Barclays Reviews

Updated 25 April 2015
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  1. Phone Interview (Personal and Corporate Banking)

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

    I worked at Barclays

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Prestige, training, leadership, steep learning curve, mentoring

    Cons

    Stress and pressure, standard working hour or more

  2. 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.

  3. I have work experience in Banking, IT, Telecommunication Industries and delivered best of my services in Wintel Platform

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Windows Systems Administrator in Singapore (Singapore)
    Current Employee - Windows Systems Administrator in Singapore (Singapore)

    I have been working at Barclays full-time (More than 10 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    apart from salary Barclays provide other benefits too like medial coverage for all family.
    dental coverage for family.

    Cons

    Huge environment and sometime due to time zones you have to work at late hours.

    Advice to Management

    not to make much changes in the reorganization.

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  5. Just a head count

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

    I worked at Barclays as a contractor (More than 5 years)

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

    Pros

    None, might be better in other departments

    Cons

    No real management, no sharing of info from manager, no interactions from manager, no appreciation

    Advice to Management

    get rid of management who are not managers

  6. 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

  7. It was an awesome experience; definitely gained an insight on the corporate life.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Software Developer Intern in Mumbai (India)
    Former Intern - Software Developer Intern in Mumbai (India)

    I worked at Barclays as an intern (Less than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    I worked as an intern and built a utility tool. My experience was quite nice. The supervisor and the employees were really helpful and would often go out of their way to help me. Relative to my previous experience, I could say that there was definitely a difference in the mannerism and environment of the department. And it was towards the better side. As a short time intern I was, unfortunately offered no salary, but could have a lavish lunch buffet everyday. All in all I would say that though it was a month long internship, yet I got a gist of the corporate lifestyle.

    Cons

    One of the things I can seem to think of was difficulty in getting access to some folders and files due to the clearance required at numerous levels of security. Though undoubtedly necessary, it sure was time consuming!

    Advice to Management

    Keep up the good work, but the only thing I could think of during my short stint was that a travel allowance, if no fixed salary(however small but reasonable), should at least be given.

  8. Awesome organization to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in Wilmington, DE (US)
    Former Employee - Director in Wilmington, DE (US)

    I worked at Barclays

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Small Business environment - Very friendly

    Cons

    Small portfolio with large support group for the size of the portfolio

  9. Big brand but unstable

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Mumbai (India)
    Former Employee - Analyst in Mumbai (India)

    I worked at Barclays full-time (More than a year)

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Learning, good colleagues, decent growth

    Cons

    Unclear on policies, unstable, poor management, etc

    Advice to Management

    The HOD should be involved in the day to day activities of the team and not just look at getting it done. Policies are unclear and the managers need to communicate better.

  10. things are getting worse

    • 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

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    good work/life balance, nice people

    Cons

    can't keep good people, compensation no increase over years

  11. Great internal mobility if you work hard. Good pay if you make overtime as well.

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

    I worked at Barclays

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Great office in Times Square. Building is nice. Great resume builder as well.

    Cons

    Getting to know the many different departments in the organization. Bonuses have been nonexistent the past few years. Only make money in overtime if you're not front office.

    Advice to Management

    Give actual bonuses to operations employees. Have quicker promotions and hire back bob diamond. The bank used to run a lot better.

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