Boston Private Bank & Trust Company

  www.bostonprivatebank.com
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Boston Private Bank & Trust Company Reviews

Updated August 5, 2014
Updated August 5, 2014
21 Reviews

3.4
21 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Mark D. Thompson
8 Ratings

Employee Reviews

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  1.  

    The best job I've ever had.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - CSA  in  Boston, MA
    Current Employee - CSA in Boston, MA

    Pros

    Our superiors care about us, and we always have opportunity for growth. No one walks around with their nose in the air. Everyone is equal.

    Cons

    Lack of communication between areas. Bank seems to be quite archaic as well. In need of updating.

    Advice to ManagementAdvice

    Modernize. It is the 21st Century.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Generally nice and mellow work environment, a little bit boring.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Portfolio Manager Associate  in  San Mateo, CA
    Current Employee - Portfolio Manager Associate in San Mateo, CA

    Pros

    Co leagues are respectful to each other and understanding . Mature and old school culture.

    Cons

    People are a little bit boring.

    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    BPB a mid-range bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  San Mateo, CA
    Current Employee - Anonymous Employee in San Mateo, CA

    Pros

    Great work/life balance and excellent colleagues. Not very stressful and good opportunity to learn and pick up new skills.

    Cons

    Very limited room for growth inside the company as folks don't get frequently promoted or assigned more responsibility, with subsequent hit to compensation and earnings potential. Lots of back office politics and poorly defined bonus/compensation structure.

    Advice to ManagementAdvice

    Consider having some senior presence in each market as was the case previously. Having all senior management centered in Boston is not helping the local market.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Small Bank with Small mentality

    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    you can get personalize service and very responsive staff when you know them

    Cons

    High turn over of key employees makes it difficult to maintain relationship specially if you are a big commercial clients. Screwed-up and antiquated philosophy excessively cautious placing limitation of just one loan per customer even if you bring them a very desirable new deal. Do not go to this Bank if you are hoping to build a relationship.

    Advice to ManagementAdvice

    Stay the same if you want to remain small and insignificant.

  6.  

    Deposit Operation Specialist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Deposit Operations Specialist  in  Boston, MA
    Former Employee - Deposit Operations Specialist in Boston, MA

    Pros

    Manager didn't speak much English so you could say whatever you wanted and she had no idea.
    There really wasn't anything good.

    Cons

    Manager didn't speak much English.
    Manager didn't manage her area.
    Work load completely unequal among employees.
    Human resources sides with management no matter what.
    Training was horrendous. We had to train ourselves.
    Cheap, cheap, cheap!

    Advice to ManagementAdvice

    Open your eyes and see what really goes on at your company.

    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Solid firm with a good reputation among clients, but not very innovative and stuck in the late 80s-90s type thinking.

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

    Pros

    Smaller organization that gives you the opportunity to more easily experience different types of private banking products/services

    Cons

    Does not compensate most of its non-sales and non-executive employees well. This is resulting in a brain drain and difficulty with attracting the cream of the crop in the marketplace

    Advice to ManagementAdvice

    Don't just benchmark against the premier financial institutions/banks when it comes to client satisfaction...use the same competitors when constructing compensation packages for employees so that talent can be retained and developed at the firm

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 2 people found this helpful  

    Absolutely loved my time at BPB, for the most part

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Associate  in  Boston, MA
    Current Employee - Client Service Associate in Boston, MA

    Pros

    Company seems very interested in retaining and growing employees, lots of employee functions and get-togethers, very easy to get to know co-workers and ask for help across departments, hours were great

    Cons

    Day-to-day operations were boring, unexciting work, catering to high net-worth individuals was sometimes a pain especially clients that were in a rush (but these experiences were few)

    Advice to ManagementAdvice

    Emphasize more client functions.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Intern in IM&T

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

    Pros

    Interesting work with interesting and intelligent people. Comfortable work environment in the sense that it was easy to communicate with both peers and supervisors.

    Cons

    Limited interaction with other interns, and the intern project was not heavy on analysis. More to do with improving internal lines communication, which is also quite important.

    Recommends
  10. 2 people found this helpful  

    Great Company, Small Salary, Lots of downtime

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Associate  in  Boston, MA
    Current Employee - Client Service Associate in Boston, MA

    Pros

    Good benefits and corporate culture

    Cons

    Very little room for advancement

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  11.  

    Great people, but long working hours.

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

    Pros

    - People are great and easy to work with.

    Cons

    - Long working hours.
    - Low salary to start and difficult to get a raise.

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