Sumitomo Mitsui Financial Group Reviews | Glassdoor

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Sumitomo Mitsui Financial Group Reviews

Updated January 9, 2018
68 reviews

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3.0
StarStarStarStarStar
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Recommend to a friend
Approve of CEO
Sumitomo Mitsui Financial Group President & CEO Takeshi Kunibe
Takeshi Kunibe
9 Ratings

68 Employee Reviews

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Pros
  • Work life balance (this depends on position) Stable environment (in 36 reviews)

  • People are generally nice, willing to train you, benefits are not bad (in 4 reviews)

Cons
More Pros and Cons

  1. "depends on where you belong"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

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

    Pros

    fast-paced, good amount of work, good benefit

    Cons

    really depends on which department you belong to. some departments are very old fashioned.


  2. "Operations Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Sumitomo Mitsui Financial Group full-time (Less than a year)

    Pros

    Good work life balance, Cheap Insurance, Good benefits, Good colleagues to work with, Job security,

    Cons

    No growth, Lack of initiatives, Old school banking

    Advice to Management

    Try to retain talent and give them a chance to grow fast

  3. "Analyst"

    StarStarStarStarStar
    • 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

    I have been working at Sumitomo Mitsui Financial Group full-time

    Pros

    -diversity and good culture
    -good hours

    Cons

    -low pay compared to market
    -credit process is inefficient and outdated


  4. "Associate - Corporate Banking"

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

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

    Pros

    - Positive, team oriented work environment
    - Great introduction to the inner workings of a large, global financial institution
    - Investing / growing in the Americas, lots of opportunities for career growth, although promotion path can be slow
    - Solid benefits, including cash balance pension

    Cons

    - Can be bureaucratic
    - Credit process filled with unnecessary processes / procedures.
    - Lack of accountability among certain staff / departments which can make things difficult to get done.

    Advice to Management

    - Reduce bureaucracy and streamline unnecessary processes / procedures. There is too much wasted time doing menial, non-value added tasks


  5. Helpful (2)

    "Loan Admin"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Administrator in Jersey City, NJ
    Former Employee - Loan Administrator in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Sumitomo Mitsui Financial Group full-time (More than 8 years)

    Pros

    Friendly enviornment and good work life balance

    Cons

    Very difficult to advance in the department

    Advice to Management

    Do not make it so difficult to achieve a promotion


  6. "marketing analytics"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Sumitomo Mitsui Financial Group full-time

    Pros

    provide good work life balance

    Cons

    salary is not good enough


  7. "Not bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Sumitomo Mitsui Financial Group as an intern

    Pros

    Friendly colleagues
    Interesting work (depending on department)
    Decent hours

    Cons

    Generally disorganized internship program
    Lack of training

    Advice to Management

    Utilize your interns more

  8. Helpful (2)

    "Good people, much lower pay than market"

    StarStarStarStarStar
    • 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
    No opinion of CEO

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

    Pros

    Work Life Balance
    Co-Workers are friendly

    Cons

    Employees are paid below market
    Overly bureaucratic

    Advice to Management

    Pay employees in line with market


  9. Helpful (3)

    "At one point in time, it was a great training ground"

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

    I worked at Sumitomo Mitsui Financial Group full-time

    Pros

    Because the company was very manual at the time, a lot of hands-on work needed to be done. Employees were exposed to more responsibilities than in other companies. If you are not a revenue employee, growth within your area is hard to come by. Salary was OK, but bonuses were higher than industry standard for back-office positions

    Cons

    No work-life balance. Very old-school Japanese work ethic. Very few company events, however, the ones that do exist are very well put-together.


  10. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    People are generally nice, willing to train you, benefits are not bad

    Cons

    Very structural - not much room for growth/ growth is really slow,

    Advice to Management

    Better team management


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