2.8
Recommend to a friend
52%
Say this is a great place to work
53%
Proud to have on resume
67%
Employee - Vice President
Societe Generale's culture is very French. Too political. No drive to make more money. Happy to make some
Employee - Associate
Would recomment to others only if you can be part of the gravy train team, aka revenue team and not cost team.
Employee - Associate
Know that you'll need to provide your own training, esp if you are with IT at this company.
Employee - Associate
Very cost conscious operation. Everyone operate in fear mode, afraid to do any that will upset the COO.
Employee - Associate
The SocGen side of the house (was Newedge while I was there) had no interest in fixing any of their broken processes. They simply used the large client base they had to make their money.
Employee - Group Managing Director and/or Partner
Culture is too political.
Employee - Senior Vice President
Management was inconsistent with its message and showed no care or concern for their employees
Employee - Senior Vice President
Poor management hinders performance at the company
Employee - Senior Vice President
I really liked my co-workers but toxic management somewhat ruined it
Employee - Vice President
I am completely bilingual, dreaming in French and listening to rap like it's nothing. I've lived in the Basque Country and Paris, later covering French-speaking hedge funds, family offices and pensions in Switzerland and Paris as a junk trader. You would think that I would love SocGen; however, the same societal problems that infect French socialism disproportionately affect the mindset of management, where complacency, self-entitlement, and risk-aversion hobble the bank's ability to supervise an American broker/dealer. I made myself a pariah by reporting compliance and suitability violations committed by a big producer, nixing the longevity of my engagement, rather than being thanked for the keen eye. SocGen's problems are organic to its native culture.
Employee - Vice President
I grew up in snake pits, so this one took me by surprise. Speaking French and having my earlier career lead into a SocGen job rounds out my story properly; however, the experience itself was disappointing and disenchanting. Even French friends back in France warned me of the culture. They were right. It's a socialist complacency tank.
Employee - Vice President
I found myself surrounded by French bureaucrats, who assumed from my short/thick/wide stature that I was just another neanderthalic American cretin; however, my stealth French revealed the nervous, insecure, under-qualified, desperate, excuse-ridden secrets underlying current that management hides effectively, in its ready-fire-aim approach to chasing liquidity. A good 1/3 of French senior management lives on $200k+ base salaries, eats lunch and feigns participation in transactions and know it very well. They want everyone else's returns with no risk, trying almost Boris-and-Natasha methods for eeking $ out of the bond market. No one method offended, so much as the unmistakable theme. Speaking French revealed insidious details that led me to this conclusion.
Employee - Managing Director
The bank does not have a 'near-shoring' strategy in the US
Employee - Managing Director
There are a few management that have been in place for a while and only want to protect their kingdom.
Employee - Vice President
Bring back the high caliber talent that ran the business prior to applying the Volker rule.
Employee - Vice President
If you're not French, you'll always be an outsider at this company. Even if you speak French fluently as in my case.
Employee - Vice President
Very clannish work culture.
Employee - Managing Director
Local Management is heavily concentrated with French expats which do not understand the American culture, decision making (non consensus) or desire to be number 1 in a given product area.
Employee - Managing Director
Learning French is a must to find success here.
Employee - Managing Director
Highly educated work force that respects intellectual accomplishments. Commitment to social responsibility.