Pershing

  www.pershing.com
  www.pershing.com

Pershing Reviews in Jersey City, NJ

Updated November 12, 2014
Updated November 12, 2014
110 Reviews
2.9
110 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Ron DeCicco
15 Ratings

Review Highlights

Pros
  • Work life balance, Environment ,Nature of Job (in 11 reviews)

  • Great Place to work & Less Pressure to work (in 7 reviews)


Cons
  • Unrealistic expectations, no work life balance and poor leadership (in 6 reviews)

  • Congratulations to Pershing senior management (in 10 reviews)

More Highlights

36 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Depends on your goals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst in Jersey City, NJ
    Former Employee - Financial Analyst in Jersey City, NJ

    I worked at Pershing full-time (more than 3 years)

    Pros

    People were generally friendly. 40 hour work week. Good retirement job. Easy to stand out as overall talent level was low. Paid well given the low hours / effort required to succeed.

    Cons

    Can get frustrating dealing with people with little knowledge / perspective outside of Pershing's internal processes. Stifling bureaucracy. Learning plateaus after 2 / 3 years.

    Advice to ManagementAdvice

    Widen the bonus gap between high and low performers. Additional effort was hardly justified as total pay would be impacted by 10% or less.

    Doesn't Recommend
    No opinion of CEO
  2. 2 people found this helpful  

    Bureaucratic Head Shop with Old Stale Technology

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

    I have been working at Pershing full-time (more than an year)

    Pros

    It is a job in NJ with a business casual dress code. You will get to see what bad management and poor leadership looks like and learn from that. Stocked pantry with free coffee to wake you from the boredom. You can make VP very easily if you are a QA tester or just tell your manager what he/she wants to hear.

    Cons

    Old stale technology that is no longer relevant being kept alive by managers with conflicts of interests. Staying at the company too long will make you unemployable in the IT industry due to proprietary technology stack. Managers stick around because of they are unemployable elsewhere so little opportunity for change and advancement. Raises are well below the rate of inflation that is if they are given at all. HR touts diversity but a former CEO dished out money to a bigot like Rick Santorum and other right wing candidates in the form political contributions.

    Advice to ManagementAdvice

    Make decisions based on facts over opinions. Get rid of the silos, enable your employees to collaborate and streamline your processes. Have managers rated by the people they serve including subordinates. Hire new management in HR to shake things up and promote a more empowering corporate culture.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Pershing

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Specialist in Jersey City, NJ
    Current Employee - Operations Specialist in Jersey City, NJ

    I have been working at Pershing full-time (more than 5 years)

    Pros

    Good place to start a career or for those who can handle politics. Great for those who are complacent with careers. Good vacation package. Benefits are OK. Location is great for NJ residents.

    Cons

    Too many managers lack management skills. Opportunities for growth are limited. Takes a long time to get promoted. Technology is outdated. If you are exempt compensation is very low.

    Advice to ManagementAdvice

    Invest in technology.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. 5 people found this helpful  

    One long frustrating experience

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

    I have been working at Pershing full-time (more than 5 years)

    Pros

    It's better than being unemployed.

    Cons

    I work in the technology division and the management (and the majority of employees) are completely out of touch with reality. The products are badly designed and the execution is even worse - the fundamentals are regularly ignored (if they have ever been learned) and it's a joke to even contemplate the idea of "best practices" or "centers of excellence". We are constantly pulling back production changes because of terrible design and non-existent testing. (And good luck there if you EVER think there is going to be a root cause analysis for whatever debacle people are cleaning up, and NO CHANCE for the person causing the mess to lose their jobs over incompetent performance.) There are a few solid, helpful people who want to do good work and want to take pride in their jobs, but the perpetual beat down with substandard execution to projects and an "I don't care if it works or not, it's going to make the deadline" philosophy is soul crushing. On top of it, there are perpetual, quarterly rounds of layoffs and long timers (who know where all the bodies are buried, so to speak) are being pushed out with no continuity plans, so you can kiss goodbye to understanding any of the downstream effects of code changes. If you want to feel good about coming into work each day, this is not the place for you.

    Advice to ManagementAdvice

    Toss out the entire technology management team and start fresh with people who 1) are qualified, 2) care about putting out an application that works, and 3) understand how to communicate. Pershing senior management is always talking about values and best practices - well, put your money where your mouth is and start implementing 360 reviews (what company of this size/caliber DOESN'T have you review your manager/colleagues as part of the annual process??) and actually take a look at what's going on, rather than rely on bs "scorecards" that are manipulated to make the abysmal results look somewhat palatable. It's a disgrace in the difference of what is being reported and what is being executed. Sr management seems to want to micromanage in all the wrong places and is letting the overall division flounder. Get on top of the people that are being hired, the caliber of most of the development team is tragically under qualified. And it would be a pleasant change to have a long-, medium-, and short term strategic plan in place.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 2 people found this helpful  

    A company behind the times

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Relationship Manager in Jersey City, NJ
    Current Employee - Relationship Manager in Jersey City, NJ

    I have been working at Pershing full-time (more than an year)

    Pros

    It's easy to be successful as the overall talent pool is small.

    Cons

    Pershing rewards loyalty above skills and talent. They prefer that you simply stay at Pershing as long as you can. If you fail at your job, they move you to another position. Nobody is held accountable for their actual work, or lack of.

    The most "reactive" company out there. Pershing is decades behind their competitors when it comes to products, services and technology.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Great mentorship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Jersey City, NJ
    Former Employee - Intern in Jersey City, NJ

    I worked at Pershing as an intern (less than an year)

    Pros

    The company is very loyal, according to the many 10 to 20 year employees I met while there. Lots of room for programming energy to be used well.

    Cons

    Slow moving juggernaut of a place. Don't expect to have the latest tools or possibly to even have admin rights.

    Advice to ManagementAdvice

    Create a Software Bootcamp for young coders that is sandboxed away from the "Sensitive Information". You need it and so do we.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    It's a Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Processing Associate in Jersey City, NJ
    Current Employee - Customer Processing Associate in Jersey City, NJ

    I have been working at Pershing full-time (more than 5 years)

    Pros

    Pershing is the industry leader. On a whole the employees are good to work with. They are also good with flexible hours.

    Cons

    The salaries are very low. The promotion process makes you scratch your head every year. It seems like promotions are based on perception as opposed to actual work.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9.  

    Good foundation for career growth/ great deal of resources

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst in Jersey City, NJ
    Former Employee - Financial Analyst in Jersey City, NJ

    I worked at Pershing as an intern (less than an year)

    Pros

    awesome coworkers, mentors were insightful, educational resources for on the job training were very useful

    Cons

    Allow for interns to have more say in placement in program

    Advice to ManagementAdvice

    Listen to employees more with respect to ideas etc

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Frustrating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service in Jersey City, NJ
    Current Employee - Client Service in Jersey City, NJ

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

    Pros

    Competitive Salaries for business roles

    Cons

    Too few resources chasing too much work

    Advice to ManagementAdvice

    Live within your means and do right by your clients.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 3 people found this helpful  

    Worst company in Wall Street

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Jersey City, NJ
    Former Employee - Assistant Vice President in Jersey City, NJ

    I worked at Pershing full-time (more than an year)

    Pros

    Good commute
    Good work from home facility
    Good to relax if you dont want to do any work.

    Cons

    Full of politics
    You can advance only if your manager likes you.
    HR is a big joke.
    Pathetic technology - i bet you won't get a job outside.
    Too many lifers in the company who doesn't let anybody to work

    Advice to ManagementAdvice

    God Bless Pershing

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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