Bank of England Reviews | Glassdoor.co.uk

Bank of England Reviews

Updated 11 Feb 2020

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3.5
67%
Recommend to a Friend
86%
Approve of CEO
Bank of England Governor Mark Carney
Mark Carney
90 Ratings
Pros
Cons
  • "Because it's such a great company to work for, it is very difficult for career progression - nobody wants to leave(in 13 reviews)

  • "Low pay relative to rest of the City(in 10 reviews)

More Pros and Cons
  1. "Interesting and challenging work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bank of England full-time for more than 5 years

    Pros

    Structured career paths, very intelligent colleagues, meaningful mission, friendly and tight knit culture, and interesting and challenging work that has a real impact on UK public policy.

    Cons

    Hierarchical and leadership is still very male dominated, though the Bank is taking steps to address this.

    Bank of England2019-12-01
  2. "Bank of England filler filler"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Analyst in London, England
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Bank of England full-time for more than 8 years

    Pros

    Pension, holidays, flexibility, training opportunities and job security

    Cons

    Bureaucracy, Politics, Wage, Performance review process and rigid processes

    Bank of England2020-02-04
  3. "Good employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Change Analyst in London, England
    Approves of CEO

    I have been working at Bank of England full-time for more than 10 years

    Pros

    Flexible working; staff networks; good canteen; career development opportunities

    Cons

    Poor remuneration package; Hierarchical structure

    Bank of England2020-02-03
  4. "Low Pay and poor progression if not from a high social standing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Team Member in London, England
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Bank of England full-time for more than 10 years

    Pros

    Flexible working excellent. Low requirements to join entry level roles.

    Cons

    Low pay (currently being paid around 50% of market rate), if you are not upper class you will not progress past scale F, additional work pushed on team members with no reward

    Continue reading
    Bank of England2020-02-11
  5. "Friendly and interesting place to work"

    StarStarStarStarStar
    Former Employee - Research Assistant 

    I worked at Bank of England full-time

    Pros

    Interesting work with some extremely intelligent colleagues

    Cons

    Bureaucratic management process, which often stops creativity

    Bank of England2020-02-08
  6. "Ups and downs"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate 
    Approves of CEO

    I have been working at Bank of England full-time

    Pros

    Great benefits Usually a good work life balance Opportunities to move around

    Cons

    Poor progression flexibility Process driven Some management aren’t appropriate levels

    Bank of England2020-01-29
  7. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Economist in London, England

    I worked at Bank of England full-time for more than 3 years

    Pros

    Good work environment, colleagues are nice, allows flexible working.

    Cons

    The pay is low compared to the industry

    Bank of England2020-01-09
  8. "Great place for flexible working"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Agent Support in London, England

    I have been working at Bank of England full-time for more than 3 years

    Pros

    Great to have a family, understanding managers for flexible working. Good work environment

    Cons

    Bureaucracy, not easy to progress in career...

    Bank of England2020-01-20
  9. "Good employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England
    Recommends

    I worked at Bank of England part-time for more than a year

    Pros

    Stable and secure working environment with great people

    Cons

    Can be slow to accept need to change processes

    Bank of England2019-12-16
  10. "Okay"

    StarStarStarStarStar
    Current Employee - Supervisor 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at Bank of England full-time

    Pros

    Interesting job role within the sector

    Cons

    Takes years to progress in the company

    Bank of England2019-12-19

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