Financial Conduct Authority Reviews

Updated Dec 2, 2021

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Found 728 of over 824 reviews

3.0
43%
Recommend to a Friend
15%
Approve of CEO
Financial Conduct Authority Chief Executive  Nikhil Rathi  (no image)
Nikhil Rathi
47 Ratings
Pros
  • "There is a the opportunity for great work life balance(in 152 reviews)

  • "Interesting work that is genuinely improving the lives of UK Citizens(in 71 reviews)

  • Cons
  • "Career progression can be difficult(in 41 reviews)

  • "Decision making processes very long(in 18 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Former Employee, more than 8 years

      The most interesting and worthwhile work of my career

      Nov 20, 2021 - Anonymous Employee in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Most people I worked with at the FCA were genuinely interested in improving the UK financial system. The quality of staff is variable (of course) but the good ones are brilliant and could walk into top City roles getting paid far more. Genuine efforts to improve diversity and equality.

      Cons

      If you really care, the volume of work is exhausting. There is a very limited budget so it’s very difficult to attract and retain the best staff. Those employees who have been around the clock and perhaps lost their mojo are a real drag.

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    2. 3.0
      Current Employee, more than 3 years

      It used to be amazing

      Dec 1, 2021 - Senior Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Dedicated, kind and talented people - Interesting work that helps people

      Cons

      - Terrible pay and pay cuts ahead - Worsening conditions - Career progression is impossible - Increasingly long hours - Huge shortages of people - Extremely stressful environment

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      5 people found this review helpful
    3. 2.0
      Former Employee, more than 5 years

      A disappointing last 12 months

      Oct 24, 2021 - Manager in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Really good people, who care deeply about doing good for UK consumers. Huge ability to make a difference. Chance to do (and lead) really interesting and important stuff at a young age. New COO has made a strong start.

      Cons

      New CEO talks about transformation, but has no experience of leading it. New ExCo have no regulatory knowledge, and most seem to have been promoted way beyond previous roles externally. Language from new leadership is derogatory to current staff. Almost impossible for internal promotion in some areas. New mgmt seem to think grass is always greener outside... last 6 months have proven this catastrophically not to be true, as new hires have come in and failed.

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      44 people found this review helpful
    4. 4.0
      Current Employee, more than 1 year

      Great colleagues and work life balance

      Nov 29, 2021 - Graduate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Meaningful work and great learning opportunities for a wide breadth of roles

      Cons

      Pay progression may not be as attractive compared to industry,

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    5. 4.0
      Current Employee

      Committed people

      Nov 22, 2021 - Technical Specialist in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Interesting work, good opportunities for those new in their career

      Cons

      Poor senior leadership, unsustainable working practices

      2 people found this review helpful
    6. 3.0
      Former Employee

      A good place to gain knowledge of financial services

      Nov 23, 2021 - Senior Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Family orientated, flexible with doctor appointments, medical leave etc Great place to learn a lot about financial services Some very nice people

      Cons

      - too much toxic dead wood circling the organisation and causing chaos - some people are incompetent but have learned the FCA way to politically align themselves and escape scrutiny whilst throwing others under the bus - a lot of poor management and management styles - lack of clear career progression

      2 people found this review helpful
    7. 4.0
      Former Employee, more than 5 years

      Goodish

      Nov 19, 2021 - Senior Manager 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Nice gym and building facilities

      Cons

      Bonus has been scrapped, incompetent staff

      2 people found this review helpful
    8. 3.0
      Former Employee

      Associate

      Nov 19, 2021 - Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Benefits, Salary, Offices, option for cash payment of benefits

      Cons

      Lack of progression to senior associate from associate. Often overlooked for external candidates

      2 people found this review helpful
    9. 3.0
      Current Employee

      things have changed

      Nov 23, 2021 - Manager in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Some great people still work here

      Cons

      Transformation agenda hasnt landed well and has greatly impacted staff motivation

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    10. 2.0
      Current Employee, more than 5 years

      Not the place it used to be

      Nov 23, 2021 - Senior Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Some very good people with technical expertise - Flexibility - Good work-life balance for some

      Cons

      - An increasing number of people are only willing to do the bare minimum. - Many people do not have the requisite skills, knowledge and/or experience for their roles, meaning that a handful of more experienced people end up doing most of the work. - Very little differentiation (in terms of both pay and non-financial rewards) between those who are poor and those who are excellent at their jobs. - Little effective performance management. - Little possibility of progression or salary increase (unless you want to be a Manager). - Great inconsistency of expectations and hours worked between divisions, and these are not aligned to differences in pay. - Unfair and unrealistic allocation of work because there are so few people capable of doing many tasks (but no additional reward or recognition for these people). - Staff morale at an all-time low

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      10 people found this review helpful
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