Standard Chartered Bank

  www.standardchartered.com
  www.standardchartered.com

Standard Chartered Bank Reviews

Updated 25 November, 2014
Updated 25 November, 2014
651 Reviews
3.5
651 Reviews
Rating Trends

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Standard Chartered Bank Group CEO Peter Sands
Peter Sands
278 Ratings

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 67 reviews)

  • Work life balance as they have flexi hour with good working environment (in 44 reviews)


Cons
  • Work can get a bit hectic, sometimes difficult to maintain a work-life balance (in 23 reviews)

  • long working hours, low pay, no recognition at work unless youre an indian (in 15 reviews)

More Highlights

197 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    work life banace

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Standard Chartered Bank full-time

    Pros

    Career growth is based on performance which is amazing for hard working individual

    Cons

    Salary is not very satisfactory

    Recommends
  2.  

    Product Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Product Manager in Shanghai, Shanghai (China)
    Current Employee - Product Manager in Shanghai, Shanghai (China)

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

    Pros

    Work life balance, easy job, good pay and good benefit. A lots of trainings program and internal transfers opportunity.

    Cons

    Top down management where the failure to make the strategy change. Much more is known about planning than doing, about strategy making than making strategy work. Senior management oftenly handled poorly and slow execution. Work for your network and relationship is how they value your performance hence your hardwork is not priority. Good people left and wrong people in.

    Advice to ManagementAdvice

    Keep your best people and execution is the key to success. Clear goals for everyone in the company, that are supportive of the overall strategy; keep track the progress toward those goals on a regular basis; and clear accountability for that progress. Those are the basics. As for the product development, bottom-up approach can do well in business strategy at every country.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Compensation is at market rate but too much effort in managing up

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Product Controller in Singapore (Singapore)
    Former Employee - Product Controller in Singapore (Singapore)

    I worked at Standard Chartered Bank full-time (more than 5 years)

    Pros

    Compensation is attractive, impression is very important

    Cons

    Spent too much time managing upwards, people who just wants to do their job will be disappointed

    Advice to ManagementAdvice

    When it comes to assessing future leaders the management should try to get 360 feedback.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Priority Relationship Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Priority RM
    Current Employee - Priority RM

    I have been working at Standard Chartered Bank full-time (less than an year)

    Pros

    Healthy enviornment, good base, freedom to do what you want and when, only that targets must be met, flexible hours

    Cons

    processes are tedious, sometimes getting business is not difficult but logging it in is, you need to have a strog network to get your business done within the organization

    Advice to ManagementAdvice

    more focus is required in consumer banking

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Lots of opportunities to learn and great medical benefits But loyalty is not well appreciated

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Kuala Lumpur (Malaysia)
    Current Employee - Anonymous Employee in Kuala Lumpur (Malaysia)

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

    Pros

    Lots of opportunities to learn if willing to put in extra effort.

    Opportunities to work with teams among the region if given chance to involve in Group project.

    Global job relocation opportunities.

    Unlimited medical claim for both employee and dependants.

    30 days annual leave.

    Cons

    Bad work culture as people unable to work and resolve issues as a team and not willing to take up responsibilities.

    Constant change in organisation structure. Have to adapt to fast changing in reporting manager and work relationships.

    Employment of management staffs are contract based. To show that they are competent and performing, lots of new products and campaigns are launched within unrealistic timelines. It stresses out almost every working level staffs and causes high turnover rate.

    Legacy issues popped up everywhere. Therefore requires lots of patience to get things right.

    The bank is not willing to invest in system enhancement and lots of processes involved to enhancement. Hence, businesses has to give up to change request and proceed with manual handling instead of automation.

    Loyalty/long service is not appreciate. Prefer to hiring new employees for higher position over growing existing employees.

    Advice to ManagementAdvice

    Do hear out issues highlighted by working level staffs

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Was a great place to work at 5 years ago!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consumer Banking in Mumbai (India)
    Former Employee - Consumer Banking in Mumbai (India)

    I worked at Standard Chartered Bank full-time (more than 5 years)

    Pros

    Ok so the pro's - Very open culture, you can walk up to seniors easily and talk to them, share your ideas. Also the company wants to innovate and is very open to listening to and implementing new ideas. Depending upon the department and country that you are in, work life balance can be good or challenging.

    Cons

    Pay is not as per industry standard at least on the consumer banking side
    Changes in management in the last few years have made it very cut throat and cold! Top management especially in india was very friendly and genuinely concerned about employees. Doesn't seem to be the case now. Keep it to work and thats all they want!

    Advice to ManagementAdvice

    Get human again!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    scb

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Officer in Makati City (Philippines)
    Former Employee - Customer Service Officer in Makati City (Philippines)

    I worked at Standard Chartered Bank full-time (more than 3 years)

    Pros

    Great place to start your career.

    Cons

    Some departments are under staffed.

    Advice to ManagementAdvice

    scb

  9.  

    An OK Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Jakarta (Indonesia)
    Former Employee - Analyst in Jakarta (Indonesia)

    I worked at Standard Chartered Bank full-time (more than an year)

    Pros

    Personal Growth, facilities, benefits, promotions

    Cons

    People are selfish, very high competitive environment

  10.  

    Great place to learn

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

    I have been working at Standard Chartered Bank as a contractor (less than an year)

    Pros

    Boss encourages work-life balance. will not ask you to OT unless urgent. Bosses are very straight forward on what is their target, willing to listen and offer assistance. Given chance to prove yourself.

    Cons

    Communication with colleague who are not IT proficient can be very frustrating when rushing for deadlines and juggling among deadlines.

    Advice to ManagementAdvice

    Restructuring that takes too long to finalize had embedded unnecessary stress among team.

    Recommends
    Negative Outlook
    No opinion of CEO
  11.  

    ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    emerging markets, good management, inter-company mobility

    Cons

    small scale, less strategic way

    Advice to ManagementAdvice

    take some bottoms up feedback

    Recommends
    Neutral Outlook
    Disapproves of CEO

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