Prudential Investment Management Reviews

Pros

hours are flex, no overtime

Cons

low pay, no growth oppotunity

Advice to Senior Management

improve transparency in communication

Pros

There is a Good Work Life Balance.

Cons

Low Pay compared to other similar companies. Only friends of hiring manager get promoted.

Pros

Good work life balance, and good location.

Cons

No competitive pay, promotional opportunities are politically motivated, not based on merit, very high turn over.

Advice to Senior Management

think externally for talent, and do not withhold promotions simply because a person "hasn't been at Pru long enough".

Pros

Days off, benefits, 401k, thats it.

Cons

Absolutely no opportunities for growth, management gives out promotions based on how long you have been with the company as opposed to your performance. Current structure is such that for you to get a promotion, a person(s) above you should leave; and with 99% of management or senior associates not leaving, you would need to wait for 3 years for a promotion, and a promotion to a senior associate comes with a $3000 raise, less than a bonus, which is pathetic itself.

The only good thing could be you getting in here, getting some experience and moving out either to another group or another company.

Advice to Senior Management

Look into the structure of the group, promote people who do good work not those who have been around the longest, encourage more mobility within the company, pay good bonuses, the current ones are like a spit in your face.

Pros

Easy and Friendly with good teamwork

Cons

Trying to save on costs and giving senior people silly trivial jobs

Advice to Senior Management

Spend more on admin support

Pros

Good company reputation; strong work/life balance

Cons

Terribly bureaucratic; more gets done to satisfy bureaucrats than to move the business forward

Advice to Senior Management

Cut through the red tape & let people work

Pros

Name recognition is good. Finding time to meet with clients between and after required meetings is difficult. Several good product offerings. Wonderful back office support.

Cons

You will starve to death. $4-600/week for the first 12+ weeks, gross. If you can pay the bills on $800/mo. you may make it through phase one. Be prepared to slpit commisions on your sales for the next 1-2 years. MDRT

Advice to Senior Management

Be upfront about the pay, durring the first twelve weeks. Provide recuits with real income. Require them to work for veterans; doing the paperwork, research, prep, and leg work, for an MDRT split or marketing assistant pay. This would offer more income and valuable training and insight.

Pros

I started working for Pru right after college, they pay pretty well in comparison to other companies out there. They have great benefit options and good amounts of vacation days, but that's about all I can say about their good qualities.

Cons

The saddest part I found about Prudential was the employees, at least the ones that I worked with all seemed to dislike their jobs. I also found that corporate culture wasn't very positive, very few people took leadership roles and I was somewhat disheartened to even try to take on some. Just coming out of college I expected a different attitude from people (at least more positive). I found that the technology in the company was very outdated. My job function required me to be on the phone for good part of the day and the company didn't even provide headsets to their employees. The actual trade management systems are very old and outdated, many of the external companies we dealt with such as Goldman, Bank of America, TD ext had way better procedures and systems. Some of the management were competent, but other managers had very few good management qualities. You can tell they were just placed there because they have been with the company for a long time, not because they were good candidates for management.

Advice to Senior Management

Advice I would give to senior management is to spend more money on technology, because its almost ridiculous that you try to compete in today's business world using outdated systems like the ones we had. Also get rid of lotus notes and switch to outlook like everyone else in corporate America.

Have more training available to managers or hire managers from the outside who have the aptitude for management.

Pros

The people you work with. The support groups work well together and overall have a good time getting the job done.

Cons

The benefits and compensation has been cut. Not sure that they are much better than many start-up company's now. No real pension anymore, just a cash balance and 401K plan. Post Retirement medical is gone for anyone under 40. Unless you are a Senior VP you don't really participate when the company has a good year. You do participate when the company has a bad year. Many of the top guys in the business groups treat the support groups like trash.

Advice to Senior Management

Start looking at making the compensation plans refect company results and not how management thinks the pie should be cut up.

Pros

Location, reasonable business hours, nice office amenities

Cons

Very obtrusive restricted investment list.

Advice to Senior Management

Must improve continuity in management and pay a market salary to employees who have been on staff for a few years. I experienced that new hires were starting at higher salaries than I was being paid. In some cases the new hires had inferior credentials when objectively compared to mine.