Prudential

  www.prudential.com
  www.prudential.com

Prudential Reviews

Updated December 11, 2014
Updated December 11, 2014
683 Reviews
3.5
683 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Prudential Chairman and CEO John R. Strangfeld
John R. Strangfeld
360 Ratings

Review Highlights

Pros
  • Work/Life balance is good but still depends on what team you belong (in 91 reviews)

  • Good benefits package - new employees are still eligible for a pension (in 41 reviews)


Cons
  • The work/life balance of sales will drive most to leave within the first few years (in 26 reviews)

  • 15 appoiuntments unless is is your personal friends and family (in 8 reviews)

More Highlights

95 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    unfair to actuarial staff not in Pru's Actuarial Leadership Development Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Actuarial Associate in Newark, NJ
    Former Employee - Senior Actuarial Associate in Newark, NJ

    I worked at Prudential

    Pros

    bonus target is higher than other companies

    Cons

    treat actuarial staff differently. For the so called 'Actuarial Leadership Development Program' (ALDP), they have 50% more study time, at least 20% more salary and get promotion on exams. These kids don't work over time, study at work and can move to a director level within 3-4 years. However, their "leadership" is not that good. And their tech skills suck. Think about it, during their 12-mth rotation, they have 4 weeks PTO, 2 weeks holidays, 6 weeks study time, how many weeks they can actually work and make a real contribution??

    For non ALDP staff, they work hard, study with less support and take a much less salary. This is not fair!

    Advice to ManagementAdvice

    treat staff equally, based on performance, not on the so called "leadership"

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Prudential Response

    Dec 9, 2014Social Media Manager

    We appreciate your candid review. If you would like to discuss this further we are interested in hearing from you. Please email us staffing@prudential.com

  2. 1 person found this helpful  

    Not a good company.

    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Prudential full-time (more than 3 years)

    Pros

    Good perks, that is about all that is good with Prudential. Working from home is another good thing about working at Prudential.

    Cons

    Prudential wants to look good in the public eye but really they don't care about their employees. No support from management. Management doesn't like to take risk.

    Doesn't Recommend
    Disapproves of CEO
  3. 1 person found this helpful  

    Very political

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Newark, NJ
    Current Employee - Manager in Newark, NJ

    I have been working at Prudential full-time (more than 10 years)

    Pros

    You can move around and the benefits are good

    Cons

    Very political, doesn't matter how good you are, you basically have to develop yourself

    Doesn't Recommend
    No opinion of CEO
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  5. 6 people found this helpful  

    DO NOT TAKE THE JOB

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Professional in Appleton, WI
    Current Employee - Financial Professional in Appleton, WI

    I have been working at Prudential full-time (more than 3 years)

    Pros

    Great Company Benefits.......401 K match.....control your schedule....great start into sales

    Cons

    When hired you are told what you can expect to make and you can cut that number in half to get a real idea. You are also not told that you have to pay to go to work there starting year two. also you are not compensated for mileage or gas and trust me you will be on the road almost all the time. This company pays everyone else really well except for the reps. The average wage in our office last year was less the 20,000 per year. and expect 4 months of unpaid training. All in all lots of hidden surprises your expected to pay for additional training and be expected to attend training seminars that are unpaid. also you only get 45% of what you make the company keeps the rest and your not told that the nice quarterly bonuses get dropped after you have been there for 6 quarters. Your asked to reach out to everyone you know move over as many assets as possible and then once that is done they want you out the door. They will sing your praises right out of the start gate and forget about you when times get tough. There are also ethical issues that you will have to look the other way when you know someone is just doing something to make a quick buck and when you bring it up to corprate they tell you to mind your own business and not worry about what other reps are doing. do yourself a favor and keep looking its not worth it.

    Advice to ManagementAdvice

    All of your employees are on a really nice salary except for your financial professionals and I dont know how you can be proud of a retention rate of less then 30%

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    Paid Time Off/Sick policy is POOR

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Prudential

    Pros

    The name recognition. Due to company size, you can move up or go lateral.

    Cons

    Paid Time Off is much less than what other companies provide. To make it worse - your Sick time is deducted from your Paid Time Off! I have never known any company, especially those comparable to Pru, to do this.
    For those with children who need to take such time to care for children, this policy greatly impacts them. How is this Work/Life balance? How is this equitable to those without children? And Sick Time deducted from Paid Time Off - really?

    Advice to ManagementAdvice

    Before claiming to be conscious of Work/Life balance and families, first review your policies...change them. See what other companies do so you can rectify your pratices.

  7. 3 people found this helpful  

    Closed culture and lacking transparency.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Professional Associate in Sartell, MN
    Former Employee - Financial Professional Associate in Sartell, MN

    I worked at Prudential full-time (more than an year)

    Pros

    The offer some very good products in the life and annuity product mix. Training was not bad.

    Cons

    Office culture was closed, possibly due to 90% turnover. Hard to get good advice or mentorship. Compensation was cryptic and overall transparency was lacking from top to bottom.

    Advice to ManagementAdvice

    More transparency and honesty.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 3 people found this helpful  

    Good & Bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst in Newark, NJ
    Former Employee - Financial Analyst in Newark, NJ

    I worked at Prudential full-time (more than 5 years)

    Pros

    great benefits, gym on site, great perks like discounts.

    Cons

    *NO WORK LIFE BALANCE FOR THOSE WHO ARE IN ACCOUNTING/FINANCE:
    Im not sure why they keep making the list when it comes to work life balance. There is non for mid management and under, When they have those polls, they are interviewing VP's not the majority of the staff. They need to go talk to the finance folk.
    *People are being laid off to make the bottom line numbers look better. I sat in a meetinng where the Chief Diversity Officer stood there and said, "instead of pushing people out of jobs, we should find the right fit for people" . This same person came from off her honeymoon and laid people off in her own department because she was following orders...Where are those values that she came to Prudential with now?
    *it's not what you know once your in the company...it's who you know.

    Advice to ManagementAdvice

    *start caring about your employees, if they are burned out, how can you as a company be productive and move forward?

    Please train the managers and directors on how to do their jobs, not on extra curricular activities...they need to know their actual job function in and out because in some areas, they are the pulse of a department.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Needs Work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Prudential full-time (more than 3 years)

    Pros

    Co workers made working a delight

    Cons

    Departments treated differently and held to different standards.

    Advice to ManagementAdvice

    Get it together.

  10.  

    One-Ended Deal - OKAY if you're brand new.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Professional in Philadelphia, PA
    Former Employee - Financial Professional in Philadelphia, PA

    I worked at Prudential full-time (less than an year)

    Pros

    The wonderful thing about Prudential was the high caliber of people employed at Agency Distribution level.

    The branding is an asset, as are the health benefits.

    7-14% Bonus to make up for the other half of broker commission, and the Cubicle Leasing Fees.

    Loyal Orphaned Leads

    Cons

    In my experience, I was hired into an office with a recently demoted Manager of Financial Services who was not replaced the entire 9 months I was there. I was provided mentoring by a brand new "Manager in Training," who did his best, but who was out on the road selling all day himself.

    Prudential's compensation is vague - what you'll get paid on, etc. They have you e-mail a human FAQ who gets back to you within two days with a general answer. There is no phone number, nor is there anything concrete in their compensation handbook. You really have to be obsessive/compulsive about getting paid.

    My office also had an odd location - a county in a state which bordered other states West, East, and North. We did not receive leads in a radius, which caused us to drive hours, which in turn, limits the "number game" of seeing enough clients.

    As a broker, you can buy leads ~$200/mo, and get paid $6000 at 100% street commision.
    As an agent, leads are provided, get paid $3000 at 45-50% agent commission, and PAY $400 per month to lease your space.

    As if it wasn't enough that you work directly for, and are captive to Prudential, they take half the commission given to someone who has no loyalty (broker,) then pay $400 per month on top for "Agency Support Fees."

    Luckily, there is a lower $300 support fee, where you enjoy the top of your desk, but they lock the drawers, in a mostly empty office.

    Essentially, if a Broker makes $100k, they keep their book of business and can sell other products at full commission.
    In the above example, you make $50k, you do not own your book of business, and you cannot sell any other products, except for a Sponsored Outbrokerage program, from which they take roughly half the commission as well.

    That's $50,000 you lose for being captive over a broker, and $4800 you PAY for the agency support. There's plenty of money to be made - just not on the side of the agent.

    Advice to ManagementAdvice

    Half of broker commission PLUS an agency support fee is insulting. Take a good hard look at yourself.

    The recruiters, and Managers-in-Training get nothing but disappointment as they are stood up almost daily due to Social Networking exposing the tight pockets of Agency Distribution. I'm so sorry for them.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Unsatisfied

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Prudential

    Pros

    Work from home available when needed

    Cons

    HR policies are not followed

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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