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    Bank of England Reviews

    Updated 18 March 2019
    133 reviews

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    3.4
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    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. Join the Bank of England team
      See Our Latest Jobs

    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