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

Standard Chartered Bank Reviews

Updated Jun 28, 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
202 Employee Reviews Back to all reviews
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    Good experience

    Anonymous Employee (Current Employee)

    ProsSalary, strong values, nice environment and people

    Constoo much burocracy, bank is not focused in brazil and current external outlook for the bank is not good

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

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    Great place to learn and start your career

    International Graduate (Current Employee)
    Taipei (Taiwan)

    Pros1. Good resources
    2. Great footprint in its main networks
    3. Very friendly culture

    Cons1. Low pay
    2. Too conservative
    3. Too many regulations/rules to follow, sometimes backfiring efficiency

    Advice to Senior Management1. Be flexible

    Yes, I would recommend this company to a friend

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    Great introduction to working life

    Business Analyst (Former Employee)
    Singapore (Singapore)

    ProsWork life balance for most business groups
    Pretty competitive salary
    Good benefits and a huge focus on corporate social responsibility

    ConsInformation system issues aplenty, very manual work required to work around the system limitations
    Weak HR Team that is only visible during the recruitment process

    Advice to Senior ManagementKeep it up

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    Unfortunately, still more about connections than talent

    Anonymous Employee (Former Employee)

    ProsCorporate Values are, for the most part more genuine than in other banks, less bureaucracy than typical, people generally less "cut throat" and less selfish than in other shops.

    ConsConnections trump talent far too often
    Speaking out without someone connected behind you is career suicide
    Too short term in talent management, only see the immediate cost/return of people

    Advice to Senior ManagementThere are talented people besides WASPs and English educated Indians who deserve management positions.

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    Exciting place to work

    Customer Service Officer (Former Employee)
    Lagos (Nigeria)

    ProsTeam work and great work culture

    ConsNo good incentive for graduate who joined via routes other than the trainee scheme...and too much emphasis on UK certificates with baise to other certificate from other countries particularly Africa

    Advice to Senior ManagementBe fair

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

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    Recent merger of wholesale and consumer banking, and shifting of tech & ops roles to South Asia is ruining the bank.

    You Don't Need to Know (Current Employee)
    Singapore (Singapore)

    ProsI work in the technology division and here are my thoughts in bullet point:

    - Pay scale is pretty good. However, the range is also wide, so it boils down to how generous your boss is.
    - Work-life balance does exist, but there are some individuals who slog like slaves.
    - Most people enjoy the flexibility of working from home once in a while, as long as you deliver what is required.
    - Lots of leave for permanent employees.
    - No shortage of employee volunteering opportunities.
    - If you work in the city office, it's very accessible, but you will spend a lot of time and money on food and parking.
    - If you work in the changi office, there are more (affordable) lunch options compared to a couple of years ago, but it can be difficult getting to work if you miss the free company shuttle buses to Changi - unless you stay a couple of train stations away from Expo.
    - Medical benefits is ok, but not great when compared to other banks.
    - Group CEO is widely respected and revered.

    Cons- Most of the middle managers, and some senior managers, seldom come across as impressive when it comes to their management style or expertise.
    - Too many people were hired just because they are friends with the hiring manager, and not because they are genuinely capable of what they do. If you want to shift to another role within the bank, you have to spend a lot of time and effort networking.
    - This bank is horribly, terribly disorganised, and many things are done last minute. This compromises the quality of work.
    - When it comes to new business opportunities or innovation in banking, they are always one step behind other banks.
    - Managers of south asian descent tend to hire people of the same race. Other people have also said that they generally have difficulty adapting to the working styles of other races.
    - There is a lot of shifting of tech & ops roles to South Asia for the sake of lowering costs. I personally think it's a recipe for disaster. Most of the time, the southern Asian counterparts are seriously lacking basic communication and listening skills. They are not efficient in delivering outcomes and many projects get delayed very badly. Project cost over-runs can get rather alarming. When they say "yes, it's done" or "yes, it will be done", it usually turns out to be the opposite. I don't believe it to be true for all south Asians, and there are exceptional cases within the bank (though very few), but such sentiments are echoed by many other non-south-Asians in the organisation.
    - Quite a lot of redundancies were made with the recent merger of its wholesale and consumer banking business. Sometimes these retrenchments happen so fast, it's just bollocks!
    - Since the merger, everything is in a state of confusion and semi-chaos because people are not sure where the company is heading, how they should navigate the organisation to get things done and how it impacts their promotion and pay. There has been little communicated to staff worldwide.
    - From time to time, you hear about women sleeping up the corporate ladder. And they still get away with it.
    - Didn't bother about the employee share options - doesn't seem attractive.

    Advice to someone who is thinking of joining this organisation soon:
    - Wait for the dust of the recent reorganisation to settle first. I suspect this may take about a year from now.

    Advice to Senior ManagementFocus on hiring the right people with the right skills, and not just base it on personal connections. So much more can be done to improve employee diversity of skills, gender, sexuality and race.

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

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    An exciting place to work if you don't mind much about compensation level

    Software Engineer (Former Employee)
    Singapore (Singapore)

    ProsManagement team generally have their eyes "on the ball". Team culture is positive and enjoys high level of collaborative work. IT process is more matured than some other banks.

    ConsThe compensation level should be higher in centers like Singapore or London. Senior management acknowledged their high staff attrition rate in Singapore probably due to this non-competitive factor.

    Yes, I would recommend this company to a friend

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    Good place to work

    Relationship Manager (Former Employee)
    Nairobi (Kenya)

    ProsGreat training, great employee wellness program, good environment to star a career

    Consimprove benefits, little growth for most staff

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

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    Great place to work in if you're looking for challenges and opportunities

    Manager (Current Employee)
    Singapore (Singapore)

    Prosthe Bank encourages internal movement across border

    ConsBanks are old school and conservative in technology

    Advice to Senior Managementinvest more on technology

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

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    Great

    Intern (Former Employee)
    Singapore (Singapore)

    ProsOpen plan offices, easy communication regardless of rank.
    Nice pantry with coffee.
    Colleagues from many countries

    ConsFast paced
    Occasional long hours during peak periods.
    Depending on your work, some are swamped with responsibilities.

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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 202 reviews posted anonymously by Standard Chartered Bank employees.