Société Générale

  www.societegenerale.com
  www.societegenerale.com
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There are newer employer reviews for Société Générale

1 person found this helpful  

Stable with no mobility

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Vice President  in  Jersey City, NJ
Current Employee - Vice President in Jersey City, NJ

I have been working at Société Générale

Pros

Good work/life balance with reasonable hours.
Good benefits
Vacation policy (five weeks after five years of service)
Work environment and Coworkers are usually friendly

Cons

Two tier system - promotions and management spots are given first to expatriates, regardless of experience and skills.
The Paris bureaucracy spews a steady stream of forms, status reports, processes, and KPIs. Powerpoint skills are highly valued.
Lip service given to career development

Advice to ManagementAdvice

There are mixed messages on the future of the NY branch. Be clear and honest on its direction. The new management team talks about being global. The management org chart continues to be less global.

Doesn't Recommend
Disapproves of CEO

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

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  1. 2 people found this helpful  

    Good place to work- if you are French

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - IT Analyst  in  Jersey City, NJ
    Current Employee - IT Analyst in Jersey City, NJ

    I have been working at Société Générale

    Pros

    Lots of flexibility and independence given to employees (mostly due to the managers being totally hands off ...see Cons).
    Talented Analysts and Developers (lots of smart employees at that level)

    Cons

    It is not unusual for management positions to be given to persons who have no real experience or banking knowledge...solely on the basis of their being French. You wind up with the analysts doing all of the work, managers getting the credit for doing nothing except gathering status. Maybe.

    Employees given lip service about professional development. Performance reviews more for paperwork than actual study.

    Advice to ManagementAdvice

    Try to foster an environment where all employees feel as if they are part of the team- even if they are not French.

    Doesn't Recommend
    No opinion of CEO
  2. 1 person found this helpful  

    Good company for someone really wants a life/work balance. Not for ambitious and entrepreneur

    • 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

    Generally good working environment as most employees are friendly. Good company benefits including defined benefit pension (though very low), good vacation time, work/life balance.

    Cons

    It really depends on what your job function is and which team you are in. Middle and back offices normally have good hours though relatively low pay. Front office has relatively less stress compared to top tier american investment bankers but it also shows in the pay check + bonuses. Huge turnover rates as it has hard time to retain the best performers.

    Advice to ManagementAdvice

    If your strategy is to expand in the US, you have to be ready to pay the $$$ to attact talents.

    No opinion of CEO
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