Prudential reviews

3.7

67% would recommend to a friend

(5,223 total reviews)
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Andrew Sullivan

60% approve of CEO

59% positive business outlook

Prudential has an employee rating of 3.7 out of 5 stars, based on 5,223 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Prudential employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

5K reviews
2.0
Feb 6, 2015
Recommend
CEO approval
Business Outlook

Pros

The job, as a sales producer (i.e. "FP" or "Financial Professional"), offers lots of independence and, IF YOU ARE WELL-CONNECTED offers the theoretical possibility of unlimited compensation. If you are not well-connected, you will have to devote countless hours to prospecting for clients. Sales is a lifestyle, not a job. You are always prospecting. There are numerous trainings and seminars offered. Professional development is good.

Cons

Compensation is exclusively commission-based. You will not get a base-salary. You will also pay for some operational expenses and almost all personal marketing. After two years you will pay an "agency fee" of up to $600/month for your desk. Also, if you are selling insurance primarily (as the vast majority of producers are) expect to have your express commission retracted (taken back) due to denial by underwriters, policy lapses within a 12-month period, or client's failing to follow through with underwriting. The result is that you have to constantly write business to account for the constant loss of commission. Because of this compensation arrangement it is actually possible to leave the company indebted to Prudential. I have seen it happen. Morale is not good because there are lots of producers/brokers who are just scraping by. A trend at the company has been to reduce commission percentages and to limit the number of contracts that give the producer residuals (i.e. recurring annual income from past contracts). Senior producers who have been with the company for years admit that the compensation available to producers has plummeted over the past 20 years. The trend continues. You will always be on the road and new clients are unreliable. Some of these cons are inherent in sales: others, as you can see, are not and are specific to Prudential as a company.

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Prudential Response
11y
Thank you for your candid feedback. We appreciate the input we receive from our associates. Prudential has a strong commitment to acting ethically. We hope that you have found Prudential to be a safe and open environment to voice your concerns to your supervisor or human resources contact. We encourage you to email us at staffing@prudential.com so that we can refer you to someone who will be able to address your concerns.
4.0
Sep 23, 2014
Recommend
CEO approval
Business Outlook

Pros

Prudential has 98% name/brand recognition, so it's great to be associated with that type of clout. Prudential also offers great benefits to employees and their philanthropy efforts are to be applauded.

Cons

Be sure to read the fine print! Depending on what type of job you accept it could mean the poor house! Corporate or staff positions at any location will supply a great career opportunity. Agency Distribution and Professional Financial Associate (sales) positions AVOID. You end up buying leads, even from Prudential! Position is 100% commission and you are asked to be/do everything from 200+phone calls/week, lead generation, business canvassing, administration and even, after 2 years, pay for your cube. Forget the promise of top-notch training! Overlook promises of $90,000 your second year! Again read the fine print.

2.0
Jun 12, 2014
Recommend
CEO approval
Business Outlook

Pros

Great Company Benefits.......401 K match.....control your schedule....great start into sales

Cons

When hired you are told what you can expect to make and you can cut that number in half to get a real idea. You are also not told that you have to pay to go to work there starting year two. also you are not compensated for mileage or gas and trust me you will be on the road almost all the time. This company pays everyone else really well except for the reps. The average wage in our office last year was less the 20,000 per year. and expect 4 months of unpaid training. All in all lots of hidden surprises your expected to pay for additional training and be expected to attend training seminars that are unpaid. also you only get 45% of what you make the company keeps the rest and your not told that the nice quarterly bonuses get dropped after you have been there for 6 quarters. Your asked to reach out to everyone you know move over as many assets as possible and then once that is done they want you out the door. They will sing your praises right out of the start gate and forget about you when times get tough. There are also ethical issues that you will have to look the other way when you know someone is just doing something to make a quick buck and when you bring it up to corprate they tell you to mind your own business and not worry about what other reps are doing. do yourself a favor and keep looking its not worth it.

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