Société Générale

  www.societegenerale.com
  www.societegenerale.com

Société Générale Reviews

Updated December 8, 2014
Updated December 8, 2014
370 Reviews
3.2
370 Reviews
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Société Générale Chairman and CEO Frédéric Oudéa
Frédéric Oudéa
99 Ratings

Review Highlights

Pros
  • Work life balance isn't too bad in the right team, making a real push in some areas (in 75 reviews)

  • Was an easy-going working environment, not too much of the typical investment banker nastiness (in 16 reviews)


Cons
  • Extremely limited opportunities for non French speakers, zero interest by the managers in developing employees (in 12 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

54 Employee Reviews Back to all reviews

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  1.  

    If you want to experience unlawful behavior and poor HR practices go Soc Gen

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Managing Director in New York, NY
    Former Employee - Managing Director in New York, NY

    I worked at Société Générale full-time (more than 8 years)

    Pros

    Office culture is like working in a country where there is no respect for humanity, ethnicity or gender. Sexual jokes and racist jokes are quite common and openly told out. There is no control of any hr policies to protect bullying and sabotaging others on the basis of their background .Most important if you complain against unlawful conduct they lay you off. Stay away and save yourself from unprofessional garbage

    Cons

    Senior leadership is disconnected from the rest of the team members. Works according to the jungle law where people fight, demean and steal to get their food.

    Advice to ManagementAdvice

    Upper mamnagement needs to look at other renowned finance/banking firms within United States and promote a healthy and non hostile environment for employees to work in. HR policies should be more stringent like other American firms and taken seriously.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Management is lost

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Société Générale full-time (more than 8 years)

    Pros

    Good vacation time, if you do not perform well there probably will not be any consequences.

    Cons

    Extremely limited opportunities for non French speakers, zero interest by the managers in developing employees. Morale is very low everywhere, I do not know one person within the company who would not jump at a decent opportunity somewhere else. Management philosophy is to create assembly lines where the employees are the equivalent of machines. The culture throughout the company is one of secrecy and hoarding information without any intent on sharing. It is actually acceptable to not respond to inquiries, and follow ups to inquiries. Constant changes in the organization have eliminated any sense of team spirit, as soon as one reorg is finished everyone starts talking about what the next one will be. It has been 12 months since the last one, I think thats a record.

    Advice to ManagementAdvice

    Choose a path and stick with it. Bullet points at a town hall do not constitute quality or consistent communication. You need to convince all levels of management that sharing of information is important and hold them accountable. This is not the case currently, I know you think it is, but it is not.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    good luck getting ahead

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

    I have been working at Société Générale

    Pros

    interesting projects, but that's about it.

    Cons

    hard to feel any sort of progress

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 4 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Front Office IT in New York, NY
    Former Employee - Front Office IT in New York, NY

    I worked at Société Générale full-time (more than 3 years)

    Pros

    none if your non French

    Cons

    The 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 ManagementAdvice

    It 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..

    Doesn't Recommend
    Disapproves of CEO
  6. 3 people found this helpful  

    overall a bad experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Société Générale full-time (more than 5 years)

    Pros

    free tickets for the MOMA

    Cons

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

    Advice to ManagementAdvice

    close the branch!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 4 people found this helpful  

    Too much French

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

    I have been working at Société Générale full-time (more than 3 years)

    Pros

    Nothing good about SG. .Does not matter they move to new office or prime location in NYC until come out from their French world

    Cons

    French 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 ManagementAdvice

    No need to give any advice ..as they do not want to change

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Frustrating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Société Générale full-time (more than 3 years)

    Pros

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

    Cons

    Very 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 ManagementAdvice

    Settle on an organization and stick with it for at least a year before reorganizing again.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    No communication, no support.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Product Controller in Jersey City, NJ
    Former Employee - Product Controller in Jersey City, NJ

    I worked at Société Générale full-time (more than an year)

    Pros

    I got to meet a few nice people.

    Cons

    Management 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 ManagementAdvice

    Support 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.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    dysfunctional environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY

    I have been working at Société Générale full-time (more than 10 years)

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    it'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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    risk culture deteriorating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Managing Director in New York, NY
    Current Employee - Managing Director in New York, NY

    I have been working at Société Générale full-time (more than 10 years)

    Pros

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

    Cons

    overly 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 ManagementAdvice

    hopes 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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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