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    Bank of England Reviews

    Updated 8 December 2018
    127 reviews

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    3.5
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    Approve of CEO
    Bank of England Governor Mark Carney
    Mark Carney
    66 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. "Bank of England"

      StarStarStarStarStar
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee

      Pros

      Great for work life balance

      Cons

      Difficult to get past hierarchy

      3. Join the Bank of England team
      See Our Latest Jobs

    3. "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

    4. "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

    5. Helpful (1)

      "BoE"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee
      Doesn't Recommend
      Neutral Outlook
      No opinion of CEO

      Pros

      Work life balance is good. Interesting work.

      Cons

      Micro management; lack of career progression; low salaries.

    6. Helpful (2)

      "A Bank in gradual decline, pointless bureaucracy, abounds."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Analyst
      Former Employee - Analyst
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at Bank of England full-time (More than a year)

      Pros

      Can camp out and do very little
      Your job doesn’t really matter as no senior accountability when things go wrong.
      Does look good on the CV.
      Pension is best in the city by some margin.
      Good for old timers on old (better) pay arrangements.
      Flexible working

      Cons

      You’ll drown in paperwork and committees, not to mention emails and meetings. Nothing will get done and you’ll have the same discussions this time next year. For those that want to get ahead and do things, the place will drain you of any energy, and you’ll slowly morph into a jaded lump of slime.

      Pay reviews are the most unfair, despite there being inordinate amount of reviews and the like. It’s exceptionally clique based despite the rhetoric.

      IT is the worst ive seen in two decades, good luck finding a laptop that actually functions.

      Canteen price gouging and quality v poor- 1.60£ for a croissant - taking the mickey.
      Hot desks...

      Advice to Management

      Remove levels b-d from the scale, disband half of all committees. Pay people based in market rates. Sack old timer coffin dodgers

    7. Helpful (4)

      "Stifling"

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

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

      Pros

      Nobody really watches what you do

      Cons

      Stifling bureaucracy, insane commitment to impenetrable acronyms, no authority to take decisions, beyond politically correct.

      Advice to Management

      Beyond help

    8. Helpful (4)

      "Fancy being an insignificant piece of a 4000 piece jigsaw?"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Technology in London, England
      Former Employee - Technology in London, England
      Doesn't Recommend
      Neutral Outlook
      Disapproves of CEO

      I worked at Bank of England full-time (More than 3 years)

      Pros

      I had a job. It paid the mortgage and bills.
      The people I directly worked with were a great bunch. Very hard working and conscientious.

      Cons

      If you want to give up your personality and become a small piece of a massive working machine, underpaid with no pay rise for many years, together with no hope of promotion then this is the perfect job.

      Stress levels are through the roof and a number of people in the department (inc. myself) were seeing the staff councillor to try and relieve the stress.

      Management attitude towards the staff is dictatorial - to say the least. Get the work done and complete unbelieveable admin work - or else!

      Want to show initiative ? Don't bother. It gets ignored and someone else (normally a manager) will have a better idea of their own.

      Too many senior staff making too many changes that directly affect the welfare of the staff with a "Its being changed for our futures"

      Advice to Management

      Trust your staff.
      Allow them some flexibility on their work life.
      Don't treat them like commodities to be used and thrown away when needed.

    9. "amazing place to work"

      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
      Neutral Outlook
      Approves of CEO

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

      Pros

      flexible working, good benefits, career progression

      Cons

      Salary is not great compared to other companies, not great bonus

    10. Helpful (1)

      "Work life balance is genuinely balanced"

      StarStarStarStarStar
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee

      I have been working at Bank of England full-time

      Pros

      Flexi-hours are respected here and you are able to work from home so there is a good balance.

      Cons

      HR is unorganised when it comes to junior staff e.g. graduates.