Valley National Bancorp Reviews in New York City, NY | Glassdoor

Valley National Bancorp New York City Reviews

Updated August 2, 2017
84 reviews

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New York City, NY Area

3.0
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Valley National Bancorp Chairman, President, and CEO, Valley National Bancorp and Valley National Bank Gerald H. Lipkin
Gerald H. Lipkin
41 Ratings

84 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Sr. Collector"

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

    I worked at Valley National Bancorp full-time (More than 8 years)

    Pros

    plenty of room for advancement

    Cons

    starting saleries and bonuses are low

    Advice to Management

    none


  2. "Look elsewhere"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Wayne, NJ
    Current Employee - Anonymous Employee in Wayne, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Valley National Bancorp full-time (More than 3 years)

    Pros

    Some of management in customer service. I say some because not all know their stuff, they talk behind your back or lie about you, some think they in charge of all depts instead of their team

    Cons

    Dress code very strict they pinpoint everything...raises please no more than $.50 other jobs get $.75 or more per raise. As much work as we do raises be $.20 like what is that. Work holidays but other depts are off enjoying their families.

    Advice to Management

    You won't lose money on dress code to be so strict no one really comes to customer service.

  3. "Sales Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Associate in Hackensack, NJ
    Former Employee - Sales Associate in Hackensack, NJ
    Recommends
    Approves of CEO

    I worked at Valley National Bancorp full-time (More than 3 years)

    Pros

    Hands on Training. Easy bank to start at if you are looking to go further into the banking industry. Little to no sales goals.

    Cons

    Branches were usually short staffed. Schedules in some branches were more inflexible.

    Advice to Management

    Hire people faster.


  4. Helpful (1)

    "Valley"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Associate in Hackensack, NJ
    Current Employee - Sales Associate in Hackensack, NJ
    Neutral Outlook
    No opinion of CEO

    I have been working at Valley National Bancorp (Less than a year)

    Pros

    Valley doesn't push so hard on sales goals. It's a more laid back banking environment than most.

    Cons

    Pay is low. Bank is very "conservative" meaning technologies are behind and capabilities that other banks have do not apply at Valley.

    Advice to Management

    Update! Update! UPDATE! Valley needs to step into the modern world. It's 2017, and there are plenty of things Valley COULD be doing that they are not.


  5. "Credit Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst in Wayne, NJ
    Former Employee - Credit Analyst in Wayne, NJ
    Recommends
    Positive Outlook

    I worked at Valley National Bancorp full-time (More than 3 years)

    Pros

    Good work- life balance. Hours run from 8-5 pm. Managers are open to new ideas and discussions.

    Cons

    Some of the software is outdated and culture is also outdated.


  6. "Time for an Overhaul"

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

    I have been working at Valley National Bancorp full-time (More than 8 years)

    Pros

    There are some pockets of great people. The company is set for changes and could be great in the future.

    Cons

    Everything about Valley (NY and NJ) is out of date. Diversity is lacking especially in upper management. The pay is lacking.

    Advice to Management

    Full overhaul from the top down.


  7. Helpful (1)

    "Management has no idea what they are doing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Associate in New York, NY
    Former Employee - Sales Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Valley National Bancorp full-time (More than 3 years)

    Pros

    People that I worked with were amazing and made my day go smoothly.

    Cons

    Pay rate is low comparing the amount of work they gave me to other workers in other branches.

    Advice to Management

    They need to hire people capable of doing the job.

  8. "Valley and the rewards"

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

    I worked at Valley National Bancorp full-time

    Pros

    Friendly working environment. Generous vacation and sick day benefits, Talent and good performance is recognized with promotions as the majority of Senior Management has been elevated from lower levels.

    Cons

    Salaries are not at market levels.

    Advice to Management

    Perform an analysis of peer bank salaries,


  9. "Branch Service Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Whippany, NJ
    Former Employee - Anonymous Employee in Whippany, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Valley National Bancorp full-time (More than 5 years)

    Pros

    Friendly atmosphere, great location, great customers.

    Cons

    Work life balance, growth, flexibility


  10. "It was a nice experience, eventho i didnt have any prior bank experience but still got hired with good pay."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Associate in Maplewood, NJ
    Former Employee - Sales Associate in Maplewood, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Worked as sales associates and basically u do nothing of work as compare to other banks. Also i think its the only bank which doesnt have any sales goals

    Cons

    Its a very conservative bank. Still need alot of improvement and need to keep up with other banks. You cannt really change any customer info at branch, alot of paper work and everything has togo back office


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