First Commonwealth Financial Reviews

Updated January 16, 2015
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2.7
15 Reviews
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First Commonwealth Financial President, CEO, Director T. Michael Price
T. Michael Price
7 Ratings

Employee Reviews

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  1. Great place to learn and work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Secured Credit Analyst in Indiana, PA
    Current Employee - Secured Credit Analyst in Indiana, PA

    I have been working at First Commonwealth Financial full-time (more than a year)

    Pros

    environment, PTO, improving technology, knowledge management and co-workers

    Cons

    upward potential, workload can get overwhelming at times, pay

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
  2. Making Upper Management Come...First

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

    I have been working at First Commonwealth Financial full-time (more than 3 years)

    Pros

    Got to learn how to please uppe management
    They took me out to dinner occasionally, after I satisfied their needs
    They gave me a Blackberry, which demonstrates my alpha male status and helps impress the females

    Cons

    Low wages, compared to Lending positions at other Banks
    Very political--new people receive better benefits (free hotel) and advance within the bank much quicker if they know someone who works here
    Bathroom always smells foul
    Coworkers are not goat friendly
    The women do not always appreciate my advances, even though I am very desireable
    Occasionally get groped--by a man...

    Advice to ManagementAdvice

    Start paying and treating employees the same as other banks do or you will continue to be seen as a bottom feeding bank.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. Not bad

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

    I worked at First Commonwealth Financial part-time

    Pros

    Since it's a smaller bank, it's much easier to make connections to higher ups than at say PNC. The CEO is a great guy (know him personally), and it would certainly pay to get to know people higher up than you. I think this would be a solid place to start off at

    Cons

    Not certain how easy it actually is to move up in the bank unless you know higher ups. The pay is definitely pretty crappy (in my opinion). The Indiana office is a pretty gloomy place to work in. From what I've heard, the Pittsburgh office has a better atmosphere, but Indiana has closer connections to higher ups.

    Advice to ManagementAdvice

    Create a better working environment in the Indiana office. Make pay more competitive

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful

    Blah....That's all I have to say. Starts out fine until they know they have you then they use the crap out of you.

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

    I have been working at First Commonwealth Financial full-time (more than 3 years)

    Pros

    Decent co-workers, but many of them whine and moan all day about the temperature or little things
    Flexibility with work schedule
    Decent amount of vacation days (17 days until you have been here for 10 years, then you get a whole five more)

    Cons

    Salary is decent to start out but very little incentive to continue working here. They may recognize you at 5 years in but you get nothing but a pat on the back and a Keep it up. In today's economy 5 years is turning into more of a big deal with people bouncing from job to job, they need to think about rewarding their employees more often and with rewards employees actually want.

    NO COMMUNICATION!!! Well, there is some but it is totally ineffective. Many times they just talk at us and talk up the bank like we are customers they are trying to reel in. I mean come on, we already work here, we don't need the sales pitch.

    Supervisors have a bad attitude that trickles down to the employees. The employees should not have to be the ones trying to build morale, that starts at the top and works it's way down. Morale here sucks!!!!!! There is so much turnover in this department and they don't see that it starts with them. Maybe if they spent more time on the interview process instead of hiring any Joe Shmoe that walks through the door right out of college, just maybe they would have a full staff for a longer period of time. No one wants to come to work.

    This is not a "family". It's everyone for themselves and management does not care about employee development. They are so focuses on their financial goals and their own personal pocketbooks that they fail to see the people busting their butts on a daily basis to earn them their bonuses at year end. And the values here....psshhh, don't even get me started; it's the most ridiculously selfish place I've ever experienced.

    They say there is room for growth and potential to "MOVE UP", yeah right. Not unless you are a 20-something year old male and work in the Pittsburgh office. If you want to "be somebody" you have to work in Pittsburgh.

    Advice to ManagementAdvice

    Pay attention to your employees and try to develop them, maybe then there wouldn't be so much turnover in certain departments and your employees would actually enjoy coming to work. Each employee has a personal life outside of the bank and maybe they don't want to spend every waking hour working on credit packets just because the end of the year is getting close. Maybe you should actually reward employees for a job well done with an extra vacation day or two rather than a pat on the back. Give employees some incentive rather than just pounding them with statements about what needs done. We are all PEOPLE you know, so treat us that way. It's exhausting to come to work everyday knowing that we are just going to get lectured even though we are doing everything in our power to do our jobs correctly and well.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6. The company has good benefits but it is hard to move up the ladder.

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

    I have been working at First Commonwealth Financial part-time (more than 3 years)

    Pros

    401k, vacation, stock options. Everyone at the branch level is very helpful and the training program is improving.

    Cons

    You can't move up the ladder and a lot of favoritism. Even if you make it to the next level they start you with the lowest pay compared to the new hires. Mortgage and Investment partners are horrible and hardly care about your referrals. The branches are short staffed and work life balance is a problem most of the time. Part time employees are not respected. The IT systems are not efficient that increases the work load.

    Advice to ManagementAdvice

    Provide better training programs, offer competitive salaries and occasional appreciation would be helpful.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 2 people found this helpful

    Hostile work environment. Highly political culture.

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

    I worked at First Commonwealth Financial full-time (more than 5 years)

    Pros

    Salary was decent albeit not up to market standards, but had to fight for bonuses every year. Some flexibility with regard to work schedule.

    Cons

    Staff is very fearful of the politics, so there are a lot of people who just say yes. and don't challenge the status quo. The culture is backwater and unsophisticated. Male dominated environment. Lots of back-stabbing in upper management, which filters down throughout the entire organization. An awful place to work!

    Advice to ManagementAdvice

    They talk a good game, but when it comes to practice those words are empty.

    Doesn't Recommend
    Negative Outlook
  8. 1 person found this helpful

    Good place to start out

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

    I worked at First Commonwealth Financial full-time

    Pros

    There are great learning opportunities to and people very willing to help. If you are the kind of person that is willing to work hard and sacrifice salary for experience and exposure to senior management then this is a great place to learn.

    Cons

    Salary is not competitive with peer banks and the training programs could use some improvement and formality.

    Advice to ManagementAdvice

    Make sure that all of your employees are on the same page. There tends to be a disconnect with what management is thinking and what employees think they should be doing. There are a lot of layers of management, use them to make sure everyone has the same information and communicate that employees are not confined to a rigid job description.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. Horrible HR Department

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

    I worked at First Commonwealth Financial full-time (more than 10 years)

    Pros

    Will be sold in the near future now that IT has been converted and ESOP eliminated. Current president is from Ohio and hasn't relocated!

    Cons

    Worst HR department I have ever dealt with. HR executives are incompetents. HR reps are clueless at best and highly unethical at worst. Managers are not trusted with any HR responsibilities. Everything has to be run through HR reps.

    Advice to ManagementAdvice

    Outsource HR. Promote ethical behavior at all levels of management. Stop restructuring constantly, eliminating positions has not increased profitability over the past 15 years. Stock price is still 50% less than when consolidation started.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. Good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Associate in Pittsburgh, PA
    Current Employee - Financial Services Associate in Pittsburgh, PA

    I have been working at First Commonwealth Financial part-time (more than a year)

    Pros

    Lots of training when new processes happen.

    Cons

    Little ability for advancement; Expensive benefits

    Recommends
    Positive Outlook
    Disapproves of CEO
  11. 1 person found this helpful

    Working here will ensure that it is in fact your "Time to be First"... out the door

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Credit Analyst in Pittsburgh, PA
    Current Employee - Credit Analyst in Pittsburgh, PA

    I have been working at First Commonwealth Financial full-time (more than a year)

    Pros

    --Better than slavery
    --Bonus perk: Management is indifferent to employees whisteling "Careless Whisper" by George Michael while at work

    Cons

    --Poor compensation for job positions compared to other bank's in the area
    --Inadequate training, yet management expects performance
    --Mediocre benefits

    Advice to ManagementAdvice

    There's a reason the employee turnover rate is so high--other Banks simply pay more for the same work.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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