PNC Global Investment Servicing Reviews | Glassdoor

PNC Global Investment Servicing Reviews

Updated March 27, 2017
47 reviews

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47 Employee Reviews

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  1. "PNCPpnc gis"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Administrative Assistant in Philadelphia, PA
    Former Employee - Executive Administrative Assistant in Philadelphia, PA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at PNC Global Investment Servicing full-time (More than 10 years)

    Pros

    PNC GIS was a wonderful company to work for. The benefits and the pay were fine. I got exceptional annual review, all of Senior Management and other staff were friendly and cared about one another. We all worked together very well like a well oiled machine. We all helped each other if need be. I do miss PNC GIS. We all had such a wonderful rapport with all of the other departments. Working for PNC GIS was a wonderful experience.

    Cons

    PNC GIS was sold to Bank of New York Mellon on 7/1/2010 and as a result I was laid off on 12/16/2011. For me, that is the only con. Because I have nothing but good things to say about PNC GIS.


  2. "good place to work balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Philadelphia, PA
    Former Employee - Analyst in Philadelphia, PA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at PNC Global Investment Servicing full-time (Less than a year)

    Pros

    good place to work balance

    Cons

    less efficient work process overall


  3. "Control accounting specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Control Accountant in King of Prussia, PA
    Former Employee - Control Accountant in King of Prussia, PA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at PNC Global Investment Servicing full-time

    Pros

    Nice people to work with, flexible

    Cons

    Salary very low, and not much advancement


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  5. "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in King of Prussia, PA
    Former Employee - Vice President in King of Prussia, PA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at PNC Global Investment Servicing full-time (More than 5 years)

    Pros

    Accountable for own P&L, including decision making.
    Great small company feel inside a larger, strong balance sheet firm.
    Good mix of traditional services that plod along in terms of revenue and some dabble in the high growth areas.

    Cons

    PFPC was never part of the core strategy for PNC.
    Cutting staff and not replacing key departures made it difficult to keep pace with client commitments.

    Advice to Management

    Not applicable.


  6. "GIS business sold to BNY Mellon"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems Integrator II in Philadelphia, PA
    Former Employee - Systems Integrator II in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at PNC Global Investment Servicing full-time (More than 10 years)

    Pros

    PFPC (PNC GIS) was traditionally a relaxed atmosphere for dress and decorum. This was a very separate subsidiary of PNC Bank.

    Cons

    GIS units were either converted to core BNY Mellon systems, absorbed, or dismantled. This review is meant to clarify that for those who may be seeking employment with PFPC, which no longer exists. See BNY Mellon reviews.

    Advice to Management

    Continue to integrate functionality and retain the absorbed GIS client base. Keep up the good work.


  7. "Software Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer III in King of Prussia, PA
    Former Employee - Software Engineer III in King of Prussia, PA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at PNC Global Investment Servicing full-time (More than 5 years)

    Pros

    Flex working hour, business casual attire environment

    Cons

    lower side pay, not H1b friendly


  8. "Help senior analysis with due diligence"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in King of Prussia, PA
    Current Employee - Anonymous Employee in King of Prussia, PA
    Recommends
    No opinion of CEO

    Pros

    It was a good initial exposure to the financial services industry. As a college student it gave me a hands on introduction to the world of mutual funds and managed accounts.

    Cons

    Interactions with other employees was extremely compartmentalized. I rarely worked with members of other departments. I would have like to have had more open sharing of information across departments.

    Advice to Management

    Make an effort to encourage interaction between departments.


  9. Helpful (1)

    "No work/life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director of Accounting in Wilmington, DE
    Former Employee - Director of Accounting in Wilmington, DE
    Doesn't Recommend
    No opinion of CEO

    Pros

    Interesting clients and fund structures.

    Cons

    Excessive hours; insufficient staffing, including quality of hires. Inadequate and outdated technology tools to get the job done.

    Advice to Management

    Invest in people and technology. Price your services accordingly. You can not squeeze both ends of the profit equation simultaneously.


  10. "Good Company to learn the industry"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Accountant in Wilmington, DE
    Former Employee - Investment Accountant in Wilmington, DE
    Recommends
    Approves of CEO

    Pros

    Relaxed.
    Good Working environment.
    Excellent starting point to start a career in Investment Industry
    Excellent Managers and Directors with great knowledge of Fund industry and accounting

    Cons

    Pay is Low
    Back office / Cost center Environment
    Outsourcing Risk
    Not a good place for a critical thinker
    Not a good place to improve your presentation or writing skills

    Advice to Management

    Implement Bonus/ profit sharing incentives to improve employee moral


  11. "Former employee of over 10 years. (Accounting)"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Supervisor in Wilmington, DE
    Current Employee - Supervisor in Wilmington, DE
    Approves of CEO

    Pros

    You will learn a lot at PFPC/PNC GIS. They make sure of that. I don't t think it was a good idea, however, in retrospect, to stay there as long as I did. I saw many people advance further and faster bouncing back and forth between PFPC and other companies.

    Cons

    Advancement within is sketchy. There are managers who knew the work, but who were far less capable of managing other employees. OR helping an underling with issues with an employee. I had a situation occur like that, and my only recourse as a supervisor was to write the person up, something PFPC is keenly adverse to doing. (someone who did the minimums required to get the daily job done, and spent every other waking moment surfing or texting or on the phone. Having to wait, often, 4-5 minutes for a non emergency personal phone to talk to someone is unacceptable. Being then told (repeatedly), by said underling they didn't have time to do a project involving funds they did normal activity for after that is also unacceptable. )

    Supervisors and managers doing accountants work in such cases, due to such push back. This was a large part of my dissatisfaction with the job. (Well, that, and that I was sick, I found out later, actually had been for some time. I ended up in the hospital for GI issues and an ongoing infection just after I was laid off. This, I was told, had been affecting me for at least a year. My lay-off was a very good thing, it allowed me time to recover from invasive surgery.)

    Advice to Management

    Management classes for supervisors and above. Support your supervisors, and give them ways and means to manage others, and deal with pushback.

    What has come to my notice recently, as I job searched in NYC, is something else. It is likely they will need to pay their accountants more, especially in Alternative Investments. They use the Geneva system there, since 2006. It has come to my attention that BOTH JP Morgan and CITI are moving to that platform for accounting.


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