Standard Chartered Bank

www.standardchartered.com
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Standard Chartered Bank Reviews

Updated 25 February, 2015
Updated 25 February, 2015
208 Reviews
3.0
208 Reviews
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Standard Chartered Bank Group CEO Peter Sands
Peter Sands
208 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

208 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.  

    SBC review

    • 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 (less than a year)

    Pros

    Willing to make progress.

    Cons

    Slow on boarding process, outdated alert monitoring system, and backlogs.

    Doesn't Recommend
    Negative Outlook
  3.  

    fair salary provided, long working hours

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

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

    Pros

    good career exposure, many opportunities to fresh graduates

    Cons

    long working hours, no work- life balance

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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  5.  

    International Graduate Program

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

    I worked at Standard Chartered Bank

    Pros

    The international graduates are given good exposure to top management and taken on loop with organizational level strategy and the way ahead. They are always in on the bigger picture of business due to frequent interactions with senior management. International graduate enter one grade higher than the starting grade (starting grade i.e. the lowest permanent employee level is G9, IG's enter at G8) and after the completion of 2 year program all IG's are promoted to the next grade (G7) together with permanent placement for which they get several options. There is a good amount of international mobility, both during the two year program and afterwards. Many IG's chose to work in a market different from their home countries upon completion of the program. The IG're are paid higher than the average employee on the same grade and well looked after generally during the program.

    Cons

    Once the IG program finishes, then its different for different people. Some find it hard and same as end of honeymoon period. Quite a lot of IG's leave the bank afterwards. A lot depends on where the graduates chose to work. Some markets are great and have good potential, others not so much. Also the IG's are used to good support during the program from HR and afterwards its no so forthcoming anymore which is a rather disappointment. The HR policies for common employees are rather 'not pleasant' and the IG's once they become part of regular core of employees feel the heat more .
    Apart from this the usual issue of long working hours and politicism and nepotism prevails in some markets atleast and its quite a downer for the younger lot.

    Advice to ManagementAdvice

    The HR policies of the bank are quite questionable in quite a few markets and generally employee morale in these markets is not quite up to the mark. The nepotism and politicism also has a big affect and is quite damaging to morale. The turnover of Standard Chartered is quite on the higher side compared to industry, atleast back when I worked and the senior management has never really done much to alleviate that.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Satisfactory Level

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Relationship Manager in Kathmandu (Nepal)
    Current Employee - Relationship Manager in Kathmandu (Nepal)

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

    Pros

    Good Brand , Excellent work life balance

    Cons

    Small Franchise are left completely dependent on regional giant due to which all the major positions are held by expat. Further with its focus in restrict in only limited area, very low growth rate unlike in major market. worth mentioning about its policy of too much group dependent policies avoiding the local rules and market dynamics leading to frustration for the sales staff. Its like asking to go in the battlement without bullet from the local market perspective. No clear career growth path and parameters.

    Advice to ManagementAdvice

    Be local though International. Encourage young and innovative minds. Have clear parameters set like with how much performance and rating where in how many years and the increment etc. Though believe in the speak up policy i doubt if its being implemented since these are block by the middle manager who sometimes are more concern with own growth at the cost of team members.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    overall nice place to work but too many things need substantial improvement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in New York, NY (US)
    Current Employee - Vice President in New York, NY (US)

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

    Pros

    This place offers an opportunity to achieve fair work-life balance. You will likely find people to be nicer than in other shops. They place a strong emphasis on their values and culture.

    Cons

    It is quite a bureaucratic environment. It doesn't offer ample career or growth opportunities. Pretty conservative place as well.

    Advice to ManagementAdvice

    we need to clean up our own backyard: to review our policies and philosophy, to be willing to change our mindset and behavior where necessary, to better listen to our own people.

    Recommends
    Negative Outlook
    No opinion of CEO
  8.  

    Good experience to work at Standard Chartered

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

    I worked at Standard Chartered Bank

    Pros

    Good quality of people with excellent values. Good risk appetite particularly in the credit space.

    Cons

    Poor management often located in remote locations. Poor systems. Poor leadership and consistency in the global strategy.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Career limiting if you are considering venturing into a specialist area.

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

    I have been working at Standard Chartered Bank

    Pros

    Job stability; specially suitable for generalists.

    Cons

    Career limiting for someone considering a career in a specialist field. You become more of a generalist without having much expert knowledge in any specific area.

    Recommends
    Negative Outlook
    No opinion of CEO
  10.  

    NOT SO BAD AN EXPERIENCE

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

    I have been working at Standard Chartered Bank

    Pros

    Training opportunities , networking across the world (different continents) working with some of the best systems and latest technology

    Cons

    work life balance may be hard depending in which department/ country you work in.

    Sometimes the salary structures and beauracracy surrounding them can be very frustrating

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Working 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

    Large mnc bank, good career opportunities

    Cons

    Slow growth, matrix organization, less salary

    Recommends
    Negative Outlook
    Disapproves of CEO

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