Standard Chartered Bank

www.standardchartered.com
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Standard Chartered Bank Reviews

Updated July 2, 2015
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701 Employee Reviews

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  1. Helpful (3)

    Glad to be leaving!!!

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

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

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

    Pros

    It's not as 'cut-throat' as some of the other investment banks

    Cons

    Rubbish HR, appaling IT support - both outsxourced to India (it's like having the most frustrating call-center conversation every day)
    Non-progressive environment
    The bank is basically an Asian bank with a British sounding name and heavily adopts the SE.Asian way of working - the Singaporean government holds a high percentage of shares.
    Takes absolutely ages to get anything done
    High rate of new joiners end up leaving 6mths within joining

    Advice to Management

    Sort out your HR and IT support before more new joiners leave - you know it's a problem...do something about it!


  2. Trying too hard to be like an investment bank

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director
    Former Employee - Director

    I worked at Standard Chartered Bank

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    Excellent international opportunities, particularly if you get on the ex-pat scheme
    Fantastic Asian franchise

    Cons

    Too many employees on the graduate scheme who do not contribute to the business
    Recent focus on investment banking instead of core commercial banking
    Communication on the ground level


  3. Disappointing. Was not given an opportunity to learn, grow or improve.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Development Manager in Mumbai (India)
    Former Employee - Business Development Manager in Mumbai (India)

    I worked at Standard Chartered Bank

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Large company, large network. Great f&b facilities, good fitness facilities.

    Cons

    NO heart. Employees act very proud and do not help their colleagues. Maybe they feel they need to behave that way because of the brand association. However, it was a disturbing experience for me - I would not recommend it to anyone who is interested in a useful career progression and/or learning opportunities.

    Advice to Management

    Learn and focus development of people as the equity of the company rather than a resource.


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  5. SC BANK

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

    I worked at Standard Chartered Bank

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Reputation in the market.
    starbucks on the ground floor

    Cons

    Poor salaries/benefits.
    Work ethics hardly found.
    Horrible environment

    Advice to Management

    Take care of your employees. There is a reason that you have a skyrocketing turn-over ratio among the competitors.


  6. Helpful (1)

    An organisation about who you know and how much they like you.The HR community is about serving the senior management.

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

    I worked at Standard Chartered Bank

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Good vacation time
    Great social programmes
    A lot of community involvement

    Cons

    No proper appraisal that is fair. Evaluation is about the managers' liking for you
    Work ethics is about how much time you spend being nice to your boss
    Internal politics very rampant

    Advice to Management

    The management needs to be able to remove the flattery from the reality. There is also a need to remove their head from the clouds and listen to the people on the ground. There is a lack of diversity and the inability to decipher the good senior management from the bad ( which is a lot!)


  7. Helpful (1)

    In if you like and open, transparent, meritrocatic organization do not join

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director
    Current Employee - Director

    I have been working at Standard Chartered Bank

    Doesn't Recommend
    Doesn't Recommend

    Pros

    very International given the network
    Great pontential given network and investment capacity

    Cons

    between management and employee there is lack of transparency and good and honest communication
    Too complext organization to get thinks done
    luck of trust
    managed on fear wather then inclusion
    Career advance only if you are part of "The Club" no traspanrency
    No meritrocracy

    Advice to Management

    Get real and listen to employees rally
    Biggest problems are between band 2 and 4
    Create people leader as there are none around


  8. poor payers!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Graduate Associate in Dubai (United Arab Emirates)
    Current Employee - Graduate Associate in Dubai (United Arab Emirates)

    I have been working at Standard Chartered Bank

    Doesn't Recommend
    Doesn't Recommend

    Pros

    get to travel the world

    Cons

    pay and performance reviews always poor as a grad to keep costs down

    Advice to Management

    pay up!


  9. Currently, barely satisfactory

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

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

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

    Pros

    Good number of annual leave per year granted to employees as well as adequate cover of insurance which can be covered by the bank (if the employee chooses the appropriate coverage)

    Cons

    Difficult to get promoted even though there had been good feedback about performance. On the same note, there are too many reporting line managers which makes it difficult to gather feedback on performance.

    Advice to Management

    Being open-minded and transparent to employees / team members / subordinates.

    Provide adequate opportunities for local talents to rise up to mid managerial levels and above.


  10. Helpful (2)

    If you are optimistic and ambitious, do not waste your life here

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in New York, NY
    Current Employee - Sales in New York, NY

    I have been working at Standard Chartered Bank

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

    Pros

    - International mobility and travel.
    - Helpful employees

    Cons

    - Employees do not believe in organisation or product. Always making fun of how horrible it is. I do not understand why they do not leave.
    - Very average employees. Organisation goes down to the level of the lowest common denominator. Why should the ambitious employees bother putting in any effort, if everything is going to stall because of poor processes and incompetent employees?
    - Senior management totally out of touch with reality.
    - Technology is terrible. Very confusing processes - people just make it up as they go along. Often work becomes compensating for poor technology and processes.
    - Extremely bloated organisation. Too many cooks to spoil the broth. Everyone asks for status updates - creates duplication of communication.

    Advice to Management

    Trim the fat in management and senior management, for god's sake. We all hope Bill Winters is a clairvoyant man.


  11. Too shallow for its own good

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

    I worked at Standard Chartered Bank

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

    Pros

    Good salary and benefits system

    Cons

    Too much emphasis on face time; too little on meritocracy

    Advice to Management

    If you want to compete with the big banks, buckle up



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