Société Générale

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Société Générale Reviews

Updated Jul 18, 2014
All Employees Current Employees Only

2.9 318 reviews

72% Approve of the CEO

Société Générale Chairman and CEO Frédéric Oudéa

Frédéric Oudéa

(83 ratings)

49% of employees recommend this company to a friend

Review Highlights

Pros
  • Work life balance isn't too bad in the right team, making a real push in some areas (in 72 reviews)

  • interesting working environment, global operations (in 23 reviews)


Cons
  • French top brass do not believe any NON French people (in 10 reviews)

  • Career advancement for those who don't come from the Grandes Ecoles / Societe Generale Paris office pipeline can be difficult (in 7 reviews)

More Highlights
49 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    good luck getting ahead

    Anonymous Employee (Current Employee)

    Prosinteresting projects, but that's about it.

    Conshard to feel any sort of progress

    No, I would not recommend this company to a friend

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

    4 people found this helpful  

    The world of dead front office technology, robotic managers and cultural silos... run for the hills

    Front Office IT (Former Employee) New York, NY

    Prosnone if your non French

    ConsThe front office technology is the worst I have seen at any bank. It does not work and its overly complicated. Everyone in IT and quant dev are hostile, they work in technology silos and they all have hidden agenda's. More emphasis is placed on the education you have rather than the actual creation of the idea for example only people from the top Ecole's are suppose to have ideas everyone else is a dog. Do yourself a huge favor avoid this bank at all costs you will writing off a few years of life with nothing to show.

    Advice to Senior ManagementIt wouldn't matter what I said their are hundred layers between people who do the work and those that drive the banks course, its that far removed..

    No, I would not recommend this company to a friend

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

    3 people found this helpful  

    overall a bad experience

    Vice President (Former Employee) New York, NY

    Prosfree tickets for the MOMA

    Constoo much managers and no leadership
    not enough people to do the job
    big turnover : good people dont stay

    Advice to Senior Managementclose the branch!

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

  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
    • Disapproves of CEO

    2 people found this helpful  

    Too much French

    Anonymous Employee (Current Employee)

    ProsNothing good about SG. .Does not matter they move to new office or prime location in NYC until come out from their French world

    ConsFrench top brass do not believe any NON French people ...Every group is pretty much headed by French .Treat US office as their Old time 'Colony' .Suddenly start talking in French during meeting. Not sure why they call global bank ....should call themselves French bank with outshores offices in US ..

    Advice to Senior ManagementNo need to give any advice ..as they do not want to change

    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
    • No Opinion of CEO

    1 person found this helpful  

    Frustrating

    Anonymous Employee (Current Employee) New York, NY

    ProsOverall talent level quite low, so it is easier to advance

    ConsVery little concern for employees by management. Staff development is not considered HR or managers responsibility. There is a significant reorganization once per year, so the managers have to spend significant amounts of time on that rather than managing their teams. There is a large cultural gap between French and American employees in the NY office. Surprisingly, while this may seem obvious, the management and HR do nothing to address or manage the problem of culture and communication. I would agree with many other reviewers, if you do not speak French I would not recommend working here.

    Advice to Senior ManagementSettle on an organization and stick with it for at least a year before reorganizing again.

    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
    • No Opinion of CEO

     

    No communication, no support.

    Product Controller (Former Employee) Jersey City, NJ

    ProsI got to meet a few nice people.

    ConsManagement did not know details of the work process.
    There was no communication from management.
    No training from management.
    Fellow employees were not willing to answer questions.
    Minimum 30 day notice required to leave.

    Advice to Senior ManagementSupport the employees in your group. They will be more loyal to the bank, if you do. Know what your employee's jobs are, it will make you a better manager.

    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
    • Disapproves of CEO

    2 people found this helpful  

    dysfunctional environment

    Director (Current Employee) New York, NY

    Proscan take vacations
    mostly ok work life balance, unless they fire your team and leave you to do the work of four people

    Consbad management
    short sighted
    promotions based on considerations other than competence
    not friendly management environment for women.

    Advice to Senior Managementit's ok to have to downsize the us footprint, it's ok to have to cut headcount, but it's very unfortunate when you push out the smart people and promote the mediocre. what i've seen happen over the last year is smart people leave for other companies (Credit Suisse, Bank of America) or retire. Especially bad place for women. Since Diony Lebot left (first woman CEO in the US), it's gotten much worse. more than 100 people have left since the last round of layoffs and most of them are female because the work environment is so poor.

    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
    • Disapproves of CEO

    2 people found this helpful  

    risk culture deteriorating

    Managing Director (Current Employee) New York, NY

    Prosable to take vacation days
    weekends are your own
    rare late hours

    Consoverly political management structure
    top down poor risk culture - good people being forced out / down
    paris loyalists very out of touch with new york business
    risk not represented at executive committee

    Advice to Senior Managementhopes were high that an american ceo would mean a management structure and culture more in synch with the us businsses. But that has failed to be realized. the new / old head of risk's philosophy of allignmebt with the business is close to subjugating risk to a pro forma review function. risk senior management comes off like it doesn't take things seriously. during a recent presentation by the ceo of the global investment bank, the head of market risk fell asleep.

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

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

    2 people found this helpful  

    Bangaolre is not the answer to all of SG's problems

    Associate (Former Employee) Jersey City, NJ

    ProsDecent Pay
    Decent Benefits
    Relaxed atmosphere (when its not quarter end/year end)
    They're finally updating some of thier most antiquated systems

    ConsManagement acts in crisis mode
    If youre not French, good luck getting ahead
    Short sighted cost cutting/outsourcing initiatives.
    Everyone from the top down stopped trying at least two years ago.
    Inept and understaffed support systems
    sterotypical French laziness and inefficiency at all levels.
    Elitism of the NY office.
    HR is very disconnected with the rest of the company.

    Advice to Senior ManagementConsider the value of ones work when you send it halfway around the world to people who will not go the extra mile.
    Make an effort to get to know your subordinates ans what they really do for you
    Stop exporting inefficiency
    Show some compassion and basic human decency for those who have been impacted and are forced to train thier Bangalore replacements
    SIlos are for Corn!

    No, I would not recommend this company to a friend

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

    2 people found this helpful  

    Unless you are french, no a good place

    Anonymous Employee (Current Employee) New York, NY

    Proshours are good and vacation is respected

    Consno advancement unless you are french

    Advice to Senior ManagementHire local Management

    No, I would not recommend this company to a friend

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