Standard Chartered Bank Reviews | Glassdoor

Standard Chartered Bank Reviews

Updated August 13, 2017
521 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 45 reviews)

More Pros and Cons

  1. "international"

    StarStarStarStarStar
    Former Employee - Consultant in New York, NY
    Former Employee - Consultant in New York, NY

    Pros

    Great people from all over the WORLD
    everyone is polite

    Cons

    Place too small seating is crowded


  2. "Summer Intern"

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

    I worked at Standard Chartered Bank as an intern

    Pros

    The office is located at the heart of the city, and the dining hall was pretty good

    Cons

    Really really bad working condition. The A/C for the S&T area and we were all wearing suits....... wasn't really a positive experience

    Advice to Management

    The management needs to streamline its internship program, so that at least the manager knows that the interns eixst.

  3. Helpful (1)

    "Associate Director"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Standard Chartered Bank full-time

    Pros

    If you like Emerging Markets, this is the bank given it's history and focus in Asia, Africa and the Middle East.

    Cons

    New York feels like satellite office. Senior leadership and major decisions come from Singapore or London.

    Advice to Management

    Leadership in NY should have more daily interactions with employees to really get a sense of what is happening on the ground.


  4. "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Everyone takes great initiative and leadership in what they do, and become really good at solving problems innovatively. The products are very up to dated and flexible tailored greatly to clients' needs.

    Cons

    not enough formal training is provided, more on the job learning from peers.

    Advice to Management

    be more systematic and have a long-term view in terms of talent acquisition


  5. "Used to be better before the Bank got into a mess"

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

    I worked at Standard Chartered Bank full-time (More than 8 years)

    Pros

    Work life balance, good opportunities to get involved in interesting stuff, very multi cultural, good access to senior management, young and fun environment

    Cons

    Challenging environment for the Bank since 2012, pay below market, opportunities for promotion limited in certain areas such as client coverage

    Advice to Management

    Make a better effort on compensation if you want to retain your best employees


  6. "Finance Intern"

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

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

    Pros

    Good working experience, good pay, and good on resume.

    Cons

    Finance staffs didn't have respect, willing, and patience to teach or to help intern. Unbalanced life style due to long hours working inefficiently. Missing communication btw departments. Some staffs often pretended working overtime for showing off to upper management.

    Advice to Management

    Respect interns sincerely and have staffs work functionally, efficiently, effectively.


  7. "Project Assistant"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good salary,benefits.Excellent training

    Cons

    Power Held by colombo crowd,strong support base for christian fundamentalists

    Advice to Management

    Treat people equally

  8. "it's a ok company"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Incentive is good, but need to work for long hours

    Cons

    management style is not so good


  9. Helpful (1)

    "Go in with your eyes open"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    No opinion of CEO

    I worked at Standard Chartered Bank full-time (More than 10 years)

    Pros

    I was paid fairly, bonuses were fair, decent opportunities for learning and growth. I had really good work-life balance, although some colleagues did not. I was allowed and expected to control my own balance. As long as the work got done, I had a great deal of freedom. That was nice. Standard Chartered is in a lot of very interesting and challenging markets. It was never boring.

    Cons

    Execution is a challenge. Systems are antiquated and generally updated in a hodge-podge manner. Standard Chartered Bank acutally operates as a federation of local banks and that needs to change desperately. "The right hand does not know what the left hand is doing." Way too many layers of management - though I think that is starting to change finally.

    Advice to Management

    Become one bank in more than just voice. Really become one bank - break down and destroy the country silos - it is possible. Standard Chartered is top-heavy with sales associates/managers. There aren't enough support people to cater to all the amazing effort from the sales staff, resulting in delayed on-boardings, issue resolution, and overall customer support. That chases customers away and hammers customer service ratings. Invest in infrastructure for a while - not the sales function.


  10. "Excellent culture"

    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
    Neutral Outlook
    No opinion of CEO

    I have been working at Standard Chartered Bank full-time (More than 8 years)

    Pros

    Excellent culture and flexible working environment.

    Cons

    Work / life progressively harder to balance


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