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Helpful (4)

Scarce career opportunities and low compensation

  • 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 Société Générale full-time (More than 5 years)

Doesn't Recommend
Neutral Outlook
Approves of CEO
Doesn't Recommend
Neutral Outlook
Approves of CEO

Pros

Good reputation in europe and good products expertise

Cons

Scarce career opportunities nationally or internationally
Low remuneration and very poor bonuses
Poor HR policy
Work rarely challenging
Little management support

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  1. Helpful (2)

    risk culture deteriorating

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

    I have been working at Société Générale full-time (More than 10 years)

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

    Pros

    able to take vacation days
    weekends are your own
    rare late hours

    Cons

    overly political management structure
    top down poor risk culture - good people being forced out / down
    paris loyalists very out of touch with new york business
    risk not represented at executive committee

    Advice to Management

    hopes were high that an american ceo would mean a management structure and culture more in synch with the us businsses. But that has failed to be realized. the new / old head of risk's philosophy of allignmebt with the business is close to subjugating risk to a pro forma review function. risk senior management comes off like it doesn't take things seriously. during a recent presentation by the ceo of the global investment bank, the head of market risk fell asleep.

  2. Helpful (2)

    Bangaolre is not the answer to all of SG's problems

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Jersey City, NJ
    Former Employee - Associate in Jersey City, NJ

    I worked at Société Générale

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Decent Pay
    Decent Benefits
    Relaxed atmosphere (when its not quarter end/year end)
    They're finally updating some of thier most antiquated systems

    Cons

    Management acts in crisis mode
    If youre not French, good luck getting ahead
    Short sighted cost cutting/outsourcing initiatives.
    Everyone from the top down stopped trying at least two years ago.
    Inept and understaffed support systems
    sterotypical French laziness and inefficiency at all levels.
    Elitism of the NY office.
    HR is very disconnected with the rest of the company.

    Advice to Management

    Consider the value of ones work when you send it halfway around the world to people who will not go the extra mile.
    Make an effort to get to know your subordinates ans what they really do for you
    Stop exporting inefficiency
    Show some compassion and basic human decency for those who have been impacted and are forced to train thier Bangalore replacements
    SIlos are for Corn!

There are newer employer reviews for Société Générale
There are newer employer reviews for Société Générale

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