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Helpful (4)

Senior Analyst position at Structured Finance Dept.

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Senior Analyst in Seoul (South Korea)
Former Employee - Senior Analyst in Seoul (South Korea)

I worked at Sumitomo Mitsui

Pros

- SMBC has strong presence in Asia - SMBC is the 3rd largest bank in Japan and has strong balance sheet capability - SMBC is the most active Japanese bank in the structured finance sector

Cons

- Strong Japanese culture - Too strong focus in Asian business

Advice to Management

There should be more international persepective to be implemented within the organization.

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  1. Helpful (3)

    Risk analyst SMBC

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Risk Analyst in London, England (UK)
    Former Employee - Risk Analyst in London, England (UK)

    I worked at Sumitomo Mitsui

    No opinion of CEO
    No opinion of CEO

    Pros

    Small firm that will allow you to take on alot of responsibilities and tasks. Good chance to learn given the small structure

    Cons

    Japanese promotion structure encourages experience at the firm over genuine potential so can be slow but sure promotion and advanced in career

    Advice to Management

    Encourage the junior staff to work towards potential success and promotion. More team building away days etc to get a good team culture.


  2. Helpful (2)

    More Cons than Pros

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

    I have been working at Sumitomo Mitsui full-time

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

    Pros

    Chances to advance Some departments are good to work in Job security. There have been very few layoffs. Bonuses can be a large part of compensation but base salaries lag Employees contribution to healthcare is very low rivaling public employee unions

    Cons

    Leave your ego at home where it can't get damaged. You must not speak or complain loudly. While part of the problems arise because of the Japanese predisposition to seek consensus first the bank, particularly must be dragged kicking and screaming into the 21st century. Credit authority is placed in individuals and if the individual you need is out of the office his authority is delegated up rather than down as in every other bank so approvals are even slower than normal. The poor slobs in the credit department are understaffed and over worked. Burnout is a career path.

    Advice to Management

    While the goal of the bank is to do deals and make money more attention must be paid to provide avenues for career advancement. Bankwide in NY mixed among the deadwood are some very good and talented bankers but most go unnoticed and underutilized.


There are newer employer reviews for Sumitomo Mitsui
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