Boston Private - No incentive to stay | Glassdoor
There are newer employer reviews for Boston Private
There are newer employer reviews for Boston Private

See Most Recent

Helpful (1)

"No incentive to stay"

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

I have been working at Boston Private full-time (More than 3 years)

Pros

The people who you directly work with are pretty nice.

Cons

Limited mobility, low salaries and low/no bonuses, no career growth. Constant reorg/restructuring over last two years. The integration of multiple bank cultures also has not worked so well with the merging of several banks; it has created an us vs. them mentality among a lot of the departments.

Advice to Management

You can't expect to keep cutting people, leave the same amount of work to fewer people and with no increase in salaries and no bonuses. People have no incentive to do anything beyond the bare minimum nor have any reason to stay.

Other Employee Reviews for Boston Private

  1. "Great people, great bank!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Deposit Operations Specialist in Boston, MA
    Current Employee - Deposit Operations Specialist in Boston, MA
    Recommends
    Positive Outlook

    I have been working at Boston Private full-time (Less than a year)

    Pros

    Friendly bank with big asset growth and career development potential.

    Cons

    Takes a while to get to meet people and make friends.


  2. "Good culture and client oriented"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Service Associate in Boston, MA
    Current Employee - Client Service Associate in Boston, MA
    Recommends
    Positive Outlook

    I have been working at Boston Private full-time (More than a year)

    Pros

    The company has great management, friendly co workers, and great clients. The employees hired have great work ethics and are treated very well in comparison to other banks. There is a great balance for work and life and since the company stresses client focus/customer service, the interaction between departments and clients are professional and courteous.

    Cons

    The company still needs better training programs but they hire well tranined staff members to work around that kink. They still lack the internal growth factor as many companies stress but access to knowledge, resoucres, and networking are at employees' fingertips.

    Advice to Management

    Do not grow too quickly in size and do not have employee/HR benefits be a negotiation

There are newer employer reviews for Boston Private
There are newer employer reviews for Boston Private

See Most Recent

Work at Boston Private? Share Your Experiences

Boston Private
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or