Standard Chartered Bank

www.standardchartered.com
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Standard Chartered Bank Reviews

Updated March 4, 2015
Updated March 4, 2015
695 Reviews
3.5
695 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Standard Chartered Bank Group CEO Peter Sands
Peter Sands
299 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    A place to develop your career, but with its challenges.

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

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

    Pros

    The bank has a very well defined strategy and differentiated market positioning (focusing on developing markets). It also seems to recognise strong talent and be willing to move it into different positions to offer attractive career prospects.

    Cons

    As an organisation with a more commercial bank heritage, working on the investment banking (markets side), could be frustrating - a lot of bureaucracy, difficult to have strong competitive positioning and with lower-than-market compensation, as far as I could tell.

    Recommends
    Positive Outlook
    Disapproves of CEO
  2.  

    Good Place to work in. Quite a lot of work to do even when I was interned their only. Staffs are all nice

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Finance Intern in Hanoi (Vietnam)
    Former Intern - Finance Intern in Hanoi (Vietnam)

    I worked at Standard Chartered Bank as an intern

    Pros

    Quite a lot of work to do, so I just stay will only 1 role, there was no rotation.

    Cons

    Great Chance to improve knowledge, skills

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Fantastic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Relationship Officer in Lagos (Nigeria)
    Former Employee - Customer Relationship Officer in Lagos (Nigeria)

    I worked at Standard Chartered Bank

    Pros

    The Organization encourages growth and success in its employees by creating the environment. they are also prepare you for success by training you. leadership skills are worthy of emulating

    Cons

    compensation and salaries to junior staff

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    SBC review

    • 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 (less than a year)

    Pros

    Willing to make progress.

    Cons

    Slow on boarding process, outdated alert monitoring system, and backlogs.

    Doesn't Recommend
    Negative Outlook
  6.  

    fair salary provided, long working hours

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

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

    Pros

    good career exposure, many opportunities to fresh graduates

    Cons

    long working hours, no work- life balance

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  7.  

    International Graduate Program

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

    I worked at Standard Chartered Bank

    Pros

    The international graduates are given good exposure to top management and taken on loop with organizational level strategy and the way ahead. They are always in on the bigger picture of business due to frequent interactions with senior management. International graduate enter one grade higher than the starting grade (starting grade i.e. the lowest permanent employee level is G9, IG's enter at G8) and after the completion of 2 year program all IG's are promoted to the next grade (G7) together with permanent placement for which they get several options. There is a good amount of international mobility, both during the two year program and afterwards. Many IG's chose to work in a market different from their home countries upon completion of the program. The IG're are paid higher than the average employee on the same grade and well looked after generally during the program.

    Cons

    Once the IG program finishes, then its different for different people. Some find it hard and same as end of honeymoon period. Quite a lot of IG's leave the bank afterwards. A lot depends on where the graduates chose to work. Some markets are great and have good potential, others not so much. Also the IG's are used to good support during the program from HR and afterwards its no so forthcoming anymore which is a rather disappointment. The HR policies for common employees are rather 'not pleasant' and the IG's once they become part of regular core of employees feel the heat more .
    Apart from this the usual issue of long working hours and politicism and nepotism prevails in some markets atleast and its quite a downer for the younger lot.

    Advice to ManagementAdvice

    The HR policies of the bank are quite questionable in quite a few markets and generally employee morale in these markets is not quite up to the mark. The nepotism and politicism also has a big affect and is quite damaging to morale. The turnover of Standard Chartered is quite on the higher side compared to industry, atleast back when I worked and the senior management has never really done much to alleviate that.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Cronyism, bleeding of values over a very short time frame, poor decision making from senior management

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

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

    Pros

    -Diverse cultural exposures
    -Decent work ethos with regards to honesty
    -Customer-oriented service
    -Good learning opportunities if you exhibit a willingness to learn
    -Great branding in the retail banking facet of the industry
    -Work-life balance is attainable

    Cons

    -Poor integration of technologies to support middle to back-end processes. resulting in unexplained manual workarounds
    -Cronyism is prevalent across the bank's middle to senior management
    -Culture and values have waned drastically despite regular "recommitments" expected from employees, all within a short span of 2 years
    -Inadequate compensation for entry level positions, incommensurable with efforts/skills required
    -Frequent shirking of responsibilities from highly concerned parties/units, resulting in preventable stand-stills
    -Bootlicking is rewarded greatly, as compared to pure and honest work with intention to improve
    -Lack of foresight involving big decisions- too often have we been making preventable losses despite early signs and warnings
    -Big foreigner base (lots of Indians) who come on board based on friendship rather than proven track records
    -Slow career progression and wage adjustment is pathetic

    Advice to ManagementAdvice

    -the current CEO and Ex-Co must go, dissociative strategic directions have taken a big toll on the global brand
    -re-assess hiring practices, including contract workers (there are too many Indians)
    -inculcate an ownership culture in the ranks to put collective manhours to good use

    Doesn't Recommend
    Negative Outlook
  9.  

    Given broad opportunities in related departments.

    • 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 (more than 8 years)

    Pros

    Transparent with performance recognition.

    Cons

    Regular changes to senior management personnel, resulting in shifts in strategic direction.

    Advice to ManagementAdvice

    Back to basics is best.

    Recommends
    Negative Outlook
  10.  

    Feedback

    • 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

    Work-life good manageable here where in other bank its difficult

    Cons

    Huge Pressure here for targets

  11. 1 person found this helpful  

    Company with great welfare

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

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

    Pros

    People were great to work with, the welfare was extensive. It definitely has more work life balance compared to many of the other banks I've worked at.

    Cons

    Wouldn't really consider it as a first tier bank. Compared to other banks that I've worked at, the pace here is quite slow. I remember the turnaround times for things to get done was quite long- eg: took the IT department 1 month to set up my full access to the systems- can you believe how much time was wasted?

    Advice to ManagementAdvice

    -

    Recommends
    Neutral Outlook
    No opinion of CEO

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