Prudential

  www.prudential.com
  www.prudential.com

Prudential Reviews in Newark, NJ

Updated December 7, 2014
Updated December 7, 2014
683 Reviews
3.5
683 Reviews
Rating Trends

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Prudential Chairman and CEO John R. Strangfeld
John R. Strangfeld
360 Ratings

Review Highlights

Pros
  • Work/Life balance is good but still depends on what team you belong (in 91 reviews)

  • Good benefits package - new employees are still eligible for a pension (in 41 reviews)


Cons
  • The work/life balance of sales will drive most to leave within the first few years (in 26 reviews)

  • 15 appoiuntments unless is is your personal friends and family (in 8 reviews)

More Highlights

123 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Well structured / focused organization

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Former Employee - Executive Assistant in Newark, NJ
    Former Employee - Executive Assistant in Newark, NJ

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

    Pros

    Pleasant atmosphere, team-focused, friendly/fun but work-oriented. Team takes deliverables and meeting client needs seriously. Coming from a Wall Street bank, I see very good movement in the selection process here of hiring which seems to pattern after the same model of my former bank which attracted top talent and deviated from mediocrity. After leaving Prudential and working elsewhere, I saw a lot of positive growth upon my return and I've come to realize just how well the processes and procedures of this Company were implemented, maintained and are really top notch!

    Cons

    I do not have any negatives to present. This company far excels in the category of processes, procedures, sense of direction and smarts; elsewhere, systems and processes are a mess and all over the place.

    Advice to ManagementAdvice

    Not pertaining to my department or general/upper management which was the most professionally dressed per my view, but to limit having some come too casual throughout the Company, putting out a more stringent policy to heighten the dress code a bit would spruce up the overall image to an even better place! :-)

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great company that works hard to cultivate leaders

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

    I have been working at Prudential

    Pros

    Professional development opportunities encouraged, competitive pay, and managers that are truly invested in the success of their direct reports. Culture seems to be work hard, play harder.

    Cons

    Have noticed some office politics, but that's at any company.

    Advice to ManagementAdvice

    Continue cultivating leaders at lower management.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 2 people found this helpful  

    unfair to actuarial staff not in Pru's Actuarial Leadership Development Program

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

    I worked at Prudential

    Pros

    bonus target is higher than other companies

    Cons

    treat actuarial staff differently. For the so called 'Actuarial Leadership Development Program' (ALDP), they have 50% more study time, at least 20% more salary and get promotion on exams. These kids don't work over time, study at work and can move to a director level within 3-4 years. However, their "leadership" is not that good. And their tech skills suck. Think about it, during their 12-mth rotation, they have 4 weeks PTO, 2 weeks holidays, 6 weeks study time, how many weeks they can actually work and make a real contribution??

    For non ALDP staff, they work hard, study with less support and take a much less salary. This is not fair!

    Advice to ManagementAdvice

    treat staff equally, based on performance, not on the so called "leadership"

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Prudential Response

    Dec 9, 2014Social Media Manager

    We appreciate your candid review. If you would like to discuss this further we are interested in hearing from you. Please email us staffing@prudential.com

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  5.  

    Intern

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

    I have been working at Prudential as an intern (less than an year)

    Pros

    Easy commute. Was great being able to work in several different departments. Everyone there was extremely nice and loved to be asked questions.

    Cons

    I did not see any cons of my intern experience. I thought everything was useful and could not have been learned anywhere else.

  6.  

    Great opportunity

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

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

    Pros

    Free lunch one hour lunch break, good coworker

    Cons

    Nothing at the moment love my job

    Advice to ManagementAdvice

    Thanks for hiring me.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    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)

    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 ManagementAdvice

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

    Recommends
    Positive Outlook
    Approves of CEO
  8. 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 an 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
  9. 7 people found this helpful  

    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)

    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.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 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
  11.  

    Down To Earth, Great Place to Work

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

    I worked at Prudential as an intern (less than an 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

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