Bank of England Reviews
Updated Sep 11, 2021
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Found 315 of over 374 reviews
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Approve of CEO
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)
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
- Current Employee, more than 3 years★★★★★
Pros
- Good workplace culture and employee offering
Cons
- Bureaucracy can be frustrating at times
- Current Employee★★★★★
Pros
Interesting Work, nice colleagues, good work life balance
Cons
Pay is not the best for London
- Current Employee★★★★★
Pros
Work life balance and culture
Cons
Hierarchical at times, slow to adapt
- Former Employee, less than 1 year★★★★★
Pros
Guidance, important projects, salary and development opportunity
Cons
Long hours, tough tasks and low salary level
- Current Employee, more than 3 years★★★★★
Pros
Flexible, excellent work-life balance, good colleagues
Cons
Pay is far low compared to outside world
- Current Employee, more than 8 years★★★★★
Pros
Get your weekends Limited night time working
Cons
Not good at promoting minorities Very bureaucratic
Continue reading - Current Employee, more than 1 year★★★★★
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.
- Former Employee, less than 1 year★★★★★
Pros
The benefits and people are good
Cons
none that I can think of
- Former Employee, more than 3 years★★★★★
Good people and meaningful work, but appalling technology infrastructure and rigid hierarchy
RecommendCEO ApprovalBusiness OutlookPros
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.
Continue reading - Current Employee, more than 1 year★★★★★
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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