Standard Chartered Bank

  www.standardchartered.com
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Standard Chartered Bank Reviews

Updated August 16, 2014
Updated August 16, 2014
572 Reviews

3.5
572 Reviews
Rating Trends

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

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 47 reviews)

  • Nice working environment inside the company (in 38 reviews)


Cons
  • work life balance based upon projects (in 19 reviews)

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

More Highlights

303 Employee Reviews Back to all reviews

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  1.  

    Disappointing

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

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Dont work to this company!!!

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

    Pros

    Working time flexible, learning new things,

    Cons

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

    Advice to ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Poor management.

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

    Pros

    There's enough leave for the year though.

    Cons

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Mixed Bag of Experiences

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

    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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Manager

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

    Pros

    Benefits are reasonable. There is no outstanding pros to mention.

    Cons

    Office politics are terrible. Very low integrity. Inefficient in producing value added work. Very judgemental peers, resulting to low morale.

    Advice to ManagementAdvice

    Very unfortunate it is not up to a foreign bank standard.

    Doesn't Recommend
  7.  

    my first job

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

    Pros

    was satisfied employee 4 years before after management has changed things have become worse

    Cons

    does not consider loyal employees, they take new employees with higher salaries

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    review

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

    Pros

    good work env at the bank

    Cons

    there are no cons there

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    “Broken promises, increasingly insanely bureaucratic, grade discriminatory, low paying, crazy hours”

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

    Pros

    Supposed opportunities to go abroad - but these are very rare and never sponsored or supported or promoted by your local managers..

    Cons

    Cons – Work life balance at Standard Chartered does not exist. thanks to the quality of managerial staff they've hired and the training they impart to them (cause they won't train you)... your manger will think he has hired you as a personal slave on call 24/7/365 (i kid you not) ... and that you work for him and not the organization. Forget fair compensation. they will sell you statements to the effect of how 'competitive' (read: low) their salary structure is - of how the 'bonus' structure puts you ahead of everyone else... empty hot air. thats all. at 'review' time - which btw you will not have because the management does not have the guts to do this face to face - and in any case your rating is already decided weeks in advance and there is very little you can argue to impact it... so you merely get handed a paper that says what you've been 'rated' and what your 'compensation' is - and a speech about how 'difficult' things are etc and that what you've been given is better than anyone else... even though the 'bank made a killing in the market and is the most profitable out there'...

    career progression - they still follow the 'bell curve' methodology to rate 'talent' (its easiest and they've kinda grown adept at it of late) - not that you will know what you've been profiled - where you can improve - what is expected of you. but there are forms somewhere to these effect that someone is filling out about you. rest assured. they do follow processes on paper. but your ranking/status/profile will never be shared with you - nor will you have a clue of what/how you're doing - until the review - and not even then...

    personal growth/upskilling/ trainings. on paper only. its all up to you when you find the time and opportunity for these on your own for your own.

    HR at Standard Chartered suxs. it does not exist to assists, guide, *gawd forbid* mentor, inform, defend, enforce employee supportive policies of any sort - it is merely a tool to recruit fodder for the grinder, and ensure paper filling exercises with fancy names are completed, mostly post dated - just to complete the process. you will not have an HR relationship manager that you will have ever met. and if you have nothing will ever have come out of it in your favor.

    benefits. these don't exist beyond the statutory requirements of 'medical' and 'housing' - which as statutorily defined are a third of your paltry basic pay - because they are a 'reward' structured organization - with competitive salary structures.. but this rule is not uniformly applied for there are numerous examples to the contrary - entirely composed of fresh hires... not all of whom are fortunate enough to get this exemption...

    Advice to ManagementAdvice

    Hire competent human beings and not mere yes men or favorites/relatives for management positions. Grow the organization internally. your staff are human beings - just like you - and would like to be treated to the same courtesies, policies, and fairness as you. Work can hold for the next day - the world will not come to an end. Compensate everyone for work done if at par is challenging for you - how do you justify exorbitant salaries for certain individuals at the same job grade and not for others? why do new hires get paid over the top - you have such little faith in your internal organization / why is there no succession planning *grooming* internally!?

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 2 people found this helpful  

    What you do will be really different from what's written on their website and during recruiting.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fast Track Graduate  in  Taipei (Taiwan)
    Current Employee - Fast Track Graduate in Taipei (Taiwan)

    Pros

    Good employment benefits (15 days annual leave at least, vacation expense complementary)
    No check-in and check-out, which is very different from the traditional local way.

    Cons

    The programme basically offers little on-job training and involves lots of time when you have to force sell people products. You will be doing what a salespeople do and that's the only thing you will be doing in this programme as well.

    Also, there's a lack of team spirit among colleagues; this could be due to the fact that most of the colleagues you will be working with are sales people in a branch who receive constant pressure from the branch manager and working in a team wouldn't help them in expanding their business so they are not encouraged to cooperate with one another, but rather work alone.

    Advice to ManagementAdvice

    Matrix management style can cause a lot of conflicts and troubles.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    RETAIL BANKING IS A HORRIBLE PLACE

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

    Pros

    staff benefit is not fantastic but ok.

    Cons

    bad operation
    unreasonable target
    managment always come first and unreceptive to feedback from lower level
    does not respect lower level staff
    no proper segregation of duties between departments.

    seriously does not encourage anyone to come here, esp fresh graduate who would like to consider a career in banking sales this place is a definite no no.

    Advice to ManagementAdvice

    have to start treating staff fairly

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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