Pros
- Readily hires recent graduates with minimal industry experience - Entry level salaries are respectable - Free Folgers (but this is really a con when you taste it) - Discounts on mortgages (but this won't apply for 99% of the applicants as the mortgage qualifications are incredibly strict and not geared towards first time homeowners)
Cons
- Extreme nepotism: Provident Funding is family owned and run by the extended family. I was around long enough to experience several managerial changes and it was clear familial relations were much more important than qualifications. - Company culture: Expect to be treated as an expendable worker. There is little to no camaraderie, basically no perks and a general understanding that good pay is more important than an exciting, friendly workplace. All non-work websites are restricted and no social events are organized. You will receive a $10 per diem for food around the holiday season but only if your team performs up to standard. The management will then tell you how special you are to get this per diem, basically making you think they treat you so extraordinarily well. This couldn't be further from the truth. - Constant job security threats: You are required to go through testing once you begin as an employee with the threat of termination should you do poorly on the tests. From the get go you get the feeling that you are expendable and not welcomed in with open arms. Once you are internally "certified" from passing the company tests, your work is monitored and should you make any mistake, a blemish is added to your company record. Problem is, mistakes are not rare in this industry and they know this.