Standard Chartered Bank

  www.standardchartered.com
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Standard Chartered Bank Reviews

Updated Jul 21, 2014
All Employees Current Employees Only

3.5 558 reviews

90% Approve of the CEO

Standard Chartered Bank Group CEO Peter Sands

Peter Sands

(225 ratings)

77% of employees recommend this company to a friend

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves(in 46 reviews)

  • Nice working environment inside the company(in 38 reviews)


Cons
  • work life balance based upon projects(in 19 reviews)

  • long working hours, low pay, no recognition at work unless youre an indian(in 15 reviews)

558 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Intern

    Project Finance (Former Employee) London, England

    ProsGreat culture,
     friendly people
    Great food at subsidized prices!

    Consalmost none. Although it was a little hard approaching senior management

    Advice to Senior Managementkeep doing what you are doing

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Not as much learning as i expected

    Anonymous Employee (Former Employee)

    ProsOffice 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

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

    Advice to Senior ManagementPay 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?

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Very good.

    Intern (Current Employee) London, England

    ProsProfessional workplace. Good and friendly people.

    ConsWeak Training. No mentors offered.

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Very good

    Anonymous Employee (Former Employee)

    Prosvery good bank to start your career with. Training provided is great.

    Consif you want international transfer within the bank, it is not very easy

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • No Opinion of CEO

     

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

    Associate Director (Former Employee) London, England

    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

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Good office, many opportunities, but poor management

    FI OCC (Former Employee) London, England

    Prosgood working hours..average to decent compensation

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

    Advice to Senior ManagementLearn more...atleast make an effort

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Outstanding Firm performance, but lack of career prospects in uk

    Anonymous Employee (Current Employee)

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

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

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Very mixed experience; loved some parts, hated others.

    Anonymous Employee (Former Employee) London, England

    ProsGreat work/life balance and philanthropic culture. SCB have a great work life balance, actively encouraging working from home, using all your holiday plus days out of the office volunteering.

    ConsConsensus driven environment, difficult to get any major decisions made. Also takes an incredibly long time to make any changes at all. Seems to encourage forward thinking by hiring bright people, only to hinder them at every turn.

    Advice to Senior ManagementEmpower people.

    Yes, I would recommend this company to a friend

    • Approves of CEO

     

    Good bank to work For.

    Anonymous Employee (Former Employee)

    ProsStable, with highly skilled employees

    ConsLimited presence in Europe, most activities are based in Asia, Africa and Middle east

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Not good

    (Former Employee) London, England

    ProsSome people are great, nice offices in the City, good reputation especially in Asia.

    A good focus on CSR and Peter Sands has managed to keep the Bank very profitable during recession.

    ConsThe Bank communicates as being a caring employer but it is not. I was made lots of promises about being made permanent right to the end of my last contract then they got rid of me without any interest in the impact it had on me, just because it suited them. And very little notice too!

    Fair enough when you are in banking: it's a heartless industry. But usually the package makes up for that. It's the not the case at the Bank as it underpays. Relocation to Singapore is an easy way to recruit and retain though as taxes are so low there, especially compared Western Europe. Be however careful that non-permanent residents and nationals get a mere 3% of additional of cash in lieu of employer pension contributions while the UK pension scheme is fairly good (10 to 14% contributions depending on age if I remember well and if the Bank has not made itself compliant with age-discrimination legislation since I left). The relocation package is a bare minimum too.

    There is also a prudent approach to anything and a big culture of engagement and consensus. Good idea but it's taken to the extreme, up to the point of inefficiency. The decision-making process is very slow, if any decision is made at all. Projects are planned at the beginning of the year and there is no departing from those. There is no reward for addressing other matters that pop up in the year, leaving the Bank exposed to non-compliance. The "it's not my role" attitude doesn't help either.

    Relationship-based business too. What it means in practice is that anyone who is part of the furniture will have more influence than a more recent recruit. Not very motivating.

    Finally, hierarchy thrives at the SCB with a little caste system within it. The lower caste is grades 9 to 5 and the superior ones are in bands 4 to 1. This is to the point that people will talk of graded or banded employees.

    Advice to Senior ManagementTreat your staff better. The economy will eventually pick up and the competition will suddenly become very attractive.

    No, I would not recommend this company to a friend

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