Self destruction - Anonymous employee Aldermore Bank Employee Review

1.0
Oct 3, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Free coffee....apart from that there aren't any others now I'm afraid

Cons

When I joined Aldermore in 2019 it was refreshing to join a bank that was a bit different. It didn't have the usual banking culture of bullying, do more with less and do it yesterday culture ,and actually cared about its customers. Management was supportive and listened to their staff. Then in 2021 the CEO ( and founder) of the bank retired and a new CEO came in. With this the great collaborative working culture and friendly working environment was thrown out of the window. The majority of the old guard were removed and replaced with the usual power crazed minions you find at places like Barclays/Lloyds etc. The corporate banking culture came in, and as a previous reviewer said, it's now like working for any other bank but for less money. Aldermore pay well below market rates, but that's not such a big deal if the working environment you are in is good. All the good staff started leaving, most by choice and others forced. The place is now in total meltdown and hard to see how it will recover (unless that's the plan). All I can say to anyone who has recently been offered or accepted a role at Aldermore is don't do it. There plenty of jobs on the market at the moment at better organisations, offering better reward.

Explore other reviews about Aldermore Bank

1.0
Jun 8, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

No cons at this company

Cons

Lack of onboarding support and support in general. Management is a joke aswell and there is no accountability for those who are in charge. I joined a while back and received no help or guidance at all and when I needed support I was told we wouldn’t hire you if we had to teach you. Not to forget the inappropriate comments about how I practice my religion, the constant micromanaging, the lack of accountability for seniors and the toxic environment

1.0
May 12, 2026
Recommend
CEO approval
Business Outlook

Pros

Many colleagues are good people

Cons

I wouldn't contemplate working here if I were you. There's too many leadership problems. Obviously I don't know them all but here's my take: 1. There's no stability or coherent strategy. The organisation is bought by FirstRand one year and sold a couple of years later. I've heard the reasons (excuses) why but at the end of the day it's the leadership who have decided and agree on the moves they make. Yet it's not them being affected by this poor judgement after its all gone wrong. I'm seeing a lot good people adversely because of what I think is the poor leadership they're following. 2. As a result, they're making many people redundant or TUPE'd out. The announcement I witnessed was addressed to maybe 10% of the whole workforce and the CEO couldn't even be bothered to show his face. That just looks bad.

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Aldermore Bank Response
2w
Thank you for taking the time to share your perspective. As a specialist bank, we need to keep evolving in a competitive market so we can deliver for our customers and set the business up for the future. That does mean change at times, and we know that isn’t always easy for colleagues. As part of FirstRand since 2019, our focus continues to be on building a clear and sustainable long-term direction. Our priority remains creating an environment where colleagues feel informed, supported and able to grow. We’re committed to strengthening how we engage with colleagues, build clarity around our direction, and ensure people feel valued for the contribution they make. Feedback like this is important in helping us to improve, and we remain focused on making Aldermore a positive and supportive place to work.
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