AQR Capital Management

  www.aqrcapital.com
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AQR Capital Management Reviews

Updated Jul 15, 2014

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2.7 15 reviews

33% Approve of the CEO

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Cliff Asness, Ph.D.

(6 ratings)

46% of employees recommend this company to a friend
15 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Innovative, entrepreneurial asset manager focused on alternatives and clients

    Researcher (Current Employee) Greenwich, CT

    Pros- Stability from existing diversified businesses, but active in creating new strategies and products, which allow analysts and associates to get valuable business creation experience. You get the benefits of a larger firm infrastructure, while still get to work in small teams and retain a small firm feel where you feel like your work can have direct impact on the firm.
    - Extremely collaborative culture. No silos, and people are extremely pleasant to work with (for the most part).
    - Great relationship with academia. Some of the top finance professors consult for AQR, write papers with AQR researchers and speak at AQR from time to time.
    - Great place for young people to work at, given the majority of employees are young, and get to take on significant responsibilities quickly if they do well.
    - Generally good work/life balance

    Cons- As the firm gets larger, it can be more difficult to spend time with the senior researchers and partners (though still better than most other places in comparison).

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • No Opinion of CEO

     

    NameSake

    Vice President (Current Employee) Greenwich, CT

    ProsHas a brand name and if you want to get that name on your resume then it's great. Also good is the benefits, breakfast, lunch, dinner and the other health etc benefits (totally free).

    ConsMicromanagement and bozo's as managers, especially in the trading team. AQR is becoming more of a mutual fund and the research is more like a sell side story not buy side or prop kinds which is more alpha based. Also, on the trading side we have some new manager who is essentially a developer and has no research experience.Good at just playing games and abusive/micro manager. Also, this person does not have any PhD or real trading experience - but is the head. Quite an irony.

    The hours are unusually long and no you wont be doing creative thinking all the time but some nonsensical graphs and presentation to the manager and management who tend to be hypercritical if even color of graphs are not good or you have typos.

    More style and pretense than really any substance.

    Advice to Senior ManagementThe upper management doesn't care a jot as long as they get to tell clients what they want to to tell. This is not good for a long run. There are firms like Google that are also a great band but are more casual and encourage new ideas from employees.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    Run run away

    Ops (Former Employee) Greenwich, CT

    ProsGood pay and benefits -
    Breakfast, lunch, snacks provided. Pretty much any benefit you can think of - medical dental vision, paid for. Pay is high for the position.

    ConsEverything else. The people are arrogant and rotund (due to aforementioned free food). Managers are a give and take. Some are great, some are not. One will say one thing and one will say another. Overtime is the minimum, taking vacation time that's allotted to you is out of the question. Positions tend to be a tiny slice of the pie and you are required to work like a sweat shop worker on that little piece every day with no variety. Will not gain transferable skills or learn much of anything.

    Advice to Senior ManagementConsider less micromanagement and a career path. HR management is bordering on harassment.

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    you will be confused

    Researcher (Current Employee) Greenwich, CT

    Prosfree food, snacks and free transportation after 10pm.

    Consthere is no growth opportunity and you are supposed to work super long hours.
    the place is political. performance review is a joke, there is no transparent system to evaluate you. performance and compensation all depend on your relationship with senior managers.
    layoff and demotion without legit reasons make people very confused.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

    4 people found this helpful  

    Don't join if you have other options!

    Associate Portfolio Manager (Former Employee) Greenwich, CT

    ProsI didn't like the place, and didn't spend enough time to find any pros.

    ConsI will cut the chase and list the departments to avoid. Avoid any position is GSS. They do bad research using tech infrastructure from the last century. Avoid any "Portfolio Management XXXX" positions. You will be a slave working unnecessarily long hours with no clue of what you are doing. Avoid IT because you won't find any inspiring colleagues. Job is mundane and support for the most part of it.

    Advice to Senior Managementnone

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Welcome to the Hotel California!

    Gaa Researcher (Current Employee) Greenwich, CT

    ProsNone I can think of.

    ConsThis place makes sure that you don't earn any domain knowledge that is portable ensuring you remain its slave forever. This is true for majority of the hires in last few years who were attracted by the shiny sales pitch and the prospect of working at one of the world's largest hedge fund(correction - a small proportion of the managed assets are hedge fund) . The troops are largely demoralized and frustrated at the lack of growth and nebulas career path. Mid-level management shuffles are frequent, and irrational leading to unexplained demotions. Management is full of shiny ex-academic stars who are low on ideas and high on BS. This review is probably similar to others, and after three years I am frustrated. This place doesn't deserve a single five starts. Most of the five stars reviews are from gullible interns who after spending just two months, fattened by the free lunches and snacks leave awestruck by the gimmicky sales pitch. From my experience, it takes six months at AQR for the honeymoon to wane away.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    pass

    Analyst (Current Employee) Greenwich, CT

    ProsBreakfast is provided every day. An allowance is given for lunch and dinner

    ConsVery long hours. Pay is below average. No career growth. Very political. No partners have left but turnover among every other position is extremely high. This causes frustration because few people care about the quality of their work and few people completely understand all processes.

    Advice to Senior ManagementReduce turnover

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    5 people found this helpful  

    Just a glorified mutual fund company

    Researcher (Current Employee) Greenwich, CT

    ProsStable business, and relaxed culture. Looks good on your CV if you are looking to get hired at a junior position.

    Cons- Most of the people working here are generalist, and it is not easy to port the skills you learn at AQR to another job.
     - Old partners are well entrenched and there is little room at the top.
     - Not a place where meritocracy or loyalty matters. You do not have a chance to succeed if you are not a PhD in economics.
    - IT infrastructure is terrible for a quantitative firm who has been in business for almost sixteen years.

    Advice to Senior ManagementNone.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    7 people found this helpful  

    Terrible

    Analyst (Current Employee) Greenwich, CT

    ProsFree lunch, breakfast and dinner. They also have good selection of snacks.

    ConsQuality of work done by non-PhDs is terrible. There is no career progress of non-PhDs. If you are young and ambitious, this is not the place for you. Don't believe any word they say in career fairs. AQR's starting package is usually very attractive, but there no significant growth later on. If you are not a PhD you will either end up coding in python, or cleaning up massive amount of bad data.

    Advice to Senior ManagementNone.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    recommended

    Analyst (Current Employee) Greenwich, CT

    Prospeople are smart and nice, interesting problems to work on, pretty relaxed culture, quick to automate, many profitable/growing funds, little formality or bureaucracy, people are happy

    Consnot obvious how well you are doing unless you really ask, a few managers have no experience with leading people, unclear what the long-term goal of the firm is

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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