Standard Chartered Bank

www.standardchartered.com
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Standard Chartered Bank Reviews

Updated July 1, 2015
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3.5
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Approve of CEO
Standard Chartered Bank Group CEO Peter Sands
Peter Sands
160 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

417 Employee Reviews

Sort: Popular Rating Date
  1. Avoid Group jobs. rest of the areas of the bank seem ok

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Group Accountant in London, England (UK)
    Current Employee - Group Accountant in London, England (UK)

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    The Bank itself is good

    Cons

    Appalling work life balance, too much of a "lean team", lack of training and lack of staff to complete the work. unmanageable expectation and overall poor culture in the Group division

    Advice to Management

    Do not lie to incoming staff and set realistic examples/behaviour.


  2. Helpful (3)

    Terrible management.... Political infighting..... Too many political camps

    • 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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Never been a good bank in the last 10 years because shareholders too fragmented, senior mgmt kept changing, ousted by different camp every few years.

    Cons

    Highly paid ex Citibankers, Europeans and Indians replaced Singaporeans, old timers in the Bank, people who built the bank up in the past. The newcomers brought along people from their same background not by merits, but to shore up political connections.

    People who do work on the ground are not rewarded, while people who focused on managing their bosses get promoted. In the end, the good people left. Nobody is left to work. The bank is filled with highly paid sycophants.

    Advice to Management

    The Board should fire Peter Sands. The ex Citibank, European and Indian camps should be broken up, majority should be fired. The largest shareholder should put more Singaporean talents on senior positions.


  3. Massive changes with little thoughts and clear direction

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

    I have been working at Standard Chartered Bank

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Had the opportunity to experience the HFG days where the values were lived. Above avg health coverage. Above avg salary.

    Cons

    Slow promotion
    Massive changes and restructuring
    No idea what the top is thinking

    Advice to Management

    We are more than numbers in the organisation. We used to stand for something. We used to be HFLR, HFP, HFG.

    Are we still living that?


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


  5. Compliance manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Compliance Manager in London, England (UK)
    Current Employee - Compliance Manager in London, England (UK)

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    30 day holiday, work from home,

    Cons

    Unreasonable targets, lack of career opporttunities, unprofessional HR system

    Advice to Management

    Consider being taken over as share price is on its knees and your time has come


  6. STANDARD CHARTERED BANK

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

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

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

    Pros

    Medical facilities, holiday homes, club tie-up

    Cons

    No hike , no increment

    Advice to Management

    Be more employee centric


  7. Inefficient

    • 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

    Good benefits
    Good benefits
    Good benefits
    Good benefits

    Cons

    inefficient
    no career growth
    stupid bosses
    staff no helpful


  8. Disappointing

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Has a significantly less cut-throat culture, Better work-life balance.

    Cons

    Horrible HR policies, mediocre compensation and poor opportunities for development.

    Advice to Management

    Start caring about your image within the industry, pay better and seek to develop talent instead of buying talent from elsewhere


  9. Dont work to this company!!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Financial Executive in Butterworth (Malaysia)
    Current Employee - Personal Financial Executive in Butterworth (Malaysia)

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Working time flexible, learning new things,

    Cons

    Politic office, experienced management, bad office culture, no certificate management people , no off date

    Advice to Management

    Please do whatever you promise to !! Think in employee shoes!!


  10. Poor management.

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

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

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

    Pros

    There's enough leave for the year though.

    Cons

    Poor management for a large bank. No training for staff. Lack of growth.


  11. Mixed Bag of Experiences

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

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

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

    Pros

    - Company Benefits are good
    - Pro-European/British bank. Good careers progression if you're one of the boys.

    Cons

    - Great work life balance. Depends on the team though. Some teams work weekends for months without a break.
    - Compensation is good. Sometimes it might price you out of the market



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