Standard Chartered Bank
3.5 of 5 552 reviews
www.standardchartered.com London, United Kingdom 5000+ Employees

Standard Chartered Bank Reviews

Updated Jun 17, 2014
All Employees Current Employees Only

3.5 552 reviews

                             

90% Approve of the CEO

Standard Chartered Bank Group CEO Peter Sands

Peter Sands

(223 ratings)

76% of employees recommend this company to a friend
54 Employee Reviews Back to all reviews
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    Usual politics, tough for contractors, as they are not treated with much respect by management.

    IT Support (Former Employee)
    New York, NY

    ProsLocation was nice in Manhattan, near Penn Station.

    ConsVery political environment, working hard will not be enough.

    Advice to Senior ManagementAudit managers to see if they are taking kick-backs from vendors.

    No, I would not recommend this company to a friend

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    nothing worthy

    Anonymous Employee (Former Employee)

    Prosdecent training and culture here

    Constop heavy; sluggish growth opportunity

    Advice to Senior Managementrock the boat

    No, I would not recommend this company to a friend

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    In the boondocks in Manhattan - NY outpost of Asian focused London based bank

    Director (Former Employee)
    New York, NY

    ProsDecent pay; nice office space

    ConsAnachronistic culture; too bureaucratic and Asian focused

    Advice to Senior ManagementWelcome to the 21st century

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    Great people, dysfunctional management

    Anonymous Employee (Former Employee)

    ProsSCB has some great people, pockets of opportunities to have autonomy and make a real difference in the organisation, salaries are good, people will sometimes take a risk on you and allow you to develop, cross functional working can be really productive, lack of hierarchical barriers to access people mean exposure to seniors can happen more easily

    ConsThere is a fear culture around making mistakes so things get passed down the line to the more junior staff which creates huge stress and big mistakes, lack of visible accountability at the senior levels, big focus on operational cost issues so middle and junior management get put under huge pressure to deliver 200% with minimal resources, very political at the seniors

    Advice to Senior ManagementVisibly role model your values and be seen to take accountability for mistakes, people are very forgiving if you are authentic

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

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    No work life balance

    HR Professional (Former Employee)
    Makati City (Philippines)

    ProsVery competitive benefits and career programs for the employees. There are non-work related activities on a quarterly basis to help keep employees engaged. Good corp citizenship.

    ConsThere is no room to grow in this Bank. Although it has been in the Market for quite sometime, its brand is not as competitive as other international banks in the country. Applying for internal mobility is very challenging. Promotion is quite slow and you lose a lot of people just because movement is very steep.

    Advice to Senior ManagementOpen a lot on internal opportunities for people to grow. Create more balanced work allocation for people so they can learn and enjoy while doing their work.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    disconnected..

    Anonymous Employee (Current Employee)

    Prosvarious benefits and strong culture

    Conspoor compensation, irresponsible attitudes, disconnect between the management and staff

    Advice to Senior Managementcompensate employees better, both monetary and advancement opportunities

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

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    3 people found this helpful  

    Great place for those who aspire to experience emerging markets banking, but people side has room for improvement

    Manager (Current Employee)

    ProsHas a relatively flat organization structure, which allows you to present your ideas to senior executives. Colleagues treat you as peers and you can pretty much dictate which projects/ initiatives you want to work on by either presenting your concept, or putting your hands up. The exposure to a plethora of markets is unparaleled. You get to meet a large number of people from across the network and at all different levels throughout the bank.

    Has a relatively relaxed culture.

    ConsIt's a large universal bank, so expect a highly matrixed structure. For many years, hiring practices has been questionable, meaning the ethnic mix of staff/ and placement of staff in markets may not be in the best interest of shareholders, "minority" group staffs and the bank itself. This is unlikely to change and could result in a talent brain drain - where top-notch bankers either leave, or do not have Stanchart on their consideration list of potential employers.

    Advice to Senior ManagementWhllst we recognize the importance of shareholder value, please try and ensure that you adhere to core corporate values and more importantly, Diversity & Inclusion. It's not too late to reposition the bank in the heart's and mind's of customers and staff.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Horrible.

    NYSC (Former Employee)
    Lagos (Nigeria)

    ProsThere is a lot to learn working in the bank.

    ConsPolitics.
    You need a God father or God Mother to rise through the ranks.

    Advice to Senior ManagementTreat NYSC Corpers well and not just as trash.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Too much politics, no career progression, promise or planning in place

    Anonymous Employee (Former Employee)

    ProsAdequate pay and decent work life balance

    Conspolitics, no career growth opportunities

    Advice to Senior Managementgive existing employees an opportunity to grow rather than hiring senior resources externally

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

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    relentless

    Customer Service Representative (Former Employee)
    Hong Kong (Hong Kong)

    Prosfun during rapid expansion; some nice people

    Conshighly political; senior management teflon

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

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Glassdoor is your free inside look at Standard Chartered Bank reviews and ratings — including employee satisfaction and approval rating for Standard Chartered Bank CEO Peter Sands. All 54 reviews posted anonymously by Standard Chartered Bank employees.