Standard Chartered Bank Reviews

3.7

70% would recommend to a friend

(10,989 total reviews)
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Bill Winters

80% approve of CEO

66% positive business outlook

Standard Chartered Bank has an employee rating of 3.7 out of 5 stars, based on 10,989 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Standard Chartered Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

11K reviews
2.0
16 Aug 2016
Recommend
CEO approval
Business outlook

Pros

SCB has a great footprint. It is a global company in just about every emerging market. There are a number of good people at SCB. SCB pays above the market average, though it became instantly clear the inflated rates are "danger money". Morale is ok in pockets, sadly not in my business area (eComs) There is a lot of genuinely funny trench-humour with laughter at the seemingly duplicitous and machiavellian behaviours of business and technology leadership.

Cons

The attrition within Standard Chartered is the highest I have seen. It is like a revolving door across the business and technology team with many complaining about the same root cause. IT heavily micro-managed by the business using their historic and out-of-date knowledge, this heavily impacted courage, creativity and agility. Projects start with brutality and no regard for personal circumstances. Demands for immediate business travel are not unknown which made the eTrading the least family friendly environment I have experienced. Infamy of certain business heads impact seriously on hiring, hence the need to over pay for "hero work" Name calling, rudeness and arrogance purveyed by business heads led to a wider trust issues within the global team. I saw many simply give up because of the risk of upsetting certain business heads. This was a shame as it suppressed intelligent thinking. Being part of a clique essential to longevity.

1.0
16 Feb 2016
Recommend
CEO approval
Business outlook

Pros

Apparent culture and all the charities supported when I joined which have sadly seen huge cuts.

Cons

The new management had to cut - sadly it is no longer a meritocracy and many good people who made money for the bank were let go as the cuts trickled down and senior managers protected allies. The best people are moving to other banks leaving a sub optimal standard, in my opinion the bank is ill equipped to meet the challenges it faces. The impact on the culture has been huge with many good people managers gone it has encouraged a much less collegiate work place. Those who remain say morale is at an all time low.

1.0
6 Dec 2018

Not here for good!

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flexible working, internal training, freebies, and some good colleagues.

Cons

Quite a few malicious people encountered where bullying and favouritism is encouraged. Poor middle management layer who hold people back and make crap decisions resulting in poor business performance and no accountability. Awful culture to the point good people just get fed up and leave. No real recognition for the unsung heroes behind the scenes. Budget cuts across the Bank from travel to resources is frustrating given senior management behaviour. Complex operating structure where key people are located on the other side of the world. Pay and bonuses are well below market average.

Viewing 1 - 3 of 10,989 Reviews

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