Pershing Reviews | Glassdoor

Pershing Reviews

Updated February 21, 2017
197 reviews

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197 Employee Reviews

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

  • Good company with great benefits and positive work environment (in 10 reviews)

Cons
  • management, work life balance, clique (in 9 reviews)

  • not very good communication from senior management about the direction of the company , constant reorganizations (in 12 reviews)

More Pros and Cons

  1. "Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I have been working at Pershing full-time

    Pros

    Pay is good, and the location is nice.

    Cons

    Not many opportunities to grow outside your group.

    Advice to Management

    Empower your younger employees to make changes


  2. "IT Support Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

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

    Pros

    very good company to work for, been with the company for about 20 years

    Cons

    not too many options to move into other areas, been doing the same work for the past few years with no new opportunities to learn, allows other business dictate the work that is done instead of coming from the management.

    Advice to Management

    need to recognize valuable associates and give them room to grow within the company.


  3. Helpful (6)

    "Get Rid of the Lifers"

    Star Star Star Star Star
    • 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.


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  5. Helpful (2)

    "Great people!"

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

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

    Pros

    People are knowledgeable and care about the firm and the clients. Strong teamwork and shared vision across teams.

    Cons

    Let too many good people walk because they didn't reward them to start. Growth in some groups is not clear.

    Advice to Management

    Reward your strong people with compensation and growth opportunities.


  6. Helpful (1)

    "Senior Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Orlando, FL
    Current Employee - Account Manager in Orlando, FL
    Recommends
    Positive Outlook

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

    Pros

    The people are great to work with. The company is positioned very well in the market place.

    Cons

    Compensation is a difficult conversation to have at this company. They think a title is a good reward for their associates, not pay.

    Advice to Management

    Increase pay and retain top talent


  7. Helpful (3)

    "Work does not get appreciated"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Performance Analyst in King of Prussia, PA
    Current Employee - Performance Analyst in King of Prussia, PA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Pershing full-time (More than 3 years)

    Pros

    You can easily get a job with referral and if no referral you can get a job..... No pros at all

    Cons

    Very low salary and no raise. No bonus and again no appreciation. Only work here if you no other job

    Advice to Management

    Manage properly and appreciate your employees


  8. Helpful (11)

    "No growth and poor leadership"

    Star Star Star Star Star
    • 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.


  9. Helpful (1)

    "Vice President"

    Star Star Star Star Star
    • 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
    Neutral Outlook
    No opinion of CEO

    I worked at Pershing full-time (More than 5 years)

    Pros

    It's a well-run company. The Sales and Customer Service Teams are great. Salaries are fair/on par with the rest of the industry.

    Cons

    Like many other financial institutions, at Pershing, you grow in the company and move to better positions not based on merit but based on who you know and who likes you.

    Advice to Management

    Recognize talent and reward it!


  10. Helpful (1)

    "Not recomended"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Trying to change the culture

    Cons

    Hard to get anything done, too much bureaucracy


  11. "Life at Pershing"

    Star Star Star Star Star
    Former Employee - Paralegal in Middletown, NJ
    Former Employee - Paralegal in Middletown, NJ

    I worked at Pershing (More than 5 years)

    Pros

    Enjoyed exposure to several different aspects of the job. Opportunity to try new things within your job category and gain increasing responsibility.

    Cons

    Staff was short handed nearly all of the time. Short term "projects" became permanent functions of the job. Reward for additional duties not reflected in paycheck.

    Advice to Management

    Staff department adequately with enough management so that matters can be escalated and questions can be answered quickly. Hire enough staff.



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