Standard Chartered Bank

www.standardchartered.com
Profile Unclaimed

Standard Chartered Bank Reviews

Updated February 13, 2015
Updated February 13, 2015
69 Reviews
2.0
69 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Standard Chartered Bank Group CEO Peter Sands
Peter Sands
69 Ratings

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 67 reviews)

  • Work life balance as they have flexi hour with good working environment (in 44 reviews)


Cons
  • Work can get a bit hectic, sometimes difficult to maintain a work-life balance (in 23 reviews)

  • long working hours, low pay, no recognition at work unless youre an indian (in 15 reviews)

More Highlights

69 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Can Learn A Lot But Highly Political

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

    I worked at Standard Chartered Bank (more than 3 years)

    Pros

    Broad international presence
    Opportunities to live and work abroad
    Very interesting Emerging Markets business
    You can learn a lot
    Great franchise in many interesting markets

    Cons

    Extremely political environment
    Skill level and work product actually counts for very little
    EXTREMELY bureaucratic, smallest decisions driven by overseas HQ
    Even high level execs in US really don't have much power
    Environment discourages speaking up/encourages sycophants
    Massive churn
    "Run scared" culture
    Lack of transparency/honesty by senior management

    Advice to ManagementAdvice

    Devolve power
    Trust the skills and experience of the people you've hired
    Shake up senior management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Nice work culture but lots of fraud going on

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

    I worked at Standard Chartered Bank full-time (more than a year)

    Pros

    Benefits and pay are really nice. The base salary might be less than at other banks but the benefits and stock options are insanely generous

    Cons

    I feel that the culture of the bank is very elitist

    Advice to ManagementAdvice

    Stop being afraid.

    Recommends
    Negative Outlook
    Disapproves of CEO
  3.  

    Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 a year)

    Pros

    Great place to work and do good work if you want to do really like banking, great opportunities to do great business

    Cons

    bad work life balance, managers dont care about you, difficult to survive office politics, time off policies are bad

    Recommends
    Positive Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Usual politics, tough for contractors, as they are not treated with much respect by management.

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

    I worked at Standard Chartered Bank as a contractor (more than a year)

    Pros

    Location was nice in Manhattan, near Penn Station.

    Cons

    Very political environment, working hard will not be enough.

    Advice to ManagementAdvice

    Audit managers to see if they are taking kick-backs from vendors.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    nothing worthy

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

    I worked at Standard Chartered Bank full-time

    Pros

    decent training and culture here

    Cons

    top heavy; sluggish growth opportunity

    Advice to ManagementAdvice

    rock the boat

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

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

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

    I worked at Standard Chartered Bank full-time (more than a year)

    Pros

    Decent pay; nice office space

    Cons

    Anachronistic culture; too bureaucratic and Asian focused

    Advice to ManagementAdvice

    Welcome to the 21st century

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    Cronyism, bleeding of values over a very short time frame, poor decision making from senior management

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

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

    Pros

    -Diverse cultural exposures
    -Decent work ethos with regards to honesty
    -Customer-oriented service
    -Good learning opportunities if you exhibit a willingness to learn
    -Great branding in the retail banking facet of the industry
    -Work-life balance is attainable

    Cons

    -Poor integration of technologies to support middle to back-end processes. resulting in unexplained manual workarounds
    -Cronyism is prevalent across the bank's middle to senior management
    -Culture and values have waned drastically despite regular "recommitments" expected from employees, all within a short span of 2 years
    -Inadequate compensation for entry level positions, incommensurable with efforts/skills required
    -Frequent shirking of responsibilities from highly concerned parties/units, resulting in preventable stand-stills
    -Bootlicking is rewarded greatly, as compared to pure and honest work with intention to improve
    -Lack of foresight involving big decisions- too often have we been making preventable losses despite early signs and warnings
    -Big foreigner base (lots of Indians) who come on board based on friendship rather than proven track records
    -Slow career progression and wage adjustment is pathetic

    Advice to ManagementAdvice

    -the current CEO and Ex-Co must go, dissociative strategic directions have taken a big toll on the global brand
    -re-assess hiring practices, including contract workers (there are too many Indians)
    -inculcate an ownership culture in the ranks to put collective manhours to good use

    Doesn't Recommend
    Negative Outlook
  9. 1 person found this helpful  

    Poor Leadership took a good bank down. This was a bank which had real presence and respect till 2008.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Managing Director in Singapore (Singapore)
    Former Employee - Managing Director in Singapore (Singapore)

    I worked at Standard Chartered Bank full-time (more than 8 years)

    Pros

    Was one of the best International banks in emerging markets
    Decent compensation
    Strong performance and sales culture, overall good experience to learn at all levels
    Good international opportunities for talented staff
    Diverse leadership

    Cons

    -Leadership under the current CEO (since 2006) slowly eroded the culture of this bank. There was an emphasis to bring in people from the outside who really didnt have the experience, culture and the vision and changed the fabric of the bank. So many experienced hands have left proactively or through the process of many restructures.
    -The Wholesale Bank dominated for years, and now they are paying for this in the form of heavy credit losses which is affecting financial performance and creating uncertainty e.g. recent divestment of businesses acquired in the last 5-6 years.
    -You get a sense that nepotism works and that this is still a bank with some colonial mindset at the top
    -Poor career planning for staff on expat roles leading to uncertainty and disruption in professional and personal lives.
    -Does not reward staff who speak their mind or challenge management (in a positive way). There is pressure to conform.
    -Considerable pressure to deliver short term results which affects your long term performance. This also promotes unhealthy behavior in managers who tend to push hard for performance irrespective of external or market conditions.

    Advice to ManagementAdvice

    Time for a change in top leadership, and focus on building the culture of the past. Build a company where people will be once again proud to work for

    Recommends
    Negative Outlook
    Disapproves of CEO
  10.  

    Have been with scb for a year as a front liner.

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

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

    Pros

    Plenty of learning and internal promotion opportunities.

    Cons

    Too frequent change of bank policies and inefficient meetings which lead to inefficiencies. Unfriendly working environment and unrealistic expectations fm management. Micro management style.

    Advice to ManagementAdvice

    Be consistent in terms of communications and actions. Be nice to employees as we can be the most valuable assets to company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Management fails to adhere to contractual terms

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

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

    Pros

    # Vibrant working environment, possibly one of the, if not the most international offices around
    # Excellent non-monetary benefits
    # Poised to out-perform due to extensive presence in emerging markets

    Cons

    # Management fails to adhere to contractual terms
    # Below industry monetary remuneration package for entry-level positions
    # Poor Gen-Y engagement
    # Lack of transparency (in terms of strategic decisions from upper management)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

Standard Chartered Bank Photos

Work at Standard Chartered Bank? Share Your Experiences

Standard Chartered Bank

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.