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2008 Best Places to Launch A Career

102. PNC Financial Services Group

Financial Services

More Info

Company Insight: PNC

HQ Address:
249 Fifth Ave
Pittsburgh, Pennsylvania 15222

Organization's Web site

Careers site

Managing Your Career

PNC Financial Services Group

Employees get paid week off to volunteer for early childhood education program.

Getting Started

Undergrad Internships

Internships are filled for 2008

Undergrad internships (paid and unpaid)

2008: 164 (to date)

2007: 117

2006: 62

100% of internships are paid, 0% are unpaid.

2007 interns came from the following classes...

0% Freshman

4% Sophomores

21% Juniors

75% Seniors

...and from the following majors:

94% Business

5% Computer Science

0% Economics

0% Engineering

0% Liberal Arts

1% Math

0% Science

0% Undeclared


There is an official summer internship program

Average summer program: 12 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: NA

Average total intern compensation: NA

68% of eligible 2007 interns received full-time job offers

72% of interns with offers accepted

Applicants & New Hires

Recruited on 165 undergrad campuses in 2007-08.
Made job offers on NA undergrad campuses.

Applicants for entry-level jobs

    2008: NA (to date)

    2007: NA

    2006: NA

Entry-level hiring

Entry-level hiring is complete for 2008.

New hires in:

2008: 81* (to date)

2007: 64

2006: 31

Entry-level hires who were undergrad interns

2008: 35% (to date)

2007: 22%

2006: 40%

Most important characteristics for new hires:

2 Analytical Skills

3 Leadership Skills

1 College Major

Entry-level employee data included in this profile is for PNC's strategic college recruiting hires. These individuals are identified as top performers and generally enter CORE, PNC's management training program.

2007 entry-level hires came from the following majors:

50% Business

20% Computer Science

10% Economics

0% Engineering

10% Liberal Arts

0% Math

0% Science

0% Undeclared

10 Accounting% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

NA% Total minorities

NA% Female

Salary & Benefits

Salary & Benefits

Entry-level hires since Jan. 1, 2008 (to date)

Average base salary:

NA% earn less than $35,000

NA% earn $35,000 to $39,999

NA% earn $40,000 to $44,999

NA% earn $45,000 to $49,999

NA% earn $50,000 to $54,999

NA% earn $55,000 to $59,999

NA% earn $60,000 to $64,999

NA% earn $65,000 to $69,999

NA% earn $70,000 to $74,999

NA% earn $75,000 and above

Bonuses, Overtime & Perks

NA% received signing bonuses

Average signing bonus: NA

NA% received performance bonuses in their first year on job

Average performance bonus, 2007: NA

70% of 2007 entry-level hires eligible for overtime

30% of 2007 entry-level hires not eligible for overtime

Reimburse employees for education expenses? Yes

Do employees become eligible immediately? Yes

Maximum annual education reimbursement: $5,250

Full grad school sponsorship for jr. level employees? No

Partial grad school sponsorship for jr. level employees? No

Time Off

Total paid vacation days

Vacation days during first year: 10*

Vacation days after one year: 10

Vacation days after three years: 10

Vacation days after five years: 15

Vacation days after 10 years: 20

Total paid holidays: 10

Paid time off for religious observances and/or floating holidays:

Floating holidays/religious observance days off per year: NA

Paid sick/personal days allowed in first year: 6

Flextime is an option for entry-level employees

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Entry-level hires are given access to a 401(K) savings plan

Max. company match as a percentage of salary: 6%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

Are entry-level hires eligible for company funded pension? Yes

Are entry-level hires eligible for profit-sharing program? No

Other Benefits

Does company match employee charitable gifts? Yes

Does company pay relocation expenses? Yes

Max. annual relocation expenses? NA

Employee Discounts on the following:

Gym memberships

Cell phone service


Notes: Vacation days are determined by both seniority and length of service. An employee with an assistant vice president title, for example, is eligible for 15 vacation days, even if they have less than five years of service. Vice presidents are eligible for 20 vacation days.

Moving On Up

Work Environment

Average entry-level work week: 40 hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

NA% in open work stations

NA% in cubicles

NA% in shared offices

NA% in private offices

NA% have no company-supplied work space

Typical dress code

Business Casual


Organization sponsors employee volunteer opportunities*

Does organization have fitness facilities on site? Facilities not available

Notes: Employees are provided 40 paid hours of time off each year to volunteer for Grow up Great, PNC's early childhood education initiative.

Training Programs

The organization has a formal orientation program for new hires

Program length: 1 days

Orientation includes the following:

Computer training

Guest speakers

Team building activities

Facilities tour

Benefits overview

NA average spent on training, per new hire, in 2007

There is a formal leadership or management training program that lasts less than a year:

Program Name: Core Program

How do new employees enter the program? Recommended/Sponsored

If not hired directly into program, when are most new hires first considered eligible? Immediately

Training program runs from 2 to 12 weeks

After completion of program, what percentage of employees receive a raise? NA

How much is the typical raise: NA

There is not a formal leadership program for entry-level hires that lasts a year or more.

Program Name:

How do new employees enter the program?

If not hired directly into the program, when are most new hires first considered eligible?

Is program rotational?

If so, how many locations or business units does the employee spend time at?

Minimum rotations:

Maximum rotations:

Length of program, in weeks:

Minimum: weeks

Maximum: weeks

After completion, what percentage of employees receive a raise?:

How much is the typical raise:

Does company have formal mentorship program? Yes

NA% of entry-level hires participate

NA days of additional training expected

Notes: The Core Program is PNC's management trainee program for top-performing college graduates. After an initial 12-week training program, associates in the CORE program are invited to attend continuing education programs throughout their first year of employment.

Getting Ahead

Three-year retention rate: NA%

Five-year retention rate: NA%

How are raises determined?


When are most entry-level hires eligible for their first raise?

One-year anniversary

How are promotions determined?

Both performance and seniority

When are entry-level hires eligible for first promotion?

6 months to 1 year


Frequency of evaluations


Most important characteristics for entry-level hires:

1 Customer Satisfaction

2 Sales/Revenue Generation

3 Teamwork

Min. tenure in years required for job change: 1

Transfer rules: Employees must have a satisfactory performance rating.

Long-Term Prospects

Does position of vice president exist at this organization? Yes

If not, is there a comparable title?

No. of employees who hold VP or similar title: NA

No. of employees with VP or similar title with 20 years plus seniority: NA

Age of youngest employee with VP or similar title: NA

Seniority of youngest employee with VP or similar title in years: NA

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