Sovereign Bancorp - Could have been better. | Glassdoor
There are newer employer reviews for Sovereign Bancorp
There are newer employer reviews for Sovereign Bancorp

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"Could have been better."

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

I worked at Sovereign Bancorp full-time

Pros

Convenient hours, Pays moderately for entry-level, good training.

Cons

Unfriendly customers, Outrageous fees, Only a 10 cent raise in 4 years, Lazy management, Insane monthly sale-goals.

Other Employee Reviews for Sovereign Bancorp

  1. "Collection of B-Teamers"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager
    Current Employee - Portfolio Manager
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Better than the unemployment line.

    Cons

    Effort is not rewarded. The pay differential between the top 10% and bottom 10% is minimal. Franchise not well regarded in the middle market space. Difficult to unseat incumbent banks; Sovereign business card not worth the paper its written on.

    Advice to Management

    The compensation structure does a good job of retaining the people with no ambition and no options.


  2. "Sov Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    Good work atmosphere.
    A referral minimum is required, however, it is a more relaxed environment in which active salesmanship is not needed.

    Cons

    It is not as widely recognized in the city of philadelphia like citizens bank or Pnc bank. Undergoing a merger.

    Advice to Management

    A stronger recruitment of college educated trainees and new hires, and recognition and promotion of these individuals already encompassed in the company.

There are newer employer reviews for Sovereign Bancorp
There are newer employer reviews for Sovereign Bancorp

See Most Recent

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