Pershing Reviews | Glassdoor

Pershing Reviews

Updated April 28, 2017
203 reviews

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Full-time Part-time

2.7
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Pershing CEO Lisa Dolly
Lisa Dolly
19 Ratings

203 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. "PM"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Manager in Phila, PA
    Current Employee - IT Project Manager in Phila, PA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Pershing full-time (More than 10 years)

    Pros

    People, location is great, good benefits

    Cons

    Pay raises, some middle management

    Advice to Management

    it does happen...


  2. Helpful (1)

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

    Star Star Star Star Star
    • 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 (4)

    "Director"

    Star Star Star Star Star
    • 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?


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  5. Helpful (2)

    "Employees aren't valued"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Lake Mary, FL
    Former Employee - Anonymous Employee in Lake Mary, FL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Pershing full-time (More than 8 years)

    Pros

    The benefits, especially vacation time, are great for tenured associates (3-5 weeks), which is why most stay. There are a lot of volunteer opportunities and they do charitable matching around the holidays. There are tons of entry level opportunities, making it a good place to get your foot in the door if you're looking for a career in financial services.

    Cons

    -Pay is below market and even as a consistent, documented high performer, it is nearly impossible to get any type of raise outside of an annual 1-2% merit increase.
    -Few advancement opportunities; very entrenched layer of middle management.
    -Many managers have been in their respective department for 20-30 years and are very resistant to change.
    -The majority of the top performers leave for better opportunities/pay, leaving a subpar workforce.
    -Bureaucracy and corporate red tape tend to discourage process improvement and innovation.
    -If promoted within the company to a higher level position, they tend to offer you the lowest salary in that range, while giving external hires far higher starting salaries for the same position.
    -The amount of meetings can leave little time to actually accomplish work tasks.
    -Some initiatives implemented by upper management display a lack of understanding of how the job role functions, increasing the workload with no clear benefit.
    -In some departments the work can be extremely mundane and repetitive

    Advice to Management

    Put forth effort to reward and retain top talent.


  6. "Sr Customer Service Rep"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Customer Service Representative in Altamonte Springs, FL
    Current Employee - Senior Customer Service Representative in Altamonte Springs, FL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Pershing (More than 10 years)

    Pros

    Good benefits. Good hours. Enjoy the environment and enjoy helping people out and coworkers too.

    Cons

    Some supervisors need to have people skills and or take classes. Just don't put someone in a lead position because they moved down from NJ.
    Try to look at someone who has been in the business for 10 years and wants to move up. Tired of having the NJ people come down and say they make 3-5 times more than the people that were hired in LM.

    Advice to Management

    Train your management staff


  7. Helpful (1)

    "Employees Are A Dime A Dozen"

    Star Star Star Star Star
    • 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.


  8. Helpful (2)

    "Review of Pershing"

    Star Star Star Star Star
    • 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.


  9. Helpful (2)

    "Typical financial services company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Services in Newark, DE
    Current Employee - Client Services in Newark, DE
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Pershing (More than 10 years)

    Pros

    Work life balance is good

    Cons

    Compensation
    Benefits
    Lack of support for employees


  10. Helpful (2)

    "Vice President"

    Star Star Star Star Star
    • 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.


  11. Helpful (2)

    "Pershing"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Oakland Park, FL
    Former Employee - Anonymous Employee in Oakland Park, FL

    I worked at Pershing (More than a year)

    Pros

    Professional atmosphere and good people.

    Cons

    Stressful environment, seniority was often valued over performance.

    Advice to Management

    Seek out advice from younger talent on how to refresh company.


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