Prudential

  www.prudential.com
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Prudential Reviews

Updated Jul 22, 2014
All Employees Current Employees Only

3.3 600 reviews

85% Approve of the CEO

Prudential Chairman and CEO John R. Strangfeld

John R. Strangfeld

(315 ratings)

64% of employees recommend this company to a friend

Review Highlights

Pros
  • Work/Life balance is good but still depends on what team you belong (in 80 reviews)

  • Good benefits package - new employees are still eligible for a pension (in 35 reviews)


Cons
  • The work/life balance of sales will drive most to leave within the first few years (in 23 reviews)

  • 15 appoiuntments unless is is your personal friends and family (in 7 reviews)

More Highlights
45 Employee Reviews Back to all reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    If you have a conscious, don't come here to work

    Anonymous Employee (Current Employee)

    ProsUnlimited commissions, and an opportunity to offer people financial stability in the time of a loss

    ConsThey will not b e honest about the investment you need to make to get started. Once you pay for a license, then they will tell you you need to pay them more money in order to sell that product in that state. If you have a lead that is not a core product from Prudential, do not expect any help from management.

    Advice to Senior Managementrestructure

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    HORRIBLE COMPANY

    LTD Disability (Current Employee)

    ProsNONE unless you are a complete suck up or your friends/parents work there

    Conslow wages, massive favoritism, hostile work environment, management very abusive and retaliatory. high turn over

    Advice to Senior Managementthe CEO need to listen to the employees on the floor and get rid of the horrible management including directors and VPs

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Prudential, Outsiders Not Welcome

    Management (Current Employee)

    ProsGood benefits package, good brand recognition, good products, cost of doing business is low compared to the market.

    ConsBecoming "Prudentialized" is nearly impossible. When I first make the switch from my previous firm to Prudential I had a lot of people tell me good luck becoming "Prudentialized" I shook it off and charged ahead. 2 years later I understand. This company is great if you have been around for 20+ years, which most of upper management have been, but for those in management positions that are new it is extremely difficult. There is very poor support for those managers and Financial Professionals (sales) in the field so you are forced to learn everything the hard way. Even if you have very strong local management you are still going to struggle due to the poor support given at the corporate level. No wonder our top producers are just above average at other companies in our industry. In addition if you are in a sales management role the HR and Compliance Dept. run wild. The level of scrutiny that Prudential puts on background checks for new hires is over the top. Asking a 55 year old who has a college degree to find his/her high school diploma to prove they graduated is an example of how ridiculous the HR dept. is. Finally, Prudential talks a lot about diversity and inclusion but do very little at the local level to actually support it. Try to find good marketing material in any language other then english, its not going to happen!! Ive learned a lot in my time at Pru, more about what I dont want from a company then what I do want.

    Advice to Senior ManagementStop living in the past, look forward and get out of your own way. Allow more outside opinions and insight in, there are a lot of current employees that are willing and ready to share their experiences and insight but do not because you do not listen or care to hear. You are/will be left behind as the industry adapts while you are stuck in the past. Let your sales people be sales people and get out of their way. Keep producing the great products you have and continue to provide good benefits. Finally, get your HR and Compliance teams under control. You will never have a great distribution channel through AD until that happens.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    How is this legal?

    Financial Professional Associate (Current Employee) Newark, NJ

    ProsIf one actually got a check, due to the size of the company, you could be confident it would clear.

    ConsPrudential's Career Development Program is akin to pre-Civil War slavery. New agents are thrown to the wolves and told to sell life insurance to their friends and family, and aren't paid a dime until they hit a certain sales quota, even if they've sold product. It is possible to LOSE money by going to work, due to the fact that agents are not compensated for any of their licensing or travel expenses until they make it through the initiation. Less than half of their recruits make it through the CDP.

    Advice to Senior ManagementPut yourself in the recruit's shoes. It will be quite a reality check.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Waste of money and time

    Financial Professional Associate (Current Employee) Roseville, CA

    ProsTime flexible was okay but so many demands.

    Conscommission base, demand all out of pocket expenses, and no help from management.

    Advice to Senior Managementmore support to advisors

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    3 people found this helpful  

    Prudential A Place You Don't Want To Be

    Settlement Options Processor (Former Employee) Newark, NJ

    ProsPrudential provides a good benefits package including health insurance, vacation pay and the opportunity to work from home when you don't feel like working in an unsanitary office.

    ConsI was horribly surprised with my experience working at Prudential. I found a work environment filled with people who had worked there for many years and seemed satisfied to just go through the motions of their job. There were people there who actually fought change and modernization of processes. Executives seemed to be oblivious to the details of the processing of various insurance transactions and seemed more interested in their own careers and advancement. I honestly never felt as if my vice president gave a hoot about me or my career. The other thing that really surprised me was how poor the work environment was maintained. My floor had rodents running around during business hours. We started pulling out drawers from unoccupied desks and found all sorts of debris and rodent nests. We finally got management to set traps and started to set our own. The other thing we had to deal with was moldy carpeting that I was told had been moldy for 20+ years. Employees complained about outbreaks of rashes. There also had been approximately 12 current and former employees from our floor who were diagnosed with all sorts of cancers. After complaints management refused to replace the carpeting. All of this creeped me out and I found another job elsewhere.

    Advice to Senior ManagementTake a genuine interest in your lower level employee's jobs and work environment and worry less about your own career and your big bonuses.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Nearly Impossible to stay for long

    Financial Professional Associate (Former Employee) Irving, TX

    ProsFreedom ove your schedule

    Conslow pay, no salary (100% commission), no support, little training, no strong management, old fashioned company (ie. I couldn't scan documents to clients, which made things very inconvenient & impossible sometimes)

    Advice to Senior ManagementManager MUST have the ability to perform well. One out of seven managers in my office was proficient at his job. After working there for two years it became obvious that if you were a minority at Prudential then you would get promoted regardless of your level of talent. This affected the entire sales team because the managers didn't know how to manage. Though well-intentioned and nice people their strong suites were definitely somewhere else. That's why I left. It was impossible to progress in my career if no one around me knew how to show me the steps to get there.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Consider all other options!!

    Financial Professional (Former Employee) Champaign, IL

    ProsI got myself licensed so I can work for another company!

    ConsThey use your friends and family as their only marketing campaign! They don't give the training that they claim. They are less than honest about the job description!! All you end up doing is writing out personal checks to Prudential, and never receive one for the work you do!

    Advice to Senior ManagementActually provide training to your New People!! Not empty promises! Put trustworthy people in charge that actually care about the outcome of their employees and not themselves!!

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    6 people found this helpful  

    Worst company I have ever worked for

    Investment Analyst (Former Employee) Newark, NJ

    ProsYou get a bigger bonus working in Investment Management though its chump change compared to the amount of work you put in and the responsibilities you have.

    ConsI don't ever write reviews as I've worked at Bank of America and thought that was a very political environment but Prudential takes the cake. You are overworked, underpaid, not appreciated as a person and at the end of the day it doesn't matter how good of a job you do, if someone doesn't like you, they will fire you. It was the worst experience of my life working there, but I powered through everyday and put a smile on my face.

    People who work there are the ones who culturally don't fit anywhere else. They are the socially awkward people you ignored/made fun of in school. Total opposite of Wall Street culture. They do not give employees phones or pay for your phone bill but expect you to have office email app downloaded on your phone and respond to emails at all times. All the equipment is from the 1950's. You can't even go back to see the telephone number of missed calls. How they invest in equipment is an example of how they invest in its people. They don't. They get you in for the cheapest amount and throw you out when they're done.

    Advice to Senior ManagementListen to the young people coming in if you want to bring some innovation to your outdated company. That's why everyone uses you as a stepping-stone and never stays.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Fantasy and Fraud

    Financial Professional Associate (Former Employee) Shelton, CT

    ProsFree parking at select locations.

    ConsToo numerous to list beyond the deceptive "Career Development Program" that benefits the agency to the crippling disadvantage of the advisor. This is an excellent category to discuss the Cons, many of whom are in sales management. If you find yourself in a room with these people, look for an easy and quick exit. There are far better firms to experience. This one lives off its agents through unsanctioned corporate fees (who pays to be appointed by his own firm?) and empty promises about marketing support.

    Advice to Senior ManagementDo you ever audit the workplace practices of the agencies? Take a very careful look at the MD in Shelton.

    No, I would not recommend this company to a friend

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