Standard Chartered Bank

www.standardchartered.com

Standard Chartered Bank Reviews

Updated January 28, 2015
Updated January 28, 2015
679 Reviews
3.5
679 Reviews
Rating Trends

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Standard Chartered Bank Group CEO Peter Sands
Peter Sands
291 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.  

    Great work culture

    • 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

    Pros

    You have a very supportive network of colleagues that help spur your professional and personal development.
    Very committed to work life balance and diversity!

    Cons

    I have no major complaints

    Advice to ManagementAdvice

    Continue listening to your staff, happy staff increases productivity

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    It was very learning experience for me.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fast Trak Graduate in Karachi (Bolivia)
    Former Employee - Fast Trak Graduate in Karachi (Bolivia)

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

    Pros

    Open culture and lots of focus on training.

    Cons

    Can require long hours at times.

    Advice to ManagementAdvice

    Allowing more flexibility in having an off day on quick notice.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    GOOD

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

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

    Pros

    Learning, Exposure, Brand, Work life balance, Opportunities
    These are the 5 Pros an employee can experience while working

    Cons

    Growth, Unclear process, Laid back attitude, Politics, Products
    These are the 5 cons whixh may annoy the employee

    Recommends
    Negative Outlook
    No opinion of CEO
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  5.  

    Good experience to work at Standard Chartered

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

    I worked at Standard Chartered Bank

    Pros

    Good quality of people with excellent values. Good risk appetite particularly in the credit space.

    Cons

    Poor management often located in remote locations. Poor systems. Poor leadership and consistency in the global strategy.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Great bank to work with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Service Representative in Lahore (Pakistan)
    Former Employee - Financial Service Representative in Lahore (Pakistan)

    I worked at Standard Chartered Bank

    Pros

    everything about the company was great

    Cons

    nothing about the company was not great

    Advice to ManagementAdvice

    nothing to be said because everything was great

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Poor Leadership took a good bank down. This was a bank which had real presence and respect till 2008.

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

    I worked at Standard Chartered Bank full-time (more than 8 years)

    Pros

    Was one of the best International banks in emerging markets
    Decent compensation
    Strong performance and sales culture, overall good experience to learn at all levels
    Good international opportunities for talented staff
    Diverse leadership

    Cons

    -Leadership under the current CEO (since 2006) slowly eroded the culture of this bank. There was an emphasis to bring in people from the outside who really didnt have the experience, culture and the vision and changed the fabric of the bank. So many experienced hands have left proactively or through the process of many restructures.
    -The Wholesale Bank dominated for years, and now they are paying for this in the form of heavy credit losses which is affecting financial performance and creating uncertainty e.g. recent divestment of businesses acquired in the last 5-6 years.
    -You get a sense that nepotism works and that this is still a bank with some colonial mindset at the top
    -Poor career planning for staff on expat roles leading to uncertainty and disruption in professional and personal lives.
    -Does not reward staff who speak their mind or challenge management (in a positive way). There is pressure to conform.
    -Considerable pressure to deliver short term results which affects your long term performance. This also promotes unhealthy behavior in managers who tend to push hard for performance irrespective of external or market conditions.

    Advice to ManagementAdvice

    Time for a change in top leadership, and focus on building the culture of the past. Build a company where people will be once again proud to work for

    Recommends
    Negative Outlook
    Disapproves of CEO
  8.  

    Have been with scb for a year as a front liner.

    • 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 (more than a year)

    Pros

    Plenty of learning and internal promotion opportunities.

    Cons

    Too frequent change of bank policies and inefficient meetings which lead to inefficiencies. Unfriendly working environment and unrealistic expectations fm management. Micro management style.

    Advice to ManagementAdvice

    Be consistent in terms of communications and actions. Be nice to employees as we can be the most valuable assets to company.

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

    Career limiting if you are considering venturing into a specialist area.

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

    I have been working at Standard Chartered Bank

    Pros

    Job stability; specially suitable for generalists.

    Cons

    Career limiting for someone considering a career in a specialist field. You become more of a generalist without having much expert knowledge in any specific area.

    Recommends
    Negative Outlook
    No opinion of CEO
  10.  

    Excellent organization to learn banking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Relationship Manager in Dubai (United Arab Emirates)
    Former Employee - Relationship Manager in Dubai (United Arab Emirates)

    I worked at Standard Chartered Bank

    Pros

    Excellent place to learn
    Multicultural team

    Cons

    Internal growth opportunities slow.
    Compensation increments low

    Advice to ManagementAdvice

    Promote internally and encourage lateral movement & international assignments

    Recommends
    Negative Outlook
  11.  

    NOT SO BAD AN EXPERIENCE

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

    I have been working at Standard Chartered Bank

    Pros

    Training opportunities , networking across the world (different continents) working with some of the best systems and latest technology

    Cons

    work life balance may be hard depending in which department/ country you work in.

    Sometimes the salary structures and beauracracy surrounding them can be very frustrating

    Recommends
    Positive Outlook
    Approves of CEO

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