Standard Chartered Bank Reviews | Glassdoor

Standard Chartered Bank Reviews

Updated November 22, 2017
1,613 reviews

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  1. Helpful (1)

    "Finance"

    StarStarStarStarStar
    • 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
    No opinion of CEO

    I have been working at Standard Chartered Bank full-time

    Pros

    a> Relocation to Changi Biz Park and offers free shuttle buses to help with the commute

    Cons

    a> Extremely long hours and management does not allow long leaves unless if it's mandatory and they can't cancel it. However, be prepared that there will be no cover due to budget constrains and you will have to pick up all your work once you return from your leave
    b> High pressure at work due to incompetent systems and every requests and reports are performed manually (not come - but everything)
    c> 100% turnover in the team this year. Low morale and bad pay scale in comparison to the market.

    Advice to Management

    You should revisit your operating model because it is not sustainable. You hire extremely senior people who talks well but don't deliver. And you will cut down on people who are actually needed by the bank to deliver the actual work - or drive them out of the bank because of the long hours and lack of empathy. This is just unhealthy in every aspect. This is why there's a lot of reluctance from the general public to join this bank.


  2. "Assistant Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Manager in Dhaka (Bangladesh)
    Current Employee - Assistant Manager in Dhaka (Bangladesh)
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Best Technological Support. Friendly Work Environment. Standard Work Premises.

    Cons

    Lowest Compensation. Least Employee Benefit. Huge Work Pressure. No Festival Bonus, No Staff Home Loan

    Advice to Management

    Review Compensation. Increase Employee Benefit such as festival bonus, ensuring home loan facilities from Officer/ Assistant Manager's level.

  3. "Lack of direction from management"

    StarStarStarStarStar
    • 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
    Approves of CEO

    Pros

    Health benefits are attractive, good leave plan if you are allow

    Cons

    Plenty of leave only if you are able to take leave

    Advice to Management

    Walk the ground. Know what is going on


  4. "Management Trainee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Management Trainee in Singapore (Singapore)
    Current Employee - Management Trainee 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

    Salary for fresh grad considered above average.
    Table tennis, pool table and table soccer open 24 hrs for some staff to slack during office hours.

    Cons

    No budget to send staff for industry training.
    Neglected program.
    High turn over rate.
    Management teams hire as cheap labour.
    Full of politics and teams have no ownership over their portfolio.
    Unreasonable salary increment imposed on program graduates even they have completed the program.

    Advice to Management

    Consequence management must be enforced.
    Get serious about the program.
    Remove the glass ceilings.


  5. "Employment"

    StarStarStarStarStar
    Current Employee - Service Executive
    Current Employee - Service Executive

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

    Pros

    With the right manager the environment is very condusive for work

    Cons

    Your Manager has the overall say on your life at the work place

    Advice to Management

    Balance the management powers


  6. "High emphasis on cost cutting and not future building"

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

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

    Pros

    - With the high risk, there are always opportunities, but not everyone is lucky to sail above the storm
    - Competitive salary, might be because not many is looking to join SCB Hong Kong

    Cons

    - Laid off many long term, dedicated staff that has vast knowledge of how the bank needs to operate.
    - High possibility where operations of the bank is being affected
    - Low morale, no such thing as loyalty anymore, many staff looking at the sheer benefits

    Advice to Management

    - Focus on the bigger picture and what is required to build for the future, no point in drastically cost cutting and then realise the knowledge gap widens
    - Constant restructure may not be the best case scenario, especially if the previous restructure hasn't even settled


  7. "Senior Manager"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Singapore (Singapore)
    Current Employee - Anonymous Employee in Singapore (Singapore)

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

    Pros

    can have big budgets if you are in the right team.

    Cons

    lacks integrity if you are in the wrong team.

    Advice to Management

    integrity is an important value.

  8. "Relationship manager retail bank woes"

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

    Pros

    Good HIPS programme for medical, insurance benefits; shares vesting programme, comprehensive and rigourous training academy for wealth management joiners.

    Cons

    Top management are more interested in politics and power consolidation rather than walking the ground. Middle management are interested in impression management and keeping their jobs by squeezing ground people dry, sending them to daily late night calls or roadshows till 9pm and threaten to put them on PIP program unless you get clients to do risky high revenue points generating products. Disregard for industry best practices on wealth management concepts and just want to slaughter the golden goose for eggs. Extremely negative experience. Most (80%)resign due to long hours and moral hazard issues within 3 years.

    Advice to Management

    Wake up. Fees are commoditized and value comes from advisory, not giving financial incentives and trips to mis-sell or threaten others's rice bowl to drive revenue. Middle managers, shame on you to push your staff out of the bank and look like you are working when you are more than clueless on basic financial concepts and portfolio planning.


  9. "QA Engineer"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    No opinion of CEO

    Pros

    Good billing and salary for a contractor

    Cons

    culture is not encouraging, management, too many middle managers


  10. "Management does not live up to values, promises"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Singapore (Singapore)
    Current Employee - Associate 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

    International environment
    Great networking opportunities
    Better than average benefits (excluding pay)
    Known for strong presence in emerging markets (Middle east, Africa)

    Cons

    Management promised training, mentorship for graduate programme but fails to deliver.
    Good performance rating and promotion was recommended by manager who was made redundant yet new manager denied the arrangement.

    Advice to Management

    Restructuring turned out to be a game of musical chairs for higher management. Talents with valuable knowledge were lost due to politics. New management lacks necessary experience and skill set, fear of being ousted has led to blind followership.


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