Standard Chartered Bank

www.standardchartered.com
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Standard Chartered Bank Reviews

Updated July 1, 2015
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699 Employee Reviews

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  1. Talent is not valued

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

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

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

    Pros

    Tolerance for mistakes is rather high hence this makes for a good learning bank

    Cons

    You will never be compensated at market value if you rise up internally. You have to leave the bank and return if you are set on working for SCB


  2. Disoriented bank where teams work in silos

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

    I have been working at Standard Chartered Bank full-time (More than 8 years)

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

    Pros

    Competitive salary at mid management levels
    Encourage staff to change roles after every couple of years

    Cons

    Frequent role and structure changes
    Lack of team work
    Lack of diversity amongst different races
    Staff annual rating process is not transparent

    Advice to Management

    Staff doesn't associate itself with any particular organization goal
    Invest in sustainable technology


  3. Asia Equity Team

    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

    A team of professional individuals to work with

    Cons

    Top management screwed everything up

    Advice to Management

    take care your people, don't just say "here for good', then lay off everyone who worked B88-off for you


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  5. Not the best place to start but worth joining at a later stage in your career

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

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

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

    Pros

    Freedom to do what needs to be done (little micro management

    Cons

    Not enough SMEs thus knowledge extraction is difficult
    No clarity around how current projects will improve the business in the long term
    Many people overvalued: knowledge < pay

    Advice to Management

    Ensure that resources are pulling their weight


  6. People spend more time on politics than their job scope. Yes, your career depends on it.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Standard Chartered Bank (More than 3 years)

    Pros

    Wide geographic coverage, good network

    Cons

    There were too many power centres within every department, whose aim is to survive as that group!

    Advice to Management

    Change the culture, that's all it takes.


  7. I don't like to work for bank as, SCB is no exception.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Standard Chartered Bank

    Pros

    The international graduate program is an advantage for graduates to enjoy at an entry level

    Cons

    The incompetence of management cause frustration and difficulty for everyday 's work.


  8. No clear direction for the company, leading to hostile and disorganized work environment.

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

    I worked at Standard Chartered Bank

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

    Pros

    Opportunity for international travel given bank's global footprint.

    Cons

    Below market pay, little to no chance for promotion, long hours.


  9. Helpful (2)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    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 Management

    -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


  10. Helpful (1)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    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 Management

    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


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

    • 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 (More than a year)

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

    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 Management

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



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