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Amalgamated Bank

Is this your company?

It is not WHAT you know, but WHO you know that matters here. And hypocrisy abounds. - Manager Amalgamated Bank Employee Review

2.0
Jan 24, 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.

Explore other reviews about Amalgamated Bank

5.0
May 11, 2026
Recommend
CEO approval
Business outlook

Pros

Great team environment - gained full support from both Trust and Compliance team; new ideas were welcomed; closer relationship with higher ups; some of the work I did was used for executive reporting

Cons

It took some time to adjust to the program (systems) used by the bank

1.0
May 16, 2026
Recommend
CEO approval
Business outlook

Pros

* Mission-driven culture * Strong Social values and community orientation * LGBTQ+ inclusion and diversity efforts * Environmental/sustainability focus * Family-oriented atmosphere in some branches

Cons

* Outdated/manual operational processes *Communication gaps between leadership and frontline employees * Reactive management style *Inconsistent training and operational standardization * Heavy scrutiny and micromanagement concerns in retail operations

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