Bessemer Trust Company

www.bessemertrust.com
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Bessemer Trust Company Reviews

Updated February 20, 2015
Updated February 20, 2015
23 Reviews
3.5
23 Reviews
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Bessemer Trust Company CEO Marc D. Stern
Marc D. Stern
7 Ratings

Employee Reviews

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  1.  

    Great place to work

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

    I have been working at Bessemer Trust Company

    Pros

    Good People to work with

    Cons

    Slow career progression across the entire company

    Advice to ManagementAdvice

    none

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Solid company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Client Advisor in New York, NY
    Current Employee - Associate Client Advisor in New York, NY

    I have been working at Bessemer Trust Company full-time (more than a year)

    Pros

    Medium Size, Interesting Clients, Friendly Atmosphere

    Cons

    Pay is below market rate in wealth management

    Advice to ManagementAdvice

    Provide more financial incentives for employee performance.

    Recommends
    Positive Outlook
  3.  

    IT Staff Over-worked and Under-paid

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

    I worked at Bessemer Trust Company

    Pros

    Good benefits, smart people, work space being remodeled.

    Cons

    IT staff is overworked and stressed from trying to do too much without sufficient resources. Senior management wants first-class results but doesn't want to hire enough people to make that possible, so everyone works overtime without compensation. Raises are pathetic. The knives are out so CYA,

    Advice to ManagementAdvice

    Be careful not to take on your clients' disdain for working people. Value the tremendous loyalty and dedication of your employees. Hire enough IT staff to create the first-class infrastructure you want. Share the wealth. Stop playing the blame game.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Good Company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY

    I worked at Bessemer Trust Company full-time (more than 8 years)

    Pros

    Profit Sharing, Bonus, Medical...lots of perks

    Cons

    Lots of back-stabbing people, gossip

    Advice to ManagementAdvice

    Nothing

    Recommends
    Positive Outlook
    No opinion of CEO
  6. 3 people found this helpful  

    Dead end job, but family oriented

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

    I have been working at Bessemer Trust Company full-time (more than 8 years)

    Pros

    Most of the people have been at the company for 20-30 years and this is there last stop. The company is stable and if you have kids it is a wonderful place to work.

    Cons

    There is absolutely no room for advancement! Don't come here expecting to get promoted when you do well or getting paid market. Literally someone has to die for you to get promoted. If you don't have any kids, don't expect to get the same treatment for time off.

    Advice to ManagementAdvice

    Promote more from within and pay your employees better and they might stay...

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 3 people found this helpful  

    Peaceful and Good People. Stodgy and Stifling Environment. Terrible HR department.

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

    I worked at Bessemer Trust Company

    Pros

    Marketing department is run democratically, and meetings are open and productive. The head of marketing and my supervisor were so great to work for. Exemplary.

    The cafeteria is nice and the food cost is subsidized.

    Good number of female hires.

    Decent benefits.

    Nice people. Liked all my coworkers.

    Cons

    HR department is THE WORST I've ever worked with. Disrespectful, irresponsible and two faced when it comes to negotiations. Really appalling experience.

    Old-fashioned company for better or worse. You really feel like you've entered a time warp where people are still living in the 90s because of their resistance to internet culture.

    You'll feel like you're working in a bubble. The employees are complacent, not motivated to be innovative because there is no room for it.

    The people are nice but stuffy and uptight. This is mostly an attitude that trickles down from management.

    Advice to ManagementAdvice

    The HR department needs to get its act together and treat employees and candidates with RESPECT. Can't believe some of the people in that department.

    Loosen up! Embrace the century you're in.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8. 3 people found this helpful  

    Changes ahead?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Administrative Assistant in New York, NY
    Current Employee - Administrative Assistant in New York, NY

    I have been working at Bessemer Trust Company full-time (more than 3 years)

    Pros

    There have been some recent changes at the top which will hopefully bring Bessemer into the 21st century. Most people do not work long hours. Benefits are decent but were recently changed to more cost to employee. People are friendly.

    Cons

    Annual salary increases are no more than a cost-of-living raise. Bonuses are small by industry standards. You'll have to ask for a raise or promotion. Your experience at Bessemer will LARGELY depend on which group you work for and who you report to. Some people are great and others, well, not so much.

    Advice to ManagementAdvice

    Continue shaking things up.

  9.  

    Assistant Vice President - IT

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

    I have been working at Bessemer Trust Company full-time (more than 3 years)

    Pros

    Generous owner and Sr management. Above street base salary & benefit, very professional working environment. 100% company paid medical, most employees stay until retired.

    Cons

    may get political due to low turn around rate

    Advice to ManagementAdvice

    HR should have more power and integrate in the annual review process to get the feedback from lower level. Employee works for the company, not just the department manager.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    IT Office - Very quiet but good work life balance.

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

    I have been working at Bessemer Trust Company full-time (more than 3 years)

    Pros

    I cannot comment on the hours in other areas of the company (Client Advisors, Wealth Advisors, etc.), but in the IT office there is a good work life balance. There are good benefits (3 weeks vacation from the start, 4 weeks by your third year).

    Cons

    The office is pretty dead culturally--it is very quiet, everyone does their work and goes home, no one interacts socially very much inside or outside of the office.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Anonymous Intern in New York, NY
    Current Intern - Anonymous Intern in New York, NY

    I have been working at Bessemer Trust Company as an intern (less than a year)

    Pros

    The people at Bessemer Trust Company are very friendly and easy to work with. I would love to be there.

    Cons

    It would be great if there is more interaction between management and interns.

    Recommends
    Positive Outlook
    Approves of CEO

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