Sumitomo Mitsui Banking Corporation Employee Reviews

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2.0
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US managers afraid of Tokyo management, near complete disconnect
Associate (Current Employee) –  New York, NYFebruary 10, 2019
The culture is strange. Little of the good of Japanese culture. Lots of bad. Managers won't make decisions just in case Tokyo MIGHT disapprove. Tokyo managers won't take initiative. Hundreds of employees are being forced to move from Manhattan HQ to White Plains - or get fired. That's mainly because a number of senior managers live near White Plains and will greatly reduce their commute.

The firm has NO common sense. Employees who do tend to get fired. The firm says they are proud of not laying people off, yet employees often leave in large groups with no explanation.

There is little to no cooperation between offices, regions or HQ. Lots of rules, but almost no actual controls. No one knows where the money goes, or why. There are pockets of dedicated employees, and even bigger pockets of employees hiding out from work. Managers only cooperate with other managers they get along with.
Pros
decent benefits at much lower cost than usual, The annual holiday part - which you pay for, is nice.
Cons
Poor management, being forced to move to NJ or White Plains, poor pay
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2.0
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Unprofessional, too many expats and most of them lack adequate expertise.
Vp (Current Employee) –  New York, NYDecember 23, 2018
Local employee are implicitly prejudiced. Intangible shadow is always casted in many local people’s mind. Thanks
Too many expats and most of them lack adequate work knowledge , however, their promotion is automatically as always.
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3.0
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Great Benefits
Team Leader - Transaction Examination Support (Former Employee) –  Jersey City, NJDecember 10, 2018
Great benefits and they pride themselves at a low cost to the employee for the benefits. They strive to continue their annual Cost of Living Wage Adjustment as well as their Annual Bonus.
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4.0
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Very good company to work for long term. great benefits
Application SME and Project Manager (Former Employee) –  Jersey City, NJNovember 30, 2018
Very good company to work for long term. great benefits.very nice work atmosphere. less stress.
lack of career growth opportunities
traditional company
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1.0
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Review
Senior Team Leader (Current Employee) –  New York, NYNovember 4, 2018
Japanese culture is an adjustment for anyone who has worked outside of their culture or anyone who has not had prior experience working in one of their institutions
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2.0
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Sleepy Organization desperately failing to modernize
Associate (Current Employee) –  New York, NYOctober 8, 2018
SMBC is global bank with a very well founded reputation. However; their New York branch seems stuck in the 90s. Most of the technology is outdated to being with. Earlier this year they made a transition from Lotus notes to Outlook, but only for email, most of the rest of the organization is run out of Lotus notes yet with no forward dimension. Computer systems are overly blocked and the few newer systems often have compatibility issues with outdated browsers and computers.

That said for those near the end of their career, this is an organization that respects expirence, safe job, decent benefits.
Pros
Benefits
Cons
Outdated Technology and 90s style business practices
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5.0
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Productive and Growing Company with Lots of Room for Advancement
Contract Administrator, Officer (Current Employee) –  New York, NYSeptember 25, 2018
I came to SMFL with no experience in 2015 and have quickly grown to learn the ins and outs of the Transportation Financing world. With it's unique niche in the equipment finance industry, I have found that SMFL/SMBC has offered me the opportunity to learn, grow and excel in a field I had not thought of for myself initially. I truly enjoy the work I do here and look forward to a long and fruitful career with SMFL/SMBC.
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1.0
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No Growth Opportunities
Loan Administrator III (Former Employee) –  New York, NYSeptember 9, 2018
Management is racist. Also pays less than Market rate as well also no growth opportunities. Mangers there have been there along time. Need to be more professional and have training on professionalism as well as being able to communicate in a professional manner.
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1.0
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Generally good.
Vice President (Former Employee) –  New York, NYSeptember 1, 2018
Work isn't too difficult, but the standards are a bit over the top. Culture is Japanese, so inefficient and not capable of being as profitable as others, but it is a well known and respected firm. Workplace is decent. and the hardest part of the job is being forced to use archaic technology.
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3.0
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Decent
Analyst (Current Employee) –  New York, NYAugust 23, 2018
Work isn't too difficult, but the standards are a bit over the top. Culture is Japanese, so inefficient and not capable of being as profitable as others, but it is a well known and respected firm. Workplace is decent. and the hardest part of the job is being forced to use archaic technology.
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5.0
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Great Place to work for
Corporate Development (Current Employee) –  New York, NYAugust 12, 2018
Everyone is enthusiastic to make better change for clients. Everyone including credit department is dedicated to serve our clients. Bank pay you generous too.
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4.0
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Nice place to work
Anti-Money Laundry Analyst (Former Employee) –  New York, NYApril 24, 2018
It was a nice place to work but I moved 3 hours away and my family thought it would best to find somewhere else to work that would be closer to home, so that I can experience a more of a life/work balance.
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3.0
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Learn then move on
Portfolio Management (Former Employee) –  New York, NYApril 19, 2018
Lack of promotability due to Management changing every two years. Salaries are low and raises very few. Great place to learn fundamentals, then move on.
Pros
benefits
Cons
Low salary, lack of promotion for local staff
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4.0
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good place to work
IT Administrator (Former Employee) –  New JerseyMarch 26, 2018
overnight IT operations, watching eod process, running jobs, reporting on errors. Good pay good culture. Was sorry to be laid off. Management was inclusive and made you feel like an important part of the team.
Pros
pay and benefits, career developement ( learned a lot )
Cons
overnight job takes toll on you
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2.0
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Slow Paced Innovation
Analyst - Sponsored Fund Finance (Current Employee) –  New York, NYJanuary 23, 2018
The company is extremely lagging in its ability to adapt to modern lending standards, crippled by an archaic credit department and foreign mentality which leaves a tremendous amount of business on the table. I would avoid working for SMBC until the company becomes more independent as an Americas division, until then the business units will be relegated to impractical lending capabilities.
Pros
Job security
Cons
Lack of financial engineering
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1.0
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worst company to work for
avp (Former Employee) –  Hoboken, NJDecember 22, 2017
There is no opportunity for advancement. The upper managers treat employees like slaves . They expect you to work during natural disasters like snow storms and floods.
Pros
good health insurance
Cons
no work life balance/ no work from home
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4.0
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Good place to work
KYC Analyst (Current Employee) –  Jersey City, NJNovember 17, 2017
Typical day was good pace. Advancement is really slow. Good amount of vacation days. Great benefits. Management needs to get better. Training needs to be conducted more.
Pros
Relaxed environment. Good benefits. Many days vacation.
Cons
Slow advancement. Low pay.
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3.0
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Worked there too long ago for effective review
VP (Former Employee) –  New York, NYOctober 13, 2017
Experience there was too long ago to write a meaningful review. There have been various mergers and acquisitions and changes in the company since leaving there.
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1.0
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It's not the Japanese that are the problem...
SVP Business Development (Former Employee) –  New York, NYJuly 31, 2017
Anyone who has ever taken a leadership class will recognize that the Americans in charge of the US have no concept of empowering employees or ethical behavior. Would never recommend being a junior level employee. No training whatsoever.
Pros
Middle of the road pay and benes.
Cons
Terrible management
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2.0
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Long hours
Credit Analyst (Current Employee) –  New York, NYJuly 26, 2017
Salary is good however be ready for long hours. Hard to maintain work/life balance though benefit and vacation policy are good.
The culture may differ from department to department.
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Overall rating

3.3
Based on 83 reviews
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3.2Work/Life Balance
3.4Compensation/Benefits
3.2Job Security/Advancement
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2.9Culture

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1.5InHerSight Score

1.5Personal Development

1.5Career Opportunities

1.7Family Support

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