Beneficial Bank Reviews | Glassdoor

Beneficial Bank Reviews

Updated October 24, 2017
65 reviews

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3.0
StarStarStarStarStar
Rating TrendsRating Trends
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Approve of CEO
Beneficial Bank Chairman, President, and CEO Gerard P. Cuddy
Gerard P. Cuddy
32 Ratings

65 Employee Reviews

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

  • Used to be a great company to work for (in 3 reviews)

Cons
  • Cause they know upper management they have no idea what they are doing or how to treat people (in 5 reviews)

  • The intern role is only part-time, which some may find frustrating (in 4 reviews)

More Pros and Cons

  1. "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


  2. "Okay"

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

    I have been working at Beneficial Bank full-time

    Pros

    Position is ok for those new to banking and want experience. Company treats the employees well, paid training.

    Cons

    Position can be overwhelming and stressful, upper management can be rude and a condescending even though they try to create an "open door" enviroment so be prepared

  3. "Teller 3"

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

    Pros

    Co workers. hours not as bad as some other banks. Health care and dental plan. That's it. Really that is all.

    Cons

    Not near enough people in the branches. Just go to a branch and see for yourself. Perks and stuff is done for employees at corporate office only.


  4. Helpful (1)

    "Great place to work"

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

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

    Pros

    Good Family and Work balance. A great place to learn and move up fast. The CEO is friendly as well as 95% of the staff. It's a local bank so we live and work in Philadelphia or New Jersey.

    Cons

    No overtime is giving. Computer systems could be better.


  5. Helpful (2)

    "Extremely Poor Work Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Moorestown, NJ
    Former Employee - Customer Service Representative in Moorestown, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Chance to know customers well

    Cons

    Culture promotes back-biting, small thinking, laziness and discontent.

    Advice to Management

    Keep a closer eye on your NON-hourly employees, especially assistant managers and managers. They are small minded, short sighted and not interested in doing any more than is absolutely required to keep their jobs. Your bottom line suffers because you've got slackers in management and the staff is miserable. Anyone worth anything leaves or is fired for not fitting the mold. Your stock price shows the problem. And you could be doing so much better if anyone was motivated. I've never worked with such lazy, petty people, even when I was in high school and working at a fast food restaurant.


  6. "credit analyst 11"

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

    I have been working at Beneficial Bank (More than a year)

    Pros

    heavy management interference on deals

    Cons

    great office/ supportive staff for questions

    Advice to Management

    let the staff work on there own more


  7. Helpful (1)

    "Senior Account Executive"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Account Executive in Seattle, WA
    Former Employee - Senior Account Executive in Seattle, WA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Potential to make bonus, not much else.

    Cons

    very negative environment, lots of gossip, not professional, many people need more effective training

    Advice to Management

    Provide more effective training. Invest in more effective management to encourage staff and model positive environment.

  8. "Beneficial Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Beneficial Bank full-time (More than 8 years)

    Pros

    - Many of the employees have been with the company for years and have a lot of knowledge in the banking industry,
    - Customer service oriented company

    Cons

    - Hard to move up within the organization. Most higher positions are filled by outside applicants.
    - Way behind on technology.


  9. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Beneficial Bank full-time

    Pros

    Growing community bank with high aspirations

    Cons

    Trimming expenses; changing directions from time to time

    Advice to Management

    Move slowly


  10. "Teller 3"

    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

    Good hours. Knowledgeable Customers. The company does a lot out of work activities for their employees and their families. The incentives are great if your branch makes its goal. .

    Cons

    Working on Saturday is the only complaint. Although the sales goals are reasonable, you do have to take a training class and test while working there in order to teach you how to sell. So for someone with experience it seems redundant. I also feel like anyone in retail banking should get paid more because of what they have to deal with.


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