Pros
Was a perfectly fine place to work with nice people and a good work-life balance. Depending on your group, some interesting clients. Decent bonuses (widely varies group to group).
Cons
Overall, a very middle of the road with a lot left to be desired for high performers. Commercial bank leadership is outdated in their ways and thinking and not with the times no matter how hard they pretend to be. It’s still run by old, crusty conservative bankers who miss the old days. All promotions and positions are purely time on the job and not performance related. You’ll wait a minimum number of years before being promoted (often 3 years per role) no matter how high of a performer you are. When you do get promoted the raises aren’t meaningful - $5k for a junior role, $10k for a more senior role. You aren’t even excited to be promoted because you’ve already earned it and had to wait the time requirement only to get peanuts. Many groups have people who shouldn’t still be employed that are kept around just because they’ve been there. There’s no team events or social gatherings to speak of. The bank knows they play in the middle of the pack in terms of talent and recruiting - it likely won’t take high performers long to surpass peers. Health insurance is not good - only one option - Blue Cross Blue Shield - with a high deductible. It’s an old school, slow moving conservative bank that isn’t a bad place to work - but it’s easy to quickly see there’s better places to work in terms of culture, teammates, benefits and pay. Stay and leverage it into a better opportunity.
