Prudential

www.prudential.com
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There are newer employer reviews for Prudential

7 people found this helpful  

Solid portfolio of businesses in state of transition

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

I have been working at Prudential full-time (more than 3 years)

Pros

Mission focused on helping working savers and solving challenges runs deep.
Executive leadership is beginning to focus on removing legacy inefficiencies / obstacles.
Business mix is balanced and has many untapped growth-through-integration opportunities.

Cons

Many control functions and technologies (e.g. Lotus Notes) are stuck in the 20th century.
Maintains an "old school" hierarchy and corporate culture borrowed from bankers brought in from the 80's / 90's.
Acquired companies tend to not blend in easily or integrate fully with Corporate.

Advice to ManagementAdvice

Prudential has a very complex, dated internal business system. Reduce overhead and increase associate satisfaction by simplifying/streamlining that system.

Doesn't Recommend
Negative Outlook
Approves of CEO

725 Other Employee Reviews for Prudential (View Most Recent)

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  1. 2 people found this helpful  

    Good place to learn the financial services industry if you can survive the corporate politics and outsourcing of jobs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Information Security Associate in Scranton, PA
    Former Employee - Information Security Associate in Scranton, PA

    I worked at Prudential full-time (more than 10 years)

    Pros

    Depending on what office location your in, there is plenty of room for you to either grow in your current position or move to another department to learn more. Work life balance is good, but that also depends on who you work for and what department you are in. Support of co-workers is great.

    Cons

    Senior management is lost. Your expected to do the work of two people. Managers/Directors/VP's constantly change as positions are "eliminated" (employees given severance packages), then backfilled by either a replacement off the street or moving another person internally to the "eliminated" position. This is done mostly because someone doesn't like someone. There is a great deal of favoring work friends by management, meaning if an open position is posted, a managers friend who is not qualified would be offered the position vs someone who was qualified (I've seen this happen so many times). Management will, at times, brush issues that are brought to their attention under the rug vs attempting to correct the problem. There is also a great deal of outsourcing that goes on which makes you wonder if your position will be there the next day (they tend to not let you know it's coming 99% of the time). I survived almost 16 years with the company before I decided it was time for a change (on my own behalf), so a long career can be done with them. Compensation is not the best.

    Advice to ManagementAdvice

    Listen to employees concerns instead of making acronyms related to PRU that no one bothers paying attention to.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Still a good company. If they train you.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Professional in Reading, PA
    Former Employee - Financial Professional in Reading, PA

    I worked at Prudential full-time (more than a year)

    Pros

    Products, Orphaned Leads, Benefits, Flexible Hours

    Cons

    They want you to pay an Agency Support Fee, make half broker's commission, but make you do the work of a broker, chasing commissions, faxing papers over and over for weeks. If they fail to scan a paper, you can go without pay for a month easily.

    Advice to ManagementAdvice

    Agency Support Fee? AND half broker commission? Prepare to train other companies' Financial Professionals and Financial Advisors. With the internet, people aren't blind to what street level commission is, and they'll take a cut if they can sell and not sit in the office for hours chasing commissions in paranoia that they'll de-express.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
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