SEI Investments

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SEI Investments Reviews

Updated February 28, 2015
Updated February 28, 2015
38 Reviews
2.0
38 Reviews
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SEI Investments Chairman and CEO Alfred P. West Jr.
Alfred P. West Jr.
38 Ratings

Review Highlights

Pros
  • Good work/life balance if that is what you are looking for (in 21 reviews)

  • It is a great work environment, unlike any other (in 19 reviews)


Cons
  • Do to the size of the company, the full notion of "open environment" is hard to achieve (in 8 reviews)

  • Hard to define career path, Hard to get pay increases, (in 6 reviews)

More Highlights

38 Employee Reviews Back to all Reviews

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  1.  

    Dilbert works here

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

    I have been working at SEI Investments full-time (more than 5 years)

    Pros

    Management has very low expectations for their employees. An underachiever, lazy, not prone to thinking very much type person fits SEI's model employee profile best and will succeed.

    Cons

    Management has very low expectations for their employees. Achievers, industrious entrepreneurs and deep thinkers need not apply as you are not a good fit. Management will not tolerate those who exceed their expectations.

    Advice to ManagementAdvice

    Management would need to change from the top down, meaning leaders with actual management skills and who recognize and reward talent need to replace current management.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    TCO Analyst

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

    I worked at SEI Investments full-time (more than a year)

    Pros

    Open floors

    High amount of responsibility

    Great place to build a resume due to the high amount of workflow

    Nice people

    Cons

    Good place to start, but little industry knowledge is gained - more SEI specific processes needed when on the job

    Outdated technology - a lot of data entry in most spots

    HORRIBLE pay leads to HIGH turnover

    A lot of unrewarded and unrecognized training of new employees becomes a main part of the job due to turnover rate

    Amount of work does not match compensation

    Disconnect between upper management and employees day to day workflow

    Advice to ManagementAdvice

    Upper management goal for 2014: "retain top employees." This was a truly shocking disconnect from the truth and total reality.

    How can that be a goal when top employees are given TONS more work and training responsibility, while receiving now raise in pay or title?

    Watched 3 top employees and an ENTIRE offshore (10 employees) walk because of the horrible pay within a 3 month span. HAHAHAHA RETAIN TOP EMPLOYEES. SHOCKING DISCONNECT.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Interesting start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant in Oaks, PA
    Former Employee - Fund Accountant in Oaks, PA

    I worked at SEI Investments full-time (more than a year)

    Pros

    - If you are a young employee, co-workers are all mostly 22-26, which is a nice environment out of college
    - Open environment (even though they have weird art work hanging around picked out by the CEO's daughter)
    - 401k plan, benefits are cheap, employee stock purchasing program
    - Heavy exposure to mutual funds as a whole, as opposed to other Fund Accounting jobs where you just get one piece
    - Great company happy hours/events!

    Cons

    - Hard to get promoted unless you work the right people - it is like "high school," if you are popular you get promoted. Promotions are more based on popularity and tenure than actual merit
    - Pay, well below industry average (which they mention but don't fix)
    - Lazy workers with a terrible complaining attitude; most people have no idea about mutual funds and won't be bothered to learn
    - Not much work/life balance from the bottom. Managers make you feel guilty for using vacation time (which doesn't roll over), hotel stays when it snows (could be 3 nights in a row!)

    Advice to ManagementAdvice

    Actually train people to do more than pull numbers from a PDF and just type numbers/use macros to do all the work; increase salaries; actually pre-scan potential employees before hiring to make sure they know how to use a computer at least.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    DO NOT WORK FOR THIS COMPANY! MANANGERS DON'T GET ALONG WITH THE ACCOUNTS. NO DIVERSE!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Fund Accountant in Oaks, PA
    Former Contractor - Fund Accountant in Oaks, PA

    I worked at SEI Investments as a contractor (less than a year)

    Pros

    Good learning process to learn mutual funds

    Cons

    Training is really bad. Need a lot of training to understand these mutual funds. They don't like it if you ask a lot of questions. I think that is disrespectful because they think the accountants know everything which is not true.

    Advice to ManagementAdvice

    Get rid of most of the managers. They need will train employees who can very diverse with everyone. Learn how to treat employees well instead of throwing paper and stuff to our desks to understand that we know everything? Yea right. Give me a break.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Don't be fooled

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Accounting Analyst in Oaks, PA
    Current Employee - Accounting Analyst in Oaks, PA

    I have been working at SEI Investments full-time (less than a year)

    Pros

    I got pretty good with Excel by doing this job. Other than that I can't really think of any pros.

    Cons

    If you are considering a job as an Accounting Analyst with SEI I have a couple pieces of advice for you that I had to learn the hard way. First, any accounting job that doesn't require you to have your CPA or even care whether or not you are pursuing it and doesn't require you to have been an accounting major in college (I worked with econ majors, math majors etc.) is not really an accounting job. There is no specialization required to do this job. They are just looking for labor and the salary reflects that. It is not even close to the market rate for an entry-level accountant. Second, if you are being pursued by one of the recruiting agencies, don't fall for the pitch. They will tell you anything to get you to take the job. They don't get paid until you start. And it's not SEI that is paying them. You are the one paying them by accepting a lower wage for the first 3 months. Finally, understand that if you do accept a job through the temp agency you will not have any benefits for the first 3 months and you will not be allowed to take any time off for the first 6 months that you are employed. You have to work there for 90 days before you are allowed to take time off but your time as a temp doesn't count towards that 90 days even though you are still working a 40 hour (or longer) week and doing all the same work as a full time employee.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    analyst

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

    I have been working at SEI Investments full-time (more than 3 years)

    Pros

    The pros of working with SEI is: fitness center; fitness classes; cafeteria has good/qualified professional grade chefs; community involvement; good training classes.

    Cons

    The cons: SEI does not offer competitive salaries; there is no clear structure as to who is in charged; open floor environment; the "promotions" are not merit based.

    Advice to ManagementAdvice

    Promotions need to be merit based; salaries need to be competitive.

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

    Horrible experience

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

    I have been working at SEI Investments full-time

    Pros

    Some perks include stock repurchase program, 401K, cafeteria, gym, and tuition reimbursement.

    Cons

    Started in IMS division after college and have regretted that decision ever since. Very difficult to move into new positions and the pay scale is pathetic. Management is well aware of turnover issues, but refuse to address it with more competitive pay. Majority of younger employees can't work from home and must stay in hotels during snowstorms. Don't work here and get stuck.

    Advice to ManagementAdvice

    Communicate more with employees and share your expectations, so they can have opportunities to advance. Salary improvements would go a very long way.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Portfolio Accounting Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Accounting Analyst in Oaks, PA
    Current Employee - Accounting Analyst in Oaks, PA

    I have been working at SEI Investments full-time (more than a year)

    Pros

    Great work/life balance.
    Decent opportunities for advancement.
    Good place to start after college

    Cons

    No real training process in place to ensure employee success.
    Below industry average pay.
    No flexibility for analyst to work from home when most work can be done from anywhere.
    Extremely high turnover rate.

    Advice to ManagementAdvice

    Pay analyst more and the turnover rate will decrease tremendously.
    Spend less company money on artwork.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Pay is low. They sell you alot on the culture but dont really care about you in long run

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

    I have been working at SEI Investments full-time (more than 3 years)

    Pros

    Get alot of exposure across different departments and sectors

    Cons

    Preach alot innovation and cutting edge technology but refuse to spend any money on real enhancements

    Advice to ManagementAdvice

    Don't pretend to be transparent when your clearly not.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Great stepping stone

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

    I worked at SEI Investments full-time (more than 5 years)

    Pros

    Great work life balance, nice campus, great people and some opportunity. Built a lot of great relationships while there. Great culture.

    Cons

    Below industry compensation especially given the workload and expectations. Good raises are rare. Limited advancement or training opportunities. Weak management. Ethics and policies loosely enforced... Not much on values. No interest in process improvement so many people are buried in mundane processes... Working hard but not necessarily efficiently.

    Advice to ManagementAdvice

    Compensate your employees to make them competitive to their industry peers.

    Recommends
    Positive Outlook
    Disapproves of CEO

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