Pershing Reviews | Glassdoor

Pershing Reviews

Updated October 19, 2017
217 reviews

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2.9
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Pershing CEO Lisa Dolly
Lisa Dolly
25 Ratings

217 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. "General review."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Lake Mary, FL
    Current Employee - Senior Associate in Lake Mary, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Corporate actions reorganization dividends interest

    Cons

    None none none none none.

    Advice to Management

    None management is fair and helpful.


  2. "Senior Rep of Client Services"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Customer Service Representative in King of Prussia, PA
    Current Employee - Senior Customer Service Representative in King of Prussia, PA

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

    Pros

    Team environment keeps everyone motivated

    Cons

    A lot of crossover issues with other departments

  3. "Forced Rankings"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Very smart, very talented, and very kind people whose world is about to be turned upside down.

    Cons

    BNY Mellon is instituting Forced Rankings immediately. This approach to performance management devolves morale and results in employees watching their back, stabbing others, and hunting witches. This model has been proven to be ineffective and has been discontinued by GE (the originator of Forced Rankings) and others.

    Advice to Management

    Please preserve the culture by encouraging Corporate to reconsider this failed performance model.


  4. "Stable and fun company"

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

    I worked at Pershing full-time

    Pros

    Job Security, Very Friendly co-workers, laid back atmosphere, well paying company

    Cons

    Its hard to advance or obtain a promotion. The bank so is huge, so it moves very slowly on issues like promotions. Plus, many employees stay their for years.

    Advice to Management

    None Particular


  5. "Vice President"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Some wonderful, dedicated people that continue on despite many challenges of being part of larger BNY Mellon enterprise. Overall decent employee benefits and work/life.

    Cons

    Many long time employees hanging on at all levels of the firm - uninterested in change, and hampering non-tech innovation. Younger leaders with energy, expertise, and ideas being held back or forced to leave firm. Raises and promotions are almost impossible to achieve.

    Advice to Management

    Identify and weed out senior executives preventing change/growth. Culture of managing up that is out of sync with wider employee perception and performance.


  6. "overall okay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Pershing full-time

    Pros

    easy, well-balanced work life, friendly environment

    Cons

    lots of tenure employees who are just waiting to retire, compensation is mediocre


  7. "Application Developer"

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

    I worked at Pershing full-time

    Pros

    Colleagues are amazing and it truly has a family feel.

    Cons

    There aren't any to think off hand

    Advice to Management

    Continue the great work! Management does a great job motivating everyone to continue to push boundaries.

  8. "Great company, good pay, flexible hours."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mutual Fund Operations in Lake Mary, FL
    Current Employee - Mutual Fund Operations in Lake Mary, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    You aren't micromanaged. You have your job duties and you do them then go home. Never a sense that someone is hovering over you.

    Cons

    Minimal to almost zero client interaction. Expect a library type environment that's very quiet and peaceful. I was hopeful for more opportunities to engage with clients but that was not available in this position.

    Advice to Management

    Clearer expectations up front regarding the onboarding process would be nice. A more structured training program would be helpful.


  9. Helpful (1)

    "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Sales in Boston, MA
    Former Employee - Vice President Sales in Boston, MA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Pershing has enjoyed success in the clearing business for over 75 years -- they know the business well. There are a lot of people, particularly in Jersey City, who have worked at Pershing their entire career. Also, the firm is owned by the mother ship BNY Mellon -- the largest custodian in the world.

    Cons

    The organization can be very political. At the end of the day, there are a handful of people who make all the decisions. If you're not in the inner circle, it could be a rough ride. Pershing is not a closed culture, meaning management is not open to ideas coming from the rank and file.

    Advice to Management

    You're very slow to adopt to change, which is why your clearing business is suffering.


  10. Helpful (1)

    "Worked here for a little over a year."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Representative in Saint Cloud, FL
    Current Employee - Senior Representative in Saint Cloud, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    You are able to purchase an additional week of vacation. Good vacation day package. They give you money for your medical insurance if you participate in the health fair.

    Cons

    Horrible management. Too much micro managing. Hard to find another position internally. Once you apply, it takes forever for a response. I wouldn't work here again.

    Advice to Management

    If you hire someone you need to have confidence that they can do the job. We are all adults and we don't need to be babysat.


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