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PNC Financial Services Group

Engaged Employer

Sinking ship - Associate Trust Advisor PNC Financial Services Group Employee Review

1.0
Oct 31, 2016
Recommend
CEO approval
Business Outlook

Pros

It used to be a good company. I suppose that's a pro if you have a time machine

Cons

Bill Demchek Is very short-sighted in my opinion. Here's the skinny: PNC underwent a "cost cutting effort" a couple years ago. They spent half a BILLION dollars on a building we didn't need and generous Bill decided that the employees are going to pay for it. So, they cut the phone benefit (they used to pay part of your bill since you were on call all the time and had the email app permanently implanted on your PERSONAL device), they stopped reimbursing you for parking when you were out on BUSINESS, they decided you can't take customers out to anywhere other than Eat n' Park on the company's dime, they froze all salary increases if you were promoted (seriously, more work with no raise), annual raises were capped at 1.2% (that's less than the cost of living adjustment), they completely changed the comp structure for sales and reduced commissions somewhere around 93%, there's an almost cult like attitude among management that seems to assume people don't actually need compensation for their service. ALL of their talent has left. Literally, everyone who had something to offer customers is gone. They went to Mellon, FNB, Merril Lynch, and Morgan Stanley. It's sad to watch what Demchek did and continues to do. PNC, Pittsburgh's behemoth bank, is going to fail in the next 20 years. Run for your life if you get offered an interview.

Explore other reviews about PNC Financial Services Group

5.0
May 21, 2026
Recommend
CEO approval
Business Outlook

Pros

Great People to work for. Management wants to see you succeed. Great hours and time off benefits.

Cons

Working with the public. Sometimes high stress depending on the customer.

2.0
Jul 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Compared with similarly sized institutions, PNC offers decent work-life balance. But it all depends on who your manager is. People are generally very helpful and always willing to answer questions. For the most part, I enjoyed my time there.

Cons

Compensation is frequently ranked among the bottom percentile in the industry, and this was no exception for myself. They do not take into account the cost of living of a certain area when you are in their analyst program. For example, someone in Nashville would have to the same compensation as someone with the same position in San Francisco. During my time there, it definitely felt very “laissez faire”. Communication among deal team members was also a bit unpolished, with juniors frequently having to play catch up. The bureaucracy and level of siloing between lines of business is awful. It slows down deal execution and overall efficiency.

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