Standard Chartered Bank

www.standardchartered.com
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Standard Chartered Bank Reviews

Updated April 16, 2015
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3.5
736 Reviews
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Recommend to a friend
Approve of CEO
Standard Chartered Bank Group CEO Peter Sands
Peter Sands
305 Ratings

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 Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Says one thing does another

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

    I worked at Standard Chartered Bank (more than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Its a holiday camp, do the bare minimum and you still get paid

    Cons

    No career progression, no pay rises and lower than market rate, lacks management

    Advice to Management

    Start taking the code of conduct seriously - its not just a ticking the box exercise. You wonder why you are making losses start reviewing the rationale for business trips, expense claims and also vendor invoices.

  2. Front line sales profiles in India - Exploitation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Manager - Origination SME Liabilities in Pune (India)
    Former Employee - Assistant Manager - Origination SME Liabilities in Pune (India)

    I worked at Standard Chartered Bank

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The marathon that you get to run for

    Cons

    This was my first sales job and happened to be my first job too.
    We were given no practical on the job training whatsoever.
    The front line sales force face a similar plight across India. You will be thrown out on the streets to fetch your targets.
    And even if one is putting in hard work and not achieving his /her target he or she will be shouted at and humiliated in front of other team members.
    Management does not believe in giving feed back in person or private but in front of a many people as possible.
    The is absolutely no amount of motivation that the sales force gets from the management.

    I left on a bad note dissatisfied and unhappy.

    Advice to Management

    Please take interest in your front line sales in India
    Please consider giving them a good hand holding off things
    Please adopt measures to motivate them from time to time (Front line sales force)

  3. Helpful (3)

    Terrible management.... Political infighting..... Too many political camps

    • 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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Never been a good bank in the last 10 years because shareholders too fragmented, senior mgmt kept changing, ousted by different camp every few years.

    Cons

    Highly paid ex Citibankers, Europeans and Indians replaced Singaporeans, old timers in the Bank, people who built the bank up in the past. The newcomers brought along people from their same background not by merits, but to shore up political connections.

    People who do work on the ground are not rewarded, while people who focused on managing their bosses get promoted. In the end, the good people left. Nobody is left to work. The bank is filled with highly paid sycophants.

    Advice to Management

    The Board should fire Peter Sands. The ex Citibank, European and Indian camps should be broken up, majority should be fired. The largest shareholder should put more Singaporean talents on senior positions.

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  5. Massive changes with little thoughts and clear direction

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

    I have been working at Standard Chartered Bank

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Had the opportunity to experience the HFG days where the values were lived. Above avg health coverage. Above avg salary.

    Cons

    Slow promotion
    Massive changes and restructuring
    No idea what the top is thinking

    Advice to Management

    We are more than numbers in the organisation. We used to stand for something. We used to be HFLR, HFP, HFG.

    Are we still living that?

  6. Bank of the emerging markets

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

    I worked at Standard Chartered Bank full-time (more than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    There is great work life balance. SCB truly believes in international mobility.

    Cons

    It promotes mediocrity. Senior management is rather detached from working level.

  7. Helpful (1)

    It has been a slippery slope downwards

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

    I worked at Standard Chartered Bank full-time (more than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    They do not fire people easily.
    Good for back office - very powerful, a bit too powerful
    Friendly culture

    Cons

    Lots of deadwood
    Top management fixated on old strategy that is broken and needs to be fixed. But no management will to fix
    Tend to promote people of certain nationalities irregardless of competence or track record
    No appetite to do real business and create value for client
    Very difficult to be a front line investment banker

    Advice to Management

    Change strategy - time to onboard new clients and bring the bank back on a path of growth.
    SCB used to be a great place - but after Aug 2012, everything just fell apart. I do hope SCB can get back its mojo...

  8. Compliance manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance Manager in London, England (UK)
    Current Employee - Compliance Manager in London, England (UK)

    I have been working at Standard Chartered Bank full-time (more than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    30 day holiday, work from home,

    Cons

    Unreasonable targets, lack of career opporttunities, unprofessional HR system

    Advice to Management

    Consider being taken over as share price is on its knees and your time has come

  9. STANDARD CHARTERED BANK

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

    I have been working at Standard Chartered Bank full-time (more than 5 years)

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

    Pros

    Medical facilities, holiday homes, club tie-up

    Cons

    No hike , no increment

    Advice to Management

    Be more employee centric

  10. Inefficient

    • 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

    Pros

    Good benefits
    Good benefits
    Good benefits
    Good benefits

    Cons

    inefficient
    no career growth
    stupid bosses
    staff no helpful

  11. 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 (more than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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

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