Société Générale

  www.societegenerale.com
  www.societegenerale.com

Société Générale Reviews

Updated December 13, 2014
Updated December 13, 2014
371 Reviews
3.2
371 Reviews
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Société Générale Chairman and CEO Frédéric Oudéa
Frédéric Oudéa
100 Ratings

Review Highlights

Pros
  • Work life balance isn't too bad in the right team, making a real push in some areas (in 75 reviews)

  • Was an easy-going working environment, not too much of the typical investment banker nastiness (in 16 reviews)


Cons
  • Extremely limited opportunities for non French speakers, zero interest by the managers in developing employees (in 12 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

Employee Reviews

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  1. 2 people found this helpful  

    Financial Analyst

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

    I have been working at Société Générale full-time (more than an year)

    Pros

    Most Americans are friendly- I've met some nice people

    Cons

    No career development help from HR or managers
    Horrible systems
    Disproportionate work distribution within same group (some people do nothing all day, while all the work is dumped on a few select/smarter employees)
    French vs. American culture
    Low work morale for Americans

    Advice to ManagementAdvice

    Cut middle management
    Better work distribution, trim the fat if you have to since this will raise salary/morale of the hard workers

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    An extremely frustrating place to work at times

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

    I worked at Société Générale full-time (more than 5 years)

    Pros

    Great vacation policy, solid benefits.

    Cons

    Management is too busy playing politics and blaming others to participate in actual work.
    Very few employees willing to help others - a culture that comes from the top down. Issues are always someone or some other team's problem.

    Advice to ManagementAdvice

    Fire most of your middle management and hire (or promote) people that have positive attitudes and promote a positive work environment.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Very French

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

    I have been working at Société Générale full-time (more than an year)

    Pros

    Growing in the Americas, Decent risk culture

    Cons

    Hard culturally, everything must go through Paris, lots of power politics

    Advice to ManagementAdvice

    Fire senior managers, create a flatter structure, give more independence to the Americas branch

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 3 people found this helpful  

    learned a bit there, but no advancements.. everyone speaks in french unless they have to ask you something

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

    I have been working at Société Générale full-time (more than 3 years)

    Pros

    smaller than US banks so its easier to get to know everyone in the business..

    Cons

    You will not advance unless you are french. 2nd class citizen... I can't even read half of my emails. My boss still continues to write some of his emails in french when he knows I don't understand.

    Advice to ManagementAdvice

    it's divide can't be anymore obvious.. They need to do something about the American/French culture divide

  6.  

    No communication, no support.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Product Controller in Jersey City, NJ
    Former Employee - Product Controller in Jersey City, NJ

    I worked at Société Générale full-time (more than an year)

    Pros

    I got to meet a few nice people.

    Cons

    Management did not know details of the work process.
    There was no communication from management.
    No training from management.
    Fellow employees were not willing to answer questions.
    Minimum 30 day notice required to leave.

    Advice to ManagementAdvice

    Support the employees in your group. They will be more loyal to the bank, if you do. Know what your employee's jobs are, it will make you a better manager.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Good benefits. Nice people.

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

    I have been working at Société Générale full-time (more than 3 years)

    Pros

    Good benefits. Nice people. Good company for people who have families.

    Cons

    Systems have a lot of issues. Work has been slow due to euro crisis. Not recommended for entry level analysts who want a fast paced environment with deadlines.

    Doesn't Recommend
    Positive Outlook
  8. 2 people found this helpful  

    dysfunctional environment

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

    I have been working at Société Générale full-time (more than 10 years)

    Pros

    can take vacations
    mostly ok work life balance, unless they fire your team and leave you to do the work of four people

    Cons

    bad management
    short sighted
    promotions based on considerations other than competence
    not friendly management environment for women.

    Advice to ManagementAdvice

    it's ok to have to downsize the us footprint, it's ok to have to cut headcount, but it's very unfortunate when you push out the smart people and promote the mediocre. what i've seen happen over the last year is smart people leave for other companies (Credit Suisse, Bank of America) or retire. Especially bad place for women. Since Diony Lebot left (first woman CEO in the US), it's gotten much worse. more than 100 people have left since the last round of layoffs and most of them are female because the work environment is so poor.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 4 people found this helpful  

    Scarce career opportunities and low compensation

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

    I have been working at Société Générale full-time (more than 5 years)

    Pros

    Good reputation in europe and good products expertise

    Cons

    Scarce career opportunities nationally or internationally
    Low remuneration and very poor bonuses
    Poor HR policy
    Work rarely challenging
    Little management support

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10. 2 people found this helpful  

    risk culture deteriorating

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

    I have been working at Société Générale full-time (more than 10 years)

    Pros

    able to take vacation days
    weekends are your own
    rare late hours

    Cons

    overly political management structure
    top down poor risk culture - good people being forced out / down
    paris loyalists very out of touch with new york business
    risk not represented at executive committee

    Advice to ManagementAdvice

    hopes were high that an american ceo would mean a management structure and culture more in synch with the us businsses. But that has failed to be realized. the new / old head of risk's philosophy of allignmebt with the business is close to subjugating risk to a pro forma review function. risk senior management comes off like it doesn't take things seriously. during a recent presentation by the ceo of the global investment bank, the head of market risk fell asleep.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate in Jersey City, NJ
    Former Employee - Associate in Jersey City, NJ

    I worked at Société Générale

    Pros

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

    Cons

    Management 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 ManagementAdvice

    Consider 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!

    Doesn't Recommend
    Disapproves of CEO

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