Prudential Reviews

Updated March 5, 2015
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205 Employee Reviews

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  1. 1 person found this helpful

    Learning Experience

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

    I worked at Prudential full-time (less than a year)

    Pros

    Ability to work on a vast amount of high level projects

    Cons

    Limited resources, haste project requests

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

    Down To Earth, Great Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Credit Research Analyst in Newark, NJ
    Former Intern - Credit Research Analyst in Newark, NJ

    I worked at Prudential as an intern (less than a year)

    Pros

    The people are so welcoming, intelligent and motivated. They are so helpful in explaining things and taking the time to share their knowledge and expertise with interns. They are very focused on balancing work and life for interns by limiting hours to 40 a week (can work over if need be).

    Cons

    Office is moving further away from the train station in the next year (will no longer be connected)

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful

    Great people and benefits, Low base pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Reporting Specialist in Newark, NJ
    Current Employee - Financial Reporting Specialist in Newark, NJ

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

    Pros

    Great people
    Opportunities to grow and senior management supports talent mobility
    Very Good Benefits Package includes Tuition Reimbursement
    OK Work/Life Balance (depending on group)
    Overall great culture

    Cons

    Low base salary compared to Industry average
    Significant room for systems improvement which would reduce overtime hours

    Advice to ManagementAdvice

    Pay base on experience and performance

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful

    Boring and uninnovative environment/culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Actuarial Associate in Newark, NJ
    Current Employee - Senior Actuarial Associate in Newark, NJ

    I have been working at Prudential full-time (less than a year)

    Pros

    -Decent pay
    -Decent hours
    -Secure
    -Decent benefits

    It is everything you would expect from an old life insurance corporation. If you are very risk averse and want to trade fun and excitement for security, work here. If you are a very creative, independent individual, don't even think about applying here.

    Cons

    -Some bad managers with anger issues
    -Some too stressed out
    -Boring, uninspiring work and environment
    -Old, inflexible culture
    -HR doesn't trust you

    I got unlucky with a manager who had anger control problems who made many people on my floor very uncomfortable. The fact that upper management keeps giving people to work with this individual says a lot about the company's culture and values as a whole. Granted, I think this manager will have issues getting promoted but upper management should be able to deal with this better.

    Advice to ManagementAdvice

    -Identify people with poor social/emotional intelligence and ask them to work alone
    -Need more innovation/excitement
    -Attract more young people to think creatively

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. 2 people found this helpful

    A path to independence and full-filling career elsewhere.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Financial Professional in Paramus, NJ
    Former Contractor - Financial Professional in Paramus, NJ

    I worked at Prudential as a contractor (more than 3 years)

    Pros

    You can get your licences and training necessary to be a fully licensed Financial Adviser to get a good position elsewhere or go with an independent or better firm. Your training for licenses is reimbursed if you pass. They subsidize your commissions first year with bonuses. Contributions to Medical benefits are reasonably priced compared to what NJ public workers now pay.

    Cons

    The branch manager eats up 10-15 hours a week with mandatory in office sales reporting meetings (listening to 30-40 reps reports 3 x a wk), call night and redundant variations of basic sales training (home work required). Not to mention commuting time for such. I was told after 2 years this would not be required when I started. (They changed their mind) This alone is most frustrating when you are not being paid for your time, it prevents you from being productive as a W9 employee (yes, after a yr you are not W2). All your marketing,cubicle, phone, technology, advertising, and your own purchase of leads come out of your pocket. Being successful depends on a strong personal network that you will be expected to tap. Otherwise you are and will be left in the cold to create and pay to build your own biz and collecting only 45% of commissions vs. 80-90% as an independent. You also have to accept and sign a 2 year non-compete contract.

    Advice to ManagementAdvice

    Helping agents build a real sustaining business to keep agents long term. Improve Prudential's marketing and branded lead program that should be free for Prudential agents. Respect people's time, since they only work on commissions. Forcing people to commute to an office for "training" and sales meetings just so you fill the office and "think" it will make them productive is a joke after a period of time. If sales training and meetings were worthwhile, it doesn't need to be mandated. I make money when I am out of the office..not captured in it. More energy should be spent on providing proven new sales opportunities and identifying orphans (clients left by the many people who leave after 2 years as associate) The branch manager here really doesn't know how to build and sustain new agents to be successful long term. Its a revolving door. New hires bringing in family and friend sales are the only thing working here and you might expect that the well run's dry after a time. They boast about their 2 year retention being high.. what they leave out is after 2 years most agents leave. The only survivor agents here have been here 10-20 years from a time past built business. "Rain makers" don't need Prudential and leave. Those who can't build the "magic" business in 2 years flounder till they find something else. A lot of energy and people resources wasted, leaving a lot Prudential clients to the next revolving agent. This doesn't seem like a sustainable business model long term, even if it supports short term gains and sales quotas.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful

    Very political

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

    I have been working at Prudential full-time (more than 10 years)

    Pros

    You can move around and the benefits are good

    Cons

    Very political, doesn't matter how good you are, you basically have to develop yourself

    Doesn't Recommend
    No opinion of CEO
  8. 1 person found this helpful

    Excellent place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Analyst in Newark, NJ
    Current Employee - Systems Analyst in Newark, NJ

    I have been working at Prudential full-time (more than 8 years)

    Pros

    Very professional, supportive company to work for, whether one is a parent trying to advance while balancing work/life, a student fresh out of college or a seasoned employee looking for growth opportunities.

    Cons

    It is an insurance company so might be a bit slow for some.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful

    Prudential Review

    Former Intern - Intern in Newark, NJ
    Former Intern - Intern in Newark, NJ

    I worked at Prudential as an intern (less than a year)

    Pros

    I enjoyed being part of a team in the treasury department where I worked on a variety of projects and had some exposure to senior management. The culture was good, and people were generally nice.

    Cons

    There wasn't much on the job training, with the expectation that you came out of a school program knowing everything about finance and accounting. In addition, promotions seemed arbitrary, and while some people moved laterally, others stayed in the same position without moving up for years.

    Advice to ManagementAdvice

    Management should consider paying employees more, investing more in training, and stating clearer guidelines about promotions.

  10. 1 person found this helpful

    A rock solid company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Professional in New Brunswick, NJ
    Current Employee - Financial Professional in New Brunswick, NJ

    I have been working at Prudential full-time (more than a year)

    Pros

    Solid financials. High ethical standards. Excellent reputation to the public and investors. Exhaustive product training. Compensation (average for large company), but not a Wall Street compensation package. Conservative atmosphere. Good brand recognition.

    Cons

    Personal growth is hard to measure as company is bottom-line focused-not employee focused. Frugal to the point of inefficiency. Low tech. Ineffective business and/or ideas training - You'll get out of it what you bring to it. You're on your own for new business development. Low tech, but trying to improve platform (5 years behind industry). Incentives apply to top producers. Low morale for a sales organization. Hard to imagine spending the years needed for a career with the company.

    Advice to ManagementAdvice

    The company is and "feels" cheap toward it's sales force -- not the fault of individual agencies, but the attitude comes down from corporate management. Poor (ineffective) intra-company communications, but it's clear that upper management doesn't get it. The "us and them" stodgy corporate culture is not easily overcomeable. Remedy: invest in intra-company liasonship. Invest in trickle-down. Improve communications apart from exhaustive intra-departmental emailing.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. Pompous leadership, back stabbing management

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

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

    Pros

    Good overall benefits....and training opportunities.....that's about it.

    Cons

    Don't ever turn your back, poor leadership and very pompous....worst position I have ever held.

    Advice to ManagementAdvice

    Find a direction......

    Doesn't Recommend
    No opinion of CEO

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