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No fringe benefits but people friendly

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

I have been working at Barclays Capital as a contractor for more than a year

Pros

Good pay, people are relatively friendly to work with, not as beaureucratic as other IBs I've worked in

Cons

No staff benefits - i.e. no teabags or milk! everyone has to keep stashes of teabags, sugar, salt, pepper in their drawers, it's ridiculous

Advice to ManagementAdvice

Little things like some snacks or employees benefits like team events make people happier when you don't give them bonuses

Recommends
Positive Outlook
No opinion of CEO

Other Reviews for Barclays Capital

  1.  

    IT is becoming a commodity

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

    I have been working at Barclays Capital full-time for more than 5 years

    Pros

    Salaries, at least for legacy people, are competitive

    Cons

    Barclays has chosen not to be "exceptional" but to strive to lowest common denominator
    Many groups have STRONG Lehman bias if senior management is from Lehman
    Discontinuation of Pension plan remove any reason to be "loyal" considering Barcap is not doing anything to differentiate it from it's peers as a "special" place to work
    IT is becoming "commoditized". Push to "outsource" IT work, even that with specialized finance knowledge and front office roles, to India under euphemism "Location Strategy".
    Crazy requirement of 1 month notice for AVP and below and THREE MONTHS for VPs and above. Company is VERY aggressive in enforcing this.
    Also, theoretically, this notice should go both ways, severance pay for those laid off incorporate this 3 month pay so in reality, company has its cake and can eat it too regarding holding you by the short hairs.
    Internal mobility highly touted, but is a joke. Unless you know somebody, you will not get a reassignment via "official" channels. In fact, hiring managers most often don't even respond to internal mobility requests.
    Most people have not had salary increase in 4 years and decreasing bonuses.
    Forces grading curve is not fair for smaller groups and favoritism in these group make it impossible for "good" performers to advance unless they are a "golden" boy/girl.

    Advice to ManagementAdvice

    You have become penny-wise and pound foolish. Wake up and look around. Policies encourage good people to leave and bad people to try and stay.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Totally Boring Back Office Dump Hole

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

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

    Pros

    Pay is good
    Initial training is not bad

    Cons

    Work life is crap
    Hardly any development or opportunities
    Work is boring
    Culture is one of the worst I have seen
    Absolutely no good exit points

    Advice to ManagementAdvice

    Get a life

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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