Société Générale

  www.societegenerale.com
  www.societegenerale.com
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Société Générale Reviews

Updated September 9, 2014
Updated September 9, 2014
336 Reviews
3.1
336 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Société Générale Chairman and CEO Frédéric Oudéa
Frédéric Oudéa
88 Ratings

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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Overall positive. A lot of politics.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    Location, size of company, mobility

    Cons

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

    No opinion of CEO
  2. 5 people found this helpful  

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

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

    I worked at Société Générale

    Pros

    SocGen 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.

    Cons

    SocGen 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 ManagementAdvice

    Hubris is a lousy corporate strategy.

    Doesn't Recommend
    Disapproves of CEO
  3.  

    normal

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

    I have been working at Société Générale

    Pros

    - friendly environment
    - good location

    Cons

    - lack of communication
    - benefits
    - lack of training

    Approves of CEO
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  5. 2 people found this helpful  

    very biased bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    good as a start job

    Cons

    promotions don't come and politics are big

    Advice to ManagementAdvice

    stop playing favourites

    Doesn't Recommend
    No opinion of CEO
  6. 2 people found this helpful  

    Unless you are french, no a good place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    hours are good and vacation is respected

    Cons

    no advancement unless you are french

    Advice to ManagementAdvice

    Hire local Management

    Doesn't Recommend
    Approves of CEO
  7. 1 person found this helpful  

    My experience has been good with some particular reservations.

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

    I have been working at Société Générale

    Pros

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

    Cons

    The 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 ManagementAdvice

    Either decide to be International or French - the answer should dictate the worldwide staffing assignments.

    Doesn't Recommend
    No opinion of CEO
  8. 1 person found this helpful  

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

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

    I have been working at Société Générale

    Pros

    Pay is market rate and hours are very relaxed.

    Cons

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

    Advice to ManagementAdvice

    Challenge junior bankers more and give more responsibility.

    Doesn't Recommend
    Approves of CEO
  9.  

    Disappointing

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

    I worked at Société Générale

    Pros

    The benefits package is competitive

    Cons

    The 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 ManagementAdvice

    You 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.

    Doesn't Recommend
  10. 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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - IT Project Manager  in  Jersey City, NJ
    Current Employee - IT Project Manager in Jersey City, NJ

    I have been working at Société Générale

    Pros

    Good team
    Good collaboration
    Challenging work
    Lots of variety

    Cons

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

    Advice to ManagementAdvice

    Don't let global strategies get in the way of local success

    Recommends
    Approves of CEO
  11.  

    Good first experience

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

    I worked at Société Générale

    Pros

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

    Cons

    Not always possible to grow within the company
    HR rules shady at times
    No respect for contractors

    No opinion of CEO

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