National City - Good place to start a career. | Glassdoor
There are newer employer reviews for National City
There are newer employer reviews for National City

See Most Recent

"Good place to start a career."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Corporate Banker in Cleveland, OH
Current Employee - Corporate Banker in Cleveland, OH
Approves of CEO

Pros

Positives:

The people at NCC are truly best in class. Even though NCC is a big company 30K+, there is a close nit community feel. Additionally, meeting with upper level management is practice that is encouraged.

Negatives:
Considering that NCC Is a close nit environment company, your advancement is highly weighted on who you know and who knows you and your abilities.

Cons

NCC needs to do a better job at integrating their customer data. Extracting accurate data about customers and market segments can be very difficult and frustrating. There are multiple systems that are not linked.

The company was recently taken over my PNC. Therefore, I am not sure how many jobs will be cut as a result.

Advice to Management

Don't be affair to make a decision.

Other Employee Reviews for National City

  1. "Used to be a great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Cleveland, OH
    Current Employee - Project Manager in Cleveland, OH
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The bank had great potential before being sold, with a great retail presence throughout the midwest and a great future. New leadership had been added to the bank recently but never had the chance to add more to the bottom line. Teh people at NCC are wonderful and very talented.

    Cons

    The bank is being sold, so a lot of uncertainty now. If all goes well with the merger then the new bank will be one of the top 5 banks in the coutry with lots of opportunities. It you join NCC now you'll have to deal with very well with uncertainty.

    Advice to Management

    Make staffing decisions quickly


  2. "If you are a dishonest salesmen then you will do very very well!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Licensed Financial Consultant
    Former Employee - Licensed Financial Consultant
    Doesn't Recommend
    Disapproves of CEO

    Pros

    They have great benefits. $1.15 for every dollar you put in with your 401(k). You will not get a match until you have been there for a year though. My base salary was pretty good. It was higher than all of the other offers I had. That is pretty much about it.

    Cons

    High turnover. Don't think that is a good thing. It is a bad thing. If people above you are quitting a lot then there is a reason for that. Very dishonest way of doing business. As an LFC they only let you sell two investment products: mutual funds and annuities. There are times that it is impossible to do what is right for the client. A lot of LFC would be dishonest and just put everyone into annuties because it pays the highest commission. I'll give you an example. If you get a 100k rollover and put them in mutual funds your revenue would be about $2500.00. If you put them into annuities then it is $5000.00. The first month I walked in the door my quota was $9000 in revenue a month. If you have been in the sales business before then you know how hard it is just to get a 100k rollover. So it is easy to slip into being dishonest and pressing annuities onto everyone even though a CD might be more appropriate.

    There are very dishonest people above you that will give you dishonest sales tactics. They will try to tell you to scare the customers about the FDIC and they will then feel frightened enough to buy an annuity. If you are a dishonest person then this is the right job for you. The average person makes about 43k a year. If you are super dishonest and very organized then you can make between 50 and 60k a year.

    Don't plan on moving up anytime soon. Once you are in this role you are pretty much stuck. The next promotion would be a retail financial advisor. They make the big bucks and don't do much work. Everytime an LFC makes a sale they make even more in commission. They make more than you do! They are supposed to be a support role. If you have a good one then great. If you have a bad one then you are screwed! These people make a lot of money so there is very little turnover unlike all of the other positions at NCC. You have to wait until that one person retires or dies before you get to move up. Then you have to compete with a bunch of other dishonest LFCs that have been racking up the revenue by selling annuities to people that don't even understand them.

    Advice to Management

    Let the LFCs sell more than just annuities and mutual funds. It is impossible to do what is right for the client. If someone is selling annuities to everyone that walks in the door then they need to be looked at close to see what kind of sales practices they are using. $9000 in revenue each month is way too high when you first walk in the door.

There are newer employer reviews for National City
There are newer employer reviews for National City

See Most Recent

Work at National City? Share Your Experiences

National City
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or