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Helpful (6)

Ok to park but always look to move on

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

I worked at Sumitomo Mitsui

No opinion of CEO
No opinion of CEO

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 Management

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

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  1. Helpful (4)

    Inappropriate and Disrespectful Exit Immediately. Just leave now, you are no longer needed.

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

    I worked at Sumitomo Mitsui

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    To be employed and get out. More Japanese than Americans. Know it or you can be an outsider. Be there at exactly on the dot, and if you come up a minute later, you are considered late mark on your performance review. Leave work exactly at 5pm on the clock, no exceptions or your supervisor will yell at you for not being a team player! Move you from convenient Midtown Manhattan office location to JC, NJ to inconvenient your commute and then, laid you off later. Nice and organized annual health fair, it's fair. Standard job salary, benefits, and performance bonuses if you suck up to your boss.

    Cons

    Shut my mouth when it’s time

    Open it… when it’s time

    If I want a promotion, do that job without the title and the pay check. They will have to give it to you at one point.

    Lower my expectations (in term of numbers or delays)

    Deliver the maximum (and get a huge achievement bonus!)

    Makes allies in every department, it’s always useful! Because your manager will get you with this in your performance review (poor communication is bad) if you don't socialize and make friends to other department people. She deemed it is important. You can't be yourself and pretend that you like them.

    Advice to Management

    Read it and it's up to you. You get paid to do the upper management job salary. Appreciation is much appreciated.


  2. Helpful (3)

    Stability has a price

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

    I have been working at Sumitomo Mitsui

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    I feel that SMBC is a place where you can go if you are looking for stability. Very unlikely that they fire or let go anyone. The career path follows the Japanese model where promotions and salary increases come at a slow, but consistent pace (therefore it is not a place for superstars). In a year like 2008, where industry-wide bonuses were down, I had mine increased by a significant amount (perhaps it was too low in the previous year). They throw you in the middle of the ocean, so you must learn to swim fast. In many places they would not give you the same kind of opportunities as they would not probably expect that you become an expert overnight.

    Cons

    The work load can be brutal, especially because things are done in a way (Japanese) that often appears arcane. If your management is Japanese, then dialogue and feedback are limited and communication problems will abound. Form over substance is the rule, so be prepared to make charts, fill checklists and become familiar (for what it is possible) with incomprehensible rules and manuals.

    Advice to Management

    Be open to suggestions and enhance dialogue at all levels.


There are newer employer reviews for Sumitomo Mitsui
There are newer employer reviews for Sumitomo Mitsui

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