Société Générale - dysfunctional environment | Glassdoor
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There are newer employer reviews for Société Générale

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Helpful (2)

"dysfunctional environment"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Director in New York, NY
Current Employee - Director in New York, NY
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I have been working at Société Générale full-time (More than 10 years)

Pros

can take vacations
mostly ok work life balance, unless they fire your team and leave you to do the work of four people

Cons

bad management
short sighted
promotions based on considerations other than competence
not friendly management environment for women.

Advice to Management

it's ok to have to downsize the us footprint, it's ok to have to cut headcount, but it's very unfortunate when you push out the smart people and promote the mediocre. what i've seen happen over the last year is smart people leave for other companies (Credit Suisse, Bank of America) or retire. Especially bad place for women. Since Diony Lebot left (first woman CEO in the US), it's gotten much worse. more than 100 people have left since the last round of layoffs and most of them are female because the work environment is so poor.

Other Employee Reviews for Société Générale

  1. Helpful (4)

    "Scarce career opportunities and low compensation"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Société Générale full-time (More than 5 years)

    Pros

    Good reputation in europe and good products expertise

    Cons

    Scarce career opportunities nationally or internationally
    Low remuneration and very poor bonuses
    Poor HR policy
    Work rarely challenging
    Little management support


  2. Helpful (3)

    "risk culture deteriorating"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in New York, NY
    Current Employee - Managing Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Société Générale full-time (More than 10 years)

    Pros

    able to take vacation days
    weekends are your own
    rare late hours

    Cons

    overly political management structure
    top down poor risk culture - good people being forced out / down
    paris loyalists very out of touch with new york business
    risk not represented at executive committee

    Advice to Management

    hopes were high that an american ceo would mean a management structure and culture more in synch with the us businsses. But that has failed to be realized. the new / old head of risk's philosophy of allignmebt with the business is close to subjugating risk to a pro forma review function. risk senior management comes off like it doesn't take things seriously. during a recent presentation by the ceo of the global investment bank, the head of market risk fell asleep.


There are newer employer reviews for Société Générale
There are newer employer reviews for Société Générale

See Most Recent

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