Standard Chartered Bank Reviews | Glassdoor

Standard Chartered Bank Reviews

Updated February 21, 2017
1,306 reviews

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1,306 Employee Reviews

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Pros
Cons
  • work life balance can be a challenge for some business functions (in 54 reviews)

  • Very long working hours (on email from 6am to 10pm, in office from 7 (in 43 reviews)

More Pros and Cons

  1. "Very competitive and demanding"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Relationship Manager in Karāchi (Pakistan)
    Former Employee - Relationship Manager in Karāchi (Pakistan)

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

    Pros

    Foreign exposure, latest knowledge, high brand value in market and large operations making it easier to move internally.

    Cons

    Volatile working conditions, insincere bosses and rewards based on perception management rather actual performance

    Advice to Management

    Q12 needs to be taken seriously and if someone is not rated well he/she needs to be reviewed in detail.


  2. Helpful (1)

    "RETAIL BANKING IS A HORRIBLE PLACE"

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

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

    Pros

    staff benefit is not fantastic but ok.

    Cons

    bad operation
    unreasonable target
    managment always come first and unreceptive to feedback from lower level
    does not respect lower level staff
    no proper segregation of duties between departments.

    seriously does not encourage anyone to come here, esp fresh graduate who would like to consider a career in banking sales this place is a definite no no.

    Advice to Management

    have to start treating staff fairly


  3. Helpful (2)

    "What you do will be really different from what's written on their website and during recruiting."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fast Track Graduate in Taipei (Taiwan)
    Current Employee - Fast Track Graduate in Taipei (Taiwan)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good employment benefits (15 days annual leave at least, vacation expense complementary)
    No check-in and check-out, which is very different from the traditional local way.

    Cons

    The programme basically offers little on-job training and involves lots of time when you have to force sell people products. You will be doing what a salespeople do and that's the only thing you will be doing in this programme as well.

    Also, there's a lack of team spirit among colleagues; this could be due to the fact that most of the colleagues you will be working with are sales people in a branch who receive constant pressure from the branch manager and working in a team wouldn't help them in expanding their business so they are not encouraged to cooperate with one another, but rather work alone.

    Advice to Management

    Matrix management style can cause a lot of conflicts and troubles.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "“Broken promises, increasingly insanely bureaucratic, grade discriminatory, low paying, crazy hours”"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Karāchi (Pakistan)
    Current Employee - Anonymous Employee in Karāchi (Pakistan)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Supposed opportunities to go abroad - but these are very rare and never sponsored or supported or promoted by your local managers..

    Cons

    Cons – Work life balance at Standard Chartered does not exist. thanks to the quality of managerial staff they've hired and the training they impart to them (cause they won't train you)... your manger will think he has hired you as a personal slave on call 24/7/365 (i kid you not) ... and that you work for him and not the organization. Forget fair compensation. they will sell you statements to the effect of how 'competitive' (read: low) their salary structure is - of how the 'bonus' structure puts you ahead of everyone else... empty hot air. thats all. at 'review' time - which btw you will not have because the management does not have the guts to do this face to face - and in any case your rating is already decided weeks in advance and there is very little you can argue to impact it... so you merely get handed a paper that says what you've been 'rated' and what your 'compensation' is - and a speech about how 'difficult' things are etc and that what you've been given is better than anyone else... even though the 'bank made a killing in the market and is the most profitable out there'...

    career progression - they still follow the 'bell curve' methodology to rate 'talent' (its easiest and they've kinda grown adept at it of late) - not that you will know what you've been profiled - where you can improve - what is expected of you. but there are forms somewhere to these effect that someone is filling out about you. rest assured. they do follow processes on paper. but your ranking/status/profile will never be shared with you - nor will you have a clue of what/how you're doing - until the review - and not even then...

    personal growth/upskilling/ trainings. on paper only. its all up to you when you find the time and opportunity for these on your own for your own.

    HR at Standard Chartered suxs. it does not exist to assists, guide, *gawd forbid* mentor, inform, defend, enforce employee supportive policies of any sort - it is merely a tool to recruit fodder for the grinder, and ensure paper filling exercises with fancy names are completed, mostly post dated - just to complete the process. you will not have an HR relationship manager that you will have ever met. and if you have nothing will ever have come out of it in your favor.

    benefits. these don't exist beyond the statutory requirements of 'medical' and 'housing' - which as statutorily defined are a third of your paltry basic pay - because they are a 'reward' structured organization - with competitive salary structures.. but this rule is not uniformly applied for there are numerous examples to the contrary - entirely composed of fresh hires... not all of whom are fortunate enough to get this exemption...

    Advice to Management

    Hire competent human beings and not mere yes men or favorites/relatives for management positions. Grow the organization internally. your staff are human beings - just like you - and would like to be treated to the same courtesies, policies, and fairness as you. Work can hold for the next day - the world will not come to an end. Compensate everyone for work done if at par is challenging for you - how do you justify exorbitant salaries for certain individuals at the same job grade and not for others? why do new hires get paid over the top - you have such little faith in your internal organization / why is there no succession planning *grooming* internally!?


  6. "review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Standard Chartered Bank full-time

    Pros

    good work env at the bank

    Cons

    there are no cons there


  7. Helpful (3)

    "Worst company I've worked for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good pay
    Nice art throughout the London office

    Cons

    Everything is outsourced to India (e.g. IT, HR, Payroll) so be prepared for some of the most frustrating conversations of your life! You have been warned.
    Predominantly Asian in approach/culture - it is a British bank in name ONLY
    Sprwaling organisation that has too large a global footprint to know what they are doing
    Very high turnover in relation to new joiners

    Advice to Management

    You know what the issues are so why not fix them..?


  8. "Assistant manager"

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

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

    Pros

    - structured training
    - do not need to deal with other side issues

    Cons

    - too aggressive
    - too less welfare
    - too low salary

    Advice to Management

    aim in high performance should give rational payoff!


  9. Helpful (3)

    "A wanna-be bank"

    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
    Negative Outlook
    Disapproves of CEO

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

    Pros

    fairly good pay and thats about it.

    Cons

    This wanna-be bank has to attract talent by paying a notch above the others. Whilst its Wholesale bank was bearable until 2010 (Citibankers invasion), its Consumer bank (CB) is an oligarchy run by a handful of larger-than-life indians who protect each others back and show returns at all costs to a geriatric board sitting in the UK. Beware to all, this a venus fly-trap. You are welcome as long as you walk the party line and lick the boots of the indian boys club that run the show. It grew exponentially from 2007 onwards hiring: an army of local singaporean cheap labour to change different colour light-bulbs, a number of highly paid Aussies and undesirable leftovers (with a gift of the gab) from other banks. for senior staff, Ooce you fall for its salaries it is difficult to get out of the trap. I cannot total the number of headhunters who told me that I was lucky to get out after 3 years, otherwise I would be branded SCB - "Here of Foot" and no serious bank would consider me thereafter. Like Incredible India - inside it is everyday a working miracle.

    Advice to Management

    Time to change your possey of indian oligarches. Chiding them and shifting them around from Dubai to Singapore, Singapore to Taiwan and the then to Seoul does not change the poor culture of the bank. need to chop it right at the top.


  10. "my first job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Relationship Manager in Hyderabad (India)
    Current Employee - Senior Relationship Manager in Hyderabad (India)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Standard Chartered Bank full-time (More than 10 years)

    Pros

    was satisfied employee 4 years before after management has changed things have become worse

    Cons

    does not consider loyal employees, they take new employees with higher salaries


  11. Helpful (2)

    "Manager"

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

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

    Pros

    Benefits are reasonable. There is no outstanding pros to mention.

    Cons

    Office politics are terrible. Very low integrity. Inefficient in producing value added work. Very judgemental peers, resulting to low morale.

    Advice to Management

    Very unfortunate it is not up to a foreign bank standard.



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