Standard Chartered Bank

  www.standardchartered.com
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Standard Chartered Bank Reviews

Updated July 26, 2014
Updated July 26, 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

183 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    The Cons outnumber the Pros, but the Pros outweigh the Cons. Barely. Difficult in NY. Better in other centers.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    Pros

    Emerging markets focus is compelling and lucrative. Fiscally healthy. Weathered the recession quite well. Compensation can be very good depending on the position. Benefits package is excellent: $60/mo. employer contribution for transit, FSA, Comprehensive Medical/Dental, with domestic partner coverage, generous paid leave, 3 volunteer days/year, paid training, 4% 401(k) employer match, pension.

    Cons

    Lost opportunity to capitalize on weakness of bigger banks during downturn. Limited growth potential in NY... advancement usually requires relocation to target markets (Asia, Africa, Middle East). Terrible trading/risk management systems. Strategy from senior management is muddled. IT investment is well below the market standard.

    Advice to ManagementAdvice

    Invest more in IT. Decentralize management away from Singapore. Leverage US resources more. Hold to your strategy and present it more clearly and frequently.

  2.  

    Review of Standard Chartered

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    Pros

    Good balance between work and personal life

    Cons

    Not so much visibility in the Americas

    Advice to ManagementAdvice

    Expand footprint to other emerginh markets

    No opinion of CEO
  3.  

    Banking at SC

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

    Pros

    Fairly decent hours, focus is always on Asia so yours had better be as well. Generally friendlier place than most banks, lots of lifers but that is changing.

    Cons

    Hired lots of ex-US bankers who have then brought in their friends thus altering the culture. Share price has collapsed of later. Perks are essentially non-existent and office politics is vital.

    Advice to ManagementAdvice

    Changes required at the top are limitless, the share price has collapsed and yet the institutional investors are only now starting to talk to the FT. Reward loyalty like the bank used to or the poison will float up.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Very long hours rewarded by a fantastic view of Marina Bay

    Former Employee - Summer Analyst  in  Singapore (Singapore)
    Former Employee - Summer Analyst in Singapore (Singapore)

    Pros

    I once asked my analyst the best part of wroking fro Standard Chartered.

    24 Days annual leave :D

    The best part about working here is not working here.

    Cons

    The pay is terrible. Horrendous.

    Advice to ManagementAdvice

    Pay us more.

  6.  

    Its OK

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

    Pros

    Internal transfer is flexible, company values are good

    Cons

    Old systems, salary is low compared to market

    Advice to ManagementAdvice

    Invest more on talents

  7.  

    Experiences at SCB

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

    Pros

    International Working Environment
    Improve and Develop banking skills

    Cons

    HR was not professional at all
    The seniors were not appreciated what you'd truly contributed
    The older employees gave their tasks for the newcommers

    Recommends
  8.  

    Business Development Manager

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

    Pros

    It was a sales role so it was quite free and easy.

    Cons

    However, I think at times it may be more of relationship building between the manager and subordinate than actually achieving KPIs. So in a nutshell, it is important to please the boss.

    Advice to ManagementAdvice

    Try to be fair for a start.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    I had a great 8 years there but the culture changed significantly and it became too inwardly focussed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - MD, Human Resources  in  Singapore (Singapore)
    Former Employee - MD, Human Resources in Singapore (Singapore)

    Pros

    Great, inspiring leaders who care about what they do
    Not as bureaucratic as competitiors
    Company's Here For Good ethos is great
    Good market footprint

    Cons

    The company has become too inwardly obsessed and cautious.

    Advice to ManagementAdvice

    Cut out the BS and get back to basics!

    Recommends
    Negative Outlook
    Approves of CEO
  10.  

    Insurance manager

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

    Pros

    End to end product development

    Cons

    Turnover is high. Compensation is competitive

  11.  

    business analyst

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

    Pros

    great job,very interesting and constantly working with excel and spss.

    Cons

    alot of work before meeting with senior managers,unsatifying pay package

    Advice to ManagementAdvice

    boost the compensation package

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