New York, NY (US)

    I have been working at Barclays

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    work life balance ,big name as start the first job

    Cons

    almost no growth opportunities, politics, almost no travel/training opportunities

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  5. Senior management

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

    I have been working at Barclays full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    High technology systems, good profile, professional colleagues

    Cons

    Minimum increment, too much foreigners. No level playing field

    Advice to Management

    Listen to the guys on the floor

  6. Good if your permanent, not so good if your a contractor.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Hyperion Engineer in London, England (UK)
    Former Employee - Hyperion Engineer in London, England (UK)

    I worked at Barclays

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Nice building and facilities
    Lots of external training courses

    Cons

    More managers than staff
    Very hierarchy driven

    Advice to Management

    More respect and better support for junior staff members/contractors

  7. Helpful (1)

    A successful commercial bank struggling to stay in the investment banking business.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in New York, NY (US)
    Current Employee - Vice President in New York, NY (US)

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The bank has a long and rich history. Its retail and commercial banking operations are doing okay.

    Cons

    If you are contemplating a career at the investment banking division of Barclays, then you need to
    be aware of the following facts (The source of the facts can be googled easily):

        As of May, 2014, Barclays announced that it will cut 19,000 jobs by year 2016. (Source BBC News, Guardian)
        Of the 19,000 job cuts, 7,500 will be in its investment banking division. (Source Bloomberg, Yahoo Finance)
        Barclays was fined $450 million for its manipulation of the global benchmark interest rate
        (the LIBOR scandal). (Source USA Today, CNBC)
        Barcalys is currently under investigation for its manipulation of the global foreign exchange
        market. (Source Bloomberg, Guardian)

    The crucial issue, however, is that the return on equity at its investment banking division is a
    meagre 2.7% (Source Bloomberg, Barclays Annual Report), far below the bank's target of 12% and its
    other divisions.

    When the return of equity of its peer bank Royal Bank of Scotland (RBS) reached such a low level, RBS decided to phase out its investment banking business over the next four years.

    Advice to Management

    Barclays is welcoming a new Chairman Mr. John McFarlane who has a reputation of being a serious business manager (Source Wall Street Journal). The senior management needs to evaluate that reality that the bank's ill advised and poorly executed entry into the investment banking business is not exactly a success. The bank needs to devise a business plan for the investment banking division. The plan should be both sound in terms of business (saving bank in terms of cost) and fair to to its employees by giving them time to make transition in their careers.

  8. Great people, terrible culture, terrible management. Too much bureaucracy.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Barclays

    Pros

    Talented People, Vast Exposure to Markets, Living in London

    Cons

    Bureaucracy, Management, Values, Attitute, Inefficiency

  9. Average, could be better could be worse

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Systems Analyst in London, England (UK)
    Current Employee - Business Systems Analyst in London, England (UK)

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    - there is large pool of people to meet

    Cons

    - there is political warfare at barclays

    Advice to Management

    - line managers can be terrible

  10. Helpful (1)

    Never-ending bad news, layoffs = bad morale

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President - Technology in New York, NY (US)
    Current Employee - Vice President - Technology in New York, NY (US)

    I have been working at Barclays

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Compared to other investment banks, decent work/life balance.

    Cons

    Since the bank announced last May that the investment bank will be shedding 7000 jobs, the mood has been bad. Morale is poor. Annual rankings force each manager to classify 10-20% of their direct reports as "needs improvement". Anybody that gets this ranking is let go. In other words, every manager has to let go of people every year.
    The number of scandals and regulatory issues Barclays is currently involves with is embarrassing and depressing.
    Bonuses were laughable or nonexistent.

    Advice to Management

    Recognize the value the Investment Bank brings to the business.
    Stop blaming prior management for all current problems.

  11. Bank is shrinking from relevanace

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Executive in New York, NY (US)
    Former Employee - Sales Executive in New York, NY (US)

    I worked at Barclays full-time (more than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    The bank has a Team Culture

    Cons

    Excessive middle management
    Insular company - didn't work well outside its defined boundaries unlike some companies who push their boundaries

    Advice to Management

    The decision making became like cement try to move beyond the damage

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