Sovereign Bancorp Reviews

Pros

Decent Pay
Decent Benefits
incentive plans

Cons

conference calls
repetitive emails
unnecessary training assessments
micro management

Advice to Senior Management

less conference calls, less emails, more realistic sales goals, better training, more work/life balance

Pros

Paid time Off
Nice office environment
Building relationships with customers
Coworkers are like family.
Pay is comparable.
Some flexibility with schedule.

Cons

Mgmt prefers to hire from outside company rather than develop the talent within.
Telemarketing 50 calls/wk
Last minute meetings and call nights.
Poor Quality of leads.

Advice to Senior Management

Please upgrade the software.
Please recognize exceptional service as well as sales.
Please offer some professional development classes.
Please recognize years of service with a quarterly recognition announcement.

Pros

Some of the benefits are decent

Cons

- Poor recognition of good effort
- High level of politics ad boot-licking
- Complaints of Equal Opportunity are not taken seriously

Advice to Senior Management

CHANGE!

Pros

Its a job.
A good way to learn banking

Cons

To much pressure
Low Pay.
Would rather hire from outside

Advice to Senior Management

Less pressure..

Pros

Paid Time Off
Benefits
Top Performer Awards (Good luck getting this LOL)

Cons

6 days a week work
Conference Calls
90 emails a day
unrealistic goals for a Bank with no technology
99% Chiefs 1% Indians
Feel like your a slave every day

Advice to Senior Management

Stop trying to be like Chase or a real global commercial Bank because you dont have the tools to do it (MS DOS based systems), people hate where they work and cry at time. Stay Away does not matter if they pay you six figures!

Pros

Paid time off And holidays

Cons

There is no room for advancement and no raise. They have unrealistic goals for all employees but find ways to not pay out your incentives.

Advice to Senior Management

Need to reevaluate approach towards employees. Whatever they are doing now is not working. Learn from your mistakes and try a different approach. We are employees not your children.

Pros

Good co-workers, flexible schedule, choice of locations

Cons

A lot of pressure on the bankers

Advice to Senior Management

Be aware of employee moral in the branches.

Pros

Hardworking employees
Average benefits
Better than not having a job at all.

Cons

Work hard and you will be asked to move to Boston before they lay you off.
No raise for 3 years.
Will find a reason not to give a bonus.
Do as I say attitude.

Advice to Senior Management

Time to pack up and go home! Remember this is America!
Very sad what you have done to Sovereign Bank.

Pros

Jump-start you career in retail banking

Cons

Outdated software, low-end in the salary scale compared to competition

Pros

PAid time off is a nice amount.

Cons

Whatever your current position is, expect that to be your job for the remainder of your career.. Promotions are non-existing. They would rather hire an outsider that knows nothing, than give you the monetary/title push you deserve.... ,

Advice to Senior Management

There is so much room for improvement and it just feels like working in the movie groundhogs day.
Nothing new. If everyone could stop having meetings about yesterday's meeting preparing for tomorrows meeting, more things could be accomplished. Stop micro managing allow managers to make real decisions, not message relayers till the next meeting.