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Standard Chartered Bank Reviews

Updated 28 March 2015
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223 Reviews
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Standard Chartered Bank Group CEO Peter Sands
Peter Sands
306 Ratings

223 Employee Reviews

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  1. The people are nice, but the workload is appalling. Infrastructure not great. Pressurised. Weak management.

    Current Contractor - Administrator in London, England
    Current Contractor - Administrator in London, England

    I have been working at Standard Chartered Bank as a contractor (less than a year)

    Pros

    The pay is good. The people are very nice & haven't met a horrible one yet. They will try to socialise with you and are inclusive. They put up with me ranting sometimes and haven't fired me yet. They have a good canteen which is heavily subsidised. They encourage you to stick to the working hours of 9 - 5 even if you're on a daily rate like me. There is a good Support Network online where you have good, visual training.

    Cons

    The workload is extremely heavy and I work like a robot all day, and still don't get it all done. There is pressure from the head of the team to get things done quickly. It is slightly hierarchical there. The atmosphere is bland and formal and I don't feel like I can be myself. Even though people are nice, the managers don't really care if you're overloaded don't do anything about it. So are they really that nice? No. I have had to learn a lot of new skills and haven't had good training, which is a big challenge for me. There are people sitting around me who quite obviously don't have much to do but seem to get off scott free.

    Advice to ManagementAdvice

    The management should listen to staff when they say they have too much work and should do something about it. They should spread the workload more fairly between PA's and Administrators, and support staff and even give support type work to non-support staff who clearly haven't got much to do. For example the BCP/emergency arrangements could be dealt with by junior managers or non-support staff, instead of being old fashioned and piling everything onto the administrators. Leaders of teams need to act and speak up to their seniors to make important changes and make things better for staff, instead of being cowardly. Internal post needs to be delivered more than once a day. The photocopiers need to change so that they don't time out everytime you photocopy something. The videoconferencing system should be made more user friendly. The e-pro system should warn you before it times out. The system for travel should be improved - once an e-pro is approved it takes too long for the final air ticket to be issued so that on a Friday you could lose the travel booking. Eradicate the travel data protection/declaration form before you get set up with a CWT profile. It's impossible to find it as a new starter on the website, no helpline to ring, it is not necessary. The infrastructure needs to be improved generally. I have worked at numerous companies over the last 10 years and this bank is bureaucratic which is frustrating. Cut the bureaucracy please.

    Doesn't Recommend
  2. Not bad but could be better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Standard Chartered Bank

    Pros

    Good work life balance- ability to work from home although can include unsociable hours given its a global business
    Inclusive attitude from managers
    Nice people

    Cons

    Salary and bonus is way behind the market
    Everything is decided by committee and nobody takes ownership
    Incredibly bureaucratic

    Negative Outlook
  3. Times are changing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Assistant/Coordinator in London, England
    Current Employee - Personal Assistant/Coordinator in London, England

    I have been working at Standard Chartered Bank

    Pros

    Great values, that are communicated well
    Good benefits
    Flexible working encouraged
    friendly culture
    Opportunities to travel and change departments

    Cons

    Hierarchy reigns
    Staff losing faith in management - however a new CEO has been announced, a new FD was appointed last year
    Little investment in IT systems and space (hot desking and working from home because there's no room in the office)

    Advice to ManagementAdvice

    Dont cost-cut to the point that your employees are working with substandard systems

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. Career limiting if you are considering venturing into a specialist area.

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Standard Chartered Bank

    Pros

    Job stability; specially suitable for generalists.

    Cons

    Career limiting for someone considering a career in a specialist field. You become more of a generalist without having much expert knowledge in any specific area.

    Recommends
    Negative Outlook
    No opinion of CEO
  6. Banking at SC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director, Relationship Manager in London, England
    Former Employee - Director, Relationship Manager in London, England

    I worked at Standard Chartered Bank full-time (more than 10 years)

    Pros

    Fairly decent hours, focus is always on Asia so yours had better be as well. Generally friendlier place than most banks, lots of lifers but that is changing.

    Cons

    Hired lots of ex-US bankers who have then brought in their friends thus altering the culture. Share price has collapsed of later. Perks are essentially non-existent and office politics is vital.

    Advice to ManagementAdvice

    Changes required at the top are limitless, the share price has collapsed and yet the institutional investors are only now starting to talk to the FT. Reward loyalty like the bank used to or the poison will float up.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. Not as much learning as i expected

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Standard Chartered Bank as an intern

    Pros

    Office was nice, salary for intern was standard in China.
    I stayed for only four months so didnt get as much experience, but there are some nice colleagues.
    Time-off was flexible

    Cons

    Internal competition and interpersonal relationship was a bit complicated, considering it's an international company.

    Advice to ManagementAdvice

    Pay a little bit more attention to interns. They are more than just low cost labour. Sometimes they can bring value if you use them wisely you know?

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. Very good.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Intern in London, England
    Current Contractor - Intern in London, England

    I have been working at Standard Chartered Bank as a contractor (less than a year)

    Pros

    Professional workplace. Good and friendly people.

    Cons

    Weak Training. No mentors offered.

  9. Good exposure across the footprint of the network within the IG program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Director in London, England
    Former Employee - Associate Director in London, England

    I worked at Standard Chartered Bank full-time (more than 3 years)

    Pros

    - Good training for international graduates (IG)
    - Emerging market based

    Cons

    - Mixed culture due to large turnover
    - Moderate brand recognition
    - Compensation on par or below par

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  10. Good office, many opportunities, but poor management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - FI OCC in London, England
    Former Employee - FI OCC in London, England

    I worked at Standard Chartered Bank full-time (more than a year)

    Pros

    good working hours..average to decent compensation

    Cons

    management is very poor and sometimes not competent even in basic banking knowhow

    Advice to ManagementAdvice

    Learn more...atleast make an effort

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful

    Outstanding Firm performance, but lack of career prospects in uk

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Standard Chartered Bank

    Pros

    Good culture and work life balance. Out their value and corporate value in very night priority

    Cons

    Only focused in Asia, particularly Singapore, hk, India and china. Good career prospective only if you are planning to be an expat

    Recommends
    Neutral Outlook
    Approves of CEO

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