Safra Bank Reviews

Updated May 19, 2015
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2.8
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Simoni Morato
4 Ratings

Employee Reviews

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  1. Senior BA

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

    I have been working at Safra Bank full-time

    Pros

    good place to work at

    Cons

    no cons so far. happy to be working here

    Advice to Management

    no advice at the moment


  2. A boutique bank culture with the resources of a bulge-bracket firm

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Safra Bank full-time (More than a year)

    Pros

    The flat organizational structure is refreshing, and helps different parts of the bank work well together. Small enough for employees to have plenty of responsibility and see their work reach the client. Benefits used to be fantastic, and despite recent changes, are still relatively good. Work/life balance is decent and most employees are pretty laid back. Office culture and morale are good.

    Cons

    Some employees are only there because their families are large clients of the bank, and they are untouchable. Because of the flat structure, upward mobility is limited. Many employees have been there for decades, so moving up requires years of patience.

    Advice to Management

    Try to avoid growing AUM at the cost of internal culture and profitability. Hiring clients' kids and bringing on clients at below-cost rates are bad for business.


  3. Helpful (4)

    Dont do it

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    None that i can think of

    Cons

    Micromanagement, People with an agenda. Embarrassment in spanish and in english

    Advice to Management

    Fire 95 pecent of the people and start over


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  5. Helpful (1)

    one lion per day

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Development in New York, NY
    Current Employee - Software Development in New York, NY
    Disapproves of CEO

    Pros

    Friendly environment and somewhat challenging.

    Cons

    Not much strategy is being applied.

    Advice to Management

    Stick with the plan


  6. Helpful (2)

    Solid place to work

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

    Pros

    The people are mostly nice, hours and work/life balance are good, benefits are good, job stability is above average, the bank has an old style feel to it

    Cons

    Its a Brazilian bank, so expect to hear a lot of Portugese and you may not fully fit in if you don't speak it was well. Computer systems and software could use an upgrade

    Advice to Management

    Upgrade computer systems


  7. Friendly work environment with good work life balance

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in New York, NY
    Former Employee - Operations Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    Friendly environment Good work life balance Capable management Opportunities for advancement Relatively transparency into other business units Compensation is competitive

    Cons

    Many positions are filled with temps Due to international lines of business, some international travel may be necessary Not great benefits

    Advice to Management

    Management could be a bit more visible in the New York location. When management is not present, rumors can creep up.


  8. Not recommended!

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Safra Bank full-time

    Pros

    In fact, nothing. Trust me!

    Cons

    Low salary Bank doesn't pay as agreement (cash bonus) Bank doesn't invest in their employees No culture and values Terrible conditions of work (no air conditional many times, if you need a pen for example you have to buy with your own money, no kitchen in the office, etc) Bank are cutting costs every year, so, computers, systems, chairs, bathroom and whatever are essential to work, are in terrible conditions.

    Advice to Management

    Terrible. No feed back No business strategy No teamwork


  9. Helpful (3)

    Culture sucks, all in all is a good learning ground

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Banker in São Paulo, São Paulo (Brazil)
    Former Employee - Corporate Banker in São Paulo, São Paulo (Brazil)
    Doesn't Recommend

    Pros

    Very aggressive; very informal working environment

    Cons

    Culture sucks, people do not respect each other. Senior management is usually unqualified and people prize being "smart" instead of being well prepared or serious. Bonus payments and promotion promises should not be trusted.

    Advice to Management

    Invest in your own qualifications!



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