Standard Chartered Bank Reviews in Singapore | Glassdoor

Standard Chartered Bank Singapore Reviews

Updated June 19, 2017
270 reviews

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Singapore

3.4
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Standard Chartered Bank Group CEO Bill Winters
Bill Winters
42 Ratings

270 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. "Work Life Balance"

    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)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Work life balance improving. Plenty of opportunities internally. Was able to be part of a great time in Singapore.

    Cons

    Number of processes to get things done. Working with London/NY counterparts will creep into overtime (unavoidable).

    Advice to Management

    Too many independent blocks of processes by team given the size of the organisation. Organisation changes occur every 3-6 months. Lack of stability which means you spend more time on adapting to change.


  2. "Great culture and environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in Singapore (Singapore)
    Current Employee - Senior Manager in Singapore (Singapore)
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great culture and people. Nice environment, helpful people and opportunity to learn and grow. Huge bank with many opportunities to learn and develop.

    Cons

    Can be stressful with high targets and fast paced environment. Very dynamic working culture and environment and one has to be very adaptable.

  3. "Management Trainee"

    Star Star Star Star Star
    • 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
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Sounds prestigious. Very hard interview process with high attrition rate. An achievement if you can get in.

    Cons

    Bad career path. No mentor as promised. Unlike other banks where incumbent is AVP upon program completion, a management trainee program graduate in SCB starts with lowest rank.

    Advice to Management

    Scrap the program. The managers are using it to hire cheap workers.


  4. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director Digital Sales in Singapore (Singapore)
    Current Employee - Director Digital Sales in Singapore (Singapore)
    Recommends
    Positive Outlook

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

    Pros

    Can move within teams easily
    Great opportunities to learn

    Cons

    Too many structure changes in quick succession


  5. "Lots of money, average working experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Developer in Singapore (Singapore)
    Former Employee - Senior Developer in Singapore (Singapore)
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great remuneration, guaranteed bonus, superb mortgage conditions for employees

    Cons

    Poor IT infrastructure, HR doesn't care about employees


  6. "Choose your team carefully!"

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

    Pros

    Good compensation, benefits, work life balance. Flexibility to work from home.

    Cons

    Messy bank!
    Imbalance nationality ratio - some teams discovered ways to circumvent HR policies and fill the team with one particular foreign nationality. Making it socially unwelcoming to others who eventually leave and gets the blame. Reason to HR for hiring more of their own people.
    Limited progression for those who stay on unless they manage to break into the inner circle.

    Advice to Management

    Human resource is too passive! There are also too many senior managers powerful enough to create their own mini empire. Do rid these weed!


  7. "Nice Organization"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Singapore (Singapore)
    Current Employee - Project Manager in Singapore (Singapore)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Flexi working, better work life management

    Cons

    Very legacy processes, too much hierarchy

  8. "Executive Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tech Senior Manager in Singapore (Singapore)
    Current Employee - Tech Senior 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 5 years)

    Pros

    Opportunity to drive change and make improvements in all directions. Some good people, but indecisive leadership who constantly re-org to dodge the tough calls.

    Cons

    Desperately needs to make significant staffing changes. Nepotism is everywhere, with no one driving an overdue correction through demonstrated terminations.

    Advice to Management

    Culture in Chennai is toxic and killing the bank


  9. "Don't join unless you are in your 40's"

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

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

    Pros

    25 Days Annual leave. The leave benefits are wow. Senior managements goes on holiday every month. The 20 weeks long maternity leave is unheard of in Singapore as well. But don't be fooled by these.

    If you are well into your late 30's or 40's with family commitments and looking for work-life balance, this place will be perfect for you.

    Cons

    Redundant middle-senior executives. Very obsolete IT system (you wouldn't believe it). I know of a guy who didn't receive his work laptop for close to a month and he quitted because there's nothing he could do at work. For design and IT professionals, if you are driven and young and ambitious, don't come here. You won't learn much.

    Management don't appreciate development teams. They have been around for ages and does not contribute much to innovation. Innovation and user experience becomes lip service, buzzwords. Hire the right talents from other fields and not legacies from other banks.

    Advice to Management

    Look for the right talents. Get rid of redundant mid-senior managers. Bring in new senior people from other fields who have something innovative to contribute. If it's a technical role - employ a technical veteran, and not promote a long-service employee to that role. Nobody is going to stay long to be lead by these people.

    Be truly agile. Not just lip service.


  10. "Good pay, poor IT"

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

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

    Pros

    Above market compensation
    Depending on location relatively easy-going culture

    Cons

    Poor technology, even compared to other banks
    Very bureaucratic, slow processes
    Lack of communication between teams

    Advice to Management

    Don't just talk the talk, make change happen, modernize IT landscape, bring teams together, other banks are way more advanced already


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