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PNC Financial Services Group

Engaged employer

Cronyism at its worst - Anonymous employee PNC Financial Services Group Employee Review

3.0
18 Mar 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Work-life balance including work from home, but only IF you work for a manager who supports it. Prestigious and well-recognized company name in several major cities.

Cons

Lately there has been a huge influx of former employees of Bank of America. The gravy train from Charlotte to Pittsburgh shows no signs of slowing down. People are being hired from BAC without anyone internally being given the opportunity to interview. I am astonished to think how much money this company is paying in relocation expenses when there are plenty of people already working for PNC who could do the job. The newbies are also being paid much better than existing employees. Yet there is an extreme focus from senior management on cost savings. It doesn't make sense. Raises are practically nonexistent. 1% was the norm this year. Too many people sit around with nothing to do. Non-performers are allowed to coast. They keep getting bounced around from department to department while those who are good performers have to take on the slackers' work with no additional compensation. They are also pushing the cost of health care more and more onto the employees. Couple that with the recent paltry 1% raises, and everyone essentially got a pay cut this year. If you transfer internally into a job with a higher pay grade, you will not get a raise. The company justifies this by saying they have overlapping compensation bands. In reality, you are simply alienating good employees.

Explore other reviews about PNC Financial Services Group

5.0
21 May 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
2 July 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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