Standard Chartered Bank Reviews

Updated July 23, 2015
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Standard Chartered Bank Group CEO Bill Winters
Bill Winters
1 Rating

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

153 Employee Reviews

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  1. 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.


  2. 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.


  3. 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


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  5. 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.


  6. Good brand to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in San Francisco, CA
    Current Employee - Manager in San Francisco, CA

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

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

    Pros

    Aggressive Fast Multi Culture Learning new Tech Always busy

    Cons

    Worklife balance not good in SCB


  7. Start-up culture but large matrixed organization

    • 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 (More than 5 years)

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

    Pros

    Those identified as top performers are given lots of opportunity for upward and lateral mobility, which is good for people who prefer a general management (vs specialization) career track. Senior management in London and other regional headquarters seem to care about making things better. Values based organization which is open to giving back to the community. Lots of opportunity for volunteerism.

    Cons

    Hard to navigate matrixed organisational structure - which often slows down decision making and results in lack of ownership (probably common with all large global companies?) A lot of managers just focus on pleasing upper management, often ignoring or trying to cover up the real problems and issues. Majority of internal infrastructure outdated or not user friendly

    Advice to Management

    Good job on people management.


  8. Excellent Experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Senior Recruiting Specialist in San Francisco, CA
    Current Contractor - Senior Recruiting Specialist in San Francisco, CA

    I have been working at Standard Chartered Bank as a contractor (Less than a year)

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

    Pros

    Great culture, collaborative, everyone takes a team approach and is respectful of one another in Talent Acquisition, America. The Head of the TA team is very supportive, patient, and realistic regarding deadlines and goals to be met. He is very hands-on and open with his lines of communication and direction. the TA group thinks like "true" business partners to the business lines we supported not HR drones kept in the dark. I give a thumbs up to working with this team.

    Cons

    Lack of opportunities outside of Newark, NJ - which is a very undesirable working environment and unsafe location. The open work space concept can be very distracting which causes a disconnect due to people then searching for a quite place to work or from home.

    Advice to Management

    See above


  9. Relationship manager- Priority Banking

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

    I have been working at Standard Chartered Bank

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

    Pros

    Stable organization, Strong Value system, great incentives, Good ppl around.

    Cons

    Lotsss and lots of processes.

    Advice to Management

    Processes are eating away the productive time..


  10. Contract base

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - CDD Analyst in Singapore (Singapore)
    Current Contractor - CDD Analyst in Singapore (Singapore)

    I have been working at Standard Chartered Bank as a contractor (Less than a year)

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

    Pros

    Well mix of junior and senior members in the team. Abundant opportunities to learn

    Cons

    No job security as there is low probability of conversion.


  11. Very good Bank to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Associate - Management Reporting in Mumbai (India)
    Current Contractor - Associate - Management Reporting in Mumbai (India)

    I have been working at Standard Chartered Bank as a contractor (More than a year)

    Pros

    Work culture is very good to work

    Cons

    Work life balance is an issue in Finance.



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