Beneficial Bank Reviews | Glassdoor

Beneficial Bank Reviews

Updated September 19, 2018
74 reviews

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3.2
StarStarStarStarStar
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Approve of CEO
Beneficial Bank Chairman, President, and CEO Gerard P. Cuddy
Gerard P. Cuddy
39 Ratings

74 Employee Reviews

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Pros
  • "Excellent company to work for with the option to work remotely if necessary for work life balance" (in 10 reviews)

  • "A great place to learn and move up fast" (in 3 reviews)

Cons
  • "expensive benefits, low pay, 1/2 hour lunches" (in 4 reviews)

  • "sales goals I have no other words to write" (in 2 reviews)

More Pros and Cons

  1. "Teller"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Beneficial Bank full-time

    Pros

    Their are classes to educate you to better perform your job.

    Cons

    scheduling to take the classes


  2. "Company being bought out by another bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Disapproves of CEO

    Pros

    When it was busy, it was great. Good PTO for back office employees

    Cons

    Low pay, bad management, dying company

  3. "Sr AP Coordinator & Buyer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Philadelphia, PA
    Current Employee - Anonymous Employee in Philadelphia, PA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Excellent company to work for with the option to work remotely if necessary for work life balance

    Cons

    Too many managers.

    Advice to Management

    cut down on management


  4. "Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Beneficial Bank full-time

    Pros

    Great location and office space

    Cons

    Management is dated, technology dated, raises and pay are terrible


  5. "RELATIONSHIP CONSULTANT"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Consultant in Phila, PA
    Current Employee - Relationship Consultant in Phila, PA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Work life balance is excellent.

    Cons

    Incentive pay is not good.


  6. "Terrible Workplace"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Staff Accountant in Philadelphia, PA
    Former Employee - Senior Staff Accountant in Philadelphia, PA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Beneficial Bank full-time (More than 8 years)

    Pros

    Location. Center City. Employees were fun but management was horrible.

    Cons

    Management not trustworthy. Management was very cliquish. There was a heavy influence on who they thought should lead not based on experience or merit.

    Advice to Management

    Change your management. Employ people with actual work experience instead of connections then maybe your stock will finally go up.


  7. "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Representative in Phila, PA
    Current Employee - Sales Representative in Phila, PA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Work life balance plenty of family work time

    Cons

    You are on your own no help from managment

  8. Helpful (2)

    "Beneficial Equipment Finance Corporation in Chester Springs"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Beneficial Bank full-time

    Pros

    Part of a well established bank.

    Cons

    This is about Beneficial Equipment Finance, part of Beneficial Bank, the company has struggled to meet its projections since 2015 and has been unwilling to make the changes needed to improve. Senior Management separates themselves from the rest of the company and doesn't treat employees with respect. Very poor culture and communication. Company is in danger of being merged with Beneficial Bank's new company, Neumann Finance.

    Advice to Management

    Start listening to employees at all levels.


  9. "OK place to work."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Beneficial Bank full-time (More than 10 years)

    Pros

    Recent changes to benefits lower the costs to employees.

    Cons

    No longer a family environment.


  10. "Credit Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst in Philadelphia, PA
    Former Employee - Credit Analyst in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Beneficial Bank full-time (More than 3 years)

    Pros

    Great environment. Friendly co-workers in the credit and lending departments. Not sure about operations, I know they were a little more strict. Great family work balance.

    Cons

    Main hub in Center City Philadelphia.


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