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Lloyds Banking Group PLC (Europe)

Also Known As: Lloyds, Lloyds Bank
Real Estate Lending

VAULT RANKINGS 2013



GENERAL INFO

Headquarters: London, United Kingdom
2000 offices
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THE BUZZ…
  • “Quite interesting”
  • “Great bank until it bought HBOS”
  • “British, flexible”
  • “Recent bailout has ruined rep”

NEWS AND UPDATES

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Vault's Scoop

Uppers

  • “Progressive, intellectually challenging and entrepreneurial culture”

Downers

  • Can be “siloed and political”
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ABOUT THIS COMPANY:

Dropping the TSB

London-based Lloyds Banking Group operates through four main business units: retail, wholesale, insurance, and wealth and international.  Its retail division caters to an estimated 30 million personal customers, operating through brand names such as Lloyds TSB, Halifax and Bank of Scotland.  The wholesale unit mainly operates through Bank of Scotland in Scotland, and Lloyds TSB in England and Wales, while insurance does business mainly under Scottish Widows.  Wealth and international has three main subdivisions: private banking, asset management and international banking; the unit operates under several brand names in more than 36 countries worldwide.

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From the Community


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Lloyds SALARIES


Lloyds Banking Group PLC (Europe) salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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Lloyds SURVEY SAYS


 

Not big on change

Insiders call Lloyds Banking Group “a very, very English bank, or so it would like to be perceived as such.”  It can be “very slow to adapt to change.”  Some respondents also call it “silo-ed and political.”  But some workers think the culture encompasses the opposite end of the spectrum.  In what insiders described as a “progressive, intellectually challenging and entrepreneurial culture that embraces change,” hours are fairly flexible.  One trader “works the hours required to develop [himself] and [his] business,” in a 60- to 70-hour week.  Elsewhere in the bank, others work less than 40 hours a week and happily reveal, “There is no pressure to work long hours.”  Another insider notes the organisation is “very flexible, and offers compressed hours and flex-time.”  Benefits of working at the firm listed by staff include “six weeks’ paid holiday,” private health care and a gym membership discount.  A London-based trainee calls the firm “very conservative, yet innovative at the same time, with a constant quest for improvement.”  He goes on to praise the firm’s “good work/life balance.”



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DISCUSSIONS


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Getting Hired



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Tips from the inside

Taking the Lloyds Banking Group road

Insiders agree it is easier to land a job at Lloyds Banking Group after having a summer internship, but it is far from required, as many current graduates and employees did not complete one.  However, those that did join as an intern spoke highly of the experience.  One contact says his internship involved working on the management of private banking client’s portfolios, commenting that the work was diverse.  The experience, he adds, “certainly helped me in getting back into the organisation, as I knew how the bank operated.”


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