Saxo Bank Reviews | Glassdoor

Saxo Bank Reviews

Updated November 19, 2017
129 reviews

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3.1
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Saxo Bank CEO Kim Fournais
Kim Fournais
48 Ratings

129 Employee Reviews

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Pros
  • Work life balance, great employee benefits (in 21 reviews)

  • Good salary if you know how to play the political game or get in from the outside to a high level position (in 12 reviews)

Cons
  • The rumors about hire and fire policy is all lies (in 15 reviews)

  • Full of politics-Place is full of dirty politics, (in 6 reviews)

More Pros and Cons

  1. "Senior Manager Corporate Actions"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Saxo Bank full-time

    Pros

    Work life balance, great employee benefits

    Cons

    No bonus. Too much work pressure seasonal


  2. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in London, England (UK)
    Current Employee - Manager in London, England (UK)
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Saxo Bank full-time (More than 3 years)

    Pros

    International teams, great working environment, lots of travel
    Opportunities if you are in client facing roles. Flat hierarchy, the manager is also your friend

    Cons

    Senior management changes frequently and so does the corporate strategy. Not very high bonuses, sometimes bonuses are not aligned with your performance at all.

    Advice to Management

    Appreciate and motivate existing employees instead of letting them go and hiring new inexperienced labour.

  3. "Good for fresh graduates, lack of career progression opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Saxo Bank full-time

    Pros

    Great work culture.
    Free food every Friday.
    Good maternity benefits.

    Cons

    Low pay, lack of career progression opportunities

    Advice to Management

    Pay your your colleagues according to industry standards.


  4. "Good pay, long work hours and politics"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in Gurgaon, Haryana (India)
    Current Employee - Senior Manager in Gurgaon, Haryana (India)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Saxo Bank full-time (More than a year)

    Pros

    Pay is above average industry standard. Work could be good depending on the team. Colleagues are usually good at their work, intelligent people.

    Cons

    No HR policies. Current lady admin manager has no sense of management, she is too biased towards people she knows and arrogant towards those whom she doesn't. Managers. are incompetent in general. Your salary depends on your reputation with the manager and not the work that you deliver. Lack of job security.

    Advice to Management

    Change the admin manager lady. HR policies should be defined for common employee benefits in the company should not be favoritism based.


  5. "Good place if you can handle stress"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Copenhagen (Denmark)
    Current Employee - Relationship Manager in Copenhagen (Denmark)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Saxo Bank full-time (More than 5 years)

    Pros

    Constant changes of strategy and goals

    Cons

    Pay raise difficult to get


  6. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Copenhagen (Denmark)
    Former Employee - Analyst in Copenhagen (Denmark)

    I worked at Saxo Bank full-time (More than 3 years)

    Pros

    Good career opportunities in Saxo Bank

    Cons

    Not good work/life balance in Saxo Bank


  7. "Horrible Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Gurgaon, Haryana (India)
    Former Employee - Software Engineer in Gurgaon, Haryana (India)
    Doesn't Recommend
    Approves of CEO

    I worked at Saxo Bank (Less than a year)

    Pros

    Free food
    Transport facility
    Good location
    Denmark opportunity
    Less pressure

    Cons

    Politics at all levels
    Worst management

    Advice to Management

    Just don't work to save your jobs

  8. Helpful (4)

    "Worst company you can ever work for! Hire and Fire"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Gurgaon, Haryana (India)
    Former Employee - Anonymous Employee in Gurgaon, Haryana (India)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Saxo Bank full-time

    Pros

    #If you have no knowledge and only know licking at the right place, you can do good in this company.
    # good work life balance as not much work only balance rightly between your global and local boss

    Cons

    You can write a book, space crunch so here are few.
    # look at the history of the company in Denmark or India both, most of the leaders are hired with high aspirations but fired also in the same year.
    # you can be fired anytime with notice and same day released and please be careful you will not get any severance package.
    # Policies are as per COO or HR convince, ever 15 days you will see policy change mail. You can assume a situation where 10 year old employee is also confuse on current policy and always end up referring to policy portal.
    # HR act as spies or personal assistant for COO, forget about HR work ethics.
    # Amin will have a more say than business.
    # forget about new learning, you will forget what you have learned till date.
    # ever changing priorities, they always get too excited about new thing's and prioritise but as soon as another thing come first thing get dropped.
    # IT or operations management both think they are Einstein and both had made all forecast about business wrong till date. Impact on people who will get hired first and later fired because they are not needed anymore.
    #Too much politics from COO office and all with the intention to keep a hold India office because neither you are IT guy and nor you have a clue about operations. So best way is keep destabilising business and present yourself as a saver to head office office.
    # one man decision company

    Last if you still can't stop yourself to join this company because you don't have job right now or due to the offer, please speak to some ex employees they will help you to change the decision .
    PS : Current employees will not tell you the truth because they are scared if someone got to know that they have given negative feedback than they will be fired next.

    Advice to Management

    Shut India office and if it's deadly needed as part of bank core strategy give it to third party, still you think you need captive unitin India to cater your ever changing requirements than change complete India management and HR.
    Finally if you are persistent to do neither of above than god bless SAXO Bank.


  9. "A good job but not excellent environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Prague (Czech Republic)
    Current Employee - Manager in Prague (Czech Republic)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Saxo Bank full-time (More than 5 years)

    Pros

    Relatively good pay, some benefits

    Cons

    Poor direction, constant changes, little job security

    Advice to Management

    Focus, focus, focus.


  10. Helpful (1)

    "Hire and Fire"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Gurgaon, Haryana (India)
    Former Employee - Senior Associate in Gurgaon, Haryana (India)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Saxo Bank full-time (Less than a year)

    Pros

    There is no pros.
    This company(sorry should say a shop) is not a finance based company, it's actually working on trading,
    Worst culture, no hierarchy, dumb people (A .net architect who does not know the path of Global assemble Cache) such people are sticking to this company since a long time because they are pet of danish.
    They worship and treat Danish as they are their parents. Shame on!
    very less learning , no career growth and 0 job security if you are not good with your unethical old Indian manager.
    Hardly will find a resource from an premier Institute. Managers are without having any professional degree( oops they are having polytechnic and BA degree LOL) and exploiting the resources .

    Cons

    Indian resources are like if Danish employee will ask them to clean their then they will be happy to do.
    Such a shameful culture is there, Indian government should close it's operation in India as it's not an IT company.
    They hire resources by tempting them with big package and once the work is done and employee is not good with danish or idiot Indian Manager they fire the employee without involving HR or any other management member and force resource to resign asap.
    Here mostly people are having 10+ years of outdated experience have 0 domain knowledge and girls are shop of make up with brain in knees.
    Never ever join this company, after serving few years in this company will become like this that no IT company will hire you (will come out with 0 technical knowledge).
    This company is for Senior Citizen people who pretend to work and insert the headphone in their ear all the time while watching you tube and facebook.
    Manager is aware of everything but done speak a single word out because he is also an fool and involve in such activities

    Advice to Management

    Please do not play with the career of employees


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