Sovereign Bancorp Reviews | Glassdoor

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Sovereign Bancorp Reviews

Updated January 16, 2018
186 reviews

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2.1
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Sovereign Bancorp President & CEO Jorge Moran
Jorge Moran
38 Ratings

186 Employee Reviews

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Pros
Cons
  • Long hours with no recognition for your extra work (in 5 reviews)

More Pros and Cons

  1. "Auto Finance Collection Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Collection Specialist in Rocky Hill, CT
    Former Employee - Collection Specialist in Rocky Hill, CT
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    I previously worked for Sovereign Bank in the Auto Finance Division as a Collection Specialist. Through the many years employed there, we were all like family and helped each other.

    Cons

    When Santander purchased Sovereign Bank, they shut down the Auto Finance Division and laid off 100s of employees.


  2. "There is no such thing as bankers hours .."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Branch Operations Manager
    Former Employee - Branch Operations Manager
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Sovereign Bancorp full-time (More than a year)

    Pros

    Good hourly pay with benefits

    Cons

    long hours and weekends mandatory.

  3. "Amazing"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Sovereign Bancorp part-time

    Pros

    Great people to work with

    Cons

    Sometimes you may have to work on saturdays

    Advice to Management

    Nothing


  4. "OK"

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

    I worked at Sovereign Bancorp full-time

    Pros

    OK while it lasted, alot of turnover

    Cons

    alot of turnover, changes in management

    Advice to Management

    stability!


  5. "Teller"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Plymouth, MA
    Former Employee - Anonymous Employee in Plymouth, MA

    I worked at Sovereign Bancorp part-time (More than a year)

    Pros

    Great group to work with

    Cons

    Sales is the biggest part of the company, they don't tell you going in that you need to sell sell sell


  6. "Too Much and no management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Manager in Cambridge, MA
    Former Employee - Assistant Manager in Cambridge, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Sovereign Bancorp full-time

    Pros

    Good co-workers at the branch level. Some of the benefits are good like 401k and stuff. Like the bank but it all comes down to upper management.

    Cons

    Too much pressure about getting sales from friends and family. I was on salary and supposed to work 40 hrs a week and end up working 55 plus hrs. Management is not done properly.

    Advice to Management

    Please work in the branch and see what make sense.


  7. "CDU Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CDU Analyst in West Lawn, PA
    Former Employee - CDU Analyst in West Lawn, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Sovereign Bancorp (More than 10 years)

    Pros

    great benefits, paid time off

    Cons

    little room for advancement in my area

  8. "Specialist"

    StarStarStarStarStar
    Former Employee - Default Ops Specialist III in Reading, PA
    Former Employee - Default Ops Specialist III in Reading, PA

    I worked at Sovereign Bancorp (More than a year)

    Pros

    Flexible Hours and dress code

    Cons

    Training for positions are not good

    Advice to Management

    More training to understand your job better


  9. "Mortgage bankers beware!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Development Officer in Short Hills, NJ
    Former Employee - Mortgage Development Officer in Short Hills, NJ
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Sovereign Bancorp full-time (More than a year)

    Pros

    Good information when you start.

    Cons

    Middle management full of people that don't know what there are doing.

    Advice to Management

    Avoid working for this company at all cost!


  10. "Leader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    Benefits were ok, they have little resources to meet goals.

    Cons

    micro management and horrible leaders


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