Pershing Jobs & Careers in Jersey City, NJ

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Pershing Reviews

99 Reviews
2.7
99 Reviews
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Recommend to a friend
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Ron DeCicco
12 Ratings
  1. 5 people found this helpful  

    One long frustrating experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  Jersey City, NJ
    Current Employee - Vice President in Jersey City, NJ

    I have been working at Pershing full-time for more than 5 years

    Pros

    It's better than being unemployed.

    Cons

    I work in the technology division and the management (and the majority of employees) are completely out of touch with reality. The products are badly designed and the execution is even worse - the fundamentals are regularly ignored (if they have ever been learned) and it's a joke to even contemplate the idea of "best practices" or "centers of excellence". We are constantly pulling back production changes because of terrible design and non-existent testing. (And good luck there if you EVER think there is going to be a root cause analysis for whatever debacle people are cleaning up, and NO CHANCE for the person causing the mess to lose their jobs over incompetent performance.) There are a few solid, helpful people who want to do good work and want to take pride in their jobs, but the perpetual beat down with substandard execution to projects and an "I don't care if it works or not, it's going to make the deadline" philosophy is soul crushing. On top of it, there are perpetual, quarterly rounds of layoffs and long timers (who know where all the bodies are buried, so to speak) are being pushed out with no continuity plans, so you can kiss goodbye to understanding any of the downstream effects of code changes. If you want to feel good about coming into work each day, this is not the place for you.

    Advice to ManagementAdvice

    Toss out the entire technology management team and start fresh with people who 1) are qualified, 2) care about putting out an application that works, and 3) understand how to communicate. Pershing senior management is always talking about values and best practices - well, put your money where your mouth is and start implementing 360 reviews (what company of this size/caliber DOESN'T have you review your manager/colleagues as part of the annual process??) and actually take a look at what's going on, rather than rely on bs "scorecards" that are manipulated to make the abysmal results look somewhat palatable. It's a disgrace in the difference of what is being reported and what is being executed. Sr management seems to want to micromanage in all the wrong places and is letting the overall division flounder. Get on top of the people that are being hired, the caliber of most of the development team is tragically under qualified. And it would be a pleasant change to have a long-, medium-, and short term strategic plan in place.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO