3.0
Aug 30, 2012
Current employee, more than 5 years
New York, NY
Recommend
CEO approval
Business Outlook
Pros
Prestige brand. Not many companies can claim to have been one of the two best companies at what it does for over 240 years. Great working environment and people in general. Good work/life balance, especially considering the norm in New York.
Cons
Because people do tend to stay for a long time, it tends to be a top heavy company (i.e., a lot of people in the management level). Because of this, decision-making can be slow, and advancement opportunities are very rare. Also, because of the prestige brand, the salaries are extremely low compared to similar roles elsewhere. These combine to create high turnover especially at the lower ranks, and lack of job satisfaction at the higher ranks.