Does Amalgamated Bank pay their employees well?

According to anonymously submitted Glassdoor reviews, Amalgamated Bank employees rate their compensation and benefits as 2.3 out of 5. Find out more about salaries and benefits at Amalgamated Bank. This rating has decreased by 7% over the last 12 months.

How satisfied are employees working at Amalgamated Bank?

36% of Amalgamated Bank employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Amalgamated Bank 2.9 out of 5 for work life balance, 2.6 for culture and values and 2.2 for career opportunities.

What are the top reviewed jobs at Amalgamated Bank?

Vice President (7) , First Vice President (5) , Intern (5) , Underwriter (4) , Account Support Administrator (2) , Analyst (2) , Assistant Manager (2) , Assistant Vice President (2) , Associate (2) , Banker (2) , Commercial Real Estate Analyst (2) , Teller (2)

What are the pros of working at Amalgamated Bank according to real employee reviews?

"2) great people" ((in 10 reviews)); "Good benefits." ((in 9 reviews)); "1) great managers" ((in 4 reviews)); "The pay is decent and they are effective at making employees believe they are a fair and unbiased institution who believes in building and developing their employees." ((in 4 reviews)); "Good work life balance." ((in 4 reviews))

What are the cons of working at Amalgamated Bank according to real employee reviews?

"Layoffs are frequent throughout the bank on an annual basis." ((in 4 reviews)); "The CEO is extremely ego driven and doesn’t like hearing unfavorable opinions, so everyone shields him from the truth." ((in 3 reviews)); "salary is bit low for freshers" ((in 3 reviews)); "Why does management constantly slam its people because they don't know how to lead properly?" ((in 3 reviews)); "Extremely juvenile culture with a hostile environment." ((in 3 reviews))

What are employees saying about Amalgamated Bank layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Amalgamated Bank layoffs and their outlook for job security at Amalgamated Bank in 2026.

What are the top reviewed Amalgamated Bank locations?

New York , Chicago , Bronx , Washington , North Chicago , Sunnyside , Wantagh , Pasadena , San Francisco , Atlanta , Midtown New York

Amalgamated Bank reviews

2.4

36% would recommend to a friend

(119 total reviews)

Keith Mestrich

43% approve of CEO

30% positive business outlook

Company ratings over time

Ratings trend for the last 6 months (119 reviews)

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Amalgamated Bank has an employee rating of 2.4 out of 5 stars, based on 119 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Amalgamated Bank employee rating is 35% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

119 reviews

1.0

Jan 1, 2016

Don't Waste Your Time

Teller

Recommend

CEO approval

Business Outlook

Pros

Unionized, college credit reimbursement program, & weekly pay.

Cons

No room for growth, poor decisions made my management, & low pay grade. Someone can start as a teller and have the knowledge & experience for the senior teller position. When the position is available and geyser posted all qualified employees can apply. The only qualification needed is that you were employed for at least 6 months. All applicants are then interviewed by the branch manager. Once that is step is completed the manager will make a decision. The position will then be given to the individual who has seniority over the individual who had the knowledge & experience.

1.0

Aug 28, 2014

Time warp

Anonymous

Recommend

CEO approval

Business Outlook

Pros

Good benefits, good hours.

Cons

High turn over, people fired every other month. No room for advance since there were no managers around long enough to coach. Dated systems.

2.0

Aug 9, 2014

Stuck in neutral

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

The benefits at Amalgamated are not bad. One of the few places around that still has a pension AND a 401k, Also has a pretty liberal sick-day policy which allows for caring for family members.

Cons

The company is stuck in a time-warp. Technology is antiquated behind an inflexible management that micromanages every detail and thus, does not improve. As an example - there are some departments that have a typewriter. There are no opportunities for career advancement. Internal hiring / promotions are extremely rare. Current CEO Keith Mestrich has brought in many friends from the outside to run key departments. In addition, he seems more interested in political causes than in actually managing the bank. True that the company is advertised as a "progressive" company, but the day-to-day decisions of managing the bank should take precedence over what's happening in Washington.

Viewing 28 - 30 of 119 Reviews

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Jobs at Amalgamated Bank

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