Standard Chartered Bank

www.standardchartered.com
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Great and eye opening

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Intern - Summer Intern in Shanghai, Shanghai (China)
Current Intern - Summer Intern in Shanghai, Shanghai (China)

I have been working at Standard Chartered Bank as an intern (Less than a year)

Recommends
Positive Outlook
Recommends
Positive Outlook

Pros

The desks in the office are equally spaced and of same size - there is no sign of hierachy at all!

Cons

People are generally less aware of social within SCB.

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  1. “Broken promises, increasingly insanely bureaucratic, grade discriminatory, low paying, crazy hours”

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Karāchi (Pakistan)
    Current Employee - Anonymous Employee in Karāchi (Pakistan)

    I have been working at Standard Chartered Bank full-time (More than 5 years)

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

    Pros

    Supposed opportunities to go abroad - but these are very rare and never sponsored or supported or promoted by your local managers..

    Cons

    Cons – Work life balance at Standard Chartered does not exist. thanks to the quality of managerial staff they've hired and the training they impart to them (cause they won't train you)... your manger will think he has hired you as a personal slave on call 24/7/365 (i kid you not) ... and that you work for him and not the organization. Forget fair compensation. they will sell you statements to the effect of how 'competitive' (read: low) their salary structure is - of how the 'bonus' structure puts you ahead of everyone else... empty hot air. thats all. at 'review' time - which btw you will not have because the management does not have the guts to do this face to face - and in any case your rating is already decided weeks in advance and there is very little you can argue to impact it... so you merely get handed a paper that says what you've been 'rated' and what your 'compensation' is - and a speech about how 'difficult' things are etc and that what you've been given is better than anyone else... even though the 'bank made a killing in the market and is the most profitable out there'...

    career progression - they still follow the 'bell curve' methodology to rate 'talent' (its easiest and they've kinda grown adept at it of late) - not that you will know what you've been profiled - where you can improve - what is expected of you. but there are forms somewhere to these effect that someone is filling out about you. rest assured. they do follow processes on paper. but your ranking/status/profile will never be shared with you - nor will you have a clue of what/how you're doing - until the review - and not even then...

    personal growth/upskilling/ trainings. on paper only. its all up to you when you find the time and opportunity for these on your own for your own.

    HR at Standard Chartered suxs. it does not exist to assists, guide, *gawd forbid* mentor, inform, defend, enforce employee supportive policies of any sort - it is merely a tool to recruit fodder for the grinder, and ensure paper filling exercises with fancy names are completed, mostly post dated - just to complete the process. you will not have an HR relationship manager that you will have ever met. and if you have nothing will ever have come out of it in your favor.

    benefits. these don't exist beyond the statutory requirements of 'medical' and 'housing' - which as statutorily defined are a third of your paltry basic pay - because they are a 'reward' structured organization - with competitive salary structures.. but this rule is not uniformly applied for there are numerous examples to the contrary - entirely composed of fresh hires... not all of whom are fortunate enough to get this exemption...

    Advice to Management

    Hire competent human beings and not mere yes men or favorites/relatives for management positions. Grow the organization internally. your staff are human beings - just like you - and would like to be treated to the same courtesies, policies, and fairness as you. Work can hold for the next day - the world will not come to an end. Compensate everyone for work done if at par is challenging for you - how do you justify exorbitant salaries for certain individuals at the same job grade and not for others? why do new hires get paid over the top - you have such little faith in your internal organization / why is there no succession planning *grooming* internally!?


  2. good company but inadequate compensation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Dubai (United Arab Emirates)
    Former Employee - Manager in Dubai (United Arab Emirates)

    I worked at Standard Chartered Bank full-time (More than 5 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    good risk appetite unwilling to sacrifice its reputation for short financial gain. genuinely collegiate environment, significant emphasis on professional development

    Cons

    poor compensation compared to other firms

    Advice to Management

    improve salary


There are newer employer reviews for Standard Chartered Bank
There are newer employer reviews for Standard Chartered Bank

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