Financial Conduct Authority Employee Reviews about "work life balance"

Updated Dec 3, 2021

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Found 223 of over 992 reviews

2.9
38%
Recommend to a Friend
10%
Approve of CEO
Financial Conduct Authority Chief Executive  Nikhil Rathi  (no image)
Nikhil Rathi
159 Ratings
Pros
  • "Good culture, work life balance(in 210 reviews)

  • "Supportive team and interesting work(in 110 reviews)

  • Cons
  • "Severe lack of career progression(in 60 reviews)

  • "Senior management are pretending that they’re not trying to save on costs but they clearly are(in 30 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "work life balance"

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    1. 5.0
      Current Employee

      Review

      Jul 9, 2021 - Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good environment and work life balance

      Cons

      I don't have any cons

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    2. 2.0
      Current Employee, more than 10 years

      Join the FCA at your own risk - poor pay and getting worse and low morale

      Dec 3, 2021 - Senior Associate 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - really interesting work where you can see tangible results of being an organisation protecting consumers - work with a good purpose - excellent colleagues (that I work with) who are down to earth and respectful - great work life balance if you are efficient like me and can get all work done easily in 9-5 period - flexible working - can accommodate ill children or appointments here and there very easily

      Cons

      - underpaid vs the private sector even after adjusting for the better work life balance - morale is low and new executive management are making things worse - pay and grading outcomes are expected to lead to effective pay cuts. There will no longer be any bonus scheme and the performance related pay proposed to be introduced to incentivise hard work is extremely uncertain, not to mention materially lower in reward quantum than the bonus - despite the proposed changes to pay and grading, there will still be extremely limited opportunity to get promoted. If you join near the top of a salary band then expect your salary to remain static (not even inflationary pay increases will be awarded) every year unless you can secure a lesser-spotted promotion. Even then, salary increases for a promotion are limited to 10% so why bother for the extra responsibility?

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      16 people found this review helpful
    3. 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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      15 people found this review helpful
    4. 2.0
      Current Employee, more than 5 years

      Do not value staff

      Nov 21, 2021 - Lawyer in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      High quality technical legal staff. Good black letter law work. Collegiate approach. Improvements in knowledge management.

      Cons

      Disengaged senior leadership who have alienated staff. Deterioration in work-life balance due to failure to prioritise & staff exits. Poor D&I record especially in legal. New pay offer is not competitive & further attack on pensions to follow. Attempt to move to model of hiring inexperienced staff for a couple of years before they join somewhere better will no doubt end in disaster but by then Rathi will have got the job he actually wants elsewhere.

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      15 people found this review helpful
    5. 2.0
      Former Employee

      It was a great place to work

      Nov 14, 2021 - Lead Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Has been a good work life balance with genuinely interesting work and excellent colleagues. Managers can be variable, but mine were consistently excellent.

      Cons

      The organisation was always a good place to work and a terrible place to advance - salary would stay static compared to being in an industry role and even as a high performer tough to move up. Unfortunately under new management, this has gone from difficult to impossible, with cost cutting putting many real salaries backwards, and leaving it as a poor option as a place of work for those with skill and ambition.

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      12 people found this review helpful
    6. 4.0
      Current Employee, more than 8 years

      Really good

      Nov 11, 2021 - Senior Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great working hours, perks, and work/life balance

      Cons

      Transformation agenda is causing a low morale

      1 person found this review helpful
    7. 4.0
      Current Employee

      Good place

      Nov 12, 2021 - Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work life balance fairly good

      Cons

      Can't get promoted in team

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    8. 2.0
      Current Employee, more than 3 years

      Employment terms worsening significantly

      Oct 31, 2021 - Senior Associate in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You are exposed to a wide range of engaging and important work. You contribute to reducing social harm Work/life balance is better than most industry work I've had previously.

      Cons

      You have already taken a c. 25-50% pay cut reduction by choosing the FCA compared to a similar financial industry role but its ethical work. There's a tradeoff for what you want as a person. However, employment terms are about to dramatically worsen under new leadership while responsibility and workloads have increased. Senior management appears to be hostile to employees engaging with a union for collective bargaining. Their responses to questions are not clear. This is the kind of speech that we are trained to identify and pick apart as regulators. Nepotism is rife in certain departments. Don't expect over time to be recognised or compensated. Certain areas are massively under resourced

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      18 people found this review helpful
    9. 2.0
      Current Employee, more than 5 years

      Staff morale at all time low.

      Sep 23, 2021 - Associate in Stratford, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Very diverse work, smart people, good work-life balance

      Cons

      Staff morale has taken a nosedive, which has accelerated over the last 6 months. I believe it started to go down slightly after the move to Stratford, which is a terrible location with the office practically in the Westfield Shopping Centre. Compared to Canary Wharf, the options for going out to lunch with colleagues or socialising are poor. Before covid there were massive queues to get in the building each morning, before waiting ages for a lift to be crammed in like sardines. The open plan office is loud, with people running around having pointless meetings about meetings. In general, people take themselves very seriously meaning its not a very fun place to work. This seriousness permeates the whole culture of the FCA, reflecting in a ridiculous amount of governance, micromanagement and the feeling of being under constant scrutiny. Its difficult to get anything done without being bogged down in red tape, despite the fact the work must always be carried out 'at pace'. This can be stressful and frustrating. The organisation itself is supposed to be independent and apolitical but nothing could be further from the truth. You will be bombarded with "woke" at every opportunity which sometimes feels like it is deliberately designed to waste your time and demoralize you. If they just focused on their job of regulating, a lot more would get done. When covid hit, we told to down tools on whatever we were working on and got reassigned to the covid response. This was a really good time as the whole organisation felt as though it had regained its mission and we were responding in real time to the crisis. However, after a few months, at a time when the FCA should have been rolling back all the red tape and wokeism, they doubled down on it. The new CEO joined in the middle of a pandemic promising to "tranform" the organisation, even though it was working pretty effectively before. After 6 months of this transformation program, its not exactly clear what has changed, apart from lots of new exec level people that don't know what they are doing. Good staff are leaving in droves.

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      42 people found this review helpful
    10. 1.0
      Current Employee, more than 5 years

      going downhill

      Dec 1, 2021 - Head of Department in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      good colleagues and work life balance

      Cons

      demotivating and de-skilling, lack of initiative and responsibility, endless reorganisation and constant criticism

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      8 people found this review helpful
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