Standard Chartered Bank Reviews | Glassdoor

Standard Chartered Bank Reviews

Updated February 22, 2017
1,310 reviews

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Full-time Part-time

1,310 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. "Massive changes with little thoughts and clear direction"

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

    Pros

    Had the opportunity to experience the HFG days where the values were lived. Above avg health coverage. Above avg salary.

    Cons

    Slow promotion
    Massive changes and restructuring
    No idea what the top is thinking

    Advice to Management

    We are more than numbers in the organisation. We used to stand for something. We used to be HFLR, HFP, HFG.

    Are we still living that?


  2. Helpful (3)

    "Terrible management.... Political infighting..... Too many political camps"

    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
    Negative Outlook
    Disapproves of CEO

    Pros

    Never been a good bank in the last 10 years because shareholders too fragmented, senior mgmt kept changing, ousted by different camp every few years.

    Cons

    Highly paid ex Citibankers, Europeans and Indians replaced Singaporeans, old timers in the Bank, people who built the bank up in the past. The newcomers brought along people from their same background not by merits, but to shore up political connections.

    People who do work on the ground are not rewarded, while people who focused on managing their bosses get promoted. In the end, the good people left. Nobody is left to work. The bank is filled with highly paid sycophants.

    Advice to Management

    The Board should fire Peter Sands. The ex Citibank, European and Indian camps should be broken up, majority should be fired. The largest shareholder should put more Singaporean talents on senior positions.


  3. "Front line sales profiles in India - Exploitation"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Manager - Origination SME Liabilities in Pune (India)
    Former Employee - Assistant Manager - Origination SME Liabilities in Pune (India)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The marathon that you get to run for

    Cons

    This was my first sales job and happened to be my first job too.
    We were given no practical on the job training whatsoever.
    The front line sales force face a similar plight across India. You will be thrown out on the streets to fetch your targets.
    And even if one is putting in hard work and not achieving his /her target he or she will be shouted at and humiliated in front of other team members.
    Management does not believe in giving feed back in person or private but in front of a many people as possible.
    The is absolutely no amount of motivation that the sales force gets from the management.

    I left on a bad note dissatisfied and unhappy.

    Advice to Management

    Please take interest in your front line sales in India
    Please consider giving them a good hand holding off things
    Please adopt measures to motivate them from time to time (Front line sales force)


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  5. Helpful (1)

    "Says one thing does another"

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

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

    Pros

    Its a holiday camp, do the bare minimum and you still get paid

    Cons

    No career progression, no pay rises and lower than market rate, lacks management

    Advice to Management

    Start taking the code of conduct seriously - its not just a ticking the box exercise. You wonder why you are making losses start reviewing the rationale for business trips, expense claims and also vendor invoices.


  6. Helpful (2)

    "Avoid Group jobs. rest of the areas of the bank seem ok"

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

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

    Pros

    The Bank itself is good

    Cons

    Appalling work life balance, too much of a "lean team", lack of training and lack of staff to complete the work. unmanageable expectation and overall poor culture in the Group division

    Advice to Management

    Do not lie to incoming staff and set realistic examples/behaviour.


  7. Helpful (3)

    "Bank Full of Clowns"

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

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

    Pros

    Average employee here is sub-par and definitely not up to snuff compared to bulge bracket bankers, which means you can work at 30% capacity if you are well trained.

    Cons

    Senior managers do not keep their word or care about their team. Mid-level managers too scared to speak up for their juniors. Juniors left to die. Incompetent managers keep hiring and promoting incompetent junior bankers and let them run the show. Well trained bankers forced to pick up slack from said clown bankers. Rampant favoritism. Bank from hell. Avoid at all costs. Not a place to have a career, unless you don't have any self-respect.

    Advice to Management

    Stop asking about how low morale is and do something about it already. Treat your employees properly and stop nickel and diming them. Hire smart people, not idiots. Hire real bankers.


  8. "Ttt"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Treasury Specialist in Singapore (Singapore)
    Current Employee - Treasury Specialist in Singapore (Singapore)
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Very welfare. Loads of leave. Loads of benefits for married staff and with kids

    Cons

    Loads of uncertainty and system incompatibility. Everyone shirks responsibilities for fear of getting errors

    Advice to Management

    More stability and empowerment


  9. "Relationship manager"

    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
    Neutral Outlook

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

    Pros

    Great colleagues to work with

    Cons

    Crap process and vague policies


  10. Helpful (1)

    "Worst infrastructure"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Analyst
    Current Employee - Credit Analyst
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Keep exiting clients to avoid regulations, fewer clients mean less workload

    Cons

    Messy internal policies and systems. Do not consider the Wider impact when executing policy.

    Advice to Management

    Pay to improve infrastructure...instead of just hiring star management/ seniors. The problem is at the root...


  11. "Top heavy"

    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
    Neutral Outlook
    No opinion of CEO

    I have been working at Standard Chartered Bank full-time

    Pros

    exposure to emerging markets

    Cons

    too many expansive seniors, too many management layers

    Advice to Management

    cut the fat !!!



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