Barclays to adopt “Central Staffing”
Hey guys - Barclays is going to implement Central Staffing from next week onwards
For those of you who experienced that, is it a good or a bad news from a work/life balance point of view?
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Tf is that? Where there’s one master staffer across all groups as opposed to one staffer/group?
Delete
Bump - any extra color? Don’t even know what this means
Bump
It's not the best. Whereas before you'd have periods of downtime because of "localized" variability in the amount of work you have to do, centralized staffing means that the bank is much more acutely aware of your capacity. Basically, your work life will go from likely being some blend of (a) lots of being overworked, some manageable days, and a few easy days where you cut out at 5 PM; to being (b) consistently being overworked, and a few manageable days.
Central staffing doesn't really make your life easier, it just means more people are aware of when you have capacity they can leverage.
Sorry.
But how will they know if I have capacity?
Haven't heard anything about that on my team. May just be your team?
What groups would you say are best for exit opps following a lot of group heads to leave (I know HC took a big hit)? What would you say will be the best over the next year or two for overall experience and PE recruitment?
Grow up
Barclays is such a fuckin joke bro lmfao
? How?
Barclays is such a failing bank holy shit. It's only not the worst BB purely because DB exists. Such a joke. What fucking shitheads running the show from London. Can't believe the Lehman guys were all allowed to leave and replaced with total amateurs we got from random MM firms. Of course, it happens once the rainmakers who actually have deal flow and make money are gone, just put us out of our misery man. I can't wait for these 2 years to be over.
If central staffing happens, I would genuinely be at UBS instead. Their LevFin/Sponsors team is beating ours anyways in the Americas this year, so it's not like even our good groups are better than their good ones + they won't have shitty staffing with big brother staffing. Thank god our M&A stuff is stronger than theirs, would be so embarrassing to somehow end up worse than those kids who did worse in recruiting. Crazy how firm reputations, deal flows, and senior quality change within the 2 years. Thank god leaving day is soon(am AN2, not 1).
tell us how you really feel brotha
That the firm is an ass. They are firing juniors left and right for no reason and have had a huge decline in the quality of seniors. It's not that deep and most analysts at Barclays would agree with you.
Don’t think the solution for a shitty european bank is replacing it with another shitty european bank
Common theme between the two.
Ye it's all relative tiers of shitty European banks. All the 3 historically BB European banks are a joke.
Does someone mind explaining how central staffing works? Sorry if this is a dumb question, but not fully clear on how they actually do a better job at understanding capacity.
Not exactly a mastermind level question.
It's 2/3 staffers across sector for the analysts.
Analysts are either staffed cross sector or cross sector and product.
Basically it helps you if you're in sweaty group but chill groups like consumer won't like it because they will need to step up their hours.
It’s the worst. Some inefficient manager in a completely different state can ruin your life with garbage work.
meme
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