Peoples United Bank Reviews

I have been working at Peoples United Bank full-time

Pros – - 401K (4% employer match)
- PTO
- 12 Paid Holidays
- Disability Benefits
- Employee Discounts/Benefits

Cons – - Extremely low pay
- Do not get recognized for good work (instead, have to pick up after slackers)
- Limited growth, more responsibility = same pay
- Those who are obviously not working, do not get held responsible
- Favoritism, some employees have "special arrangements" while others do not

Advice to Senior Management – - Pay good/educated employees more
- Cut out the waste and hire employees who actually work
- Put better qualified people in management positions

Yes, I would recommend this company to a friend

I have been working at Peoples United Bank full-time for more than a year

Pros – The money is very good. They have a good work/life balance.

Cons – Pressured to sell accounts with no support. It's difficult to convince people to change banks if they're happy with their current one. Petty issues, co-workers are not to be trusted, management has no issues with co-workers throwing people under the bus, management always wants to know about your personal life and they grill other employees to dish the dirt. Brown nosers are valuable here. If you have no problem selling people out, work here.

No, I would not recommend this company to a friend

I have been working at Peoples United Bank part-time for more than a year

Pros – great people to work with. plenty of great competition. loyal people.

Cons – had to almost leave to be given my promotion. turned into a sales company.

Yes, I would recommend this company to a friend

I have been working at Peoples United Bank full-time for more than 7 years

Pros – Generally a good place to work

Cons – Growth seems to be not thought out strategically.

Advice to Senior Management – Reconsider mid management assignments

No, I would not recommend this company to a friend

I have been working at Peoples United Bank full-time for more than 7 years

Pros – 401k - they will match up to 4% of your own contribution.
Paid time off - holidays off
Hours - 8:30-5

Cons – Pay is low - They don't care if you have a college degree or experience. You will only get paid well if you are a VP or SVP.
It is all about seniority - seniority always comes first - not experience.
Company doesn't care about loyalty and hard work.
Promotions are very rare.
Pay raises for yearly reviews are pathetic and a slap in the face.
Benefits aren't that great. Only thing that is good is Vision coverage.

Advice to Senior Management – Pay your employees better and they will want to stay with the company.
Better benefits.

No, I would not recommend this company to a friend

I have been working at Peoples United Bank full-time for less than a year

Pros – Stable hours and decent benefits. They provide paid training as well as ongoing on the job training. You are encouraged to learn skills beyond your job field.

Cons – Unreasonable sales goals in some markets. Little encouragement to move up within the company. Also, recognition for accomplishments really aren't encouraging if they happen at all.

No, I would not recommend this company to a friend

I have been working at Peoples United Bank full-time for more than 10 years

Pros – Growth opportunities all over New England and NY metro area. Retail banking provides you with strong foundation of financial products knowledge and offers many paths.

Cons – Uncertainty of direction of company

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

I worked at Peoples United Bank full-time for more than 7 years

Pros – 401k Match
Employee Shared Ownership Plan. Company provides you with shares of the company based on your tenure

Cons – Low Paying.
Unrealistic Goals.
Incompetent Middle Management
Lack of competitive products.
Favoritism is huge factor for promotions

Advice to Senior Management – Get your head out of the clouds and see what goes on in the branches.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

I have been working at Peoples United Bank full-time for more than a year

Pros – Highly competitive salaries, good people to work for.

Cons – Transferring between departments is difficult.

Advice to Senior Management – NA

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

I have been working at Peoples United Bank full-time for more than a year

Pros – great job environment; no personal goals in retail, only as a branch; good starting pay

Cons – harder to move up and if you are in the state other then CT there are really no job variety.

Advice to Senior Management – Appreciate retail employees more and take some time with reviews and honor them

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company