There are newer employer reviews for SunTrust

 

Investment banking with a Southern twist

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Investment Banking Analyst in Atlanta, GA
Former Employee - Investment Banking Analyst in Atlanta, GA

I worked at SunTrust

Pros

Corporate & Investment Banking was a good training for careers in the future. Analysts training program consisted of 6 weeks class room courses in accounting, corporate finance and financial modeling. Access to Senior bankers is very good. Job responsibility and engaging assignments.

Cons

Investment Banking did not pay the usual high salary even though you have to deal with the same stuff. A lot of managing directors who did not pull their weight. Definitely still a good old boys club. Bonus for analyst class of 2006-2007 was only 30% of base ($60k).

Advice to ManagementAdvice

Take more prudent risks

Doesn't Recommend
Disapproves of CEO

836 Other Employee Reviews for SunTrust (View Most Recent)

Sort: Rating Date
  1.  

    SunTrust is risk adverse but will graciously reward its top performers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Banking Associate in Atlanta, GA
    Former Employee - Investment Banking Associate in Atlanta, GA

    I worked at SunTrust

    Pros

    Employees are well compensated for their ability to increase the client base and revenue. The company has generous policies to pay for additional eduction and certifications. The company believes in work-life balance and supports you to take time off when needed.

    Cons

    CIB is a very competitive environment and you either sink or swim. There is not much room to coast in the middle. The company is also very risk averse and are not always willing to make the decisions is takes to be competitive in the capital markets space.

    Advice to ManagementAdvice

    I would advise management to be willing to take on more risk for higher reward. Be willing to stick out the turns in the market and not exit businesses as soon as the market turns. We all know that markets are cyclical and the housing crisis will turn around. The companies that are willing to invest through the down turns will reap the highest reward.

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    SunTrust has great potential but is also struggling with "transformation" placing a lot of stress on people and systems.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at SunTrust

    Pros

    Geographic range, commitment to diversity, multiple lines of business and great potential.

    Cons

    The organization is struggling with reinventing itself. Many expense reduction initiatives have resulted in lower levels of service both inside and outside the company placing a lot of stress on employees and sometimes customers. A focus on standardizing everything leads to "one size fits all" solutions that sometimes end up fitting nothing, and ongoing centralization of decisionmaking and control sometimes leaves the people in front of the customers with little real decision making authority. It seems like management is so committed to the new model that employee feedback is often ignored or discounted. As a result of all this, stress levels across the organization are very high.

    Advice to ManagementAdvice

    Listen to your employees and treat them with respect, be willing to consider that parts of the "plan" aren't working and need to be retooled, and push decision making back into the field and to the front line employees.

    No opinion of CEO
There are newer employer reviews for SunTrust

Work at SunTrust? Share Your Experiences

SunTrust

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.