Career Advice 'Lloyds of London' Please Help

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PostPosted: Tue Jan 09, 2007 5:31 pm   Post subject: Career Advice 'Lloyds of London' Please Help  

Hi

If anyone can offer me any career advice please help me out as I am not sure if I am making the right decision. Here is my situation:

I am currently working as a Software Tester in a financial software house (Insurance Industry) in the city and it is my 2nd job and have only been here 3 months. Basically I passed a software tester qualification so started looking elsewhere as I thought I could get more money elsewhere.

I was offered a job at ‘Lloyds of London' as a software tester/business analyst which I took and then handed my notice in at my current work, when I did my project manager and line manager both said how they were really upset and valued my work and how if it was a case of money they would be able to sort something out.

I still said I was going to take the Lloyds Job but have since had the MD say the same thing to me and they have offered me a big pay rise with a further pay rise of 14% in 6 months. It works out to be a really good package considering how junior I am and is 2or3 K more than Lloyds are offering with all the similar benefits.

I have since decided to turn down the Lloyds job and stay where I am as they really are putting in the effort to keep me and I am obviously valued here.

Is there anyone out there who has worked for Lloyds of London or knows anyone that has? I really need to know am I making the wrong decision as I have just had a 5 minute voicemail message from the recruitment agency saying how amazing the job is and how amazing ‘Lloyds of London' is. I need to know if this is true or is it the same as any other company really.

If anyone has any inside knowledge or advice I would really appreciate it as I don't want to make a really bad mistake.

Thank you in advance.
Laughing
Ben

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PostPosted: Wed Jan 10, 2007 5:54 am   Post subject: its all ur decision!!  

hi Ben,

Honestly speaking, if u ask me, i wud rather go for a company that offers me more job satisfaction more than the money in question. And if that comes with good money then nothing more one can ask for.

BTW, i dont have any experience with the company in question. Very Happy
As u said that u are into the job for only two months... from my experience what i can suggest is that its better if u cud settle down at one place for more time (say 1 yr) to gain more knowledge and expertise in the field. People always want to keep the talented lot with them. And since ur company cannot afford to loose u thats the reason why u have been offered big packages just after a short stint.

But at the end of the day, its gonna be ur own decision when it comes to choosing a company.

God Bless U,
Samantha

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Samantha
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PostPosted: Wed Jan 10, 2007 7:14 am   Post subject:   

Hi, though I dont have any idea about the company you mentioned, I googled out their official site,
lloyds.com
Hope that helps!
Damari

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PostPosted: Wed Jan 10, 2007 7:50 am   Post subject:   

Hello guys,
Since I have been into the US field for a good part of my career I cant help you much on this. But with whatever little info. I have been able to gather from my friends for you, is that it is indeed a prestigious company. I would certainly get back to you once I have some more on it.
In the meantime, why don't you guys use the Sign up Form and become a part of the community.
Thanks,
Evan
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PostPosted: Wed Jan 10, 2007 9:42 am   Post subject:   

Although the company I am working for at the moment obviously isn't anyway near as prestigous I think I will stay where I am. I am already appreciated here and if I move to Lloyds it may take a long time to become valued plus I may not like it there so its a hell of a risk.

I think I can live without having the prestige of working for such a financial instution.

But please let me know if I anyone thinks I am making a big mistake by turning Lloyds down.

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PostPosted: Wed Jan 10, 2007 10:05 am   Post subject:   

I am not sure as to why you dont want to join such a big company like Lloyds. My advice for you would be to give your decision a rethink. I would certainly have chosen the company had I been offered the opportunity. Smile
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PostPosted: Wed Jan 10, 2007 10:36 am   Post subject:   

I just dont think Lloyds will be as good as it sounds behind the prestige I think it is just another company. I may be wrong though..

Plus I will effectively be taking a 3k pay cut now by joining them, so as I am reasonbly happy here I think the best option would be to stay put.

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PostPosted: Wed Jan 10, 2007 1:39 pm   Post subject:   

I just feel that behind the pestige Lloyds is just another company and may not be all its cracked up to be. I may be wrong though.... Confused

I think as I am reasonably happy here the best option may be to stay put, with the raise I have been given I would effectively be taking a 3k pay cut by going to Lloyds as well.

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PostPosted: Wed Jan 10, 2007 2:22 pm   Post subject:   

I had intended to move on to Lloyds but after I resigned my Line Manager, Project Manager and even the MD have been telling me how much they have appreciated my work and how they would love me to stay on as they had big plans for me. It really does make a difference to be appreciated like that so that is why I have changed my opinion.

I do like my current job and initially I wanted to move because I didn't think I was earning enough but now I have been offered a generous pay rise and ensured that if I decided to stay I would be looked after and will progress through the company.

The company is ‘Lloyds of London' the company is in the City of London, UK which is known across the world so is very tempting.

The only problem is that I will obviously upset Lloyds if I decide to stay here, but I have to do what I think is best for me.

The main reason I posted my questions here was to see if anyone knew about ‘Lloyds of London' as a company and whether they are such an amazing company to work for as they would have you believe or are they just like any other company. Confused

Is there anyone who has either worked for Lloyds of London or anyone that has any real knowledge of the company?

Thanks again for all you comments
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PostPosted: Sat Jun 30, 2007 12:45 pm   Post subject:   

Oh... Lloyd is maybe the best insurance company!
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PostPosted: Tue Mar 17, 2009 1:27 am   Post subject:   

Lloyd's of London is not a company. Please, do some actual homework. You seem to be asking people who know nothing about the industry to tell you their opinion. Since they know nothing about the industry, their opinion is meaningless. Lloyd's is a very large insurance market, comprised of many different companies that provide insurance (and some reinsurance) capacity via syndicates. In terms of prestige, you have to be joking. Lloyd's has suffered more scandals than any corporate entity (remember, it is not a company) I can think of.
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PostPosted: Tue Mar 17, 2009 9:51 am   Post subject:   

You seem very knowledgable then why not become a part of the community, Brutus? you're welcome to join in to educate people. And, further, its free.
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PostPosted: Sun May 03, 2009 5:32 am   Post subject:   

I work for a MGA in the US and deal with Lloyd's daily. While I may not want to be insured by them, I would f-ing love to be employed by them. They employ the best people and treat them wicked well.

As for those of you that "have never heard of the company" please quite, just don't open your mouth anymore. Have you heard of insurance? Really I'm embarrassed for you.... just please never respond to a comment when you aren't 100% sure what is going on ever again, I'm dumber now for having read that...

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PostPosted: Sun May 03, 2009 5:44 am   Post subject: Brutus can like my butt kiss  

Oh and as for you Brutus, thank you. I'm sure you are the only one who went to college on this site.

I'm sure you're the only one in insurance.

And I'm sure you're the only one that has heard of Lloyd's of London and knows it is a market as opposed to a single entity...

Thank you, my business with them will be completely different now and everyone here is better for having known that oh fresh college graduate.

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