Sumitomo Mitsui Banking Corporation

www.smbcgroup.com
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Sumitomo Mitsui Banking Corporation Reviews

Updated February 18, 2015
Updated February 18, 2015
19 Reviews
3.4
19 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Sumitomo Mitsui Banking Corporation President & CEO Takeshi Kunibe
Takeshi Kunibe
4 Ratings

Employee Reviews

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  1.  

    Great group

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

    I have been working at Sumitomo Mitsui Banking Corporation full-time (more than a year)

    Pros

    I love working with my current group. When you like the people at your work, it makes your job so much easier. Pros: decent work hours, good team members, opportunities for growth for someone starting out of college.

    Cons

    Sometimes the Japanese culture can be a little different from American. The whole concept of "face time" that comes from Japan can be frustrating. Hierarchy with higher up management.

    Recommends
    Positive Outlook
  2.  

    Overall good place

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

    I have been working at Sumitomo Mitsui Banking Corporation

    Pros

    Helpful managers, standard benefit package and relaxed atmosphere.

    Cons

    Not much ability to learn different aspects of the operational side.

    Advice to ManagementAdvice

    Allow for more growth potential.

    Recommends
    Positive Outlook
  3.  

    It was a good learning experience as a summer intern.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Summer Analyst in New York, NY
    Former Intern - Summer Analyst in New York, NY

    I worked at Sumitomo Mitsui Banking Corporation as an intern (less than a year)

    Pros

    There were weekly training seminars for all the summer interns to familiarize them with programs such as Bloomberg and Capital IQ.

    Cons

    There was a very heavy focus on individual work, and rarely provided interns the opportunity to work together in teams.

    Recommends
    Positive Outlook
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  5.  

    A good place to start career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Intern - Hourly in East China, MI
    Former Intern - Intern - Hourly in East China, MI

    I worked at Sumitomo Mitsui Banking Corporation as an intern (less than a year)

    Pros

    coworkers are really nice. I learned so much from them

    Cons

    strict time schedule, not many opportunities for promotion

    Recommends
    Negative Outlook
    Approves of CEO
  6.  

    Sane Environment

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

    I have been working at Sumitomo Mitsui Banking Corporation full-time (less than a year)

    Pros

    I've worked at a number of financial firms, and the working environment here is saner than most. No prima donnas, friendly and collegial atmosphere.

    Cons

    They are a bit conservative in the sense that they aren't as open as they might be to new/better ways of doing things. There can be a "we don't do things that way" attitude rather than a "can-do" attitude. Part of the Japanese culture, perhaps.

    Advice to ManagementAdvice

    Be more open to change and innovation.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Good experience overall.

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

    I have been working at Sumitomo Mitsui Banking Corporation full-time (more than 3 years)

    Pros

    Long term prospects (Japanese culture); Close relationships between workers; Transferable on the CV - multinational bank. The business is doing well $$$.

    Cons

    Lack of transparency and direction from Senior Management. Long term employment often attracts people who wouldn't survive elsewhere. Systems are complex and creaking - built over years of adding extra bits and plastering over - not cutting edge.

    Advice to ManagementAdvice

    More transparency and better communication on direction of company

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Whatever you do, don't step your foot in.

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

    I have been working at Sumitomo Mitsui Banking Corporation full-time (more than a year)

    Pros

    Close to grand central so easy to commute, otherwise nada.

    Cons

    Everything. This is a Japanese bank ran by Japanese people from Japan. They have absolutely no respect for local hires. No career advancement. Worse if you are a woman. Pay sucks. People are there because they have no other choice. They don't value competency. Face time is the only thing they value.

    Advice to ManagementAdvice

    They have to acknowledge that they are in the U.S., not Japan.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Analyst

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

    I have been working at Sumitomo Mitsui Banking Corporation full-time (more than 5 years)

    Pros

    Low chance of being fired. Great company to work for during a recession...they never missed a paycheck. Laid people off because it was an opportunity not due to need.

    Cons

    Glass ceiling for women. More concerned about form over substance. Kissing up is the best way to get ahead. Management's attitude is often dismissive and arrogant. Annual pay raises are horrible. SMBC under pays for industry. Pecking order: Japanese , White, Spanish , Black.

    Advice to ManagementAdvice

    Provide opprtunity for career growth and your turn over rate would diminish.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    accounting intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Accounting Intern in Jersey City, NJ
    Current Intern - Accounting Intern in Jersey City, NJ

    I have been working at Sumitomo Mitsui Banking Corporation as an intern (more than a year)

    Pros

    awesome workplace and pll

    Cons

    need more opportunities for growth

    Recommends
    Positive Outlook
  11.  

    AML/KYC analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - AML/KYC Analyst in Brussels (Belgium)
    Former Employee - AML/KYC Analyst in Brussels (Belgium)

    I worked at Sumitomo Mitsui Banking Corporation full-time (more than a year)

    Pros

    This company has a great outlook for the future where many opportunities will arise. Project was interesting and new ones will come soon.

    Cons

    Not much to say here, I really enjoyed my time at the company. Maybe just that the top management is Japanese so that it may be difficult to move up at some point in a career path.

    Recommends
    Positive Outlook

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