Beneficial Bank Reviews | Glassdoor

Beneficial Bank Reviews

Updated July 9, 2018
73 reviews

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3.1
StarStarStarStarStar
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Approve of CEO
Beneficial Bank Chairman, President, and CEO Gerard P. Cuddy
Gerard P. Cuddy
38 Ratings

73 Employee Reviews

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Pros
  • "culture, work life balance, reputation" (in 9 reviews)

  • "Good hours, relatively stress free environment, good co-workers, unobtrusive upper management" (in 3 reviews)

Cons
  • "Upper management does not show support to their retail teams" (in 5 reviews)

  • "expensive benefits, low pay, 1/2 hour lunches" (in 3 reviews)

More Pros and Cons

  1. "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.


  2. "Okay"

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

    I worked at Beneficial Bank full-time

    Pros

    Great company culture, paid training in Downtown Philadelphia, free coffee

    Cons

    Low pay, behind in technological structure, customer

    Advice to Management

    Update technological infrastucture

  3. "Customer Service"

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

    I worked at Beneficial Bank full-time (Less than a year)

    Pros

    great work like balance

    Cons

    pay is too low for economy

    Advice to Management

    pay should compete with economy


  4. "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.


  5. "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


  6. 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.


  7. "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.

  8. "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.


  9. "business banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Beneficial Bank full-time

    Pros

    culture, work life balance, reputation

    Cons

    credit guidelines are strict, yet case by case


  10. "Great company"

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

    I worked at Beneficial Bank (More than a year)

    Pros

    Work balance and making employees able to have a balance between the two I have no other words to write

    Cons

    Sales goals lots of pressure to meet and go above required sales goals I have no other words to write

    Advice to Management

    No advice to give to management just treat employees like gold to help keep them at the company I have no other words to write


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