Prudential Reviews

Updated April 17, 2015
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208 Employee Reviews

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  1. It was a wonderful place to work.

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

    I worked at Prudential full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The Salary was excellent and the benefits were great. Prudential cared about the employees and their advancement, as well as work life balance. Prudential was a great corporate citizen that cared about the communites that they had operations.

    Cons

    I think Prudential gets very caught up in diversity of staff issue and applicant pool to the point of stalling the operation. I had a put in a promotion request for a high level male preformer, that kept getting denied, but when he passed away tragically, the new person(a female) in the position was given the title he was denied, which struck me as a serious negative.

    Advice to Management

    Listen to the Director and VP levels of Management more closely.

  2. Helpful (7)

    Overall excellent experience, although I was laid off after more than 10 years

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

    I worked at Prudential full-time (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The benefits and work/life balance. Management is very supportive of work/life balance including telecommuting, occasional work from home, varied schedule, work in an alternate location, etc. Senior Management is very strong, as evidenced by Prudential's journey through the 2008 financial crisis.

    Cons

    Quick to hire and quick to fire. Prudential is very overfunded in their pension, so they are not hesitant to do lay offs and pay out severance. Most of the time, this occurs because you happen to be in the wrong business unit, or organization. Or.... your work is outsourced. What they don't do, is try to get you placed in anticipation of a lay off. Recently over 100 were laid off, yet there were over 600 jobs advertised internally. This is clearly an opportunity for HR.

  3. good company, but career development is limited without FSA

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    stable and good company, nice people to work with mostly, relative work-life balance except few departments

    Cons

    talent management has problem, they look too highly on the FSA certificate , which is only good for students but very very bad for experienced professional who did not get chance to do the exams due to family or other intense schedule.

    Advice to Management

    create more mobility and broader review of the professionals instead of looking at exams and certificates, many actuaries are lack of basic management skillset and not team players due to the fact they spent way too much time on the exams, they'd rather be a lonely wolf. The results of promoting those exam-centered folks to director level create a lot of chaos for projects

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  5. Helpful (1)

    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Ability to work on a vast amount of high level projects

    Cons

    Limited resources, haste project requests

  6. Helpful (1)

    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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)

  7. Helpful (1)

    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    Pay base on experience and performance

  8. Helpful (1)

    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)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

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

  9. Helpful (3)

    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)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.

  10. Helpful (1)

    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)

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    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

  11. Helpful (1)

    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)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    Keep up the good work.

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