Sumitomo Trust and Banking Reviews | Glassdoor

Sumitomo Trust and Banking Reviews

7 reviews

Filter

Filter


2.5
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
Sumitomo Trust and Banking President, CEO, and Director Hitoshi Tsunekage
Hitoshi Tsunekage
2 Ratings

Employee Reviews

Sort: Popular Rating Date

  1. "Loan Operation Specialist"

    Star Star Star Star Star
    Current Employee - Loan Administrator in Astoria, NY
    Current Employee - Loan Administrator in Astoria, NY

    I have been working at Sumitomo Trust and Banking (More than a year)

    Pros

    A lot of manual work, which actually helps you to better understand the job and avoid any mistakes at all

    Cons

    Low salary for a city like New York


  2. Helpful (1)

    "No room for growth"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Sumitomo Trust and Banking full-time

    Pros

    Great exposure and experience. If you're lazy this is a great place for you to work.

    Cons

    Not for ambitious individuals.
    If you show superior capabilities, you are taken advantage of and will get well below market salary for your work and knowledge.

    Advice to Management

    This is USA, treat your employees as such and pay them what they deserve to be paid.

  3. "Not on the list of best places to start a career..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst in New York, NY
    Former Employee - Credit Analyst in New York, NY
    No opinion of CEO

    I worked at Sumitomo Trust and Banking full-time (More than 3 years)

    Pros

    If you're a fast learner, you can get really good experience. Some very smart people here.

    Cons

    No training or mentoring, so you're on your own here. Performance and compensation seem to be very loosely linked.

    Advice to Management

    Don't just say you value your people...


  4. "Great people but too much red tape"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Approves of CEO

    Pros

    coworkers were great with sharing information and bonding
    if needed help, could approach anyone up to the VP for assistance

    Cons

    senior management wasn't good at communication
    choices were made by people in Tokyo who didn't know the product or the industry

    Advice to Management

    communication needs to be improved. everyone already knows how the system works and how hard it is to get things done, so there isn't a motive to do better


  5. Helpful (1)

    "Extremely process oriented"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hoboken, NJ
    Current Employee - Anonymous Employee in Hoboken, NJ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good Benefits, compensation at or above the market and convenient location. The company is profitable which can be reflected in year end bonuses.

    Cons

    Bureaucratic mindset trumps all including common sense. God help you if you make an error. Not a good place to work if you seek advancement based on performance.

    Advice to Management

    Management should realize that their processes, procedures and systems need to be updated to reflect the 21st century and not the 1980's.


  6. "ok"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officier
    Current Employee - Officier
    No opinion of CEO

    Pros

    good medical benefits , vacation carryover policy

    Cons

    difficult to move up the company ladder

    Advice to Management

    requires better assesment of performance reviews


  7. Helpful (1)

    "Weird Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst
    Former Employee - Analyst
    Doesn't Recommend
    No opinion of CEO

    Pros

    Benefits were pretty good and they were flexible on taking time off. They also are conveniently located in the city.

    Cons

    It was very hard to move up. They are not willing to give promotions unless you are there for too many years.

    Advice to Management

    I would advise them to encourage promotions based on hard work and not based on number of years in the firm.