Does Amalgamated Bank pay their employees well?

According to anonymously submitted Glassdoor reviews, Amalgamated Bank employees rate their compensation and benefits as 2.3 out of 5. Find out more about salaries and benefits at Amalgamated Bank. This rating has decreased by 7% over the last 12 months.

How satisfied are employees working at Amalgamated Bank?

36% of Amalgamated Bank employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Amalgamated Bank 2.9 out of 5 for work life balance, 2.6 for culture and values and 2.2 for career opportunities.

What are the top reviewed jobs at Amalgamated Bank?

Vice President (7) , First Vice President (5) , Intern (5) , Underwriter (4) , Account Support Administrator (2) , Analyst (2) , Assistant Manager (2) , Assistant Vice President (2) , Associate (2) , Banker (2) , Commercial Real Estate Analyst (2) , Teller (2)

What are the pros of working at Amalgamated Bank according to real employee reviews?

"2) great people" ((in 11 reviews)); "Good benefits." ((in 8 reviews)); "The pay is decent and they are effective at making employees believe they are a fair and unbiased institution who believes in building and developing their employees." ((in 5 reviews)); "1) great managers" ((in 4 reviews)); "Good work life balance." ((in 4 reviews))

What are the cons of working at Amalgamated Bank according to real employee reviews?

"Could use better leadership" ((in 4 reviews)); "Frequent layoffs." ((in 3 reviews)); "Why does management constantly slam its people because they don't know how to lead properly?" ((in 3 reviews)); "Extremely juvenile culture with a hostile environment." ((in 3 reviews)); "The CEO is extremely ego driven and doesn’t like hearing unfavorable opinions, so everyone shields him from the truth." ((in 3 reviews))

What are employees saying about Amalgamated Bank redundancies in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Amalgamated Bank redundancy and their outlook for job security at Amalgamated Bank in 2026.

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 Jul 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

It is not WHAT you know, but WHO you know that matters here. And hypocrisy abounds.

Manager

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

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Jobs at Amalgamated Bank

Client and Outsourcing Support Administrator

Online Branch Service Manager

Senior Contact Center Representative

Credit Underwriter (AVP/VP)

Visual Communication Manager