Société Générale

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Société Générale Reviews

Updated Jul 31, 2014
All Employees Current Employees Only

2.9 319 reviews

72% Approve of the CEO

Société Générale Chairman and CEO Frédéric Oudéa

Frédéric Oudéa

(83 ratings)

50% of employees recommend this company to a friend

Review Highlights

Pros
  • Work life balance isn't too bad in the right team, making a real push in some areas (in 72 reviews)

  • interesting working environment, global operations (in 23 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 7 reviews)

More Highlights
319 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Unless you are french, no a good place

    Anonymous Employee (Current Employee) New York, NY

    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

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    very biased bank

    Anonymous Employee (Current Employee) New York, NY

    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

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    My experience has been good with some particular reservations.

    Director (Current Employee) New York, NY

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

    1 person found this helpful  

    Did not advance career as much as I thought I would.

    Analyst (Current Employee) New York, NY

    ProsPay is market rate and hours are very relaxed.

    ConsSG does not advance your key or develop your skills as a junior investment banking analyst.

    Advice to Senior ManagementChallenge junior bankers more and give more responsibility.

    No, I would not recommend this company to a friend

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    • Senior Management
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    Disappointing

    Director (Former Employee) New York, NY

    ProsThe benefits package is competitive

    ConsThe vision from management is lacking. There is a significant level of internal politics. Communication between groups that should be working together is poor.

    Advice to Senior ManagementYou need to do a better job of getting everyone on the same page and making sure your managers are providing the appropriate level of leadership. There is a lack of focus in getting the most out of your talented employees. I find the overall level of management to be poor.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Fun, very hectic, good collaboration. It is a challenging environment but the mix of European and US culture is a plus

    IT Project Manager (Current Employee) Jersey City, NJ

    ProsGood team
    Good collaboration
    Challenging work
    Lots of variety

    ConsTight project timeframes
    Tight budgets
    Current economic cycle is hitting hard in some areas

    Advice to Senior ManagementDon't let global strategies get in the way of local success

    Yes, I would recommend this company to a friend

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

     

    Learnt a lot

    FIG Analyst (Former Employee) New York, NY

    ProsBetter work life balance than in Wall Street banks.
    Generally talented / knowledgeable professionals.

    ConsManagement is cheap. The bank is chronically undercapitalized, which impairs its ability to compete for clients' business, but also to pay bonuses or to reimburse expenses.
    Management (in Europe) has been traditionnally unwilling to dedicate resources, including capital, to the development of the business in the US (except to underwrite toxic suprime CDOs in 2004-2007, though to a lesser extent that many competitors).

    Advice to Senior Management4 years ago, management should have increased equity capital. Now the bank is in disarray. I hope management will know to avoid a complete failure by restructuring/selling its business in parts, ahead of severe disruption, like Dexia.

    • Work/Life Balance
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    • No Opinion of CEO

     

    Good first experience

    Applications Support Analyst (Former Employee) New York, NY

    ProsFairly Good compensation compared to other financial companies
    Reasonable hours and work life balance possible
    OK environment
    Benefits and vacation time better than US companies

    ConsNot always possible to grow within the company
    HR rules shady at times
    No respect for contractors

    • Work/Life Balance
    • Senior Management
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    Stay Away

    Operation Analyst (Current Employee) New York, NY

    ProsFlexible hours and 4 weeks vacation

    ConsNo opportunity for career advancement or development.
    All opportunities go to the French. Trying to route out Americans. Company will never be able to compete in US. High Turnover. No respect.
    Very poor compensation compared to peers.

    Advice to Senior ManagementNothing will help

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

     

    Great

    IT Project Manager (Current Employee) New York, NY

    ProsSociete Generale offers a great perspective in terms of careers mixing the culture of Europe and the US

    ConsSometimes the mix of all the cultures can be hard and the financial world can be a little bit too fast.

    Yes, I would recommend this company to a friend

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