Standard Chartered Bank Reviews

Pros

Supportive, friendly, knowledgeable colleagues; wide geographic reach; strong Corp Social Responsibility agenda; meaningful corporate values; competitive compensation; supportive senior managers

Cons

operational inefficiencies; incompetence in certain areas/geographies (mostly due to inadequate talent pools); lower-end of compensation scale within industry; as an employee who does not work in the Consumer (Retail) Bank, there are many ways our CB platform (online and otherwise) could be improved upon

Advice to Senior Management

Emphasise meritocracy; walk the talk; practice/support what you preach

Pros

1. International Career is a real possibility
2.Well managed and places emphasis on values
3. Ambient offices

Cons

1. Remuneration is more competitive on Wholesale side; Consumer banking pay is less competitive.
2. Bonuses for Financial Markets exceed everyone Else's by multiples.

Advice to Senior Management

Bridge the compensation gap to promote inclusiveness and foster one-bank philosophy

Pros

A good place to break into finance
Chill culture and good bonding within the team
A structure graduate programme if you get into

Cons

Evidence of office politics and top-down approach
IT system is outdated

Pros

Company values strong
Less bureaucracy
Good people
Friendly and diverse (at all levels below senior mgt)
Great information sharing and communication

Cons

Overly anglo centric at the most senior levels
Loyalty is not rewarded
local "mafias" are too strong and override company values

Advice to Senior Management

Plan long term with your staff and develop them and not just based on short term costs

Pros

MNC Culture
Good 'Talk' on engagement

Cons

Empty word on engement and care
very poltical people
difficult to trust
Each one living for themself and lacks empathy

Advice to Senior Management

Grow up and take charge, only lip service will further take you down

Pros

Leadership at the very top as also across some businesses is extremely competent. However, there are pockets where incompetence has made its way to the top and these are areas which hold back the Bank from moving at the speed it would want or in the right direction.

Cons

In some areas, performance takes a back seat; exhibitionism is more important and valued and rewarded as well, disproportionately at times.

Advice to Senior Management

Top leadership of the Bank must take the time to go deeper into their line and evaluate every manager purely on merits.

Pros

International mobility
Learning opportunities
Stable work environment

Cons

Promotion isn't always fair
Bonus payout is very asymmetric whereby those is support functions receive far less than their contribution

Advice to Senior Management

Make promotion and bonus more transparent
Make objective setting more "objective" and not shift the goalpost at appraisal time especially when the employee believes they have done more than what is expected of them according to their job objective

Pros

excellent work environment, strong support, international, respected, performance, supporting professional development and providing options for employees to increase their work/life effectiveness.

Cons

strong support, international, respected, performance, supporting professional development and providing options for employees to increase their work/life effectiveness. excellent work environment,

Pros

The training imparted is thorough and very useful for new joinees.Adequate growth opportunities at every level. They have an adequate team to support the new joinees.

Cons

Being a conservative bank they are very risk averse.Often our products are out dated visa vis our competitors. They need to be more customer focussed.

Advice to Senior Management

I really enjoyed my stint at the bank. For performers this bank adequately takes are of them.Thank you for all the learning.

Pros

Good salary, lots of opportunities to learn.

Cons

Not many chances to go abroad.

Advice to Senior Management

None.