Sumitomo Mitsui Financial Group - Stability has a price | Glassdoor
There are newer employer reviews for Sumitomo Mitsui Financial Group
There are newer employer reviews for Sumitomo Mitsui Financial Group

See Most Recent

Helpful (4)

"Stability has a price"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Assistant Vice President in New York, NY
Current Employee - Assistant Vice President in New York, NY
Doesn't Recommend
No opinion of CEO

Pros

I 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.

Cons

The 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 Management

Be open to suggestions and enhance dialogue at all levels.

Other Employee Reviews for Sumitomo Mitsui Financial Group

  1. Helpful (6)

    "Be very careful what group you work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Treasurer in New York, NY
    Former Employee - Assistant Treasurer in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Its a large multinational bank with great reach.

    Cons

    Your 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 Management

    Overworking people only makes them leave.


  2. "First Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Singapore (Singapore)
    Current Employee - Vice President in Singapore (Singapore)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Sumitomo Mitsui Financial Group full-time (More than 3 years)

    Pros

    Stable Job with substantially complex work experience

    Cons

    Less than avg mkt salary
    Japanese and Local Singaporean control makes foreigners less desirable

    Advice to Management

    Japanese and Local Singaporean control makes foreigners less desirable

There are newer employer reviews for Sumitomo Mitsui Financial Group
There are newer employer reviews for Sumitomo Mitsui Financial Group

See Most Recent

Work at Sumitomo Mitsui Financial Group? Share Your Experiences

Sumitomo Mitsui Financial Group
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or