Sumitomo Trust and Banking

www.sumitomotrust.co.jp
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Sumitomo Trust and Banking Reviews

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2.2
5 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
Sumitomo Trust and Banking President, CEO, and Director Hitoshi Tsunekage
Hitoshi Tsunekage
2 Ratings

Employee Reviews

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  1. Not on the list of best places to start a career...

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

    I worked at Sumitomo Trust and Banking full-time (more than 3 years)

    No opinion of CEO
    No opinion of CEO

    Pros

    If you're a fast learner, you can get really good experience. Some very smart people here.

    Cons

    No training or mentoring, so you're on your own here. Performance and compensation seem to be very loosely linked.

    Advice to Management

    Don't just say you value your people...

  2. Great people but too much red tape

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

    I worked at Sumitomo Trust and Banking

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    coworkers were great with sharing information and bonding
    if needed help, could approach anyone up to the VP for assistance

    Cons

    senior management wasn't good at communication
    choices were made by people in Tokyo who didn't know the product or the industry

    Advice to Management

    communication needs to be improved. everyone already knows how the system works and how hard it is to get things done, so there isn't a motive to do better

  3. Helpful (1)

    Extremely process oriented

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Hoboken, NJ
    Current Employee - Anonymous Employee in Hoboken, NJ

    I have been working at Sumitomo Trust and Banking

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good Benefits, compensation at or above the market and convenient location. The company is profitable which can be reflected in year end bonuses.

    Cons

    Bureaucratic mindset trumps all including common sense. God help you if you make an error. Not a good place to work if you seek advancement based on performance.

    Advice to Management

    Management should realize that their processes, procedures and systems need to be updated to reflect the 21st century and not the 1980's.

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  5. ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Officier
    Current Employee - Officier

    I have been working at Sumitomo Trust and Banking

    No opinion of CEO
    No opinion of CEO

    Pros

    good medical benefits , vacation carryover policy

    Cons

    difficult to move up the company ladder

    Advice to Management

    requires better assesment of performance reviews

  6. Helpful (1)

    Weird Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Analyst
    Former Employee - Analyst

    I worked at Sumitomo Trust and Banking

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

    Pros

    Benefits were pretty good and they were flexible on taking time off. They also are conveniently located in the city.

    Cons

    It was very hard to move up. They are not willing to give promotions unless you are there for too many years.

    Advice to Management

    I would advise them to encourage promotions based on hard work and not based on number of years in the firm.

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