Standard Chartered Bank Reviews

Updated July 23, 2015
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3.5
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Standard Chartered Bank Group CEO Bill Winters
Bill Winters
5 Ratings

Pros
  • Good work-life balance; Various businesses to move around; lazy work culture; (in 67 reviews)

  • Nice working environment inside the company (in 44 reviews)

Cons
  • Poor work-life balance particularly in Retail business (in 23 reviews)

  • highly stressful along with long working hours (in 15 reviews)

More Pros and Cons

427 Employee Reviews

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  1. Helpful (1)

    Great bank

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

    I have been working at Standard Chartered Bank full-time (More than 10 years)

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

    Pros

    It is a great institution, new management is going to have a great impact. This bank will be in the top soon. Great people.

    Cons

    It is great place to work, perhaps the integration between SCB and all WS leavers from Lehman created a toxic environment.


  2. Helpful (1)

    Excellent

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

    I have been working at Standard Chartered Bank full-time (More than 10 years)

    Pros

    good client oriented environment with deep focus on strategy and capital. understanding management that is keen to see you do well. good work-life balance

    Cons

    Americas is not part of the footprint, so operations here will remain small(ish). but place still provides many opportunities for individuals willing to work hard and move up and around (globally)

    Advice to Management

    Provide more local learning opportunities to business staff. salary review should be frequent and rewarding of superior performance should be key.


  3. great bank going through trouble and management shake up

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

    I have been working at Standard Chartered Bank

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

    Pros

    Good benefits, congenial work environment

    Cons

    Going through uncertainties because of management shake up. Restructuring and cost cutting/lay offs possible.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (2)

    If you are optimistic and ambitious, do not waste your life here

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

    I have been working at Standard Chartered Bank

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

    Pros

    - International mobility and travel. - Helpful employees

    Cons

    - Employees do not believe in organisation or product. Always making fun of how horrible it is. I do not understand why they do not leave. - Very average employees. Organisation goes down to the level of the lowest common denominator. Why should the ambitious employees bother putting in any effort, if everything is going to stall because of poor processes and incompetent employees? - Senior management totally out of touch with reality. - Technology is terrible. Very confusing processes - people just make it up as they go along. Often work becomes compensating for poor technology and processes. - Extremely bloated organisation. Too many cooks to spoil the broth. Everyone asks for status updates - creates duplication of communication.

    Advice to Management

    Trim the fat in management and senior management, for god's sake. We all hope Bill Winters is a clairvoyant man.


  6. Helpful (2)

    Company is great. Still undergoing a lot of changes

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

    I have been working at Standard Chartered Bank full-time (More than a year)

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

    Pros

    Great benefits and flexibility. Get to work from home and has great potential if you want to work internationally.

    Cons

    Some managers try and hold you back from progressing in your career.

    Advice to Management

    Allow people to get more opportunity to grow, if there is room to grow and stop "black balling" them because you don't want to lose and employee. You can only consider yourself a good manager, by promoting and empowering those who served under you.


  7. SBC review

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

    I have been working at Standard Chartered Bank full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Willing to make progress.

    Cons

    Slow on boarding process, outdated alert monitoring system, and backlogs.


  8. overall nice place to work but too many things need substantial improvement

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

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

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

    Pros

    This place offers an opportunity to achieve fair work-life balance. You will likely find people to be nicer than in other shops. They place a strong emphasis on their values and culture.

    Cons

    It is quite a bureaucratic environment. It doesn't offer ample career or growth opportunities. Pretty conservative place as well.

    Advice to Management

    we need to clean up our own backyard: to review our policies and philosophy, to be willing to change our mindset and behavior where necessary, to better listen to our own people.


  9. Helpful (1)

    Internationally focused bank

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

    I have been working at Standard Chartered Bank full-time (More than 3 years)

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

    Pros

    Clear focus on Asia Africa and middle east markets Over all product offering and capability is just as good if not better than most top tier banks Often compared to HSBC, much smaller bank, but better global capabilities Good risk management

    Cons

    Limited presence in the US The bank's strategy can get in the way of good business, ie the bank may turn away business that does not have an large international component Internal politics can be very active Bank has a lower profile in the US


  10. Helpful (1)

    Was a decent company, but seems to be sliding each year.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Standard Chartered Bank

    Pros

    Advancement opportunities were great and the bank encourages you to spend time overseas so there can be a lot of travel or short/long term assignments abroad.

    Cons

    Senior management doesn't seem to know what the next steps are. There has been a shakeup throughout the bank and I saw lots of good people leave on the back of it who knew the bank well.


  11. Great place to work

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

    I have been working at Standard Chartered Bank

    Pros

    Great people. Ready to help at a moment's notice.

    Cons

    Work can get a bit hectic, sometimes difficult to maintain a work-life balance



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