Legg Mason

  www.leggmason.com
  www.leggmason.com

Legg Mason Reviews

67 Reviews
3.5
67 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Legg Mason President and CEO Mark R. Fetting
Mark R. Fetting
35 Ratings

Review Highlights

Pros
  • Great company and good work life balance (in 6 reviews)

  • Generally good people trying hard to perform (in 6 reviews)


Cons
  • Senior management lacks leadership qualities (in 8 reviews)

  • Sluggish recovery from the recession; doubtful organization structure; sometimes people could be too laid-back (in 4 reviews)

More Highlights

17 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Too much change

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

    I have been working at Legg Mason full-time (more than 10 years)

    Pros

    Flexibility, great office space, convenient (but expensive) parking, great location in Baltimore, good training and development opportunities (although it may be different depending on the department)

    Cons

    The culture and values have changed for the worse over the past few years. It's not Chip Mason's old company where employees were valued, rewarded and felt part of a family in a culture of "no chalk". De-centralized environment and communication with affiliates can be challenging. AUM outflows continue.

    Recommends
    Negative Outlook
    No opinion of CEO
  2.  

    Stasis

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Supervisor in New York, NY
    Former Employee - Supervisor in New York, NY

    I worked at Legg Mason full-time (more than 5 years)

    Pros

    Benefits of mid-size, established company with exposure to global market and relationships with other major firms within the industry. Depending on function, stress level is generally kept low.

    Cons

    Future of business model in question post-recession, company execs don't seem to have a definitive plan for moving company forward which has ripple effect on employee moral and career outlook.

    Advice to ManagementAdvice

    Be less reactive and more direct, with a clear objective - preferably including some sort of initiative for employee development and growth, and possibly scaling back range of products/services to operate with more efficiency.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Quality Corporate Environment

    • Comp & Benefits
    • Career Opportunities
    Former Employee - Executive Assistant in Baltimore, MD
    Former Employee - Executive Assistant in Baltimore, MD

    I worked at Legg Mason full-time (more than 5 years)

    Pros

    Very structured corporate culture that allows growth and values hard work and committment.

    Cons

    Management does not seem to have a clear vision for the company.

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  5.  

    It was the best of times, it was the worst of times.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Data Analyst in New York, NY
    Former Employee - Data Analyst in New York, NY

    I worked at Legg Mason

    Pros

    some good upper management people. diverse group of employees, not overly competitive

    Cons

    bland work environment. A lot of people just seem to be their for a paycheck. Not invigorating to work for.

    Advice to ManagementAdvice

    Better inter departmental communication

    No opinion of CEO
  6.  

    Company is ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY

    I have been working at Legg Mason

    Pros

    Good environment depanded on group your warking in. Benefits are ok, Time is from 8.30-5.30 mostly no overtime.

    Cons

    Company cut so much on cost and reduced staff so many times, so right now it seems it might be changing structure all the time. Not stable. Luck of communication.

    Recommends
    No opinion of CEO
  7.  

    My pro is the same as my con.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Business Analyst in New York, NY
    Former Employee - Business Analyst in New York, NY

    I worked at Legg Mason

    Pros

    If you want to work somewhere where you have a lot of free time and don't mind not advancing your career, then this might be the place for you. Compared to other places I've been employed at, the workload was lightest here.

    Cons

    What I listed as a pro is also the same thing I would put here as a con.

    Advice to ManagementAdvice

    Management needs to take stock of their employees and resources, determine what's not necessary and cut the fat. They need to run a much leaner ship.

    No opinion of CEO
  8.  

    Legg Mason

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Internal Wholesaler in Stamford, CT
    Current Employee - Internal Wholesaler in Stamford, CT

    I have been working at Legg Mason

    Pros

    Great pay, great benefits. A place to learn the ropes for the financial world and the wholesaling industry. Not a bad employer.

    Cons

    Poor management, lack of communication, senior management lacks experience in wholesaling and therefore treat it as a retail operation. Behind the 8 ball on what products should be offered considering current economic times.

    Advice to ManagementAdvice

    Provide timely information to employees regarding business decisions that may affect the way business is handled on a day to day basis. In a sales environment compensation creates motivation, therefore do not make promises you can not keep.

    Recommends
    Disapproves of CEO
  9.  

    Good Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Retirement Specialist in Baltimore, MD
    Current Employee - Retirement Specialist in Baltimore, MD

    I have been working at Legg Mason

    Pros

    This job is good because it pays me a lot of money and I do not live that far from the office.

    Cons

    This job is bad because i always have to deal with someone up in my business when I just want to be left alone to do my work.

    Advice to ManagementAdvice

    Take the time to understand that you are not the god of the company and you can't just tell everyone what to do or they will resent you.

    No opinion of CEO
  10.  

    Simply Neutral

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Fund Accounting in New York, NY
    Former Employee - Fund Accounting in New York, NY

    I worked at Legg Mason

    Pros

    Reasonable compensation for the amount of work

    Cons

    unresponsive management
    claims to have a formal internship program but HR coordinators are not accessible

    Advice to ManagementAdvice

    Be more inclusive of interns if you would like talented people to stay with your firm.

    No opinion of CEO
  11.  

    Legg Mason Opportunity?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY

    I have been working at Legg Mason

    Pros

    Legg Mason is a company of great job security and stability. The company is a top tier wall street firm with great history, and even though the financial downturns and turbulence, the company maintains its balance and strong model for success.

    Cons

    Legg Mason's upside of job security is also one of its down sides. Its model for retaining everyone even those of "Dead Wood" position along with a no-experience-only-tenure matters attitude, makes it difficult for ambitious and opportunistic employees to advance.

    Advice to ManagementAdvice

    Re evaluate the situation of employees and some times it’s not about being fair, but it’s about doing what’s right.

    Approves of CEO

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