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Amalgamated Bank

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Amalgamated Bank Reviews

2.4

36% would recommend to a friend

(119 total reviews)

Keith Mestrich

43% approve of CEO

30% positive business outlook

Amalgamated Bank has an employee rating of 2.4 out of 5 stars, based on 119 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Amalgamated Bank employee rating is 35% below average for employers within the Finance industry (3.7 stars).

Reviews by job title

119 reviews
1.0
21 Feb 2017

Negative Reviews Are Spot On!

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Better than being unemployed (not by much)

Cons

Nepotism Cronyism Favoritism No training No 401k matching You'll have to live with "Amalgamated Bank" on your resume

1.0
15 July 2018

Believe in bad reviews

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Pension after 5 years if you survive.

Cons

Believe in all the bad reviews you read here. It is really really really bad here. Such an awful and toxic work environment. And don't believe in anything CEO said in social media or at conferences. As other reviews have said, it's all smoke screen.

2.0
24 Jan 2018
Recommend
CEO approval
Business outlook

Pros

(a) Pension Plan - if you survive 5 years. (b) Benefit package (c) Paid Vacation and Sick Days

Cons

(a) There is no matching of the 401(k) plan (b) Benefit package has been cut back during the last 6 years that I have been here. (c) Salary not at all competitive with the market rate in NYC. And once you start here, the annual increase is pretty small. I suspect those at certain levels get big bonus, but those of us at middle management get little. (d) There is no formal training program or career path - so you are entirely on your own if you want to grow professionally. And nobody here seems to have heard the concept of tuition reimbursement. (e) Layoffs happen on a regular basis (f) Those with connections to the executive suite get hired and promoted.

Viewing 1 - 3 of 119 Reviews

Glassdoor has 144 Amalgamated Bank reviews submitted anonymously by Amalgamated Bank employees. Read employee reviews and ratings on Glassdoor to decide if Amalgamated Bank is right for you.