Standard Chartered Bank

  www.standardchartered.com
  www.standardchartered.com
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Standard Chartered Bank Reviews

Updated October 1, 2014
Updated October 1, 2014
599 Reviews
3.5
599 Reviews
Rating Trends

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Standard Chartered Bank Group CEO Peter Sands
Peter Sands
245 Ratings

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 55 reviews)

  • Work life balance as they have flexi hour with good working environment (in 40 reviews)


Cons
  • Work life balance is limited, limited career opportunities (in 20 reviews)

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

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trader  in  Singapore (Singapore)
    Current Employee - Trader in Singapore (Singapore)

    I have been working at Standard Chartered Bank full-time for more than a year

    Pros

    Has a significantly less cut-throat culture, Better work-life balance.

    Cons

    Horrible HR policies, mediocre compensation and poor opportunities for development.

    Advice to ManagementAdvice

    Start caring about your image within the industry, pay better and seek to develop talent instead of buying talent from elsewhere

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Dont work to this company!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Financial Executive  in  Butterworth (Malaysia)
    Current Employee - Personal Financial Executive in Butterworth (Malaysia)

    I have been working at Standard Chartered Bank full-time for more than a year

    Pros

    Working time flexible, learning new things,

    Cons

    Politic office, experienced management, bad office culture, no certificate management people , no off date

    Advice to ManagementAdvice

    Please do whatever you promise to !! Think in employee shoes!!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Poor management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst  in  Singapore (Singapore)
    Current Employee - Analyst in Singapore (Singapore)

    I have been working at Standard Chartered Bank full-time for less than a year

    Pros

    There's enough leave for the year though.

    Cons

    Poor management for a large bank. No training for staff. Lack of growth.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Mixed Bag of Experiences

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer  in  Singapore (Singapore)
    Current Employee - Software Engineer in Singapore (Singapore)

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

    Pros

    - Company Benefits are good
    - Pro-European/British bank. Good careers progression if you're one of the boys.

    Cons

    - Great work life balance. Depends on the team though. Some teams work weekends for months without a break.
    - Compensation is good. Sometimes it might price you out of the market

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Here for good really?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Standard Chartered Bank full-time

    Pros

    None really. It has one of the highest turnover rate in the market and this tells everything.

    Cons

    Long working hours, not enough headcounts, no training at all, no annual dinner whatsoever, very high turnover rate, complicated internal structures (a simple deal may need to go through 10+ depts), Managment continue to dream on beating ANZ and Citi.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Standard Chartered Bank full-time for more than a year

    Pros

    Benefits are reasonable. There is no outstanding pros to mention.

    Cons

    Office politics are terrible. Very low integrity. Inefficient in producing value added work. Very judgemental peers, resulting to low morale.

    Advice to ManagementAdvice

    Very unfortunate it is not up to a foreign bank standard.

    Doesn't Recommend
  8.  

    my first job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Relationship Manager  in  Hyderābād (India)
    Current Employee - Senior Relationship Manager in Hyderābād (India)

    I have been working at Standard Chartered Bank full-time for more than 10 years

    Pros

    was satisfied employee 4 years before after management has changed things have become worse

    Cons

    does not consider loyal employees, they take new employees with higher salaries

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    A wanna-be bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager  in  Singapore (Singapore)
    Former Employee - Manager in Singapore (Singapore)

    I worked at Standard Chartered Bank full-time for more than 3 years

    Pros

    fairly good pay and thats about it.

    Cons

    This wanna-be bank has to attract talent by paying a notch above the others. Whilst its Wholesale bank was bearable until 2010 (Citibankers invasion), its Consumer bank (CB) is an oligarchy run by a handful of larger-than-life indians who protect each others back and show returns at all costs to a geriatric board sitting in the UK. Beware to all, this a venus fly-trap. You are welcome as long as you walk the party line and lick the boots of the indian boys club that run the show. It grew exponentially from 2007 onwards hiring: an army of local singaporean cheap labour to change different colour light-bulbs, a number of highly paid Aussies and undesirable leftovers (with a gift of the gab) from other banks. for senior staff, Ooce you fall for its salaries it is difficult to get out of the trap. I cannot total the number of headhunters who told me that I was lucky to get out after 3 years, otherwise I would be branded SCB - "Here of Foot" and no serious bank would consider me thereafter. Like Incredible India - inside it is everyday a working miracle.

    Advice to ManagementAdvice

    Time to change your possey of indian oligarches. Chiding them and shifting them around from Dubai to Singapore, Singapore to Taiwan and the then to Seoul does not change the poor culture of the bank. need to chop it right at the top.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Assistant manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Manager  in  Hong Kong (Hong Kong)
    Former Employee - Assistant Manager in Hong Kong (Hong Kong)

    I worked at Standard Chartered Bank full-time for more than 3 years

    Pros

    - structured training
    - do not need to deal with other side issues

    Cons

    - too aggressive
    - too less welfare
    - too low salary

    Advice to ManagementAdvice

    aim in high performance should give rational payoff!

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

    Contract Staff

    Former Employee - Contract  in  Singapore (Singapore)
    Former Employee - Contract in Singapore (Singapore)

    I worked at Standard Chartered Bank as a contractor for less than a year

    Pros

    Some old staff are kind and some are unfriendly. Contracts can be left secluded at times. A good place to work with good benefits when you are a full timer but not on contracts.

    Cons

    Not offered with full salary instead a pay cut. Initially was told on budget constrain yet are able to hire full-timer on full salary. Get squeeze for every penny.

    Advice to ManagementAdvice

    Contract staff should be offered with equal salary or market value for fair employment. At least if there is no intention to keep them for long term, it helps them to move on to another job with an even salary. After all that is what SCB boast about Corporate Social Responsibility. It should start from appreciating your short-term staff contribution for long-term reputation.

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