employer cover photo
employer logo
employer logo

PNC Financial Services Group

Engaged Employer

PNC Financial Services Group reviews

3.2

49% would recommend to a friend

(9,879 total reviews)
avatar

William S. Demchak

50% approve of CEO

44% positive business outlook

PNC Financial Services Group has an employee rating of 3.2 out of 5 stars, based on 9,879 company reviews on Glassdoor which indicates that most employees have a good working experience there. The PNC Financial Services Group employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

10K reviews
1.0
Oct 26, 2014
Recommend
CEO approval
Business Outlook

Pros

If you are working in a legacy market like Pittsburgh or New Jersey this is a great opportunity. It all depends on the book of business you are inheriting. They did not have a sizeable book of business in Illinois when I worked there. They would just churn FAs and old National City FAs would inherit the books after the new FAs quit.

Cons

1. High turnover. I did not meet a new Financial Advisor at PNC Investments that lasted more than a year in Illinois. They would try to bring people from Pittsburgh but those individuals would also leave after a year due to low pay. They tried bring top advisers from Chase and Fifth/Third and they would leave within 6 months. 2. Low Pay. - Individuals in there 40s would be making less than $30,000 a year. Some were forced to pay back debt after they left. 3. Unfair goals. Suppose you inherit a $100 million book of managed money in Pittsburgh. You lose half of the clients and at the end of the year your book is $50 million. Suppose, in Illinois, you get a book of business of $2 million, you grow the business 5 fold to $10 million. Who should make more money - the individual who lost half the book or the individual who grew the business 5-fold? In PNC's world, the individual who has the larger book should get paid more. You are measured by how big your book is and not how well you grow it. In Illinois you will cover branches that have no history of getting investment accounts. You can turn things around but at the end of the year you are measured by the size of your book. You are getting compared to people in Pittsburgh who inherited books and are doing nothing to grow their business.

2.0
May 22, 2019
Recommend
CEO approval
Business Outlook

Pros

Pension plan, pay, training and benefits.

Cons

Work life balance, no recognition program unless your in the top 1%, call nights every week. High turnover with no real recruiting plan. Over saturated markets with pitting branches against each other for sales. Borderline unethical sales goals and practices. Less than 1% annual raises for many years.

2.0
May 3, 2019
Recommend
CEO approval
Business Outlook

Pros

Most IT people are very nice, and helpful. Remote work is nice. They say work/life balance, and sometimes it works out, and many times it doesn't.

Cons

Executive IT managements solutions to any application failures is a punishing amount of documentation and excessive paranoia. And because of recent release failures, even more documentation and draconian release policies are coming. For example, in the past for a typical release, you could have 1 Change Request in ServiceNow, and list all your changes. Now, the desired practice is 1 CR for each change. Which means, you can easily have 12 to 20 CR's to manage. You would think there is any easy to manage them, open/close them, etc. But you would be mistaken. If you are in Production Support, then at least 50% of your time will be spent in needless paperwork. The real point of all the separate CR's is to game the system, since upper IT executives only see the CR level detail, so it's better to have an application fail 1 CR out of 20, than to fail 1 of 20 tasks in 1 CR, since 1 task failure fails the entire CR. This is because apps are required to have a 99% success release rate. And even if the issues during the release aren't your fault, but say the DB or server teams, your CR will still fail, and your team will bear the brunt of the excessive paperwork. The other teams won't do anything. Most of the shared services teams are very good at passing the buck back to you. Upper IT Management is now pushing Agile/Devops as the lastest buzzword, as if that will solve all the problems (perhaps it will solve their bonus problem). They are at least 10 years late to Agile/Scrum, with many companies beginning to abandon Scrum specifically as a flawed process in general, treating developers like interchangeable cogs, which they aren't. There's usually 1 developer on a team who is more productive than most of the others combined, but sure let's just keep thinking all are equal in ability and skill. They have also been touting DevOps as the saving process for Production support, and claim reduction in paperwork & easy standup of new environments, etc. But they've been pushing DevOps for 2 years, and instead, paperwork and need for approvals has increased. It still takes months to move into a new environment due to excessive paperwork and approvals. An example of PNC's fine management process is their Firewall process, they have 2 separate systems to enter FW requests (yes one is going away, but both have coexisted for almost a year now). And if you don't want to wait well over 2 weeks to get your request done, you must escalate through a designated person, who then must add it to a Sharepoint site, to escalate a SN request. You would think with the whole DevOps strategy, they would've already enabled all FW request management within SN. But apparently they can't even keep 1 SN developer on board since in the past year we've gone through a few. Then let's talk about the really well planned Agile patching process (sarcasm). You get to pick what dates you wish to get your apps environments patched. But they commonly overrule what is best for your app, and schedule a different day. On top of that, the Microsoft IIS team must hire people who have no experience, since they commonly have no idea how to encrypt connection strings, and forgot to enable settings. What should be done in 30 minutes can take a couple hours when a IIS person come on. Then often you ask them for control and do what needs done, since they give up, and realize they don't know what they are doing.

Viewing 16 - 18 of 9,879 Reviews

Glassdoor has 10,541 PNC Financial Services Group reviews submitted anonymously by PNC Financial Services Group employees. Read employee reviews and ratings on Glassdoor to decide if PNC Financial Services Group is right for you.