Bank of England
3.8 out of 5 stars.
Get weekly updates, new jobs, and reviews

Bank of England Pay & benefits reviews

Review this company
Job Title
Location

Ratings by category

Clear
3.9Work-life balance
3.4Pay & benefits

Sort by

HelpfulnessRatingDate
Found 11 reviews matching the searchSee all 123 reviews

Challenging working

Indeed featured review

The most useful review selected by Indeed
I have found The Bank of England to ask quite a lot of its employees for little monetary reward in comparison to Investment Banking. The work can be complex and with little guidance. However that said, there are sometimes periods where the workload is minimal. The work life balance is good, with flexi time available to take after 35 hours. (Providing there’s cover and you can still meet deadlines)Unfortunately, in the area that I am in, progressing seems to have to be a sideways move rather than a promotion in department. Some of the people I work with have been doing the same job at the same level for 30 years. I would argue this is a failure of the organisation.Overall a nice place to work, but you’re not going to set your bank balance on fire. Perhaps best used for graduates who wish to gain experience and then move on - or for family oriented people for whom flexibility is a priority.

Pros

Some shorter days, can buy additional holiday, good benefits

Cons

Some long days if you work on a role that has shifts
Was this review helpful?

Work/life balance

Great place to work. Forward thinking with work/life balance, inclusivity and personal wellbeing. Salary not the greatest but benefits make up for this.

Pros

Health care, subsidised restaurants

Cons

Beautiful old building but not always fit for purpose
Was this review helpful?

A place to avoid

Low pay and working with technically backwards long term members of staff make this a place to avoid. The pay for new members of staff either starts too low or never increases.
Was this review helpful?

Exciting

I feel very proud working there. The whole workers are very happy and helpful, They are always ready to help people. Your job is always secure, the managers are very nice and friendly.

Pros

No free lunch

Cons

Extra hours
Was this review helpful?

Bank of England

Have moved around within the Bank so I've experienced many different management styles. Some departments are more organised and disciplined than other

Pros

Great benifits for permanent staff; heavily subsidised perks, flexi working oportunities............

Cons

being stuck in a role you have accepted for can be very difficult before you can change role........
Was this review helpful?

Rate your recent company

Share your experience to help others

Good working environment

There is a good working environment at the Bank of England. There are a number of benefits including flexible working and 38 days leave (conditionally). Overall, great company to work for

Pros

Flexi Working

Cons

Early Morning working
Was this review helpful?

Like being part of a family

Have moved around within the Bank so I've experienced many different management styles. Some departments are more organised and disciplined than others, but overall there are certain guidelines, which are carefully followed (for specific roles). Unfortunately you can be limited to those tasks. Not much scope for rapid growth. Comfortable to work here. People are very friendly and inclusive. I couldn't go permanent though, the pay is not great, however, the benefits are great! So in summary, if you want to settle down and become furniture you should apply for a permanent position. Disclaimer: This is my experience and its within the field of office support roles (Admin/PA)

Pros

Great benifits for permanent staff; heavily subsidised perks, flexi working oportunities, family oriented, kind and friendly overall

Cons

Salaries are not so great, stuck in a role you have accepted for 2 years before you can apply internally for another role
Was this review helpful?

chaps

one thing i took away from the bank of england while working their is their values on team work each and every worker worker has a responsibility and each of their tasks are interconnected thus teamwork and communication is essential.

Pros

free lunch

Cons

no pay
Was this review helpful?

Great place to work and learn

Great place to learn and work, good work life balance and good benefits. Compensation and advancement are however not at par with the wider industry.

Pros

Intellectually stimulating, cutting edge policy making, work life balance

Cons

Compensation, lack of transparency around advancement
Was this review helpful?

A good place to work

A supportive environment offering good training opportunities and career progression. An okay salary with good benefits. Very supportive off work life balance.
Was this review helpful?

Professional Place to Work

Good Place to Work. Friendly co-workers and has some very good benefits. I just could not handle the commute any more. But this is a good place to work to gain experience.
Was this review helpful?

Want to know more about working here?

Ask a question about working or interviewing at Bank of England. Our community is ready to answer.Ask a Question

Overall rating

3.8

Based on 123 reviews
5
50
4
28
3
24
2
10
1
11

Ratings by category

3.9Work/Life Balance
3.4Salary/Benefits
3.3Job security/advancement
3.4Management
3.5Culture

Compare Bank of England with

Bank of England Reviews by Location

  • Companies
  • Bank of England
  • Employee reviews
  • Pay & benefits