Société Générale
2.9 of 5 296 reviews
www.societegenerale.com Paris, France 5000+ Employees

Société Générale Reviews

Updated Apr 19, 2014
All Employees Current Employees Only

2.9 296 reviews

                             

74% Approve of the CEO

(no image)

Frédéric Oudéa

(69 ratings)

47% of employees recommend this company to a friend
296 Employee Reviews
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Review Highlights

Pros:
  • "Work life balance isn't too bad in the right team, making a real push in some areas"
    in 64 reviews
  • "Was an easy-going working environment, not too much of the typical investment banker nastiness"
    in 19 reviews
Cons:
  • "French top brass do not believe any NON French people"
    in 10 reviews
  • "Career advancement for those who don't come from the Grandes Ecoles / Societe Generale Paris office pipeline can be difficult"
    in 6 reviews
  • Show more review highlights

Reviews

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

2 people found this helpful  

Bangaolre is not the answer to all of SG's problems

Associate (Former Employee)
Jersey City, NJ

I worked at Société Générale

ProsDecent Pay
Decent Benefits
Relaxed atmosphere (when its not quarter end/year end)
They're finally updating some of thier most antiquated systems

ConsManagement acts in crisis mode
If youre not French, good luck getting ahead
Short sighted cost cutting/outsourcing initiatives.
Everyone from the top down stopped trying at least two years ago.
Inept and understaffed support systems
sterotypical French laziness and inefficiency at all levels.
Elitism of the NY office.
HR is very disconnected with the rest of the company.

Advice to Senior ManagementConsider the value of ones work when you send it halfway around the world to people who will not go the extra mile.
Make an effort to get to know your subordinates ans what they really do for you
Stop exporting inefficiency
Show some compassion and basic human decency for those who have been impacted and are forced to train thier Bangalore replacements
SIlos are for Corn!

No, I would not recommend this company to a friend

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2 people found this helpful  

You are in a glass box

Senior Software Engineer (Current Employee)
Jersey City, NJ

I have been working at Société Générale

ProsLots of vacation time, especially if you have been with the company for more than 5 years
Ability to travel to France or other SG locations, if you are lucky
Until recently, the job positions are fairly stable and secure.
Most groups and peers are usually very nice to work with.

ConsIf you are not French, you can only get so far. Definitely a glass ceiling! Also, be prepared to get paid less than everyone else in the industry.
If you want to advance or get promoted in your career, don't work here. Expect to wait many, many (MANY) years in between titles.
Lots of politics. Innovation may come from other regions, such as the Americas, but they are usually either ignored or stolen by the Paris office.
If you work in an office other than the Paris headquarters, you are confined to just doing your tasks, and take an extreme amount of direction from the mother office

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Was a good learning experience!!

Intern (Former Employee)
New York, NY

I worked at Société Générale

ProsFlexible work hours, exposure to various departments and good environment to work !!

ConsHourly wage is minimum as compared to other banks and the ratio of hiring interns full time is minimal.

Yes, I would recommend this company to a friend

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A good learning experience that fosters growth

Anonymous Employee (Current Employee)
New York, NY

I have been working at Société Générale

ProsThe company is a great place to grow as a person as it provides career opportunities
Fosters professional growth as training is relatively easy to obtain if desired

ConsCompensation is not comparable to competitors
Career opportunities are sometimes provided without the appropriate training
Focus more on retaining local talent, rather then the over abundance of 2 year contract of Paris employees.

Advice to Senior ManagementReinforce career opportunity provided to employees with the apporpriate types of training to prepare them for the new role. This can avoid the employees from failing.

Yes, I would recommend this company to a friend

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Overall positive. A lot of politics.

Anonymous Employee (Current Employee)
New York, NY

I have been working at Société Générale

ProsLocation, size of company, mobility

ConsSize of company.
If you don't speak French you are at a disadvantage

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5 people found this helpful  

SocGen embodies everything that is loathsome about French institutionalism--but there some positive aspects.

Anonymous Employee (Former Employee)
New York, NY

I worked at Société Générale

ProsSocGen can be bold in areas in which it chooses to focus. SocGen takes advantage of the French higher educational system that gave it an edge in areas like derivatives.

ConsSocGen is not a meritocracy. It operates with a three-tier hierarchy--with zero mobility between them. At the top are the French from the right schools or families (their upward career path is guaranteed, no matter how incompetent). The next level are talented French who have some opportunties for advancement (these include workers like Jerome Kervial, who blew up the bank partly out of spite towards its deeply anti-meritocratic structure). Below that are non-French employees, who during flush times can fall under the misimpression that they are valued and respected.

Advice to Senior ManagementHubris is a lousy corporate strategy.

No, I would not recommend this company to a friend

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normal

Anonymous Employee (Current Employee)
Jersey City, NJ

I have been working at Société Générale

Pros- friendly environment
- good location

Cons- lack of communication
- benefits
- lack of training

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2 people found this helpful  

Unless you are french, no a good place

Anonymous Employee (Current Employee)
New York, NY

I have been working at Société Générale

Proshours are good and vacation is respected

Consno advancement unless you are french

Advice to Senior ManagementHire local Management

No, I would not recommend this company to a friend

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2 people found this helpful  

very biased bank

Anonymous Employee (Current Employee)
New York, NY

I have been working at Société Générale

Prosgood as a start job

Conspromotions don't come and politics are big

Advice to Senior Managementstop playing favourites

No, I would not recommend this company to a friend

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My experience has been good with some particular reservations.

Director (Current Employee)
New York, NY

I have been working at Société Générale

ProsMany people are quite competent and hard working. You can learn a great deal. You can contribute and be recognized for the contribution.

ConsThe French do have a bit of a glass ceiling for Americans at the Director and above levels . It is definitely NOT insurmountable, and my impression is that many more expats from France come here to New York than Americans go to Paris. But some Americans DO get through it.

Advice to Senior ManagementEither decide to be International or French - the answer should dictate the worldwide staffing assignments.

No, I would not recommend this company to a friend

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