Standard Chartered Bank

www.standardchartered.com

Standard Chartered Bank Reviews in New York City, NY

Updated January 3, 2015
Updated January 3, 2015
675 Reviews
3.5
675 Reviews
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Standard Chartered Bank Group CEO Peter Sands
Peter Sands
288 Ratings

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 67 reviews)

  • Work life balance as they have flexi hour with good working environment (in 44 reviews)


Cons
  • Work can get a bit hectic, sometimes difficult to maintain a work-life balance (in 23 reviews)

  • long working hours, low pay, no recognition at work unless youre an indian (in 15 reviews)

More Highlights

16 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Best place to work! Great Benefits, great pay, and great "Work Family"

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

    I worked at Standard Chartered Bank full-time (more than 10 years)

    Pros

    This is the best place to work. The pay and benefits are great! Your knowledge will grow, as you will be tasked with many projects. Most of all the people are great, very diversified! I miss my "work family".

    Cons

    None really. If you don't like New York city life then this is not the place for you. HQ is in the middle of Times Square.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Can Learn A Lot But Highly Political

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

    I worked at Standard Chartered Bank (more than 3 years)

    Pros

    Broad international presence
    Opportunities to live and work abroad
    Very interesting Emerging Markets business
    You can learn a lot
    Great franchise in many interesting markets

    Cons

    Extremely political environment
    Skill level and work product actually counts for very little
    EXTREMELY bureaucratic, smallest decisions driven by overseas HQ
    Even high level execs in US really don't have much power
    Environment discourages speaking up/encourages sycophants
    Massive churn
    "Run scared" culture
    Lack of transparency/honesty by senior management

    Advice to ManagementAdvice

    Devolve power
    Trust the skills and experience of the people you've hired
    Shake up senior management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Vice President

    • 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 Standard Chartered Bank full-time (more than a year)

    Pros

    Great place to work and do good work if you want to do really like banking, great opportunities to do great business

    Cons

    bad work life balance, managers dont care about you, difficult to survive office politics, time off policies are bad

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Great place to work at. The bank values employees and encourage development

    • 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 Standard Chartered Bank full-time (more than 3 years)

    Pros

    SCB is focused on emerging markets while maintaining a slight aversion for risk. That configuration led the bank to do extremely well during recent financial crisis.

    Cons

    Too many processes in place. takes a long time to make decisions.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    credit analyst

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

    I worked at Standard Chartered Bank as an intern (less than a year)

    Pros

    It's a pleasant working environment. I learnt a lot about wholesale banking. Staffs are professional and nice. Compensation is ok.

    Cons

    Everything seems pretty good. But I only worked at there for almost a year. So I can't say I have a very thorough understanding.

  7.  

    Bank undergoing change

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

    I have been working at Standard Chartered Bank full-time (more than 3 years)

    Pros

    In past, bank valued employees with good banking skills. This has changed. There is an increasing rush to replace employees with others who have experience in businesses the bank does not have the competency to support.

    Cons

    Bank is undergoing a lot of change. Power base is centered in Asia and tends to be ignorant of market dynamics in US.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Usual politics, tough for contractors, as they are not treated with much respect by management.

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

    I worked at Standard Chartered Bank as a contractor (more than a year)

    Pros

    Location was nice in Manhattan, near Penn Station.

    Cons

    Very political environment, working hard will not be enough.

    Advice to ManagementAdvice

    Audit managers to see if they are taking kick-backs from vendors.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    A great experience at an International Bank.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Newark, NJ
    Former Employee - Business Analyst in Newark, NJ

    I worked at Standard Chartered Bank as a contractor (more than a year)

    Pros

    Good technical infrastructure, fine employees.

    Cons

    Located in Newark New Jersey

    Advice to ManagementAdvice

    Spend more time examining the man and less the past.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Good bank with some issues

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in Newark, NJ
    Current Employee - Associate in Newark, NJ

    I have been working at Standard Chartered Bank full-time (more than 3 years)

    Pros

    Global Bank
    Potential Career development across locations
    Market Rate salaries
    Well-known/Exposure

    Cons

    Seems unprofessional in some locations
    Level of experience among employees varies greatly between Front office and Back office
    Almost impossible to get a raise or a good bonus unless employee decides to move to another department/position
    Majority of systems are outdated

    Advice to ManagementAdvice

    Invest money into new technology, human capital, and to keep current staff from leaving

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    In the boondocks in Manhattan - NY outpost of Asian focused London based bank

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

    I worked at Standard Chartered Bank full-time (more than a year)

    Pros

    Decent pay; nice office space

    Cons

    Anachronistic culture; too bureaucratic and Asian focused

    Advice to ManagementAdvice

    Welcome to the 21st century

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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