Sumitomo Mitsui

  www.smfg.co.jp
  www.smfg.co.jp
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

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

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  1. 1 person found this helpful  

    Stability has a price

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    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

    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 ManagementAdvice

    Be open to suggestions and enhance dialogue at all levels.

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

    Be very careful what group you work for.

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

    I worked at Sumitomo Mitsui

    Pros

    Its a large multinational bank with great reach.

    Cons

    Your experience working for the bank depends on which group you are working for. Some groups overwork you without any benefits beyond what others who don't work nearly as hard get too. In the groups that work you hard the words work and life are never in the same sentence.

    Advice to ManagementAdvice

    Overworking people only makes them leave.

    Doesn't Recommend
    No opinion of CEO
There are newer employer reviews for Sumitomo Mitsui

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