MBAS8 standard Chart 8/4/08 14:47 Page 38
Executive Interview
INDUSTRY FOCUS
Spotlight on Standard Chartered
in 2008
Sarah Thomas, Head, MBA & Graduate Recruitment, Standard Chartered Bank
What are your current plans for MBA and demand giving them the ability to withstand a
graduate hiring in 2008? slowdown in the West better now than before. These
To give you a context, Standard Chartered has markets are still performing strongly - most at double
increased its staff strength across markets from 28,000 the growth rates in the EC - and we are continuing our
in 2003 to around 70,000 now. We expect this focus on building future leadership capability through
number to grow rapidly as we expand our footprint. International Graduate and MBA recruitment in
Given the nature of our business, building future these markets. In fact, at Standard Chartered
leadership capability is key to our success. MBA and our biggest challenge from the HR perspective is to
graduate hires are critical to building our leadership manage our growth.
bench strength. We have increased our international
graduate recruitment by 35% year on year to nearly Is Asia expected to continue to be an engine
400. Focused MBA recruitment is relatively new for of growth for the Bank? Do you hire non-
the Bank, and as such we don’t set a defined target of Asian MBAs or graduates into your Asian
hires. It’s more about the quality of candidates being Business?
the key driver on how many we hire. That said, Absolutely - Asia is the most important growth engine
I would estimate hiring anywhere between 50 to 70 for the bank - we make 90% of our profits from
MBAs this year. Asia - and we expect this growth to continue. We are
looking to hire great talent into the Bank. We have
Which regions and which departments will over 100 nationalities in our organization, and a
recruit the most people? strong focus on diversity and inclusion as one of
China, India, Korea, Singapore, Hong Kong and our core aims. So you can be Asian, African, Middle
UAE are some of the key growth engines for the Bank, Eastern, or European and still join as an MBA in our
along with many other countries in the core markets Asian business. To site an example, we recently hired
of Asia, Africa, and the Middle East. We recruit a Polish national from INSEAD who went to work in
graduates onto our two-year international graduate our wholesale banking strategy team in Singapore.
program in most of our larger countries. It’s similar for MBAs who Our International Graduate program is slightly different, we hire
we recruit into all of our key markets. graduates into roles in a country where they are eligible for a work permit and
The majority of MBA roles are within the wholesale banking business once they have finished training we then offer them opportunities to work in
(global markets and corporate banking). Roles are primarily in relationship a different country to broaden their experience of different cultures and
management, and for product and risk specialists. For International different parts of the world.
Graduate Recruitment, we recruit into all of our businesses, with graduates
participating on a two-year program which comprises of a series of job
rotations and on and off the job learning.
Which functions will be most affected by the “We are looking to hire great talent into the Bank.
credit crunch? Will this situation create any
greater opportunities for MBA or Graduates We have over 100 nationalities in our organization,
in some functions e.g. Trading, Derivatives?
Standard Chartered's core markets are in Asia, Africa and a strong focus on diversity and inclusion
and the Middle East, markets which have remained
relatively unscathed by the current credit crunch in the as one of our core aims.”
West and which are driven largely by domestic
44 TopMBA CAREER GUIDE
www.topmba.com
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