Standard Chartered Bank Reviews | Glassdoor

Standard Chartered Bank Reviews

Updated May 27, 2017
1,426 reviews

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Full-time Part-time

1,426 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)

    "overall nice place to work but too many things need substantial improvement"

    Star Star Star Star Star
    • 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
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    This place offers an opportunity to achieve fair work-life balance. You will likely find people to be nicer than in other shops. They place a strong emphasis on their values and culture.

    Cons

    It is quite a bureaucratic environment. It doesn't offer ample career or growth opportunities. Pretty conservative place as well.

    Advice to Management

    we need to clean up our own backyard: to review our policies and philosophy, to be willing to change our mindset and behavior where necessary, to better listen to our own people.


  2. Helpful (2)

    "Can Learn A Lot But Highly Political"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Unit Executive in New York, NY
    Former Employee - Business Unit Executive in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Broad international presence
    Opportunities to live and work abroad
    Very interesting Emerging Markets business
    You can learn a lot
    Great franchise in many interesting markets

    Cons

    Extremely political environment
    Skill level and work product actually counts for very little
    EXTREMELY bureaucratic, smallest decisions driven by overseas HQ
    Even high level execs in US really don't have much power
    Environment discourages speaking up/encourages sycophants
    Massive churn
    "Run scared" culture
    Lack of transparency/honesty by senior management

    Advice to Management

    Devolve power
    Trust the skills and experience of the people you've hired
    Shake up senior management


  3. "Best place to work! Great Benefits, great pay, and great "Work Family""

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Team Leader in New York, NY
    Former Employee - Team Leader in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    This is the best place to work. The pay and benefits are great! Your knowledge will grow, as you will be tasked with many projects. Most of all the people are great, very diversified! I miss my "work family".

    Cons

    None really. If you don't like New York city life then this is not the place for you. HQ is in the middle of Times Square.


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  5. "Vice President"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great place to work and do good work if you want to do really like banking, great opportunities to do great business

    Cons

    bad work life balance, managers dont care about you, difficult to survive office politics, time off policies are bad


  6. "Great place to work at. The bank values employees and encourage development"

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

    I have been working at Standard Chartered Bank full-time (More than 3 years)

    Pros

    SCB is focused on emerging markets while maintaining a slight aversion for risk. That configuration led the bank to do extremely well during recent financial crisis.

    Cons

    Too many processes in place. takes a long time to make decisions.


  7. "Bank undergoing change"

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

    I have been working at Standard Chartered Bank full-time (More than 3 years)

    Pros

    In past, bank valued employees with good banking skills. This has changed. There is an increasing rush to replace employees with others who have experience in businesses the bank does not have the competency to support.

    Cons

    Bank is undergoing a lot of change. Power base is centered in Asia and tends to be ignorant of market dynamics in US.


  8. "Good brand to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in San Francisco, CA
    Current Employee - Manager in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Aggressive
    Fast
    Multi Culture
    Learning new Tech
    Always busy

    Cons

    Worklife balance not good in SCB


  9. "Political - lack of transparency"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Miami, FL
    Former Employee - Director in Miami, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Global, good benefits, generally collaborative

    Cons

    Disorganized, political, lack of transparency, unfocused

    Advice to Management

    Be honest and transparent to candidates.


  10. Helpful (1)

    "Good bank with some issues"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Newark, NJ
    Current Employee - Associate in Newark, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Standard Chartered Bank full-time (More than 3 years)

    Pros

    Global Bank
    Potential Career development across locations
    Market Rate salaries
    Well-known/Exposure

    Cons

    Seems unprofessional in some locations
    Level of experience among employees varies greatly between Front office and Back office
    Almost impossible to get a raise or a good bonus unless employee decides to move to another department/position
    Majority of systems are outdated

    Advice to Management

    Invest money into new technology, human capital, and to keep current staff from leaving


  11. "In the boondocks in Manhattan - NY outpost of Asian focused London based bank"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Decent pay; nice office space

    Cons

    Anachronistic culture; too bureaucratic and Asian focused

    Advice to Management

    Welcome to the 21st century


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