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      Swedbank

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      Swedbank Reviews

      3.9

      76% would recommend to a friend

      (637 total reviews)
      avatar

      Jens Henriksson

      87% approve of CEO

      67% positive business outlook

      Swedbank has an employee rating of 3.9 out of 5 stars, based on 637 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Swedbank employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

      Reviews by job title

      637 reviews
      5.0
      11 Nov 2017

      advisor

      Anonymous employee
      Recommend
      CEO approval
      Business outlook

      Pros

      The values at the company inspires everyone at work; open, simple and considerate. A great place to work at and managers care about personal development.

      Cons

      Large company which sometimes can be slow in adapting to changes and keep up with innovations and new technology

      3.0
      9 Dec 2021

      Culture

      Project manager
      Recommend
      CEO approval
      Business outlook

      Pros

      Good life and work balance, respect and understanding for personal reasons, perfect workplace for people with kids, self-development opportunities (LinkedIn training free), non-competitive friendly environment, if your boss is supportive. Good diversity ratio, good benefits, safe and fair environment.

      Cons

      Not suitable for those who have the ambition to implement some initiative or get results fast. Decisions are very slow and complex and mostly based on how are you being judged as a person by your superiors and not based on the value of your idea. Very risk-averse culture, no or very delayed innovations and rather ineligible compared to the competitors. The bosses mostly care for delivering short-term KPIs, and not long term value for customers or the company. Low transparency, poor communication, slow progress. The other disturbing situation is that decisions are always done by a few "unwritten kings" and their personal attitude/mood/opinion, so decisions are not based on data or a potential bank value, but on how it is favourite/easy for them. The worst place - Digital Banking & IT. Currently, HR started addressing leadership and speak-up culture, but it is a joke how they do it. It won't work. So pity, as it is such a needed change.

      4.0
      4 Apr 2021

      Good company for long term commitment

      Product manager
      Recommend
      CEO approval
      Business outlook

      Pros

      If you want to settle for 10-20 or 30 years, then probably this is a very good place for you. There are plenty of opportunities to move across different areas if you want broad understanding of how banking works. Individual performance pay in equity, which is usually 1.0 - 1.5 times your salary per year (though, you can cash each equity allocation on the 4th year only; e.g. in 2021 we had equity "air-drops" for our 2017 year's performance). Usually 5% annual salary increase (lower this year, due to covid). Option to subscribe to corporate retirement programme (they withhold 1% additional of your brutto salary, the bank gives you extra 2% of "free" money and invests total of those 3% into stocks) - however you can't pull this money out before 55 years old or so, but good for long term thinkers. Compensation for professional trainings. Visits to conferences to enhance your professional growth (no travels due to covid in 2020-2021, of course, but usually we travel) Additional "winter" vacation of 1 week (in addition to your default 4 weeks) of vacation. You are eligible for this kind of vacation after 1 year of working in the bank. You can take this vacation from January through April and then it burns. 3 "health" days for unpredictable health related situations or for planned health treatment activities. Usually we take these out during Christmas. Special discounted interest rates for employees for home loans. For this year (2021) we've got additional temporary health insurance due to this unstable covid situation. You can grow your network by a lot. Next company you move to will probably already have some of your previous colleagues :) Frequent org structure changes create opportunities for career growth.

      Cons

      Way too many structural changes in different units during last 2 years. I work in a back office and in my unit every 6 months literally there is some new org structure. Hopefully it stabilises now, but we'll see. For some positions there is a risk of burning out. However, I'd attribute it more to individual factor and how close to his/her heart the person is taking things. A lot of work. Often more that you can digest. Higher management listens to your feedback and proposals, but anyway they do everything their own way, and sometimes complete opposite of what you might think. From my perspective, there are relatively random people in higher management. Often they do not have support from "plain workforce". I also do not see that there is anything I can learn from those people in higher managerial positions, so I do not take them as true leaders really.

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      Glassdoor has 697 Swedbank reviews submitted anonymously by Swedbank employees. Read employee reviews and ratings on Glassdoor to decide if Swedbank is right for you.