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Commonwealth Financial Network

Engaged Employer

Commonwealth Financial Network reviews

3.8

57% would recommend to a friend

(128 total reviews)

Wayne Bloom

54% approve of CEO

37% positive business outlook

Reviews by job title

128 reviews

Reviews about "Compensation"

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1.0
Apr 26, 2022

Needs Work

Recommend
CEO approval
Business Outlook

Pros

Co-workers were nice and helped each other.

Cons

There were plenty of cons during my stint at Commonwealth. First, the pay is a joke, was my first job out of college so did not think much of it but when you get paid <45k in the Boston area it is almost a poverty wage for the high cost of living. Could easily double your salary at any other financial firm in the area. Upper management has been there for 20+ years and it shows - do not value new employees - will not take advice and just keep running the place into the ground. They definitely value longevity, which new employees will never see with such high turnover. You are doing a disservice to yourself working there for more than 1 year in this job market. One instance that also made it a turnoff was at a firm-wide town hall first talking about back to the office the CEO got visibly upset with the questions being asked about WFH. If you also notice he replies to some reviews which I think is pretty unprofessional, just do not be fooled.

4.0
Mar 24, 2022
Recommend
CEO approval
Business Outlook

Pros

Good culture, collaborative environment, in-office perks

Cons

tough location for commuters, non-competitive salaries, additional benefits are available but not great options for all employees (vacation properties, for example).

2.0
Mar 19, 2022

Look in the mirror

Recommend
CEO approval
Business Outlook

Pros

My manager and team were great, can’t say much about rest of CFN

Cons

1. WFH policy is absurd. No business plan was ever laid out for why we should return to office other than top management wanted employees to talk over coffee?? 2. If you’re in an advisor facing role, get ready for them and their assistants to yell at you. Was told in orientation how CFN only brings in “good” people as advisors, couldn’t be further from the truth when it comes to interacting with advisors and their support staff on a day to day basis. My ops department has lists of offices no one wants to deal with 3. Pay, CFN wants you to commute to work on a ~50k salary if you’re a 2-3 year tenured employee. Look up Waltham rent and tell me how you can live a good life with todays gas prices, rent prices and you can’t work remote, so out of touch. We have our top people talking about inflation on cnbc but never saw an inflation bump in our pay checks.

Viewing 49 - 51 of 128 Reviews

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