Pershing

  www.pershing.com
  www.pershing.com

Pershing Reviews

Updated December 4, 2014
Updated December 4, 2014
110 Reviews
2.9
110 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great place to work and learn technology. They are number #1 in what they do.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Team Leader in East Brunswick, NJ
    Current Employee - Team Leader in East Brunswick, NJ

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

    Pros

    Very good manager. Learned lot of new things and technology.

    Cons

    Was not easy to get promotions.

    Recommends
  2.  

    Great people but work can be boring.

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

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

    Pros

    Everyone was extremely nice and helpful. They provide good training and rarely make you work over 40 hours a week. It's a good place for college students to get experience.

    Cons

    Many of the positions are data entry jobs which can get boring. There is not much room for individual growth in the company and promotions are somewhat rare.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    Stay away at all costs

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

    I have been working at Pershing full-time

    Pros

    Vacation allotment is generous after three years. You will probably have the chance to meet and work with some wonderful people who work very hard and really care about what they do.

    Cons

    Absolutely no career path exists here. If you are in Operations, (trading, reconciliation, account maintnenance) prepare for no work/life balance, low pay, terrible raises, and forget about a bonus. It is very difficult to get promoted, as few opportunities arise, and when they do there is massive competition for them. Upper management has no idea how the work gets done and only gets involved when there's a problem, at which time they offer nothing in terms of a solution. Operations employees and their supervisors and managers are overworked, undervalued, and underpaid.

    Advice to ManagementAdvice

    Stop brutalizing your operations teams. They are the backbone of your business and the ones who serve your clients day after day. Do something about the tidal wave of talented individuals going out the door and taking their knowledge and skills with them. Stop promising clients deliverables that aren't realized, leaving the ops folks to clean up the mess.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    Never Again

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Pershing

    Pros

    Secure job, very difficult to get fired. Work-life balance is minimal.

    Cons

    Working here is torture. Tons of work with no pay. Benefits are slightly better than awful. Managers micro-manage. I was given 4,000 in raises in 4 years.

  6. 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
  7.  

    Great building to work in, many opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Processing Associate in Lake Mary, FL
    Current Employee - Customer Processing Associate in Lake Mary, FL

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

    Pros

    The benefits and career opportunities are great

    Cons

    Like every office some managers are better than others

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Summer Hire Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Hire Program in Lake Mary, FL
    Former Employee - Summer Hire Program in Lake Mary, FL

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

    Pros

    The people here are great. Extremely helpful and really put in the effort to teach your the correct ways. Positive overall internship experience.

    Cons

    Because you are subcontracted through a third party, you are only allowed to work a maximum of 35 hours a week. Some departments you could be placed in are quite dull and uneventful.

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 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
  10.  

    Best experience at Pershing, a company of BNY Mellon.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in Lake Mary, FL
    Former Employee - Project Manager in Lake Mary, FL

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

    Pros

    Was able to explore several areas of the business and was given a lot of opportunities to be a leader.

    Cons

    I wish I had more time to take on larger assignments.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Great learning experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mutual Funds Transfers in Lake Mary, FL
    Former Employee - Mutual Funds Transfers in Lake Mary, FL

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

    Pros

    great company, wonderful employess, and great benefits and vacation time.

    Cons

    extensive interview process, difficult to change departments.

    Advice to ManagementAdvice

    keep up the good work!

    Recommends
    Positive Outlook
    Approves of CEO

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