Standard Chartered Bank

  www.standardchartered.com
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Standard Chartered Bank Reviews

Updated 23 August, 2014
Updated 23 August, 2014
576 Reviews

3.5
576 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Standard Chartered Bank Group CEO Peter Sands
Peter Sands
232 Ratings

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 47 reviews)

  • Nice working environment inside the company (in 38 reviews)


Cons
  • work life balance based upon projects (in 19 reviews)

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

More Highlights

184 Employee Reviews Back to all reviews

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  1.  

    From good to bad to worse in technology

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

    I worked at Standard Chartered Bank full-time for more than 10 years

    Pros

    The work life balance is about as good as you're going to get working for a bank and they also pay handsome salaries when compared to similar roles in other banks.

    Cons

    Those who shout the loudest tend to rise to the top but unfortunately in many cases empty barrels make the most noise. The bank has grown very quickly and what used to be a small and close knit IT shop is now a huge sprawling mess with tens of thousands working in the IT function. Getting things done is challenging as it's a hugely bureaucratic environment and the processes involved are incredibly poor, instead of fixing the inefficiencies the approach taken by management is to build more bad processes on top of the existing ones. The quality of many of the technical staff is way below average so it's not hard to shine if you're competent and can deliver. The IT function is run by the smart 20% of staff the other 80% are either people who talk a good game but don't actually contribute anything or just passengers.
    There's a lack of accountability and the management structure is too complicated, many managers are covering the same thing so it's unclear exactly who is responsible for what and when things go wrong there's always a lot of finger pointing but no-one is actually held accountable.

    Advice to ManagementAdvice

    Get rid of the dead wood, stop off shoring to cheap locations, you get what you pay for and it's better to hire 1 smart person who can deliver rather than 4 amateurs in a cheap locations

    Doesn't Recommend
    Negative Outlook
  2.  

    Very long hours rewarded by a fantastic view of Marina Bay

    Former Employee - Summer Analyst  in  Singapore (Singapore)
    Former Employee - Summer Analyst in Singapore (Singapore)

    I worked at Standard Chartered Bank as an intern for less than a year

    Pros

    I once asked my analyst the best part of wroking fro Standard Chartered.

    24 Days annual leave :D

    The best part about working here is not working here.

    Cons

    The pay is terrible. Horrendous.

    Advice to ManagementAdvice

    Pay us more.

  3.  

    Banking at SC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director, Relationship Manager  in  London, England (UK)
    Former Employee - Director, Relationship Manager in London, England (UK)

    I worked at Standard Chartered Bank full-time for more than 10 years

    Pros

    Fairly decent hours, focus is always on Asia so yours had better be as well. Generally friendlier place than most banks, lots of lifers but that is changing.

    Cons

    Hired lots of ex-US bankers who have then brought in their friends thus altering the culture. Share price has collapsed of later. Perks are essentially non-existent and office politics is vital.

    Advice to ManagementAdvice

    Changes required at the top are limitless, the share price has collapsed and yet the institutional investors are only now starting to talk to the FT. Reward loyalty like the bank used to or the poison will float up.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Its 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

    Pros

    Internal transfer is flexible, company values are good

    Cons

    Old systems, salary is low compared to market

    Advice to ManagementAdvice

    Invest more on talents

  6.  

    I had a great 8 years there but the culture changed significantly and it became too inwardly focussed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - MD, Human Resources  in  Singapore (Singapore)
    Former Employee - MD, Human Resources in Singapore (Singapore)

    I worked at Standard Chartered Bank full-time for more than 8 years

    Pros

    Great, inspiring leaders who care about what they do
    Not as bureaucratic as competitiors
    Company's Here For Good ethos is great
    Good market footprint

    Cons

    The company has become too inwardly obsessed and cautious.

    Advice to ManagementAdvice

    Cut out the BS and get back to basics!

    Recommends
    Negative Outlook
    Approves of CEO
  7.  

    Experiences at SCB

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

    I worked at Standard Chartered Bank

    Pros

    International Working Environment
    Improve and Develop banking skills

    Cons

    HR was not professional at all
    The seniors were not appreciated what you'd truly contributed
    The older employees gave their tasks for the newcommers

    Recommends
  8.  

    Business Development Manager

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

    I worked at Standard Chartered Bank full-time for less than a year

    Pros

    It was a sales role so it was quite free and easy.

    Cons

    However, I think at times it may be more of relationship building between the manager and subordinate than actually achieving KPIs. So in a nutshell, it is important to please the boss.

    Advice to ManagementAdvice

    Try to be fair for a start.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Insurance manager

    • 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 for more than 3 years

    Pros

    End to end product development

    Cons

    Turnover is high. Compensation is competitive

  10.  

    Senior Developer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Developer  in  Hong Kong (Hong Kong)
    Current Employee - Senior Developer in Hong Kong (Hong Kong)

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

    Pros

    good working place and good salary

    Cons

    a lot of project waiting to start

    Advice to ManagementAdvice

    need to consider your staff feeling

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    business analyst

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

    I worked at Standard Chartered Bank

    Pros

    great job,very interesting and constantly working with excel and spss.

    Cons

    alot of work before meeting with senior managers,unsatifying pay package

    Advice to ManagementAdvice

    boost the compensation package

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