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Lord Abbett & Co. Photos
Doesn't RecommendNegative OutlookNo opinion of CEO
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I worked at Lord Abbett & Co. full-time (More than 5 years)
nice office, gym, if you are fresh out of college and really need a job, they will hire you and can obtain your entry level tests (series 7, 66)
Funds - Only a few are sellable, large amount of assets in 1 fund (where all money has gone to over past 5 years), cant generate sizeable revenue from - why everyone is paid bad. Management - Has gone downhill dramatically over the past few years. They believe Lord Abbett is the best company and only company in asset management, and try to brainwash new hires by parading managers across company to talk about how "great" company is, its very pathetic - all people in the industry laugh at lord abbett now. no room to move around the organization, only if you were a successful retail wholesaler can you be given additional responsibilities and move around company. assets have been the same since 2008 and the company is no longer growing. key mgt was replaced to grow the company, he is doing the exact opposite. the company is ran on fear, no collaboration, take orders and do your job. avoid this sinking company.
Advice to Management
the company used to be good, assets used to be in equity funds, their used to be good managers at the top. most have left or replaced since 2008 and the company is in a very bad situation. replace key managers at the top of the organization.