Cambridge Savings Bank

  www.cambridgesavingsbank.com
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Cambridge Savings Bank Reviews

Updated August 5, 2014
Updated August 5, 2014
6 Reviews

3.3
6 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Wayne Patenaude
3 Ratings

Employee Reviews

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  1.  

    Great Benefits, Great CEO, but too political.

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

    I have been working at Cambridge Savings Bank full-time

    Pros

    The benefits and salary are great. They are trying to put more emphasis on treating their employees better with programs like "Best place to work" and putting together committees to improve processes and work/life balance.

    Cons

    It's challenging to get promoted at this company. They are more like to promote people based on who they know and how well they play the corporate game rather than the people who work hard and deserve it.

    Advice to ManagementAdvice

    Stop promoting the 1%.

    Recommends
    Approves of CEO
  2.  

    Loan Servicing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Servicing  in  Arlington, MA
    Former Employee - Loan Servicing in Arlington, MA

    I worked at Cambridge Savings Bank full-time for more than a year

    Pros

    Good benefits in terms of vacation, bonuses and worklife.

    Cons

    Little chance is given minorities, especially blacks.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good people. Non-progressive bank working standards.

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

    I have been working at Cambridge Savings Bank

    Pros

    There are good down to earth people who work here.

    Cons

    Nepotism rules all. The only way to move up is to be blessed with a good department head.

    Advice to ManagementAdvice

    There are quite a few people who are kept at the bank even though they provide no added benefit to the overall business.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Excellent Staff and Great Company Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Service Representative  in  Cambridge, MA
    Current Employee - Loan Service Representative in Cambridge, MA

    I have been working at Cambridge Savings Bank as an intern for less than a year

    Pros

    Great people to work with. Very progressive and dedicated people. Good pay and awesome company culture.

    Cons

    Not having much time as an intern there it would be hard from me to provide an actual review on the cons of senior management. Considering the middle management and staff were great, I'll only assume that executive management is doing something right.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    TERRIBLE

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

    I worked at Cambridge Savings Bank

    Pros

    The benefits is the only good thing

    Cons

    This is the worst bank ever. The management system is a total FAIL. The Harvard Square branch is one of the worse place I ever been to. These people don't care for there employees, everyone want to kiss each other ass. You got managers who DON'T even know how to open a BUSINESS OR CHECKING account, plus instead of doing there work, they are always trying to be in your personal life. You have people who work there getting write ups from managers who LIES for a living. I will never have my accounts there again plus I never advice anyone to work in this bank. TOTAL FAIL

    Advice to ManagementAdvice

    GROW UP and start listening to the "LITTLE PEOPLE" these SO CALLED MANAGERS, don't have no one best interest

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Small bank with big bank complex

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cambridge Savings Bank full-time for more than a year

    Pros

    Above average pay is about the only good thing this place has going for it.

    Cons

    Widget driven business model, incompetent senior management, no focus on relationship banking, systems are dated and ALL your emails are monitored on a daily basis (an Orwellian approach that leads to distrust and paranoia). Also found the culture to be very gossipy. Senior management is very demanding and to make matters worse, it has no idea on how to provide support so that ones sales goals can be achieved (e.g. Very quick to point out what you are not doing right, but provide no advice/support on how to improve.. Their advice is always "just get more accounts"). This place does not genuinely care for its associates (unless you are constantly kissing a**) and is a horrible culture to work for.

    Advice to ManagementAdvice

    Stop thinking and operating like the super regional bank that you aren't

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