Standard Chartered Bank Reviews | Glassdoor

Standard Chartered Bank Reviews

Updated June 25, 2017
94 reviews

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Standard Chartered Bank Group CEO Bill Winters
Bill Winters
21 Ratings

94 Employee Reviews

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Pros
Cons
  • work life balance can be a challenge for some business functions (in 61 reviews)

  • Long working hours, the bank has hired lots of inefficient staff both on the senior and working levels (in 44 reviews)

More Pros and Cons

  1. Helpful (1)

    "Poor Leadership"

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

    I worked at Standard Chartered Bank full-time (More than 5 years)

    Pros

    Company was good 5 years ago, but has since declined.

    Cons

    Poor leadership team in the Americas region; Toxic culture/environment/management; SCB does NOT promote talent, but rather promotes those individuals who feed into the leadership politics. If you do your job, you can expect to stay status quo. If you do your job REALLY well, you def will never leave your current role; the talk about Culture and Values is done because "they need to do it". There are no values with SCB.

    Advice to Management

    Remove the remaining leadership team, as those that haven't left on their own, know they wouldn't be able to find another similar role that puts up with their nonsense


  2. "SC BANK"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Reputation in the market.
    starbucks on the ground floor

    Cons

    Poor salaries/benefits.
    Work ethics hardly found.
    Horrible environment

    Advice to Management

    Take care of your employees. There is a reason that you have a skyrocketing turn-over ratio among the competitors.


  3. "Walking dead man"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Standard Chartered Bank (More than a year)

    Pros

    Nice people
    Nice art in the building

    Cons

    Overly complex
    Non-meritocratic
    Very little talent
    Incentives structure badly drafted
    Extremely short-terministic
    Technologically ancient

    Advice to Management

    Change the culture of your middle management and grow your own talent. Sacrifice short term goals to build a future...invest rather than grow on the cheap, reward your people


  4. "SCB"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in Beijing, Beijing (China)
    Current Employee - Associate Director in Beijing, Beijing (China)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Willing to pay for talents. Committed to the CHINA market.

    Cons

    Slow promotions. Slow decision making due to bureaucracy.

    Advice to Management

    Flatten out management structure. Shorten the corporate ladder


  5. "Senior Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in Chennai (India)
    Former Employee - Senior Manager in Chennai (India)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Nothing worth mentioning. Better reject interview calls

    Cons

    Worst culture, treats employees like door mats. If you are bootlicking your boss, you are bound to be promoted. Worthless company especially the BCM department. No vision and willingness to learn. Low pay grades.

    Advice to Management

    No point as they won't change.


  6. "Compliance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative in London, England (UK)
    Former Employee - Administrative in London, England (UK)
    Doesn't Recommend

    Pros

    There are none, oh hold on, yes great coffee shop!

    Cons

    BULLYING. I thought this had been ironed out in the workplace, obviously not after my experience at Standard Chartered. My face did not fit from day one and was Ignored by most in the team that I worked directly for. I would try and generate conversation but was basically ignored or had one word answers. I was also was shouted at across an open plan office on several occasions which not only degraded me in front of others I was totally humiliated, TOTALLY unprofessional. I went to the HR person but nothing was done and I all I wanted was a transfer elsewhere. WORST working experience of my life

    Advice to Management

    employ people that have man management skills and are approachable and allow you to do your job.


  7. "Take the money, ignore the politics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Standard Chartered Bank (More than a year)

    Pros

    Excellent salary.
    You will find good people amongst the politicians.

    Cons

    The most political company you will ever join.
    Culture of intimidation to get results.
    Do not view this place as a career.
    Lots of internal arguments and immaturity.
    Generally I see people stay for 1 or 2 years and then move on.
    Very old technology infrastructure and no CMDB or Hotlines. Pretty insane in such a large organisation.

    Advice to Management

    Bill Winters needs to continue to cut senior management as the politics at this bank creates a toxic enviornment fuelled by intimidation to lower staff.


  8. Helpful (1)

    "Worst place I have ever worked"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - EFX Support Team in London, England (UK)
    Former Contractor - EFX Support Team in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Standard Chartered Bank as a contractor (More than a year)

    Pros

    The money was very good, but there was very little else that I can say that is positive about this company.

    Cons

    The middle management do not have a clue on who to manage their staff. Within the eFX area there is a culture of bullying that's starts at the top of the management chain and permeates al the way down. There is also a large element of religious discrimination.

    Advice to Management

    Sack all your management and get your HR team to grow some balls so that they will stand up to the bullying management.


  9. Helpful (2)

    "Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Singapore (Singapore)
    Former Employee - Manager in Singapore (Singapore)
    Doesn't Recommend
    No opinion of CEO

    I worked at Standard Chartered Bank full-time

    Pros

    Better work-life balance and compensation is competitive

    Cons

    Extremely unprofessional work environment. May be it's just my team, but it leaves a really bitter taste. The Global Head of our department has no work other than gossiping. He has no educational qualification to be at his position, yet he is here

    Advice to Management

    Get rid of the unprofessional people who have been sitting around for years and bring in people with real credentials


  10. "best Bank , worst process - worst is an understatement."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Branch in Mumbai (India)
    Former Employee - Branch in Mumbai (India)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    I appreciate the culture and ethics of stanC but the higher management needs to seriously have a check on their lower management.

    Cons

    came in for an interview for a higher role and was given a role which was the least, told me it's the same role that I did in my previous organisation, when I found out with others got the learn that it's their standard process of filling empty gaps, backoffice and their process of account opening as well as other documentation process is the worst. bunch of nincumpoops sitting at their bangalore and chennai office which is of no use..

    Advice to Management

    be truthfull to your employees, train your BMs to have leadership skill rather than tossing employees like dirt. they never guided the right path.


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