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Amalgamated Bank

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Amalgamated Bank reviews

2.4

36% would recommend to a friend

(119 total reviews)

Keith Mestrich

43% approve of CEO

30% positive business outlook

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
Mar 11, 2019
Recommend
CEO approval
Business Outlook

Pros

Fair compensation, good benefits plan and a pension plan.

Cons

If you're not part of the good old boys inner circle, you're really overlooked, under compensated and disposable. They don't recognize and reward middle management talent and what they bring to the organization.

1.0
Sep 21, 2019

Steer clear of this toxic culture

Recommend
CEO approval
Business Outlook

Pros

None that I can think of.

Cons

Amalgamated is a terrible place to work. It’s run by a group of good old boys (and a few women but it’s pretty male dominated despite how the CEO likes to talk about women at the top—it's just for show.) Upper management makes decisions without considering how it will impact the ones implementing decisions. They see people as numbers and don’t care about them as people or happy employees. The CEO rewards his favorites well but it’s an opaque system where if you’re not a CEO favorite, which means a direct hire of his, then you won’t be rewarded or advance in your career as much. The CEO is extremely ego driven and doesn’t like hearing unfavorable opinions, so everyone shields him from the truth. For example if a project was a total disaster and went poorly, everyone will pretend it was a success to the CEO. Believe the other reviews where it says everyone talks badly about each other. The CEO even talks poorly of his own staff to other staff. People will backstab each other easily. The bank claims to have social values but it’s really just greenwashing. The majority of the employees that have been there a long time don’t really even know/care about the social mission and the bank does little to educate everyone about it.

3.0
Jun 2, 2018

Na

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Benefits are great , people you work with each day are qualified and friendly

Cons

The company has no direction, laying off top employees including upper management, IT, HR? Closing branches ,cutting staff, horrible technology, I could go on

Viewing 4 - 6 of 119 Reviews

Glassdoor has 144 Amalgamated Bank reviews submitted anonymously by Amalgamated Bank employees. Read employee reviews and ratings on Glassdoor to decide if Amalgamated Bank is right for you.