Bank of England Reviews | Glassdoor.co.uk

Bank of England Reviews

Updated 18 March 2019
133 reviews

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3.4
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Approve of CEO
Bank of England Governor Mark Carney
Mark Carney
68 Ratings

Employee Reviews

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Pros
  • "Great work life balance, good analysis" (in 44 reviews)

  • "Great culture, very little hierarchy (at least in SRS), real commitment to flexible working (in part a pragmatic response to desk shortage)" (in 16 reviews)

Cons
  • "Because it's such a great company to work for, it is very difficult for career progression - nobody wants to leave" (in 10 reviews)

  • "Low pay, limited career opportunities" (in 8 reviews)

More Pros and Cons

  1. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Assistant in London, England
    Current Employee - Personal Assistant in London, England
    Recommends
    Positive Outlook

    I have been working at Bank of England full-time (More than a year)

    Pros

    - Treats everyone fairly
    - career growth
    - benefits

    Cons

    - pay is low
    - development for admin not great

    Advice to Management

    Nothing to add


  2. "Technical Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Bank of England full-time

    Pros

    colegate, intellectual and ability to gain strategic view.

    Cons

    poor management and department back biting

  3. "Great place to work at times. Restrictive policies on progression and pay do not suit ambitious individuals."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Administrator in London, England
    Current Employee - Data Administrator in London, England
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bank of England full-time (More than 3 years)

    Pros

    Interesting work at times
    Great work life balance
    In house gym and GP facilities
    Good overtime and inconvenience payments in certain areas
    25 days annual leave as standard, can buy an additional 13 days + Bank holidays.

    Cons

    Progression opportunities differ massively between divisions and teams. Very dependent on attitude of senior manager / head of division.
    Pay significantly lower than private sector - to be expected.
    Have to stay in role for 2 years before being able to apply for lateral move or promotion.

    Advice to Management

    Excessive number of policies in place to ensure promotion and pay is fair across the Bank, although policies followed inconsistently by different areas of the Bank. Either crack down and ensure that policies are followed by all or remove policies.


  4. "Great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bank of England part-time

    Pros

    Worked on project team at university

    Cons

    Pay was not the best


  5. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bank of England full-time

    Pros

    Good hours and work life balance

    Cons

    Dull work and not well structured

    Advice to Management

    Give interns more meaningful work


  6. "Flexible working hours"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in London, England
    Current Employee - Senior Associate in London, England
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Bank of England full-time

    Pros

    Very stimulating environment, good technical experience and very challenging stakeholders

    Cons

    Quite difficult culture, there are significant difference in different areas


  7. Helpful (3)

    "Aggressive management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Bank of England full-time

    Pros

    Employee perks, could amount of annual leave.

    Cons

    Aggressive management structure, poor performance review system that turns colleagues against each other. Sackings or formal warnings if you don’t meet your ‘streach objectives’ such as working unpaid overtime.

    Awful company.

    Advice to Management

    Treat staff with respect, pay them for overtime and buy don’t make it a requirement to do it. Get rid of the PRS system, it causes way too much conflict & depression/ anxiety with staff.

  8. "Bank of England"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great for work life balance

    Cons

    Difficult to get past hierarchy


  9. "Good but monotonous"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bank of England full-time

    Pros

    - Good salary
    - Lots of opportunity
    - Good team environment

    Cons

    - Flexible working is division dependent


  10. "Started out good"

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

    I worked at Bank of England full-time

    Pros

    Nice building, nice colleagues , good work life balance and benefits

    Cons

    Slow moving and a blame culture