Sumitomo Mitsui

  www.smfg.co.jp
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2.1 14 reviews

33% Approve of the CEO

Sumitomo Mitsui President Koichi Miyata

Koichi Miyata

(3 ratings)

10% of employees recommend this company to a friend
14 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Inappropriate and Disrespectful Exit Immediately. Just leave now, you are no longer needed.

    (Former Employee) New York, NY

    ProsTo be employed and get out. More Japanese than Americans. Know it or you can be an outsider. Be there at exactly on the dot, and if you come up a minute later, you are considered late mark on your performance review. Leave work exactly at 5pm on the clock, no exceptions or your supervisor will yell at you for not being a team player! Move you from convenient Midtown Manhattan office location to JC, NJ to inconvenient your commute and then, laid you off later. Nice and organized annual health fair, it's fair. Standard job salary, benefits, and performance bonuses if you suck up to your boss.

    ConsShut my mouth when it’s time

    Open it… when it’s time

    If I want a promotion, do that job without the title and the pay check. They will have to give it to you at one point.

    Lower my expectations (in term of numbers or delays)

    Deliver the maximum (and get a huge achievement bonus!)

    Makes allies in every department, it’s always useful! Because your manager will get you with this in your performance review (poor communication is bad) if you don't socialize and make friends to other department people. She deemed it is important. You can't be yourself and pretend that you like them.

    Advice to Senior ManagementRead it and it's up to you. You get paid to do the upper management job salary. Appreciation is much appreciated.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Terrible company to work for

    Anonymous Employee (Former Employee) New York, NY

    ProsDifficult to think of any pros. The companys location in Midtown East is convenient. Thats about it.

    ConsThe salaries at all levels of the company are below market for the industry.

    The atmosphere around the office is not pleasant. The culture is toxic, and there is a fear that is perpetuated by the Expat community.

    Expats are promoted before American staff.

    Managers do not care about work/life balance.

    There is a glass ceiling for women.

    The Expats look down on American staff.

    The benefits of being an employee are basically limited to health care.
      -There is no such thing as employee day, when employees are treated.
      -The Christmas party costs $50 to attend, $50+ to bring a guest.
      -No stipends for cabs or dinner if you are asked to work late.
      -There are occasionally team dinners and parties, but they generally cost each employee $40-$60, and you are expected to attend.
      -No office cafeteria.
      -Hours are just as long as peers in American banks, if not longer, but pay is much less.
      -HR is not supportive, and does not make employees feel like they are operate on the employees behalf.
      -The pantries are a disgrace. There is literally only green tea and coffee- no milk.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Archaic Japanese company

    Assistant (Current Employee) New York, NY

    ProsMakes you appreciate every job you thought hated
    Very retro work environment, think Madmen where women with BA and MBA with good titles are regulated to low level positions and doing things like pouring tea during meetings despite experience.
    Work life balance - very good if you ignore your manager's warnings about working late when there isnt much work to be done, or coming in 5 minutes late due to a sick passenger on the train.
    Manager changes every week, so the manager you hate will most likely not be there soon because they get sent back to Japan.

    ConsCulture
    Compensation - will lowball you and sell you the lack of layoffs
    Technology - they use a access db as their CRM, Lotus notes, Windows XP, IE 6, cloud services is foreign here
    PTO - very low by modern standards
    Sick days - you get dinged on performance review for using it

    Advice to Senior ManagementHire a management consultant from a company like Goldman, Moodys, BarclaysReuters, etc, shake things up, focus on employees.

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Comp & Benefits
    • Approves of CEO

    1 person found this helpful  

    Terrible...hostile work environment due to very poor management!

    Senior Accountant (Former Employee) Warren, NJ

    ProsThe majority of the employees here were very pleasant to work with, especially the Japanese who were very respectful.

    ConsMy department was a joke! Very unprofessional and very poorly managed. There was a senior tax accountant who was extremely unhappy and hostile. This was permitted.

    Advice to Senior ManagementGet a backbone! And realize that the confidentiality you boast about doesn't exist, especially in the legal department and the president's office. I believed that the HR department was professional and really cared but I found out that they go with the status quo regardless of what they claim.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Never again.

    Associate (Current Employee) New York, NY

    Pros- You get paid
    - People are generally nice
    - Weekends generally free; 8:30 - 6:30 work hours on most days

    Cons- Inefficient and bureaucratic: a lot of deliberation / discussion over minutiae
    - Inadequate and outdated software and technology; proprietary software is useless
    - Distrust of external sources (e.g., JP Morgan, Credit Suisse, etc.)
    - Condescending, arrogant and dismissive management
    - Minimal investment in employee / career development
    - Unnecessarily long processes (50+ page redundant applications)
    - Just because it takes more time to finish a process, it doesn't make it better. Learn efficiency.

    Advice to Senior ManagementYou may want to invest in your proprietary technology and employees. That means training your employees, knowing in what capacity you want to use each employee, and actually caring about your employees' development.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

    Ok to park but always look to move on

    VP (Former Employee) New York, NY

    ProsNice office location in midtown Manhattan. Bonuses are good depending on the year the organization has had as a whole. Great health benefits.

    ConsBonuses are performance driven; meaning if the company as a whole is not doing well, your bonus will reflect that. It is a Japanese company that is bureaucratic and filled with red tape. Even thought they have operations in the states, the japanese way of doing business overrides and they have difficulty undersanding business ops in the states and other countries. If you are not Japanese you will be the first laid off. Management is not looking out to move the organiztion forward they only care about their next assigment. Super stars leave after the first year or 2 and what is left just maintains operations. Extremely political to a point where nothing gets done in the right way.

    Advice to Senior ManagementStop worrying about your next assignment and try and move the business forward.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Stability has a price

    Assistant Vice President (Current Employee) New York, NY

    ProsI feel that SMBC is a place where you can go if you are looking for stability. Very unlikely that they fire or let go anyone. The career path follows the Japanese model where promotions and salary increases come at a slow, but consistent pace (therefore it is not a place for superstars). In a year like 2008, where industry-wide bonuses were down, I had mine increased by a significant amount (perhaps it was too low in the previous year). They throw you in the middle of the ocean, so you must learn to swim fast. In many places they would not give you the same kind of opportunities as they would not probably expect that you become an expert overnight.

    ConsThe work load can be brutal, especially because things are done in a way (Japanese) that often appears arcane. If your management is Japanese, then dialogue and feedback are limited and communication problems will abound. Form over substance is the rule, so be prepared to make charts, fill checklists and become familiar (for what it is possible) with incomprehensible rules and manuals.

    Advice to Senior ManagementBe open to suggestions and enhance dialogue at all levels.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Be very careful what group you work for.

    Assistant Treasurer (Former Employee) New York, NY

    ProsIts a large multinational bank with great reach.

    ConsYour experience working for the bank depends on which group you are working for. Some groups overwork you without any benefits beyond what others who don't work nearly as hard get too. In the groups that work you hard the words work and life are never in the same sentence.

    Advice to Senior ManagementOverworking people only makes them leave.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Fair Bonuses. Awesome work life balance.

    Anonymous Employee (Former Employee) Singapore (Singapore)

    ProsPlenty travelling to Japan, Fair Bonuses. Awesome work life balance. I could work there for a long time.

    ConsJapanese Culture overall. Mood Killer... Its awfully quiet in the office and not much minglling amongst the Japanese and Chinese

    Advice to Senior ManagementLighten up a little.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    oldschool japanese bank

    Officer (Former Employee) Toronto, ON (Canada)

    Prosstable, good life-work balance, ok pay

    Consno career, no motivation, inefficient approval process, zero risk appetite

    Advice to Senior Managementhaving offices around the world doesn't mean "global".

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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