Boston Private Reviews | Glassdoor

Boston Private Reviews

Updated March 16, 2017
10 reviews

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Clayton G. Deutsch
2 Ratings

10 Employee Reviews

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Pros
  • Very knowledgable employees; nice work-life balance; potential to be a nationally recognized bank (in 5 reviews)

  • Our superiors care about us, and we always have opportunity for growth (in 2 reviews)

Cons
  • No concern for low level and middle management employees (in 3 reviews)

  • Very little room for advancement (in 2 reviews)

More Pros and Cons

  1. "Trust Dept Reception"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Receptionist in San Mateo, CA
    Former Contractor - Receptionist in San Mateo, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Boston Private as a contractor (Less than a year)

    Pros

    Beautiful office, great location, nice employees

    Cons

    Hiring freeze went on forever

    Advice to Management

    Make good people employees


  2. Helpful (6)

    "Officer"

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

    I worked at Boston Private full-time (Less than a year)

    Pros

    None, not a single positive thing I can say about the company and management.

    Cons

    Company has been poorly managed for many years and has a history of making bad decisions and acquisitions. They are years behind the competition because of they refuse to invest in their employees, technology and platform because of the short term focus on earnings. They hire inexperienced, cheap people and lack experienced employees. The culture is one of disengagement and disregard for employees and clients. The firm is super cheap in all regards and will never attract talent to make them competitive.

    Advice to Management

    Invest in your people and your business and stop focusing on short-term earnings.

  3. Helpful (1)

    "Former Employee"

    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 Boston Private full-time

    Pros

    Friendly co-workers, beautiful office, great location.

    Cons

    Terrible middle-management. Does not let employees leave front desk to preform other work duties. Unorganized.

    Advice to Management

    Provide more thorough training and organization.


  4. Helpful (5)

    "Terrible company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Commercial Loan Officer in San Francisco, CA
    Current Employee - Commercial Loan Officer in San Francisco, CA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Boston Private full-time (More than 10 years)

    Pros

    A paycheck every two weeks.

    Cons

    Boston senior management is awful. Very poor managers. Arrogance and egos abound. No concern for low level and middle management employees.

    Advice to Management

    Nothing will change unless BOD cleans house, and that does not appear to be on the horizon. Stop nickel and diming employees.


  5. "Terrible company to work for"

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

    I have been working at Boston Private full-time

    Pros

    There are no good reasons to work here. Management sucks. There is a lot of politics. Training is terrible. You have to train yourself.

    Cons

    Training is very bad. You pretty much have to train yourself. No-one is willing to help. The bank is very old fashioned and archaic.

    Advice to Management

    listen to the employees and don't play office politics.


  6. "Credit"

    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
    Disapproves of CEO

    Pros

    None. Good balance sheet. Safe.

    Cons

    Harsh organization Insensitive, Low pay. Uses people


  7. "Small Bank with Small mentality"

    StarStarStarStarStar
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    you can get personalize service and very responsive staff when you know them

    Cons

    High turn over of key employees makes it difficult to maintain relationship specially if you are a big commercial clients. Screwed-up and antiquated philosophy excessively cautious placing limitation of just one loan per customer even if you bring them a very desirable new deal. Do not go to this Bank if you are hoping to build a relationship.

    Advice to Management

    Stay the same if you want to remain small and insignificant.

  8. "Deposit Operation Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Deposit Operations Specialist in Boston, MA
    Former Employee - Deposit Operations Specialist in Boston, MA
    Neutral Outlook
    No opinion of CEO

    I worked at Boston Private full-time (More than 3 years)

    Pros

    Manager didn't speak much English so you could say whatever you wanted and she had no idea.
    There really wasn't anything good.

    Cons

    Manager didn't speak much English.
    Manager didn't manage her area.
    Work load completely unequal among employees.
    Human resources sides with management no matter what.
    Training was horrendous. We had to train ourselves.
    Cheap, cheap, cheap!

    Advice to Management

    Open your eyes and see what really goes on at your company.


  9. Helpful (2)

    "B Squad"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend

    Pros

    The people are great, friendly, and kind. Everyone is pleasant to work with. Work / life balance is very loose, no one is forced to work "overtime".

    Cons

    Certain departments are full of under achievers and under performers, who are standing in the way of very capable people. The Bank has not once culled the dead weight. If you are an all-star performer, don't expect to get an all-star salary / bonus here.

    Advice to Management

    If you want to maintain a team of excellent professionals you must pay them a market salary / bonus. No one likes picking up the slack of underperforming co-workers.


  10. "Great to their clients. Employees, not so much."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend

    Pros

    Work Life Balance appeared to be a priority as everyone for the most part was out of the office by 5 PM on most days

    Cons

    Politics. Small place, neither Private or Trusting. Cannot voice concerns as it gets circulated around the company.

    Advice to Management

    Gear your efforts towards getting up to speed with how things are in the banking industry. Otherwise when larger banks decide to go after your share of the market, you will have no defense to keep your current clients, let alone attract new ones.


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