Sumitomo Mitsui Banking Corp Reviews | Glassdoor

Sumitomo Mitsui Banking Corp Reviews

Updated April 27, 2017
18 reviews

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2.5
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18 Employee Reviews

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  1. "Work Environment"

    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
    Neutral Outlook

    I have been working at Sumitomo Mitsui Banking Corp (More than a year)

    Pros

    - Localization is gradually gaining traction

    - Management/staff are friendly

    - Hours are flexible

    Cons

    - Opaque

    - Limited delegation of authority

    - Slow decision making

    Advice to Management

    No work environment is completely transparent but critical information should be shared earlier with the local staff. Additionally, although localization is gaining traction, local management should be provided with more authority. Otherwise, promotions add limited value as they are purely symbolic.


  2. "terrible HR"

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

    I worked at Sumitomo Mitsui Banking Corp (More than 8 years)

    Pros

    Just obey your manager ( especially, Japanese expatriates) to secure your position and get promotion and wage increase.

    Cons

    HR is “Yes man” for the expiates. Never help to the local staff at all.
    Low salary and bonus than average.
    No career advancement.
    You have to pay for Christmas party.
    They use old equipment have trouble all the time.
    The Japanese expatriate look down the local staff.
    Very dirty office including lunch rooms and bathroom.

    Advice to Management

    Learn more important stuff than bank rules and self-promotion.


  3. Helpful (1)

    "Product innovation needs to be faster"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Sumitomo Mitsui Banking Corp full-time (Less than a year)

    Pros

    Steady growth - good work life balance

    Cons

    Product innovation needs to be faster.


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  5. Helpful (5)

    "Stay away from Sumitomo Mitsui Banking Corporation and SMBC"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Senior Business Leader in New York, NY
    Current Employee - Vice President Senior Business Leader in New York, NY
    Doesn't Recommend
    Negative Outlook

    Pros

    It's on Park Avenue, the only positive to this bank.

    Cons

    If you are not of Japanese heritage, your career path is dead. A lot of red tape all around, by the time everyone agrees on the current policies, it's time to change it again. You have to work there for over 5 years before you are promoted or if you kisses up to the CCO. No one wants to work for a person who has a spreadsheet documenting every time you get up to go to the bathroom or to get a drink of water. How can the CCO condone this? All of your phone calls are recorded and your emails are monitored --it's similar to being a the book "1984". Rainmakers do not stay, they will leave for a better bank and those who have left have done quite well in terms of titles and salaries.


  6. Helpful (1)

    "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook

    I have been working at Sumitomo Mitsui Banking Corp full-time (More than 3 years)

    Pros

    Opportunity to build up new departments, new products, new solutions. We are growing quickly in the Americas so it is an exciting time to join. You will learn a lot. You will be challenged in new ways. It has a close-knit, entrepreneurial culture. Hard-working, smart people. Slackers are disciplined.

    Cons

    Base salaries are not as good in comparison to U.S. banks. At times, it is very hard to get new initiatives off the ground because of red-tape and archaic processes (the deep rooted, risk-adverse culture of the Japanese).

    Advice to Management

    Don't lead by fear, lead by inspiration to motivate talent. Be more transparent, get to know your staff better.


  7. Helpful (9)

    "Horrible company to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook

    I have been working at Sumitomo Mitsui Banking Corp full-time (More than a year)

    Pros

    It looks "decent" on the resume

    Cons

    So antiquated. They dont care about their employees. HR told me I needed to buy my own calculator for work. We pay for our own christmas party...this is all when the bank is doing well. The Japanese expats look down on everyone. Promotion hardly ever happens. Their pay on All levels is way below the labor market for the industry.


  8. "Good, stable workplace"

    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

    Pros

    I love working with my current group. When you like the people at your work, it makes your job so much easier. Pros: decent work hours, good team members, opportunities for growth for someone starting out of college.

    Cons

    Sometimes the Japanese culture can be a little different from American. The whole concept of "face time" that comes from Japan can be frustrating. Hierarchy with higher up management.


  9. Helpful (1)

    "Worst Company to work with"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - QA Analyst
    Former Employee - QA Analyst
    Doesn't Recommend
    Negative Outlook

    Pros

    nothing nothing nothing and nothing

    Cons

    Very dominating management
    Strict supervision
    No work culture
    feedback is not considered positively

    Advice to Management

    grow up


  10. Helpful (3)

    "Salary is ok but basically no career path for non-Japanese employee"

    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

    I worked at Sumitomo Mitsui Banking Corp full-time

    Pros

    balanced life, stable salary, friendly environment

    Cons

    no career path, hierarchy, traditional Japanese corporate culture


  11. Helpful (7)

    "HR"

    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

    I have been working at Sumitomo Mitsui Banking Corp (Less than a year)

    Pros

    NO pros did not like anything

    Cons

    bad environment not pleasant people


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