Financial Conduct Authority "career progression" Reviews | Glassdoor.co.uk

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Financial Conduct Authority Employee Reviews about "career progression"

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19 Employee Reviews

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  1. "Senior Associate"

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

    I have been working at Financial Conduct Authority full-time (Less than a year)

    Pros

    Great friendly atmosphere and opportunity to learn. Career progression is actively encouraged within the division and organization as a whole.

    Cons

    A hierarchical structure means decision making is made up the tree with limited executive power for senior associates. Joining process took forever!


  2. Helpful (2)

    "Good work/life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Financial Conduct Authority full-time

    Pros

    Good work/life balance
    Great benefits
    Friendly colleagues

    Cons

    Bureaucratic
    Lack of career progression
    Political
    No consultation regarding move to Stratford

    Advice to Management

    Create more development opportunities, and career progression should be based on merit and not 'who you know'.


  3. "Good benefits and career progression"

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

    I have been working at Financial Conduct Authority full-time (More than a year)

    Pros

    Great benefits and career progression opportunities after one years service

    Cons

    Social diversity can be improved in certain business areas but know this is something resourcing is working on


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  5. "Review"

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

    Pros

    Diverse range of people and work

    Flexible Benefits

    Pension Scheme

    Cons

    - Lack of transparency
    - Lack of accountability
    - Lack of trust
    - Very difficult to get an answer sometimes, you often have to go through several channels of communications to get an answer when in fact speaking to that one person will get you the answer straight away.
    - Too bureaucratic
    - Move to Stratford
    - Politics get in the way too often to get things done
    - Some rules tend to only apply for Managers and not at all / very limited to direct reports.
    - Not many opportunities to move up. Limited career progression. Most tend to be sideways moves which prove no benefit to personal development, so you end up doing the same thing for several years
    - Antiquated IT systems
    - Not making use of the right people with the right skills from internal candidates.

    Advice to Management

    Put trust in what your employee's do and be more transparent with things that are going on. People talk, and you're not doing your team / department any favours by hiding this from them.


  6. "Only good to get off the mark"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Financial Conduct Authority full-time

    Pros

    easy work; great hours; flexible; can work from home; job security

    Cons

    zero training or development; treated as 'just' a paralegal; no respect; work entirely unchallenging; career progression to rigid; terrible pay; stunted by politics;

    Advice to Management

    invest in the staff and you might not have such a high turnover


  7. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    Pros

    People, Sense of purpose, Work-life balance

    Cons

    Culture
    Lack of pay rise
    No career progression
    Performance is rewarded based on profile of work


  8. Helpful (1)

    "Excellent work life balance"

    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 Financial Conduct Authority full-time (More than 5 years)

    Pros

    I have worked at the FCA for almost six years. I began on the rotational graduate scheme which has turned out to be an excellent place to begin my career. The opportunity of an external secondment to the private sector is really what distinguishes the FCA is an employer.

    Cons

    There is limited career progression. Many employees have to spend time in the industry before returning to the FCA to progress. Pay is obviously lower than the private sector.


  9. Helpful (1)

    "Worst regulatory body to work for"

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

    I worked at Financial Conduct Authority full-time (Less than a year)

    Pros

    Good on CV, competitive career progression but better chance to obtain entrance to the academy internally

    Cons

    Poor HR department; incompetent on boarding team, lack of support


  10. Helpful (3)

    "Dead-end job but little pressure"

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

    I worked at Financial Conduct Authority full-time

    Pros

    Work-life balance. Nobody needs to work hard (and there's precious little reward for doing so). Easy to "work from home" at least one day a week and casual sickness not only tolerated but in come cases encouraged.
    Staring salary/benefits for external recruits is good (but see below).
    Very inclusive to minorities and LGBT.

    Cons

    Almost no career progression possible.
    65% of staff got no pay rise at all (ZERO) in 2016.
    Dreadful old-fashioned management structure means anybody below HoD or Manager (including so-called Technical Specialists) is largely ignored.
    Proposed move to Stratford is a disaster already unfolding.

    Advice to Management

    Mean it when you say that you want to break down silos and do something real to bring it about. Pointless waffle like the "FCA Mission" fools nobody.


  11. Helpful (1)

    "Not Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate B in London, England
    Current Employee - Associate B in London, England
    Doesn't Recommend
    Negative Outlook

    I have been working at Financial Conduct Authority full-time (More than 3 years)

    Pros

    Good people you work with.
    Good location
    9 to 5 Hours
    Good Benefits

    Cons

    Rampant cronyism
    Poor Team leaders who spend more time blaming you than fixing the issues
    Poor overall management with poor communication between staff, team leaders and management.
    Vindictive attitude to staff (Micro aggression, Micromanagement and Gas lighting)
    Poor career progression and utilisation of talents with staff that leads to dead end feeling or finding others promoted or utilised without clear reason.
    Care and concern of the mental and physical welling of the staff is sadly lacking and shows a major lack of empathy leading to escalations of issues in the workplace, this turns a already busy and stressful environment into a hostile one.
    Staff are treated like a burden that the FCA needs to whip into shape but there is no end to this and you will quickly find that your always wrong by default. This leads to never feeling like you have achieved something even after many years.
    Training is inconsistent both in information and distribution. meaning different information is passed to new people but is never trickled down to older staff.

    Advice to Management

    Focus on a more pragmatic approach to the job and focus on your assets in your staff. lose this and you will achieve nothing


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