Pros
Great opportunity for those under 40 years old. If you need a job, and you have a personality that can sell without thinking, this place is for you. They will train you, pay for licensing, hone you to their standards and make you comfortable, as long as you don’t think. The benefits, though constantly constricting, are ok.
Cons
For a company that place is such an emphasis on finding value to add (in soliciting customers), they fall short in adding value to their existing resources and people. It is truly sad when employee in a booming economy has to fight for pay raises and commission payouts, When a corporation is showing extraordinary profitability. It is also truly sad when employees hit plateaus or glass ceilings because it would cost That same employee to move up the ladder. It would cost them in time it would cost them and lost sales pipeline and ultimately in income from 1 to 3 years. It’s also unfortunate that there is a Glass ceiling when it comes to age and upward mobility in this company. Find me a NEW relationship manager who is over the age of 40. Finally, it’s unfortunate that this company has pigeonholed itself in the offering of products and services. While they sell the shiny appearance of “private client”, and offer these positions to potential employers as “a privilege” - It is no longer a truly privileged position. And there is no true value (for branches outside of major metro areas). Rates are same, lines are same and the banker that was supposed to be their dedicated point man can’t help, because he’s reversing the fees on an account for someone who shouldn’t be banking in the first place. The only thing that made Private Client special is that employee - he/she is the difference between standard retail brand banking and private client banking. Not the product, not the name - it’s the employee. Employment with this company Has turned out to be a diminishing return on my investment of time, money and expertise. It’s a shame, I once loved this place!