U.S. Trust Reviews | Glassdoor

U.S. Trust Reviews

Updated March 17, 2017
198 reviews

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Full-time Part-time

3.5
Star Star Star Star Star
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Approve of CEO
U.S. Trust President Keith T. Banks
Keith T. Banks
94 Ratings

198 Employee Reviews

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Pros
Cons
  • Lacks vision post merger with Merrill Lynch business (in 7 reviews)

  • There is not much room for career growth (in 5 reviews)

More Pros and Cons

  1. "Specialty Asset Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Fort Worth, TX
    Current Employee - Vice President in Fort Worth, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at U.S. Trust full-time (More than 3 years)

    Pros

    I have been blessed to work with some of the best people I have ever had the honor to work with. My coworkers are so much fun that we do many things together socially. The work atmosphere is casual and upbeat. Compensation is very competitive. Bonuses and raises are largely performance based and it provides a good incentive. A testament to how happy employees are is that many of my coworkers have been with the company for 20+ years!

    Cons

    Advancement potential can be somewhat limited because most of the upper-level positions are held long-term. So it often requires someone retiring or being promoted to advance very far. As with all corporate fiduciaries, compliance and risk mitigation takes a considerable amount of time but is a necessary component of the job. On the positive side, US Trust has invested heavily in technologies to reduce the burden of dealing with compliance and risk mitigation tasks.

    Advice to Management

    Keep up the great work and continue listening to your employees


  2. "Large Organization"

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

    I worked at U.S. Trust full-time (Less than a year)

    Pros

    Has some of the best technologies to work

    Cons

    Lacks vision post merger with Merrill Lynch business


  3. "Portfolio Manager Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Analyst
    Former Employee - Investment Analyst
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at U.S. Trust full-time

    Pros

    Investment research is solid.

    Cons

    Incompetent mgmt and BofA culture have poisoned U.S. Trust. Behaving more like Merrill Lynch than a private bank.

    Advice to Management

    How are you still employed?


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  5. Helpful (1)

    "CSSO"

    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
    Approves of CEO

    I have been working at U.S. Trust full-time

    Pros

    great place to work for

    Cons

    bad on boarding training and

    Advice to Management

    building the careers of cssos and taos


  6. Helpful (1)

    "Anti-meritocracy"

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

    I worked at U.S. Trust full-time

    Pros

    Can do the bare minimum and abuse the system and get away with it

    Cons

    The opposite of a meritocracy - compensation, promotions, and responsibilities are based entirely on seniority. Antiquated firm slow in adapting to modernity.

    Advice to Management

    Keep convincing yourselves everything is great


  7. "Administrative Officer"

    Star Star Star Star Star
    Current Employee - Anonymous Employee in Fort Lauderdale, FL
    Current Employee - Anonymous Employee in Fort Lauderdale, FL
    Approves of CEO

    I have been working at U.S. Trust full-time (More than 8 years)

    Pros

    Great benefits and opportunities in banking areas

    Cons

    Not very professional when making promotions


  8. "Trust Administrative Officer II"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trust Administrative Officer II in New York, NY
    Current Employee - Trust Administrative Officer II in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent working environment. Great base salary, bonus, plus over-time.

    Cons

    Have not experienced any cons, thus far. Great company.


  9. Helpful (1)

    "Client Sales and Services Officer"

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

    Pros

    Good work/life balance
    Overtime benefits
    3 weeks vacation

    Cons

    No upward career potential
    Don't build quantitative or analytical skills.

    Advice to Management

    Promote good employees from within rather than bring external prospects. It lowers the morale of the entire working staff


  10. Helpful (1)

    "People are wonderful. I just don't see investments value creation when most of the time is spent managing clients."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Manager Associate in Los Angeles, CA
    Former Employee - Portfolio Manager Associate in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at U.S. Trust full-time (More than a year)

    Pros

    I learned tremendously, always surrounded by smart folk, and great resources. You can study for CFA and get test materials reimbursed.

    Cons

    Too much bureaucracy, at times you feel like you're completing tasks just for the process sake. You don't perform much valuations.


  11. Helpful (1)

    "Trust Administrative Officer"

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

    I worked at U.S. Trust full-time

    Pros

    Good benefits and coworkers, along with a steady paycheck with reasonable hours.

    Cons

    Toxic work environment with inefficient managers. The entire company sees this role as the bottom of the barrel. Only take this job if you need the paycheck. If you are looking for any kind of career development or a place where you will be treated like a human being, look elsewhere. Oh, and the pay is not competitive with other competitors. Shop around before you accept an offer here.

    Advice to Management

    Learn from your mistakes and stop repeatedly making the same ones over and over.



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