Discover your dream Career
For Recruiters

Barclays engineers flaunt 35 hour weeks as others complain about hours and pay

If you're looking to avoid working late nights as an engineer in finance, some banks are better than others. Data from our recent salary and bonus survey suggests that you might want to be at Barclays.

Click here to sign up to our technology newsletter 🔧

Nearly 60% of our technology respondents at Barclays told us they worked 40-hour weeks or less in 2023. One London based associate at Barclays said he earned between $150k and $200k last year while working 35-hour weeks, but said he was still "well regarded." Barclays' New York office might be more intense; one tech director there worked 60-hour weeks, but was paid between $500k and $600k to compensate.

Banks like Morgan Stanley seem to work technologists harder and to elicit more complaints about pay. One London VP working for technology at Morgan Stanley said they received a "very poor bonus,"  while a director there said they were "underpaid on both base and bonus." 

Long hours can be counterproductive. One London based director said: "I spend half my time managing the risk of incompetent offshore staff." There were also complaints of "ineffective middle managers," and "bureaucracy."

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Deutsche Bank
Trader - Vice President
Deutsche Bank
New York, United States
DTG Capital Markets
Proprietary Trader (US, remote)
DTG Capital Markets
New York, United States
Man Group plc
Portfolio Manager (Macro)
Man Group plc
London, United Kingdom
Oxford Knight
Python Quant Developer- Hedge Fund trading team
Oxford Knight
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.