Thoughts on Barclays Response to Goldman survey
Iand just wanted to post my thoughts about the call we had this week with senior bankers about morale.
First of all, I truly felt like the seniors were merely checking the box for HR on these calls. As analysts came forward with their frustrations, I didn't hear a single solution offered by any of the seniors. Initially, I was optimistic thinking this call could be the catalyst for overdue change. Now, I'm starting to doubt that.
One analyst expressed how they didn't even feel comfortable taking a lunch break most days. Barclays didn't provide laptops or reimburse late night meals during WFH until very recently. Cost cutting at this firm obviously has begun to erode at employee morale. The fact that management used this pandemic as an excuse to cut meal reimbursement for junior bankers during such stressful times is sickening.
In response to these genuine concerns, seniors responded with "this is way above our head." It is sad that Barclays hasn't shown any inclination of improving conditions for analysts. At this point I'm fed up and I know I'm not alone. We have been worked to the bone and analyst / associate bonuses here are consistently lower than other. Multiple coverage groups across the US have lost junior bankers because we get paid so much less than everyone else. Really apparent that we are not valued to the same extent as our counterparts at other banks.
What is it going to take for change to happen? Anyone else in banking feel the same way after these BS calls?