There are newer employer reviews for Sovereign Bancorp

Good place to work

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Assistant Manager in Lowell, MA
Current Employee - Assistant Manager in Lowell, MA

I have been working at Sovereign Bancorp

Pros

A lot of room for advancement. The more you hustle the more you get paid. Good PTO for all employees.

Cons

lot's of pressure on all team member levels. focus is on a lot of different things at the same time. could use more help

Advice to ManagementAdvice

Hire more help for the branches. Give more training to those who need it. Less confrence calls for team memebers.

Recommends
No opinion of CEO
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  1. 2 people found this helpful

    Not very organized

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

    I have been working at Sovereign Bancorp

    Pros

    It pays the bills, but it's not the best place to work. Its nice to be working, and the heat works. They also have a pretty good cafeteria.

    Cons

    Benefits and pay are not good at all. They are haphazard with projects. Not very organized at all. No tuition reimbursement for 18 months. Spanish is the highest priority for qualification.

    Advice to ManagementAdvice

    Have a plan. Organize operations so that you know what is going to happen and when. Instead it seems like projects start and you hope they come out the way you want. Over schedule and over budget is more like it.

    Doesn't Recommend
  2. 2 people found this helpful

    Absolute disaster, morale as low as I've ever seen at a company, benefits a joke

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Harrisburg, PA
    Former Employee - Anonymous Employee in Harrisburg, PA

    I worked at Sovereign Bancorp

    Pros

    Was paid fairly for my responsibilities

    Cons

    Employees spend all their time talking about how bad it is to work at Sovereign, cost of benefits is really high, no feedback or direction from senior leaders, unrealistic goals, senior managers are all ex-pats and have no interest in knowing how banking works in the United States. Total cookie cutter approach to banking. Goals and direction of the company constantly changing.

    Doesn't Recommend
    Disapproves of CEO
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