FCA Reviews | Glassdoor.co.uk

FCA Reviews

Updated 10 January 2019
253 reviews

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3.4
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FCA CEO Andrew Bailey
Andrew Bailey
97 Ratings

Employee Reviews

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Pros
  • "Excellent work-life balance and a very collegiate place to work" (in 93 reviews)

  • "Interesting work and lots of variety" (in 34 reviews)

Cons
  • "The move to Stratford is not liked by the majority of staff" (in 15 reviews)

  • "Very limited career progression (with some exceptions)" (in 22 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (11)

    "Great employer, offering really good overall salary packages and an opportunity to make a difference"

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

    I have been working at FCA full-time (More than a year)

    Pros

    Extremely employee friendly - employment conditions are very, very good and there are a lot of training and development opportunities.
    Massive emphasis placed on diversity and inclusion, even though there’s still more to be done (as pretty much every big organisation).
    Real opportunity to make a difference. The FCA is internationally renowned for its work and has a huge impact on how the entire financial services sector operates. Working here you really feel like you can help people in a significant way.
    Glossy new building and technology being introduced. It’s about time with the technology, but by August everyone will have a new tablet laptop, a sit-stand desk, and we’re finally properly enabling remote working and going paperless.
    Really welcoming and insightful colleagues. The FCA has so many people that really understand their field that you’re never short of someone to explain some bit of financial arcanery to you.
    Overall salary package is really strong. If you look past the basic salary, there’s a really good pension and other benefits, plus the bonuses are very good, especially for high performers.
    Looks great on your CV. There are so many people who move on to big jobs from here, so it can be a great stepping stone into big banks, etc.

    Cons

    The old tech (which is being phased out, see above).
    Pretty process-heavy. Even senior leaders recognise the organisation has too many internal sign-offs and could be much quicker. I wouldn’t expect it to be that long before this is addressed, even if it might take a while to change fully.

    Advice to Management

    Make decision-making leaner. And keep pushing to break down silos.


  2. "Pretty good"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FCA full-time

    Pros

    Great culture and work five

    Cons

    none that I can think of.

    Advice to Management

    Keep up the good job.

  3. Helpful (1)

    "High attrition - for good reason"

    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
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at FCA full-time (More than 3 years)

    Pros

    Work life balance (with some exceptions)
    Non-financial rewards (BUPA etc)
    Opportunities for very interesting work
    A job which is relatively immune to economic downturns

    Cons

    Very limited career progression (with some exceptions)
    Poor financial rewards relative to equivalent roles in banks
    Location
    Highly bureaucratic and micromanaging environment. This can be expected with the regulatory territory.

    Advice to Management

    The FCA needs to change with the times. Listen to your staff more, especially associates. Recruit more people from industry. Pay bands need to be revised against market and quality internal applicants should have less restrictions on pay increases upon internal moves and promotions. You have some good people that all work hard to deliver in the interests of the FCA objectives, but this may change unless you can continue to retain and attract the best talent.


  4. "Recruiter"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FCA full-time

    Pros

    great environment, inclusive culture, known brand

    Cons

    none at the present time


  5. Helpful (1)

    "Good and happy work place"

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

    I worked at FCA full-time (More than a year)

    Pros

    Good work-life balance. Friendly people and well-resourced.

    Cons

    The pay levels are quite low.

    Advice to Management

    Give people on lower levels a clearer idea of how to progress their careers within the organisation. It seemed quite opaque.


  6. Helpful (3)

    "Lack of progression and poor talent management"

    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
    Approves of CEO

    I have been working at FCA full-time (More than a year)

    Pros

    -Great people work in the teams around the organisation
    -Technology is slowing catching up with introduction of tablet laptops
    -COO has moved entire FCA to new office and introduced better ways of working
    -Good perm benefits selection including healthcare and NC pension

    Cons

    Poor career progression
    Weak Human Resources team who set policies rather than guide management on getting the best from people
    Internal candidates who are successful in getting another role are paid less than advertised external rates
    People managers at the FCA for the most part don't have any people management skills and/or experience

    Advice to Management

    -Employ better people managers with natural leadership ability
    -Break down silos across the organisation
    -SLT should hotdesk with the rest of the organisation on occasion
    -improve HR function to improve FCA culture and talent
    -pay internal candidates the same as external and stop capping pay at time of promotion
    -get more involvement in recruitment of cafe staff for customer service skills as this is affecting staff productivity and happiness


  7. Helpful (1)

    "Limited career progression"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate
    Current Employee - Associate

    I have been working at FCA full-time (More than 5 years)

    Pros

    Interesting work and lots of variety

    Nice office/facilities and new building

    Cons

    Location

    Unclear career progression routes

    Poor line mgmt

    Advice to Management

    Clearer career routes

  8. "treat staff better"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FCA full-time

    Pros

    good benefits and nice building

    Cons

    no progression also passive agressive

    Advice to Management

    more opportunities to go up the ladder


  9. Helpful (1)

    "Senior Associate"

    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
    Positive Outlook
    Approves of CEO

    I have been working at FCA full-time (More than 3 years)

    Pros

    Work life balance, bonus, benefits

    Cons

    Poor technical skills in management, people management is hit and miss

    Advice to Management

    Learn your subject areas, lead by example. Don’t forget your core role is to manage others and not extra curricular projects that raise your profile


  10. "Great people; excellent place to develop knowledge and build a career path"

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

    I have been working at FCA full-time (More than 8 years)

    Pros

    The people are great - 99% are genuinely collegiate, constructive and a pleasure to work with.
    It’s a fabulous place for building knowledge and a career path. I started as a relatively junior associate and progressed regularly through promotion including really good pay rises. I built a specialism and moved between divisions to get wide exposure. It’s 100% down to the FCA that I’m now a sought after candidate for prominent industry in house roles.

    Cons

    It’s a big place and things aren’t always as efficient as they could be. Lots of layers of approvals for even small things and too much micromanagement by ExCo members who want to see and approve everything under their remit. Some of this is necessary due to the importance of ensuring as a regulator that the FCA’s work and messaging is properly controlled. But some is way out of proportion on small items like simple letters. However, at associate level one expects to need management approval for one’s work so it’s easier to bear. Once in management it becomes more frustrating as very little is left in middle management hands to truly oversee independently.

    Advice to Management

    See Cons above. Senior execs need to stop insisting on detailed review of every single thing and let managers and heads of department exercise genuine delegated authority where appropriate.