Does Syndicate Bank pay their employees well?

According to anonymously submitted Glassdoor reviews, Syndicate Bank employees rate their compensation and benefits as 3.2 out of 5. Find out more about salaries and benefits at Syndicate Bank. This rating has been stable over the past 12 months.

How satisfied are employees working at Syndicate Bank?

55% of Syndicate Bank employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Syndicate Bank 2.8 out of 5 for work life balance, 3.3 for culture and values and 3.3 for career opportunities.

What are the top reviewed jobs at Syndicate Bank?

Assistant Manager (27) , Manager (18) , Branch Manager (8) , Senior Branch Manager (5) , Senior Manager (5) , Assistant Bank Manager (4) , Bank Manager (4) , Assistant General Manager (3) , Executive (2) , Officer (2)

What are the pros of working at Syndicate Bank according to real employee reviews?

"Stability and job security was good." ((in 9 reviews)); "Secured Job 2. Satisfactory Pay 3. Career opportunities exist on promotion" ((in 3 reviews)); "Good colleagues." ((in 3 reviews))

What are the cons of working at Syndicate Bank according to real employee reviews?

"Extended Working Hours" ((in 8 reviews)); "No work life balance given" ((in 7 reviews)); "less salaries at all level" ((in 6 reviews)); "Lack of transparency in promotion and transfer processes resulting in dissatisfied employees with bad work culture and customer service, bringing bad reputation to bank." ((in 5 reviews))

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Syndicate Bank

Syndicate Bank Reviews

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3.4

55% would recommend to a friend

(157 total reviews)

Ravi Shanker Pandey

64% approve of CEO

47% positive business outlook

Ratings by category

3.9

Diversity and inclusion

3.3

Culture and values

3.3

Career opportunities

3.2

Compensation and benefits

2.8

Work/Life balance

2.7

Senior management

Syndicate Bank has an employee rating of 3.4 out of 5 stars, based on 157 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Syndicate 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

157 reviews

3.0

14 Oct 2021

Merging Bank

Anonymous employee

Recommend

CEO approval

Business outlook

Pros

Government job security environment pressure

Cons

Lack of facilities to work

3.0

7 Jan 2016

Not a good PSB to work for

Substaff

Recommend

CEO approval

Business outlook

Pros

Very good opportunity to reach higher position in bank. Loads of employees are retire in next couple of years.

Cons

They are not posting in ur district or near to your home town. I don't know the criteria for postings, simply posting randomly, without analysis on employee native place/district.

1.0

12 Mar 2019

Asst.Manager

Assistant manager

Recommend

CEO approval

Business outlook

Pros

Job Security, DA hike every 3 months and petrol allowance.

Cons

There are numerous Cons to mention. 1. Rural posting anywhere in India. This has lots of issues especially language barrier in reading and writing official or loan documents. 2. No work life balance 3. Branches has less infrastructure and resources. Even cash counting machines are not available in many branches. 4. No flexibility for vacation as the replacement is seldom available. 5. High risk job as anything missing will be the officer's responsibility. 6. Difficult to stay with family as there are frequent transfers. In my opinion, working in Syndicate Bank is not worth your time and effort. One can be better off working in an MNC in India or abroad. I did the same and it was the right decision and cannot be more happy about this decision.

Viewing 1 - 3 of 157 Reviews

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