Ameriprise Reviews

Updated September 17, 2014
Updated September 17, 2014
561 Reviews
3.2
561 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Ameriprise Chairman & CEO Jim Cracchiolo
Jim Cracchiolo
331 Ratings

Review Highlights

Pros
  • Wonderful person who values work-life balance and wants to compensate me fairly (in 35 reviews)

  • Gained understanding of the financial planning industry (in 26 reviews)


Cons
  • Work-life balance could be improved by moving afternoon shifts to morning (in 17 reviews)

  • You will have to work long hours to meet the goals set for you (in 18 reviews)

More Highlights

146 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    IT at Ameriprise

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Minneapolis, MN
    Current Employee - Anonymous Employee in Minneapolis, MN

    I have been working at Ameriprise full-time for more than 8 years

    Pros

    If you get in with the right manager, you can advance fairly quickly. Salary is average, but bonuses are good. 401k match at 5% is average, which is a little ironic for a financial advising firm. Other benefits are below average. The work environment is fine, typical for a Fortune 500.

    Cons

    There are a lot of politics here. There's less of a focus on technology. Most Ameriprise IT employees are not technical, resulting in those that are having inflated egos. Vendors tend to have their way. Work-life balance is generally good, with occasional periods of additional effort expected. I'm not sure of the numbers, but turnover seems high.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Potential, Too Micromanaged

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Associate  in  Minneapolis, MN
    Former Employee - Customer Service Associate in Minneapolis, MN

    I worked at Ameriprise full-time for more than a year

    Pros

    People and atmosphere was very friendly, facilities and location were nice, absolutely zero take-home work.

    Cons

    Intense to-the-minute micromanagement of phone schedules, ridiculous sick days policy (got put on probation for using all of my sick days, no extra ones, one year), cliques were very noticeable and exclusive. They will tell you that phones are the number one way to start in the company and move upwards, but very few people actually get the opportunity for that.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Targeted Career Changer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor-Career Changer  in  Tampa, FL
    Current Employee - Financial Advisor-Career Changer in Tampa, FL

    I have been working at Ameriprise full-time for more than a year

    Pros

    One of the best training programs available. Decent Salary first year at $45,000 then to 33,000 year 2 and 15,000 year 3 if goals met prior years.

    Cons

    It takes much longer to establish your business than indicated during interview. Mentors require approximately 20% of your commissions, which is not disclosed initially. You won't have a life the first 3-5 years.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    felt undervalued most of the time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services  in  Los Angeles, CA
    Former Employee - Financial Services in Los Angeles, CA

    I worked at Ameriprise part-time for more than a year

    Pros

    I enjoyed the people a lot. I liked my boss because he was very caring and took us all out to events that he threw for his clients. good for entry level I suppose.

    Cons

    Did not feel valued at all. Did mundane tasks, even though we were promised to be trained in performing certain tasks. There isn't much room for growth. Stuck doing the same task that a monkey can do. If you're not the advisor, then you are nothing.

    Advice to ManagementAdvice

    Have your workers do more than printing copies and stapling stuff. I understand that everyone is expected to take Series 6 and 7, but there are still some things that people can do without having those qualifications.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Career Treadmill-- it can be fun!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ameriprise full-time

    Pros

    Great benefits. Once you're in, you're in for life. Hard to leave a nice company. VERY friendly people. Most of my friends in my social circle are people I met at AMP. Wonderful stock price. They truly care about the employees. Lots of ways to voice feedback. Onsite gym & cafeteria were stellar. I stayed because I had so many good friends.

    Cons

    Difficult to get promoted beyond Band 30-35. Can get stuck in a rut easily. Lots of boondoggle work in some departments. Lots of bureaucracy for changes. People are conditioned to do the same thing over and over again.

    Advice to ManagementAdvice

    Note when the employees are over-worked and re-arrange the workd. Eliminate some of the committee meetings for process changes. Stop re-inventing the wheel every few months to comply with new FINRA regulations.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Mediocre

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Paraplanner  in  Portland, OR
    Current Employee - Paraplanner in Portland, OR

    I have been working at Ameriprise full-time for less than a year

    Pros

    Decent place to start out of school.

    Cons

    Pay is lower than a warehouse job. Ed Jones pays for you to study and train, Ameriprise private franchises will work you like a dog.

    Advice to ManagementAdvice

    Corporate leadership should mandate proper training and on-boarding procedures for franchises.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Ameriprise

    Pros

    Solid company, fun work atmosphere

    Cons

    Long hours, no work life balance

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Very difficult to get going

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor  in  Conshohocken, PA
    Former Employee - Financial Advisor in Conshohocken, PA

    I worked at Ameriprise full-time for more than a year

    Pros

    The sales training is second to none and they provide opportunities for institutional advancement if you excess expectations.

    Cons

    They need a better compensation structure because advisors are forced to us commission-based products to keep up with quotas. They don't do what is best for the client, which creates and negative public image.

    Advice to ManagementAdvice

    Pay higher salaries and create incentive to build a business

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Franchise of Ameriprise

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ameriprise full-time for more than a year

    Pros

    Franchises have the freedom & flexibility to create our own client service model, so each franchise will be different. If looking at joining a franchise, be sure to find one that is consistent with your professional goals & values. Team based working environment. Managing partners provide professional guidance.

    Cons

    Weekly technology issues, which was a corporate issue & not the franchise. Within franchises there can be conflicting messages regarding employee roles & responsibilities.

    Advice to ManagementAdvice

    Increase involvement and/or awareness of how the company is being managed on a day to day basis, and how middle management is communicating with employees. Create a measurement of success for employees.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Working for Ameriprise was my first professional job out of college

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Paraplanner  in  Raleigh, NC
    Former Employee - Paraplanner in Raleigh, NC

    I worked at Ameriprise full-time for less than a year

    Pros

    Good entry level opportunity to learn skills and get series 7 and 66 while being paid, pay was decent for the job you do, something good to put on your resume when you're right out of school. It's a very good company I just have a negative experience with this particular franchise office.

    Cons

    worked in a very small office.. 3 people including myself, my boss was creepy for lack of better terms and could get away with inappropriate conversation topics in such a small office; at will employment- meaning you can be fired for anything. If working for this company work for corporate office or a larger practice

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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