Société Générale Reviews | Glassdoor

Société Générale Reviews

Updated March 22, 2019
1,400 reviews

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2.8
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Société Générale Chairman and CEO Frédéric Oudéa
Frédéric Oudéa
78 Ratings

Employee Reviews

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Pros
Cons
  • "The company is more suitable for those people who priortize work life balance" (in 34 reviews)

  • "cela l'ambiance de travail est excellente" (in 62 reviews)

More Pros and Cons

  1. "Quietly Moving in the Right Direction"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    - Smart colleagues and senior management with long-term vision, even when that means less popular short-term decisions.
    - Environment that values performance, contributions and ideas. That may not have always been the case and maybe not in all departments today. But in general, SG has moved out a lot of the old school senior people who were just happy to stay under the radar and not interested in real change.
    - Truly a very good place to work if you want to be involved in charity activities, diversity and inclusion efforts, and general input and involvement in culture of the bank. There' always something going on, and there are plenty of opportunities to get involved and do things beyond just the typical work experience.

    Cons

    - It's still part of a global bank. So decisions made in Paris sometimes aren't favorable for the US.
    - Banking in general is mired in a regulatory swamp. SG's no different and perhaps has even more complicated systems and processes for getting things done. It can be frustrating. Again, better than it was. But still room for improvement.
    - Even in NY, it's very much of a French or global bank. If you can't deal with diversity or people speaking French in the elevator, then it's probably not the place for you.

    Advice to Management

    - Stay the course. Listen to employees and keep moving in the direction you are.
    - Understand what SG is in the US and embrace it. Both externally and internally.


  2. "Good employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook

    I have been working at Société Générale full-time (More than 3 years)

    Pros

    Good culture and work life balance.

    Cons

    Internal mobility or evolution not always easy

  3. Helpful (1)

    "Lazy Culture, no growth opportunities"

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

    I have been working at Société Générale full-time (More than a year)

    Pros

    Good work life balance
    Lots of paid vacation

    Cons

    Bad Compensation
    Lazy Culture
    Not invested in Employees


  4. Helpful (2)

    "Finance Division"

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

    I worked at Société Générale full-time (More than 10 years)

    Pros

    Good benefits, decent salary and lots of exposure to all areas of the company.

    Cons

    Long hours, heavy workload in a high stress environment and toxic management with no regards for staff. Little chance for advancement if your not French.

    Advice to Management

    Value what your employees can do and do not blame them for your shortcomings in management.


  5. Helpful (1)

    "Depressing, stay away"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Tax Onboarding Operations in Jersey City, NJ
    Former Employee - Tax Onboarding Operations in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Société Générale full-time (Less than a year)

    Pros

    great benefits if you can endure the absolute misery

    Cons

    overlooked- management doesnt even know this team exists, the MD of group walks over and asks who my manager was. Generally, this seems to be the case where no one knows who is responsible for what.

    While the rest of the bank is french dominant, the team is as diverse as it gets, it seems like all of the departments EOE requirements were fulfilled here. Despite this, I've never dealt with any racist comments in banking until here.

    If you are coming in with the expectation to turn things around, dont be so naive. Instead, be prepared to listen to hours on end about the Kardashians and the horoscope of the day.

    Advice to Management

    You have a team that mocks you behind your back. Realize you wont retain and talent until changes are made.


  6. "Good Job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Chicago, IL
    Current Employee - Business Analyst in Chicago, IL
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Société Générale full-time (More than 3 years)

    Pros

    - Great 401K Match
    - 27 PTO days
    - HSA Available
    - Great Building Amneties
    - Great Location
    - Competitive Pay

    Cons

    - Company culture could be better
    - Hard to move up


  7. Helpful (1)

    "Typical large organization death spriral"

    StarStarStarStarStar
    • 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
    Negative Outlook
    Disapproves of CEO

    I have been working at Société Générale full-time (More than a year)

    Pros

    None. There really aren't any.

    Cons

    The simple truth is SG has been in bad shape for several years. They’ve repeatedly used mass layoffs to balance the books and don't have any problem using the livelihoods of their people in order to meet arbitrary projections for an arbitrary date. In so doing they’ve destroyed their culture and employees trust. They also suffer from a very inefficient organizational structure, wasteful spending, declining revenues and gross misallocation of resources. The company stock is down over 45% in the last 12 months and over 10% in 2019, and we’re not even through the first quarter. Let’s face it, companies come and go. It’s a simple part of the overall business cycle. Businesses are born, they age, and eventually die off. SG is in the dying off phase. I don’t think the bank will fail overall, but their presence in the US will be dramatically scaled back in the next year or two as they’ve already announced thousands of job cuts.

    Advice to Management

    Your expiration date is fast approaching

  8. "Systems Administrator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Administrator in Chicago, IL
    Current Employee - Systems Administrator in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Société Générale full-time (More than 3 years)

    Pros

    Lucky to work with best team and manager.l always back me up and help me learn alot.

    Cons

    Too much politics accross the region between Amer, Asia, EUR. Every years same story about the Bonus and Raise that company is not doing good.

    Advice to Management

    Atleast pay your employees close to market rate if you cannot match it, i don't think you would need to fire anyone people would start quitting.


  9. Helpful (3)

    "Low morale amoung non-french employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    No opinion of CEO

    I worked at Société Générale full-time (More than 3 years)

    Pros

    Laid back culture, casual dress policy.

    Cons

    Management often consists of French Nationals who are extensions of senior management in Paris but often lack market and product knowledge. Contributes to low morale.


  10. "Experience in listed derivative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Société Générale full-time (More than a year)

    Pros

    Women friendly company.flexible company .

    Cons

    Cabs are sometimes big issue