Thoughts on Barclays- culture, comp, and exit opportunities
I'm currently deciding on a SA offer at Barclays and was hoping to get some updated information given that the last thread on Barclays is from 2015.
Does anyone have any information regarding Barclays IBD - culture, comp, and exit opportunities?
If I am not placed in one of the top groups at Barclays how do the exit opportunities look? How are their Healthcare and TMT groups?
I heard that they had compensation reduced in recent years, does that still apply? Any idea on what comp looks like currently?
Also, how is the culture there in general and how are the hours as compared to other banks?
Where do they stand in terms of reputation/prestige compared to other BBs/EBs?
Any up to date information would really be appreciated as I have to make a decision very soon.
Thanks!
Exit opps as good as the rest of the BBs. If you are thinking whether or not to take this withiout having a second offer youre just being silly
It's a bit of a complicated situation, but I have a super day at an upper tier BB (JPM/MS/GS). However, the super day is very close to the date this offer explodes so I was trying to get an idea of how Barclays stacks up in case I need to make a last minute decision. I'm likely going to take the offer as "A bird in the hand is better than two in the bush", but I just wanted to make an informed decision in case I get the other offer and only have a day to decide.
What’s the worst that happens when you accept and then later decline if you get a JPM offer and you want that more? Nothing, you pay back your signing bonus. I know it sounds like a terrible thing to do, but ive seen banks rescind offers they gave yo people too, so it happens both ways. I know it may be tough to do this coming out od school but dont worry about it. Btw i worked at barclays in london, decent shop. But obviously a gs or jpm look better on the cv even though the work may be broadly the same. Depends on divion of course - gs and jpm have the biggest prop books for example.
Hey man, had a friend intern at Barclays IB SA last summer in industrials. TMT is a top 3 group, healthcare is a top 5 group there. That being said, he did mention that TMT has a notoriously "not great" culture. Very hard working and he said they all seemed a bit too cutthroat compared to other groups that were more collegial and enjoyable.
That being said, Barclays does have a solid presence for both groups with solid exits to PE and a decent amount of deal flow. Can't go wrong! Congrats!
Is this NYC office?
-
Don't follow the advice about taking the offer and then rescinding if given a better one - could cause tons of potential damage to your future career. Just tell the other bank you have an exploding offer and they'll make sure to give you an answer before the deadline. Personally, if you aren't given a group specific offer and you didn't feel a very strong connection to either firm (assuming you get the other offer) i would definitely go with JPM/MS/GS over Barclays off the name alone - especially for SA where if you are unhappy at that firm or with IBD in general, you could easily use that experience to leverage into another bank FT or another related industry you become more enamored with.
I tried reaching out and getting the process expedited, but it doesn't seem very likely. More than accelerating the process or applying there for FT, I really hoping to just get some more information on Barclays and would appreciate it if anyone could chime in on that front.
I gave that advice and disagree with you. There are zero reprecussions for your duture career, except that maybe the bank you decline won’t interview you next year for full time analyst roles. But if you ever have a lateral hire interview with them, there will be no issue. Banks try to give this imression that if you rescind bank x they put you on a bank wide black list. Thats complete BS. Just do whatever is best for you, and 2 years down the line when youre drciding if you stay at bank x, move to bank y, or go to the buyside, you having rescinded your SA offer to bank z will make no difference.
This is poor advice—plain and simple. It’d be a mistake to not accept an offer at GS, even if you just signed for Barclays a couple of days before. Especially for an SA.
Having said that, it can also be worth reaching out to Barclays and ask for an extension.
Lastly, at this point the hiring is entirely run by HR, so you’re not going to piss off some MD.
Thoughts on Barclays? Best Groups? (Originally Posted: 09/28/2017)
How is Barclays Culture/Deal Flow? What are the most reputable groups? How are the exit opportunities?
Dude, why are you commenting with this crock of s*it on every post? Cut the malarkey...
Bumb any up to date info on how Barclays ranks for exit opportunities?
Didnt even know BB were still hiring lol
Barclays - Insight into the culture? - Dealflow? (Originally Posted: 02/17/2009)
Does anyone have any insight into the culture, dealflow at Barclays? What are some of its more prominent groups etc? It seems like a great bank, but I don't know much about it.
The world has changed. And we must change with it.
Interesting comments by Diamond: http://www.cnbc.com/id/15840232?video=1027281187&play=1
Would be interesting to get insight from insiders on the cultural aspect + deal flow, especially after integration. I would assume a lot of the top groups (at least on the advisory side in North America)would be the same as they were for LB.
on the IBD side, the firm has retained most of its lehman deal teams
despite some senior people leaving and some groups going to other banks, the core of the old lehman team is still at the firm
in addition, bankers from the UK have been brought over to help expand the business
in terms of good groups, i would assume the same as lehman (nat res, communications & media, fig)
What are the thoughts on TMT at Barclays NY?
The core of Lehman is still there. Top groups: CMG, NatRes, FIG, Consumer Retail
theres no TMT at barclays its split into Tech and CMG (comm and media)
CMG is highly regarded along with Nat Res and FIG
Did not know that. So is tech at Barclays weak? And do you think Barclays places well for exit ops (top PEs)?
anyone familiar with the industrials group in Chicago?
anyone knows which groups are strong in Barcap HK?
Bump
Barclays...what is going on???? (Originally Posted: 02/10/2013)
They're shutting down their tax avoidance unit which is one of their top revenue producers for the investment bank. You think Jenkins is going over the top trying to repair the image of the bank? I know it's important but I feel like he's going a little overboard trying to turn Barclays into a conservative bank. You guys think the future is dim?
If you're in the US, you don't understand the level of public hatred towards Barclays in the UK at the moment. RBS as well.
What do you reckon they'll do with the US side of the operations, then?
Barclay's future is not dim, their investment banks future is dim. Jenkins, as much as it sucks for IBD, is doing the right thing to turn the company around. The bank has simply too many scandals. I just read an article about Jenkins meeting with 250 senior bankers. He basically said they need to accept the fact that the bank will be less aggressive and pay will dramatically decline. He said if the bankers are not willing to accept this, then they can leave. Keep in mind, Jenkins is a retail banking guy not an IBD guy. He will not allocate resources to IBD.
...
How much of the banks' scandals are Barclays London vs Barclays NY? Read an article on the FT that talks about how Jenkins might have retention or relationship issues with the US 'Lehmanites'. If they want to sever limbs in the investment bank, why don't they just debrand and float it, but retain some participation if they want to partake in the profits while reducing reputational risk?
I don't know what you want us to say. Recruiting has been more and more difficult each year regardless of what type of investment banking firm it is.
Banks "layoff" people EVERY year because its an up or out environment. Accept this, or take a government job. If Barclays is your best offer, you should have no doubt your mind that you are going to take it, work till your balls are numb, take a bathroom break, and work some more until they fall off this summer. If you are a rock-star intern, they WILL hire you.
If you suck, however, or go in with the mentality that you don't want to come back for FT, you WILL give off that negative vibe and you won't be extended an offer.
It is MUCH easier going to another bank with an existing offer in hand. So go do whatever you have to do to put all this bull shit behind you and KILL it this summer.
Helo,
I don't think you should be worried about the US independent of the rest of IBD, simply because they can't really try be both a bulge bracket bank and not have a strong US presence. The investment bank also provides half of their profits so its not like they can really shut it down to focus on retail banking.
The worry for Barclays is really around the anti-banking sentiment in the UK, which is a big part of the reason their new CEO is a retail banker (correct me if I'm wrong, but weren't they vetting a JPM executive for CEO but his hire got shot down by UK regulators?). If this sentiment affects their ability to be competitive on comp with the other BB's then I guess that is where you could see them start to trail off a bit in IBD.
But really, it's an SA spot and Barclays is still a BB. The way things are these days GS and JPM seem like the only firms that aren't having one problem or another.
wow i had an offer from SCM last year... come to think of it i also received a summer offer from GSPS a few years ago and actually interned at UBS. Glad i didn't choose any of them for FT!!
Will this hurt its conversion rate of SA to FT especially for S&T?
Their SA to FT for S&T is already horribad, was around 30% last summer
looks like markets are reaction positively to Jenkins announcement. It also looks as if they're gutting a lot of their Asia and broader Europe business which is a good move (Europe especially). I'm sure he'd like to limit the I-Banks power on the bank and make retail a priority, but at the end of the day he's not stupid. He knows where the big bucks are coming from. I don't think the US or UK Investment bank will take that big of a hit short term.
Its been interesting how the senior bankers see Jenkins. I have been reading interviews with bankers in Barclays who are ripping on him. Here is what one banker said.
“We’re leery of his commercial banking pedigree,” one Barclays investment banker in New York told us, also speaking off the record.
I guess the MDs are pissed off about IBDs future.
Yeah - and their '12 comp is deferred over three years and is comprised of half cash and half stock. Senior guys aren't happy.
Yea I think Asia is pretty much done for them and Europe will be a bloodbath as well.
What country is this for? Just curious.
Barclays Capital - need info (Originally Posted: 11/09/2009)
Hi all, I have interviews for full time investment banking associate position at Barclays Capital Hong Kong.
I am trying to prepare, and just wondering if any of you know of any awards Barclays has won, or any particular strengths it has, in general and also for Asia/China in particular.
I am trying to answer the "why barclays" question, at least be prepared if it comes up.
Thanks all.
Why: cos goldman dont want me. just say it straight up and see what happens. Would be itneresting
I wouldn't be so sure that Goldman is better than Barclays in HK.
You can tell them that they're dedicating tonnes of resources to growing their APAC franchise. Matt Ginsberg (who used to head up IBD for MS in the APAC) has joined Barcap to head up IBD.
It's pretty obvoius but Global debt - Barcap ranks #1 as of 3Q 09. I interviewed for Barcap Tokyo and waiting for their response. I was asked what I read the day before on the Nikkei that was related to Barcap japan, kinda got thrown off, but other than that, the MD was jetlagged, didn't ask too much questions such as "why Barcap?" HA
Untrue. Though barcap is stronger overseas than in the U.S.
In the states they are mediocre.
thanks guys, any other insights would be appreciated.
Where do you guys find the information regarding global 'debt' rankings?
Barclays - Prestige, growth, and exit opps? (Originally Posted: 10/11/2006)
Thoughts on Barclays - prestige, growth, exit opps,
They sure have been running a ton of commercials on CNBC... some are pretty funny.
have heard generally negative things
Good rep in Europe, much smaller in US. Have a decent debt franchise.
Have you guys had an interview with Barclays?
I had a first round last week for research. Nothing back yet.
Any others in here in a similar situation?
Barclays in big trouble???? (Originally Posted: 08/28/2007)
Check this out.
http://groups.google.com/group/rec.gambling.poker/browse_thread/thread/…
I guess it is not grave. It is said that the trader only lost several million pounds. How can 5 Million or 8 million hurt Barclays?
barclays program (Originally Posted: 11/29/2008)
anyone applied to barclay's upcoming boot camp in nyc? any news?
What is this boot camp you speak of? Training for non-Barclay's employees? Or is it for upcoming Barclay's analysts?
its for sophomores and juniors~
notification for finalists is on December 3rd. so just wait until then.
so rejected applicants should have been notified by now?
No. Dec 3rd.
BarCap = RBS
Barclays - Rank the following groups? - prestige? (Originally Posted: 04/06/2009)
How would you rank the following groups: media and financial sponsors, in comparison to the other banks in terms of prestige and exit opportunities
Honestly. Who gives a fuck what random people rank a group within a bank. Group "rank" is basically deal-flow. Log onto Bloomberg, Type 'MA' then search for the media deals, and see where Barclays is.
Just choose something you like, or general M&A (since it is the group that provides the best exit opps :)
You don't want to be stuck looking at a particulaar type of company that you have no interest in.
Barclays IB (Originally Posted: 09/08/2010)
I reached to one of my contacts in Barclays's HR recently and I was wondering what groups are actually hiring or need entry level analysts for 2011 hiring. I don't want to try to lean to one group of interest that's already packed with full timers for the next year and would like to set myself up for any open opportunity wherever it presents itself.
not too sure about ib specifically but ive heard through current employees that research and ficc are doing pretty well.
What are some of the most active groups at Barclays in IB? I know they haven't had it easy since acquiring Lehman but I wonder how long that will drag on.
Unless you get an MD to really really love you, it doesn't really work that way. this year's been super competitive. networking can definitely get you an interview, but you just really have to be completely stellar at the interview - not whether a person from a particular group is supporting you. the process is way more complicated and competitve at BBs
If you have the in, you get in. Some things are universal truths, this is one of them.
why so many threads on barclays
these posts are ridiculous
Hiring at Barclays (Originally Posted: 10/29/2010)
Does anyone know how the hiring for i-banking analysts at Barclays Capital works? Is it on a rolling basis or is it already finished?
Thanks!
they've been having ongoing superdays throughout this fall... you're late to that party but can still hit up MMs and boutiques...
assuming that you were referring to FT interviews... if you're looking for SA then you're getting prepared at the right time...
You are SOL on full-time hiring at Barclay's. They are only looking to add a small amount of analysts from their target schools. Think single digit range.
Is this what Barclays is really like? How truthful is this employer review? (Originally Posted: 07/22/2011)
I got an offer from Barclays and am deciding whether to leave my current job for it.
how truthful is this employer review?
http://www.glassdoor.com/Reviews/Employee-Review-Barclays-Capital-RVW10…
Is that you, IlliniP who wrote the review?
welcome back lookat!
thank you blastoise! im sure you missed looking at my beautiful cock.
^^ = Epic WIN
Barclays Situation (Originally Posted: 09/26/2014)
Hey guys. Had a friend still in undergrad call me today asking about my opinion on various banks. He was pretty interested in Barcap. I know there were a ton of senior people that left Barcap this summer...while I mentioned that, I didn't want to dissuade them from any bank because I'd feel like a crappy/pretentious person.
In other words, what exactly is the situation at Barclays IBD?
A lot of their top rainmakers went to boutiques such as Rothschild and Guggenheim. On the other hand, Barclays has hired some great people from other BBs to fill in those gaps. Contrary to what kids here on WSO might say, I think you will still see the firm up there in league tables and you'll have a great experience as an analyst. It's no GS or MS but you still see Barclays on tons of great deals.
So give them an all clear? Or a proceed with caution?
All clear.
Disclaimer: I don't work at Barclays
barclays recruitment (Originally Posted: 11/01/2014)
hi guys! i had an telephone interview with Barclays over a week ago and they still havent answered me. Does anyone have similar experience? Shall I assume i didnt pass? Thanks so much in advance! Vivian
What position in Barclays?
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