There are newer employer reviews for Société Générale

2 people found this helpful  

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)

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 ManagementAdvice

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.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

349 Other Employee Reviews for Société Générale (View Most Recent)

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  1. 2 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate in Jersey City, NJ
    Former Employee - Associate in Jersey City, NJ

    I worked at Société Générale

    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 ManagementAdvice

    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!

    Doesn't Recommend
    Disapproves of CEO
  2.  

    A good learning experience that fosters growth

    • 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

    I have been working at Société Générale

    Pros

    The company is a great place to grow as a person as it provides career opportunities
    Fosters professional growth as training is relatively easy to obtain if desired

    Cons

    Compensation is not comparable to competitors
    Career opportunities are sometimes provided without the appropriate training
    Focus more on retaining local talent, rather then the over abundance of 2 year contract of Paris employees.

    Advice to ManagementAdvice

    Reinforce career opportunity provided to employees with the apporpriate types of training to prepare them for the new role. This can avoid the employees from failing.

    Recommends
    No opinion of CEO
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