Barclays Graduate Scheme in the UK - Interview Tips and How To Get Hired

Barclays Graduate Scheme Key Information

Headquarters

5 The North Colonnade, Canary Wharf, London, E14 4BB

Sector

Banking

Size

Over 30,000 employees worldwide within the banking arm, with over 146,000 being employed across the Barclays Group. Turnover of GBP £32.29 billion in 2011.

Grad Salary

From £30,000 - £36,000

Pros and Cons

Pros

Generous salaries throughout the business.

Business growing stronger having acquired key assets in recent years, such as US banking and capital markets from Lehman Brothers’ collapse.

Opportunities throughout the organisation to progress at pace.

Cons

Bureaucratic environment and can be politically motivated, particularly in regard to promotions and salary increases.

Barclays Graduate Scheme Overview

Barclays offer only 250 graduate positions across the whole of Europe on an annual basis, so it’s worth applying early if you want to get your foot in the door, so to speak.  Barclays place a premium on academic achievements, so only those with the very best results need apply.  Strong business awareness, as well as a proven record of work experience in a professional environment will also stand up well on your application.  Given that there may be early opportunities for international work, a second or even a third language in your vocabulary will also help you stand out in what is sure to be a competitive process.

Graduate schemes with Barclays typically last up to six months, however during that time you will be involved with projects and working with senior members of the team.  This early phase of work is amalgamated with an intense learning program, through lectures, seminars and training days.  Networking opportunities will arise on an almost daily basis, and you’ll be given a lot of responsibility very early in your Barclays career.

Barclays Graduate Scheme Interview Tips

Have your reasons. Barclays will explore in great detail your reasons for wanting to work for them. In addition to this staple of most interview processes, you’ll also need to have good reasons for why you’ve applied to a specific department, as well as a strong work and academic background detailing why you’d be a good fit.

Be nifty with numbers. Although being a good number cruncher is a key aspect of any banking role, Barclays place a premium on this. Selection tests will include numerical code, statistics and probability as well as other mathematical aspects. Give yourself the best chance of blowing Barclays away with your academic prowess.

Barclays Overview

Barclays have operations in over 50 countries around the world, and over 48 million customers in all corners of the globe. The Barclays group employs over 146,000 people, with 30,000 of these dedicated to the business’ main corporate banking sector. Barclays are one of the most lucrative companies in the industry, focussing primarily on global markets and investment banking.

The business has implemented a global environmental management system in order to reduce the size of its carbon footprint and be a more sustainable organisation. In addition to this, Barclays fund charitable causes worldwide and a prolific sponsor of cultural enterprises.

Barclays Locations

Barclays’ main headquarters are situated in Canary Wharf, part of the City of London’s world famous financial sector.

Around the world, Barclays have a prominent presence, with notable offices in Boston, Geneva and Singapore.

Barclays Future Salaries

There are genuine opportunities within Barclays to progress to higher levels in a short space of time. Barclays does operate very bureaucratically however, so even talented individuals can find their path to the top obstructed by office politics.

There is also a high turnover of employees at Barclays in relation to others in the industry. While this may not suggest an “up or out” culture, it may be an indicator that promotions are limited if your “face doesn’t fit”.

Example salary brackets following completion of Barclays’ training program include;

- Associate £40,000 - £71,000
- Project Manager £45,000 - £70,000
- Associate Director £55,000 - £72,000