Pershing

  www.pershing.com
  www.pershing.com

Pershing Reviews

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

Recommend to a friend
Approve of CEO
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Ron DeCicco
14 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 company to work for

    • 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 (more than 10 years)

    Pros

    Great company to work at provided you know how to manuveur the politics often found in a large organization. They offer many opportunities for growth.

    Cons

    There are too many managers without management skills and who are driven primarily by pleasing the leadership around them which means many times upper management do not know the true issues.

    Advice to ManagementAdvice

    Promotion process needs to be changed because too many managers do not have management skills although the company does offer many courses.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Corporate Culture on Steroids

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

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

    Pros

    Global company; offer splendid benefits; large training program offered; great people to work with; certain areas offer a host of flexible working arrangements; initial salary was solid; Certain members ofTop most management are personable and interested-

    Cons

    Salary increases and bonuses are sad and depressing; Work Life Balance is non-existent; unable to take advantage of the benefits offered; So much work that there is no opportunity to take advantage of the training program offered; Two layers down from Top Most Management to Middle management leave a lot to be desired. Decision making is not their thing causing more problems than they ever solve. They would rather stick their heads in the sand and ask stupid questions, insult their capable staff members and issue Edicts like "they won't quit until after bonus time". They suck you dry

    Advice to ManagementAdvice

    Pay your people; support your people; Grow a backbone; stop acting cowardly to senior most management and client management - state the facts and stop pretending to be transparent- stop setting impossible deadlines - listen to your people and stop expecting the same level of work all the time that is exhibited in "crunch time" - its not supposed to last all year...

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3.  

    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
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  5.  

    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
  6. 1 person found this helpful  

    Slow movement up

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

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

    Pros

    Easy Job, 9 to 5 work hours.

    Cons

    Salaries are a mystery... Growth is slow

    Advice to ManagementAdvice

    Pay your employees

    Recommends
    Negative Outlook
    Approves of CEO
  7. 3 people found this helpful  

    It's a job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Managed Account Reconciliation in King of Prussia, PA
    Former Employee - Managed Account Reconciliation in King of Prussia, PA

    I worked at Pershing as a contractor (more than an year)

    Pros

    Staff is nice. Growing pains from acqusition of PNC's investment arm seem to be over. At lower levels you can walk in, work, and leave worries at the door at the end of the day.

    Cons

    King of Prussia, PA location is in middle of nowhere in a converted warehouse. Pay not competive. Worked as contractor for $20 an hour and refused offer of fulltime employment when it actually broke down to only $14 an hour. HR application process is a bad joke. If the company you worked for 8 years ago is out of business be prepared to search your house for W-2s from 8 years back because they want physical proof for that $14 an hour job. If you have an issue and contact HR they'll run through a laundry list of "Have you tried this?" and when the list is exhausted they'll tell you they'll "get back to you" and never do. No SOP, everybody is doing his own thing that he's cobbled together through trial and error. Software is embarrassingly out of date. Operations being moved to India, tech support is already there.

    Advice to ManagementAdvice

    Quit forcing employees to go to pep rallies for a "brand relaunch" i.e. subtly changing the color of the corporate logo. Write down some actual procedure somewhere, when 5 guys in the trading department quit the positions had to be restarted from scratch because no one knew what they did. You constantly tout your devotion to diversity and inclusion but management is the whitest group of people I've ever seen. Reintroduce the flexible scheduling. Allow more people to work from home. You have a pretty talented workforce, but you constantly try to wear them out and beat them down.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Great people, but too much focus on short-term, tactical efforts.

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

    I worked at Pershing full-time

    Pros

    I met and worked with some great people during my time at Pershing. Also had the opportunity to work on varied and interesting projects. Great transparency and communication from C-level down thru Sr. Management

    Cons

    Very tactically focused. Difficult to drive change and innovation.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9.  

    Pershing, a Great Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Lake Mary, FL
    Current Employee - Assistant Vice President in Lake Mary, FL

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

    Pros

    Pershing offers extensive and ongoing training as well as the opportunity to grow outside of your area of hire. Pershing is an excellent place to work for the high achiever looking to be recognized for a job well done. Diligent and consistent work ethic will be awarded with fair compensation and bonus levels. If you are a steady performer and not looking for raises every year that is fine as well. Pershing also values employees who are committed to producing for the firm and are willing to commit to their daily processing areas as long as the customer is held as the number one priority.

    Cons

    As is customary with most financial firms your work and life balance will likely degrade as your compensation and status within the firm increase. Be prepared to be unsettled in your role if your are not consistently over achieving as the firm is in the process of shipping jobs overseas.

    Advice to ManagementAdvice

    In the midst of outsourcing, do more to assure top performers of their value to the firm. Compensation is not always required, however reassurance in job security may go a long way.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Beyond Challenging

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President - Development Manager in Florham Park, NJ
    Former Employee - Vice President - Development Manager in Florham Park, NJ

    I worked at Pershing full-time (more than 10 years)

    Pros

    Great people, very challenging work, very fast pace, fair compensation.

    Cons

    Due to continual "downsizing" and "outsourcing" the workload has really become unrealistic on both the business and technology teams. Being able to "do more with less" eventually hits a wall and it becomes very difficult to grow new business, properly attend to new customers, and also meet the regulatory deadline crunches.

    Advice to ManagementAdvice

    Your people are your greatest assets. Treat them as you would treat your customers - give them the tools and resources to do their job.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    20th Century Technology, Hierarchy, Process and People

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

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

    Pros

    Industry Leader, Stable Parent Company, Professional Setting, Professional Staff, Good Training, Challenging Work

    Cons

    Antiquated Organizational Hierarchy, Bloated Process Bureaucracy, Entrenched Career Incumbents, Acute Risk-adversion, Unimaginative and Uninspiring Ethos

    Advice to ManagementAdvice

    Execute on the promise of a more agile and innovative ‘technology’ organization. Take action to deliver on the strategy set-forth in town halls and external speeches. The senior directors directly below the C-levels are mostly aging 'lifers' who have never worked outside the company or have never had to compete in an innovative environment. My observation is that most of the directors have never initiated and executed new solutions to meet new business problems and opportunities (i.e. - Innovation). They are good, however, at requiring staff to create endless one-off administrative spreadsheets, paper-based forms, un-needed project artifacts, arbitrary directives, circular sign-off requirements and defending the "we don't do that here" mantra. In addition to cleaning the obsolescence at the directorship level, liberate your IT department to innovate. Not just with the obligatory ‘innovation’ contests, look to create of culture of innovation. Take a page from silicon valley based companies and flatten the IT org structure, adopt agile software processes, eliminate needless middle-men and paperwork, empower and reward the creators of the technology. Take steps to mold the culture into a 'real' technology company --for example relax the Jos. A. Bank attire for IT staff and upgrade the drab-grey, 1970’s cubies equipped with a single 17” inch monitor with twenty-first century workstations, collaboration tools, eWhiteboards, webcams, etc.

    Recommends
    Neutral Outlook
    Approves of CEO

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