PNC Financial Services Group - Poor excuse for a Wealth Management offering. Incompetent management | Glassdoor
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There are newer employer reviews for PNC Financial Services Group

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Helpful (1)

"Poor excuse for a Wealth Management offering. Incompetent management"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Vice President in Millburn, NJ
Current Employee - Vice President in Millburn, NJ
Doesn't Recommend
Negative Outlook

I have been working at PNC Financial Services Group full-time (More than 5 years)

Pros

Having a hard time thinking of any due to the disappointment in the company. But there are a few, they have ambitions, but can't execute on them. They are very involved in the community

Cons

Archaic technology, frugal in supply/resource spending.

PNC Wealth Management is by far, the must unhealthy and unprofessional work environment I have been involved in during my 10+ year career. The environment is not only chaotic and driven by drama but it is all filled with gossip obsessed, immature individuals who operate with what they believe is a “cut-throat” mentality but in actuality it is childlike behavior that leads to poor results, lack of production and failed business plans. There is no sense of direction given from upper management which leads to a free for all and a scramble for answers any time an issue arises. The only way to get ahead is to "yes" the under qualified senior management to death. There is a lack of quality employees and work produced which is evident by the fact that clients pull their money out of the bank quite frequently. Management hires with an outsourcing-type mentality- they only hire cheap labor, with a lack of ability in order to give the appearance that the job is getting done. Once the employees catch on to this cyclical pattern they move on or are replaced immediately. There is no room to develop your skills, perfect your art and truly produce quality work because at PNC Wealth Management, they are only concerned with “putting a bandage over the wound” rather than actually healing it. Appearing to produce results is far more important than actually producing results. I would not recommend working here to anyone with an interest in longevity or the ambition to succeed in the Wealth Management business.

Advice to Management

PNC Wealth Management is by far, the must unhealthy and unprofessional work environment I have been involved in during my 10+ year career. The environment is not only chaotic and driven by drama but it is all filled with gossip obsessed, immature individuals who operate with what they believe is a “cut-throat” mentality but in actuality it is childlike behavior that leads to poor results, lack of production and failed business plans. There is no sense of direction given from upper management which leads to a free for all and a scramble for answers any time an issue arises. The only way to get ahead is to "yes" the under qualified senior management to death. There is a lack of quality employees and work produced which is evident by the fact that clients pull their money out of the bank quite frequently. Management hires with an outsourcing-type mentality- they only hire cheap labor, with a lack of ability in order to give the appearance that the job is getting done. Once the employees catch on to this cyclical pattern they move on or are replaced immediately. There is no room to develop your skills, perfect your art and truly produce quality work because at PNC Wealth Management, they are only concerned with “putting a bandage over the wound” rather than actually healing it. Appearing to produce results is far more important than actually producing results. I would not recommend working here to anyone with an interest in longevity or the ambition to succeed in the Wealth Management business.

Other Employee Reviews for PNC Financial Services Group

  1. Helpful (1)

    "Very Clicky"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at PNC Financial Services Group full-time (More than a year)

    Pros

    Existing boss is a great person
    Mortgage Partners
    Tellers are helpful
    Senior Management has good ideas, but can't implement them on the branch level.

    Cons

    -Very clicky with employees from previously failed banks that CANNOT accept change!
    -Very disorganized business partners that are spread extremely thin, and never available to meet clients unless all stars allign.
    -PRIMADONNA comes to mind
    -Horrible Technology from 1985 aka Lotus notes, host, bad crm

    Advice to Management

    Weed out the previous employees from buying smaller banks that are not willing to change the ways that the failed bank they worked for failed.


  2. "Pretty standard retail banking job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Sales Consultant in Washington, DC
    Current Employee - Financial Sales Consultant in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at PNC Financial Services Group full-time (More than a year)

    Pros

    Company is growing, presents a lot of opportunity for internal advancement.

    Cons

    salary is not very competitive, no christmas bonus or parties.

    Advice to Management

    invest more money on keeping employees happy

There are newer employer reviews for PNC Financial Services Group
There are newer employer reviews for PNC Financial Services Group

See Most Recent

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