There are newer employer reviews for Sumitomo Mitsui

4 people found this helpful  

Ok to park but always look to move on

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

I worked at Sumitomo Mitsui

Pros

Nice office location in midtown Manhattan. Bonuses are good depending on the year the organization has had as a whole. Great health benefits.

Cons

Bonuses are performance driven; meaning if the company as a whole is not doing well, your bonus will reflect that. It is a Japanese company that is bureaucratic and filled with red tape. Even thought they have operations in the states, the japanese way of doing business overrides and they have difficulty undersanding business ops in the states and other countries. If you are not Japanese you will be the first laid off. Management is not looking out to move the organiztion forward they only care about their next assigment. Super stars leave after the first year or 2 and what is left just maintains operations. Extremely political to a point where nothing gets done in the right way.

Advice to ManagementAdvice

Stop worrying about your next assignment and try and move the business forward.

No opinion of CEO

15 Other Employee Reviews for Sumitomo Mitsui (View Most Recent)

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  1.  

    Depressing and uninteresting place

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

    I have been working at Sumitomo Mitsui full-time for less than a year

    Pros

    9-5 job
    Very good health insurance (115$ per month for a complete coverage (health/dental/vision) for a family regardless of number of kids, no deductables)

    Cons

    Very japanese culture, your bosses never talks to you (will pass you by as if you don't exist), some of them barely speak English
    Department is not friendly
    Its dead quiet in the office
    Paintry is the worst I ve ever seen, plenty of green tea, but no milk. Coffee had to be placed at mail room as people were stealing it
    Absense of any training
    No coaching, mentoring
    No communication of expectations
    Very inefficient processes, outdated technology (both software and hardware)
    Absense of Communication from Top to Bottom
    Although hours are great (9-5), at 9:01 management goes around to check if you are at your place. Work from home is non-existent term, taking half day to take care of your personal affairs is judged. Sick days... well you have to be diying. If not, why arent you at your desk.

    Advice to ManagementAdvice

    If you come to other countries, learn to adjust to that environment, leave your japanese culture in Japan

    Doesn't Recommend
    No opinion of CEO
  2. 3 people found this helpful  

    Terrible company to work for

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

    I worked at Sumitomo Mitsui full-time for more than 3 years

    Pros

    Difficult to think of any pros. The companys location in Midtown East is convenient. Thats about it.

    Cons

    The salaries at all levels of the company are below market for the industry.

    The atmosphere around the office is not pleasant. The culture is toxic, and there is a fear that is perpetuated by the Expat community.

    Expats are promoted before American staff.

    Managers do not care about work/life balance.

    There is a glass ceiling for women.

    The Expats look down on American staff.

    The benefits of being an employee are basically limited to health care.
      -There is no such thing as employee day, when employees are treated.
      -The Christmas party costs $50 to attend, $50+ to bring a guest.
      -No stipends for cabs or dinner if you are asked to work late.
      -There are occasionally team dinners and parties, but they generally cost each employee $40-$60, and you are expected to attend.
      -No office cafeteria.
      -Hours are just as long as peers in American banks, if not longer, but pay is much less.
      -HR is not supportive, and does not make employees feel like they are operate on the employees behalf.
      -The pantries are a disgrace. There is literally only green tea and coffee- no milk.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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