Standard Chartered Bank

www.standardchartered.com

Standard Chartered Bank Reviews in Singapore, Singapore

Updated January 24, 2015
Updated January 24, 2015
682 Reviews
3.5
682 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Standard Chartered Bank Group CEO Peter Sands
Peter Sands
293 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

115 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Neutral experience, rather disorganized operations system that needs to be improved as there were a lot of wastage

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

    I worked at Standard Chartered Bank

    Pros

    The office culture was friendly and motivating
    Amenities were fabulous and welfare was good
    Prep talk every month that helps employees feel engaged

    Cons

    Problematic operations system and delays

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    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
  3.  

    Not for those who just want an easy job

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

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

    Pros

    -good cultural values promoted
    -people do talk about the values and try to incorporate them into their day-to-day work

    Cons

    -high level for stress, though for some can be a kind of motivation
    -unclear role and responsibilities
    -long hours

    Recommends
    Negative Outlook
    Approves of CEO
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  5.  

    Massive changes with little thoughts and clear direction

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

    I have been working at Standard Chartered Bank

    Pros

    Had the opportunity to experience the HFG days where the values were lived. Above avg health coverage. Above avg salary.

    Cons

    Slow promotion
    Massive changes and restructuring
    No idea what the top is thinking

    Advice to ManagementAdvice

    We are more than numbers in the organisation. We used to stand for something. We used to be HFLR, HFP, HFG.

    Are we still living that?

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Compensation is at market rate but too much effort in managing up

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

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

    Pros

    Compensation is attractive, impression is very important

    Cons

    Spent too much time managing upwards, people who just wants to do their job will be disappointed

    Advice to ManagementAdvice

    When it comes to assessing future leaders the management should try to get 360 feedback.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    CAUGHT IN A DOWNWARD SPIRAL

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

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

    Pros

    Likely all in the past. Quality staff are fleeing as senior management rearrange the deck chairs.

    Cons

    Chaotic. Little integrity. Very political. Massive cronyism and racism.

    Advice to ManagementAdvice

    Resign while there is still a viable franchise to salvage.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Used to be a great place but not sure if they are Here for Good now...

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

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

    Pros

    Supports internal moves & provides opportunity to do different roles;

    Cons

    Lack of diversity & fairness in certain departments where certain nationalities make up almost 90% of the team! Poor work-life balance particularly in Retail business. Bonus is not great.

    Advice to ManagementAdvice

    Change your strategy and stop being fixated on doing things the old way

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    good bank

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

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

    Pros

    nice culture, balance work lie culture

    Cons

    belo average pay, IT system and process slow you down. not much increment

    Recommends
    Neutral Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Promotion is very hard to get by even though I have been above-average performer

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

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

    Pros

    Good work-life balance; Various businesses to move around; lazy work culture;

    Cons

    Promotion glass ceiling; Salary increase very minimal, does not even cover the annual inflation rise; demotivating in general;
    Mediocre bank with mediocre ambitions and hiring is based on who knows whom.

    Advice to ManagementAdvice

    Reduce politics in departments, favouritism and provide adequate growth opportunities to deserving candidates and don't passover promotions from them

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Politics...

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

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

    Pros

    International exposure
    Networking opportunités
    Work life balance

    Cons

    Too Much politics
    Pack of ambition from top management

    Advice to ManagementAdvice

    Listen to tour customers
    Stop being complecant

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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