1. Their 401K is a vested stock contribution. This means that they contribute in stock, and to be fully vested, you have to wait 6 years in the company. It is not a cash match, and the stock can go down as so their contributions.
2. Their health plan is Blue Shield which is extremely expensive and with a high deductible and you only have two choices.
3. Their employee discounts, are literally coupons from websites, like capital one shopping. The fact they advertise this as a benefit is a joke.
4. They call this thing Meritocracy, and the bonuses are because of merit. Although they have that slogan, their bonuses are half cash and half stock. The stock takes three years to vest to full value and is taxed. In reality, you only get half of your bonus in cash and the rest is depending on the stock which you cannot sell in three years.
5. Crowded spaces. Their spaces are crowded with people who just graduated college. Their mentality is that if you are a manager you get a cubicle like a recent graduate, and only VPs and SVPs get offices, and the rest of the people, regardless of experience get to be like cattle.
6. They behave and act like a startup, their turnover rate is over 50% and the average employee is there for 4 months or less.
7. They give titles but pay extremely low compared to any other mid-size bank.
8. They have no brand recognition, but act as they do.
9. The bonuses make people compete against each other and the bank does not focus on teamwork.
10. HR is the worse, they have 19 and 20-year-olds running around not knowing what's going on.
11. There is a reason why they have 3.3 stars on glassdoor, all posted here not only in my review, but across, is sadly true.
