SunTrust - Good bank to start off with | Glassdoor
There are newer employer reviews for SunTrust
There are newer employer reviews for SunTrust

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"Good bank to start off with"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Investment Banking Associate in Atlanta, GA
Current Employee - Investment Banking Associate in Atlanta, GA
Doesn't Recommend
No opinion of CEO

Pros

Good investment bank with decent perks located in a great city. Not the highest profile, but there are opportunities to move to bigger spots if your good enough. It's good that I've gotten a chance to work in so many different areas of the firm and have a broad knowledge of the Investment Banking industry. Great office building in a great location downtown.

Cons

Not as well known. Senior Management isn't very good at communications with Associates. Obviously not in New York or Chicago, so there is a much lower profile than in a financial capital. Pay isn't up to the same standards as some other Investment Banks.

Advice to Management

Better help with advancing their employees careers. More feedback and a better understanding of the strategic vision of the firm.

Other Employee Reviews for SunTrust

  1. "Great place to grow, if you can be patient"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Specialist in Orlando, FL
    Former Employee - Portfolio Specialist in Orlando, FL
    Approves of CEO

    Pros

    If you want to be part of a nimble, entrepreneurial organization, run from SunTrust. However, if you're looking to build a career with a respected bank and are willing to put in your dues, they have a lot to offer.

    Cons

    Following company policy is at times more valued than customer service or common business sense.

    Advice to Management

    Your reputation with numerous repeat borrowers is incredibly valuable. So you are able to get deals done without always offering the best terms. But don't get greedy, or the goodwill can quickly be lost.


  2. Helpful (3)

    "Not the place to be if you're looking to be on the fast-track"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Williamsburg, VA
    Former Employee - Financial Services Representative in Williamsburg, VA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Suntrust has a sizeable footprint if you're looking to work in the Southeast. Also, with luck and the right work ethic, it is possible to earn decent money working as a branch rep. The company does have a pension plan, which is rare these days, although it takes 5 years to be fully vested in it.

    Cons

    From my experience, most if not all regions suffer from extreme micro-management. It's so bad that someone as high-up as a regional LOB manager often sees the need to come in and directly observe tellers and other branch staff. Also, there is NO flexibility in how your job should be done. SunTrust has a "branch operating model", and this must be followed to the T, regerdless of its many flaws. The model essentially makes all jobs "stupid-proof", and hence they are able to bring in unskilled, uneducated employees at low salaries. Because of this, people with retail sales experience are far more valuable to them than anyone with a finance background. To ensure compliance with the model, management requires all employees to complete several layers of redundant reporting.

    For an example, all employees, even tellers, must complete a "daily contact sheet". This form has spots for every person one encounters on the phone, in person, or otherwise. It also has spots for sales oportunities uncovered, products sold, and follow-up opportunities. The employees must fill this sheet out and give it to the branch manager. The manager then takes these sheets, goes over it with the employee, and transfers the information to another sheet. The area manager then reviews these sheets with the branch managers, and so on. This kind of ridiculous reporting makes it difficult for anoyone to actually get any value-adding work done.

    Advice to Management

    Let successful employees continue to be successful on their own terms.

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

See Most Recent

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