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Standard Chartered Bank Reviews

Updated 24 April 2015
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3.5
742 Reviews
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Approve of CEO
Standard Chartered Bank Group CEO Peter Sands
Peter Sands
306 Ratings

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 67 reviews)

  • Work life balance as they have flexi hour with good working environment (in 44 reviews)

Cons
  • Work can get a bit hectic, sometimes difficult to maintain a work-life balance (in 23 reviews)

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

More Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Satisfying

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Secretary to Regional Head UK & Europe in London, England
    Former Employee - Secretary to Regional Head UK & Europe in London, England

    I worked at Standard Chartered Bank

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Friendly, forward thinking, pushed staff to achieve

    Cons

    Very busy, not enough admin staff

    Advice to Management

    Appreciate staff for their achievements and hard work and listen to their concerns about work overload

  2. Operation chartering banking agencies insurance transportation

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

    I have been working at Standard Chartered Bank full-time

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Hope to be improved to live better life work hard and trust

    Cons

    Experience is a must to start new job and the best way for success education english speaker computer skill

    Advice to Management

    Nice to work hard

  3. 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)

    Doesn't Recommend
    Doesn't Recommend

    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 Management

    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.

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  5. Says one thing does another

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

    I worked at Standard Chartered Bank (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Its a holiday camp, do the bare minimum and you still get paid

    Cons

    No career progression, no pay rises and lower than market rate, lacks management

    Advice to Management

    Start taking the code of conduct seriously - its not just a ticking the box exercise. You wonder why you are making losses start reviewing the rationale for business trips, expense claims and also vendor invoices.

  6. 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

    Negative Outlook
    Negative Outlook

    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

  7. 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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

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

  8. Career limiting if you are considering venturing into a specialist area.

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

    I have been working at Standard Chartered Bank

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    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.

  9. I worked in Standard Chartered Bank for short time as an assistant.

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

    I worked at Standard Chartered Bank

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The best reason I worked there is the atmosphere in the office. All staff in the office are equal, and they are very kind to each other.

    Cons

    I have to assist a lot of people and take various tasks. This means that I have to learn a lot of new things quickly, which is very challenging to me.

    Advice to Management

    The staff should improve their efficiency of working.

  10. Compliance manager

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

    I have been working at Standard Chartered Bank full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    30 day holiday, work from home,

    Cons

    Unreasonable targets, lack of career opporttunities, unprofessional HR system

    Advice to Management

    Consider being taken over as share price is on its knees and your time has come

  11. Changed for the worst

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Bank has the right footprint and the prior model would work if they went back to it.
    Good chance to work abroad

    Cons

    A lot of Investment bank hires in managerial roles taking the money and having unrealistic expectations.
    Bank is rapidly losing its DNA

    Advice to Management

    Go back to the old "here for good" SCB model which has now become here to get whatever I can for myself over the last couple of years

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