Standard Chartered Bank

  www.standardchartered.com
  www.standardchartered.com

Standard Chartered Bank Reviews

Updated October 28, 2014
Updated October 28, 2014
622 Reviews
3.6
622 Reviews
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Standard Chartered Bank Group CEO Peter Sands
Peter Sands
260 Ratings

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 64 reviews)

  • Work life balance as they have flexi hour with good working environment (in 42 reviews)


Cons
  • Work can get a bit hectic, sometimes difficult to maintain a work-life balance (in 21 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.  

    Changed for the worst

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

    I worked at Standard Chartered Bank full-time (more than 10 years)

    Pros

    Bank has the right footprint and the prior model would work if they went back to it.
    Good chance to work abroad

    Cons

    A lot of Investment bank hires in managerial roles taking the money and having unrealistic expectations.
    Bank is rapidly losing its DNA

    Advice to ManagementAdvice

    Go back to the old "here for good" SCB model which has now become here to get whatever I can for myself over the last couple of years

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Great people, dysfunctional management

    • 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 5 years)

    Pros

    SCB has some great people, pockets of opportunities to have autonomy and make a real difference in the organisation, salaries are good, people will sometimes take a risk on you and allow you to develop, cross functional working can be really productive, lack of hierarchical barriers to access people mean exposure to seniors can happen more easily

    Cons

    There is a fear culture around making mistakes so things get passed down the line to the more junior staff which creates huge stress and big mistakes, lack of visible accountability at the senior levels, big focus on operational cost issues so middle and junior management get put under huge pressure to deliver 200% with minimal resources, very political at the seniors

    Advice to ManagementAdvice

    Visibly role model your values and be seen to take accountability for mistakes, people are very forgiving if you are authentic

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    No work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - HR Professional in Makati City (Philippines)
    Former Employee - HR Professional in Makati City (Philippines)

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

    Pros

    Very competitive benefits and career programs for the employees. There are non-work related activities on a quarterly basis to help keep employees engaged. Good corp citizenship.

    Cons

    There is no room to grow in this Bank. Although it has been in the Market for quite sometime, its brand is not as competitive as other international banks in the country. Applying for internal mobility is very challenging. Promotion is quite slow and you lose a lot of people just because movement is very steep.

    Advice to ManagementAdvice

    Open a lot on internal opportunities for people to grow. Create more balanced work allocation for people so they can learn and enjoy while doing their work.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    disconnected..

    • 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

    Pros

    various benefits and strong culture

    Cons

    poor compensation, irresponsible attitudes, disconnect between the management and staff

    Advice to ManagementAdvice

    compensate employees better, both monetary and advancement opportunities

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 3 people found this helpful  

    Great place for those who aspire to experience emerging markets banking, but people side has room for improvement

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

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

    Pros

    Has a relatively flat organization structure, which allows you to present your ideas to senior executives. Colleagues treat you as peers and you can pretty much dictate which projects/ initiatives you want to work on by either presenting your concept, or putting your hands up. The exposure to a plethora of markets is unparaleled. You get to meet a large number of people from across the network and at all different levels throughout the bank.

    Has a relatively relaxed culture.

    Cons

    It's a large universal bank, so expect a highly matrixed structure. For many years, hiring practices has been questionable, meaning the ethnic mix of staff/ and placement of staff in markets may not be in the best interest of shareholders, "minority" group staffs and the bank itself. This is unlikely to change and could result in a talent brain drain - where top-notch bankers either leave, or do not have Stanchart on their consideration list of potential employers.

    Advice to ManagementAdvice

    Whllst we recognize the importance of shareholder value, please try and ensure that you adhere to core corporate values and more importantly, Diversity & Inclusion. It's not too late to reposition the bank in the heart's and mind's of customers and staff.

    Recommends
    Negative Outlook
    Disapproves of CEO
  7.  

    Horrible.

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

    I worked at Standard Chartered Bank as an intern (less than an year)

    Pros

    There is a lot to learn working in the bank.

    Cons

    Politics.
    You need a God father or God Mother to rise through the ranks.

    Advice to ManagementAdvice

    Treat NYSC Corpers well and not just as trash.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Too much politics, no career progression, promise or planning in place

    • 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 5 years)

    Pros

    Adequate pay and decent work life balance

    Cons

    politics, no career growth opportunities

    Advice to ManagementAdvice

    give existing employees an opportunity to grow rather than hiring senior resources externally

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

    relentless

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

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

    Pros

    fun during rapid expansion; some nice people

    Cons

    highly political; senior management teflon

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Stressful, disorganized and inefficient

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

    I have been working at Standard Chartered Bank as a contractor (less than an year)

    Pros

    Good views. Good cafeteria. New offices.

    Cons

    A lot of useless meetings, backstabbing and sucking up

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Too burocratic

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

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

    Pros

    Good Bonuses, Good HR Policies, Very few but extremely smart technologists, Made Great Friends.

    Cons

    Lesser career growth, Lesser Salary growth, Very few but very smart people (offset to a great extent to the prevailed incompetence).

    Advice to ManagementAdvice

    Need more technologists,
    Less business analysts(Involve good technologists in understanding business, they know better in-out), or make it mandatory to be CFA or Finance Major to be BA
    Flat hierarchy,
    Really Need to improve things (don't settle on "as long as it works")

    Recommends
    Negative Outlook

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