PNC Financial Services Group

www.pnc.com
There are newer employer reviews for PNC Financial Services Group

 

Poor excuse for a Wealth Management offering. Incompetent management

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

I have been working at PNC Financial Services Group full-time (more than 5 years)

Pros

Having a hard time thinking of any due to the disappointment in the company. But there are a few, they have ambitions, but can't execute on them. They are very involved in the community

Cons

Archaic technology, frugal in supply/resource spending.

PNC Wealth Management is by far, the must unhealthy and unprofessional work environment I have been involved in during my 10+ year career. The environment is not only chaotic and driven by drama but it is all filled with gossip obsessed, immature individuals who operate with what they believe is a “cut-throat” mentality but in actuality it is childlike behavior that leads to poor results, lack of production and failed business plans. There is no sense of direction given from upper management which leads to a free for all and a scramble for answers any time an issue arises. The only way to get ahead is to "yes" the under qualified senior management to death. There is a lack of quality employees and work produced which is evident by the fact that clients pull their money out of the bank quite frequently. Management hires with an outsourcing-type mentality- they only hire cheap labor, with a lack of ability in order to give the appearance that the job is getting done. Once the employees catch on to this cyclical pattern they move on or are replaced immediately. There is no room to develop your skills, perfect your art and truly produce quality work because at PNC Wealth Management, they are only concerned with “putting a bandage over the wound” rather than actually healing it. Appearing to produce results is far more important than actually producing results. I would not recommend working here to anyone with an interest in longevity or the ambition to succeed in the Wealth Management business.

Advice to ManagementAdvice

PNC Wealth Management is by far, the must unhealthy and unprofessional work environment I have been involved in during my 10+ year career. The environment is not only chaotic and driven by drama but it is all filled with gossip obsessed, immature individuals who operate with what they believe is a “cut-throat” mentality but in actuality it is childlike behavior that leads to poor results, lack of production and failed business plans. There is no sense of direction given from upper management which leads to a free for all and a scramble for answers any time an issue arises. The only way to get ahead is to "yes" the under qualified senior management to death. There is a lack of quality employees and work produced which is evident by the fact that clients pull their money out of the bank quite frequently. Management hires with an outsourcing-type mentality- they only hire cheap labor, with a lack of ability in order to give the appearance that the job is getting done. Once the employees catch on to this cyclical pattern they move on or are replaced immediately. There is no room to develop your skills, perfect your art and truly produce quality work because at PNC Wealth Management, they are only concerned with “putting a bandage over the wound” rather than actually healing it. Appearing to produce results is far more important than actually producing results. I would not recommend working here to anyone with an interest in longevity or the ambition to succeed in the Wealth Management business.

Doesn't Recommend
Negative Outlook

1313 Other Employee Reviews for PNC Financial Services Group (View Most Recent)

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  1.  

    Great company, branch management could use work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Associate II in Cincinnati, OH
    Current Employee - Customer Service Associate II in Cincinnati, OH

    I have been working at PNC Financial Services Group full-time (more than 3 years)

    Pros

    Great company as a whole. Good values and a place where you can be proud to work. Support outside of the branch level is easy to get.

    Cons

    Some people that have been employees for a very long time are often the ones who don't adapt well to progression and change. They're often the most difficult to work with and unfortunately latch on to their position and do the bare minimum while other hardworking up and comers have to sit by at low salaries and wait for one of them to retire.

    Advice to ManagementAdvice

    Happy employees make happy customers, which make great CIQ scores

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Disappointing Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Training & Development Specialist in Columbus, OH
    Current Employee - Training & Development Specialist in Columbus, OH

    I have been working at PNC Financial Services Group full-time (more than 5 years)

    Pros

    Compensation is competitive, benefits are pretty good. Work arrangements can be flexible. Stated commitment to community involvement and environmental concerns.

    Cons

    Management is ineffective, merit increases are a joke (<2% for outstanding performance?). Short-sighted focus on short-term numbers instead of long-term performance and value. Career opportunities are unfairly applied (playing favorites).

    Advice to ManagementAdvice

    Senior management needs to be aware of the dissonance in their communication -- raving about quarterly/annual results and profits, but giving miniscule merit increases and outsourcing entire departments.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
There are newer employer reviews for PNC Financial Services Group

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