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Sumitomo Mitsui Financial Group

Is this your company?

No wonder Japan can't get out of a recession - Associate Manager Sumitomo Mitsui Financial Group Employee Review

1.0
Dec 10, 2014
Recommend
CEO approval
Business outlook

Pros

Large bank with some top tier clients. Solid balance sheet to lend against.

Cons

Unbelievably rigid culture with a Kafkaesque level of bureaucracy that makes doing actual business impossible. There is absolutely no autonomy and people are literally scared to make decisions without getting sign off from every level of management. Pace of business, as a result, is glacial. Entrepreneurial thinking is discouraged and there is a palpable fear of anything new which would explain (but not excuse) the use of Lotus notes for email and other unbelievably outdated technologies. There is no clear path to promotion for non-Japanese, no culture of management feedback or mentoring for those who want to advance their careers and women, in general, are not seen as management material. In short, if SMBC is a microcasm for Japanese culture, good luck to the Japanese economy on achieving any meaningful growth anytime soon.

Explore other reviews about Sumitomo Mitsui Financial Group

5.0
Dec 10, 2025
Recommend
CEO approval
Business outlook

Pros

Very professional company and management, great benefits, great place to work at

Cons

Reorganizing executive management requires focused effort to meet expectations, but the rewards are worth it.

4.0
Jun 7, 2026
Recommend
CEO approval
Business outlook

Pros

Decisive leader at the top, coupled with high growth expectations

Cons

Excessive focus on cost; reiterated at every senior meeting

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