Pershing Reviews in Jersey City, NJ | Glassdoor

Pershing Jersey City Reviews

Updated March 24, 2017
61 reviews

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Jersey City, NJ

2.6
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Pershing CEO Lisa Dolly
Lisa Dolly
5 Ratings

61 Employee Reviews

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Pros
  • Work life balance can be maintained (in 21 reviews)

  • Nice people and management looking to adapt to current working environment (in 13 reviews)

Cons
More Pros and Cons

  1. Helpful (3)

    "Review of Pershing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Jersey City, NJ
    Former Employee - Intern in Jersey City, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Some of the nicest people I have ever worked with. They were funny, bright and always working.

    Cons

    Very bureaucratic culture. I do not recommend for people who want to work in an environment geared toward advancement and career growth.

    Advice to Management

    I do not presume to give anyone advice only to say that when I was an employee, morale was low as far as career advancement.


  2. Helpful (5)

    "Politics at mid-senior level impact quality of work, change not embraced by long tenure people."

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

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

    Pros

    Good benefits and reasonable compensation (comes with overtime). It depends a lot on the group you work in, some people are nice.

    Cons

    Obsolete thinking and not really open to change, going at 1000 miles an hour without assessing risks just to get the jobs done. Lots of tactical solutions that impact strategic ones. Overwork and exhaustion.

    Advice to Management

    Assess workload and risks it implies to projects, lack of resources for high goals makes work miserable in many areas.

  3. Helpful (10)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Pershing full-time

    Pros

    The only pro I can think of is that the office is only a few steps outside of the Grove Street Path Stop and that they just opened a Krispy Creme Donut in the building.

    Cons

    If you only had to know one thing about this firm, its this - people who have dedicated their entire careers to the organization, 20 plus years and now earn more than their role warrants are laid off. So the only reward you have to look forward to with this firm is after breaking your back they will eventually just lay you off so they can hire someone and pay them $100k less.

    Advice to Management

    When your COO leaves in a few months something should tell you that your firm has significant issues, like too many meetings about nothing. Sound familiar?


  4. Helpful (3)

    "Employees Are A Dime A Dozen"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Pershing full-time (More than 10 years)

    Pros

    Close to mass transit. Garage is attached to the building so it makes it easier to get to work during weather.

    Cons

    Bonuses are saved for VP and AVP levels and have one key component of how much money the department saved and still got the job done. That means various excuses to employees to have them work way above and beyond without corresponding compensation. Employees are essentially told that if you don't like the working conditions, find another job. Associate hard work is simply not valued.

    Advice to Management

    Employees in the trenches know better than you. Spend some money on infrastructure instead of allowing error write offs to be an everyday occurrence.


  5. Helpful (3)

    "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President - Technology in Jersey City, NJ
    Current Employee - Vice President - Technology in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Pershing full-time

    Pros

    Department is pretty stable and there is no fear of layoffs unlike some other areas. Flexibility to work from home on occasions is a plus.

    Cons

    Low pay and low morale. There is no clear direction from upper management. Employees are not empowered to make decisions. Many long hours which include late night and weekends.

    Advice to Management

    Listen to the employees. Provide competitive salary. Find ways to motivate.


  6. "Supervisor Security Information"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great management support for professional and personal life.

    Cons

    Better salary to compete with market.

    Advice to Management

    Better pay to compete with market


  7. "SECURITY INFORMATION SUPERVISOR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Pershing full-time (More than 10 years)

    Pros

    Great management and staff. The benefits are excellent.

    Cons

    Salary could be better.

  8. Helpful (1)

    "Technology"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Jersey City, NJ
    Former Employee - Vice President in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Company is interested in developing the best staff with the best technologies

    Cons

    Parent company is a bank

    Advice to Management

    Listen to your employees


  9. Helpful (6)

    "Get Rid of the Lifers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intenational Settlements Specialist in Jersey City, NJ
    Former Employee - Intenational Settlements Specialist in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook

    I worked at Pershing (More than a year)

    Pros

    A stable paycheck. Some people are nice there.

    Cons

    What absolutely kills this company and working there are the managers who have been there 25 and 30 years. They don't have college degrees and are petrified of change. Once they are shown the door this company could get up to speed. The only way they will leave is when Pershing throws them out. So sad. Also, mundane work, low pay, and behind on technology.

    Advice to Management

    Get rid of the Lifers.


  10. Helpful (11)

    "No growth and poor leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Jersey City, NJ
    Current Employee - Vice President in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Pershing (More than 5 years)

    Pros

    1. A lot of good people to work with. 2. bonus structure is good. 3 good work/life balance. 4. ability to increase your knowledge and skill set. 5. above-average benefits.

    Cons

    1. Difficult to grow and get promoted unless you know someone. It is not based on merit. 2. poor salary and merit raises. 3. claim to be a an innovative technology company but in reality they are not. 4.poor leadership -- current CIO does not have finger on the pulse of what his service really needs and is not respected by anyone because of the way he treats people. 5. too much in-fighting amongst managing directors. 6. lots of folks who have been there too long and have moved up the ranks solely based on their tenure. a lot of dead weight. 7. don't always recognize the talent they have and reward them with proper raises and promotions. 8. only option is to leave for another company if you want to grow. 9. have made some really bad decisions in the direction of the company and no one gets replaced except those that had nothing to do with those decisions.

    Advice to Management

    1. Unless you start increasing your merit raises and promote based on talent and merit, just stop with the lip service about how employees are valued. 2. get rid of some of the senior executives and get others some much needed leadership skills. 3. listen to the associates who really know what's going on and are on the front lines.


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