SunTrust - Investment banking with a Southern twist | Glassdoor
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There are newer employer reviews for SunTrust

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"Investment banking with a Southern twist"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Investment Banking Analyst in Atlanta, GA
Former Employee - Investment Banking Analyst in Atlanta, GA
Doesn't Recommend
Disapproves of CEO

Pros

Corporate & Investment Banking was a good training for careers in the future. Analysts training program consisted of 6 weeks class room courses in accounting, corporate finance and financial modeling. Access to Senior bankers is very good. Job responsibility and engaging assignments.

Cons

Investment Banking did not pay the usual high salary even though you have to deal with the same stuff. A lot of managing directors who did not pull their weight. Definitely still a good old boys club. Bonus for analyst class of 2006-2007 was only 30% of base ($60k).

Advice to Management

Take more prudent risks

Other Employee Reviews for SunTrust

  1. Helpful (1)

    "A good place to start"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Service Representative in Herndon, VA
    Current Employee - Financial Service Representative in Herndon, VA
    Disapproves of CEO

    Pros

    Great place to start and learn the basics. The training is extremely helpful and allows you to learn the business and the trade. It takes some time once you learn the basics to advance to higher areas in the institution because of the lack of positions available and also the assistance and help of the immediate management in your personal achievement and adavancement. SunTrust is a very conservative bank, so the job outlook is strong, but the pay is definitely not what the market and competeitive industries are working with. I'm happy because I've learned a greeat deal about the industry as a whole but am looking elsewhere for advancement opportuinites.

    Cons

    Not much room for advancement and the pay isn't competitive across the industry. The average time required in a position with a financial industry is 6 months where SunTrust places a committment of one year in a position where you may not be as happy as you thought you were. They merit increases do not keep up with the cost of inflation on a yearly basis and the bottom line is the sales that you complete, not the customer satisfaction. There is more emphasis on what can you do for SunTrust as opposed to what can Suntrust do for me?

    Advice to Management

    Pay your employees better for a job well done. Keep up with the cost of living increases. The average cost of living is 4-5% and you only offer a 3% avg pay increase for employees on a yearly basis? That's absolutely ridiculous. You should also take into consideration the employee's personal achievements and consider the employee's entire picture as a whole, not just their sales as it relates to a company.


  2. Helpful (1)

    "Great name, poor execution"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Branch Manager
    Former Employee - Branch Manager
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great name recognition in the southeast, respected company. SunTrust has a fantastic footprint within the southeast United States. Fair compensation and benefits package. Good place to start your career in the banking / financial industry.

    Cons

    Business units operate within silos. Slow, plodding operation, not "with the times" in product development. It is a great place to start, but you will eventually get tired of the company culture. The company culture is very laid back, slow to react to trends within the financial sector.

    Advice to Management

    For the sake of stock holders, as well as employees, sell the bank. The bank requires new blood to run the ship.

There are newer employer reviews for SunTrust
There are newer employer reviews for SunTrust

See Most Recent

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