Bank of England Reviews

Updated Sep 11, 2021

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Found 315 of over 374 reviews

3.9
83%
Recommend to a Friend
82%
Approve of CEO
Bank of England Governor Mark Carney
Mark Carney
134 Ratings
Pros
  • "Good work life balance for employees(in 76 reviews)

  • "flexible working hours and specific tasks(in 35 reviews)

  • Cons
  • "Slow career progression/strict HR policies(in 15 reviews)

  • "Less well paid than private sector, still slightly hierarchical(in 13 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee, more than 3 years

      Great Employer

      Sep 10, 2021 - Senior Supervisor in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Good workplace culture and employee offering

      Cons

      - Bureaucracy can be frustrating at times

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    2. 4.0
      Current Employee

      Great place

      Sep 11, 2021 - Economist in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Interesting Work, nice colleagues, good work life balance

      Cons

      Pay is not the best for London

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    3. The latest conversations about Finance

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      Finance

      3y

      works at 

      JPMorgan Chase

      Anyone else hate banking lingo and make fun of it, but as soon as a discussion starts you say "we dont want to boil the ocean here". Fml. Whats your most despised finance phrase?

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    4. 5.0
      Current Employee

      Good employer

      Sep 1, 2021 - Senior Economist in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work life balance and culture

      Cons

      Hierarchical at times, slow to adapt

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    5. 5.0
      Former Employee, less than 1 year

      Review

      Aug 25, 2021 - Research Assistant in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Guidance, important projects, salary and development opportunity

      Cons

      Long hours, tough tasks and low salary level

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    6. 4.0
      Current Employee, more than 3 years

      Good work place

      Aug 22, 2021 - Research Assistant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexible, excellent work-life balance, good colleagues

      Cons

      Pay is far low compared to outside world

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    7. 3.0
      Current Employee, more than 8 years

      Beaucratic with decent work life balance

      Aug 31, 2021 - Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Get your weekends Limited night time working

      Cons

      Not good at promoting minorities Very bureaucratic

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    8. 5.0
      Current Employee, more than 1 year

      A great company to work!

      Aug 5, 2021 - Procurement Analyst in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      A great company to work for with great benefits and training available. Staff are treated well with a great work life balance!

      Cons

      Lower basic salaries than private sector but more structured in terms of roles and given lots of opportunity for studying which is paid for by the bank and various other benefits within the salary package that total a private sector basic salary.

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    9. 4.0
      Former Employee, less than 1 year

      IT Apprentice

      Aug 1, 2021 - IT Apprentice in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The benefits and people are good

      Cons

      none that I can think of

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    10. 4.0
      Former Employee, more than 3 years

      Good people and meaningful work, but appalling technology infrastructure and rigid hierarchy

      Jul 26, 2021 - Analyst in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I worked in PRA supervision. Work life balance is good. Work is interesting. Lots of good exit opportunities and good external exposure.

      Cons

      There are lots of very average managers in management positions. Lots of people work at the Bank of England for life and often lack motivation as well as management skills. Technology infrastructure is incredibly slow and bad. Internal tools are antiquated, slow, unhelpful, and frustrating to use. Graduates not able to apply until they had completed 3 years and 3 months of employment.

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    11. 3.0
      Current Employee, more than 1 year

      Good employer however gender pay issues

      Aug 7, 2021 - Associate in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Interesting work. Smart people. Great pension. Lots of areas to move around/transition to. A good work/life balance and positive culture.

      Cons

      Arbitrary rules on promotion - must stay two years in each role and that was not communicated at recruitment stage. Clear issues around pay for women. Told I was ‘benchmarked’ but I later found out I was paid less than male colleagues who performed less well in reviews.

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