Ameriprise Reviews

Pros

lots of vacation time. Flexible work schedule in some departments

Cons

Extremely hierarchical. Very difficult to grow professionally

Pros

Good pto. Room to move up, they promote from within.

Cons

Can be stuffy at times.

Advice to Senior Management

Push more decision making down the ladder.

Pros

It is satisfying to truly help families plan for their future and achieve their goals, Can be a great career, Being your own boss

Cons

Long hours, limited alternative investment options

Advice to Senior Management

more exposure for the company

Pros

My work is challenging and I enjoy how much self-direction I have. The compensation is fair though employee satisfaction has declined b/c the company continues to ramp down benefits and has started charging employees for certain things that used to be free.

Cons

Company is generally not supportive of work-life balance. There are really no opportunities for alternate work arrangements in my area, resulting in employee burn-out and reduced loyalty.

Advice to Senior Management

The company has been nickel and diming the employee base but compensation and perks for upper management are egregiously high.

Pros

A company with clear headed management that creates an empowering and motivating environment that encourages employees to contribute to the company's bottom line.

Cons

Just like in any company, not all the awesome ideas proposed by the management are taken to heart by employees...

Pros

No ceiling on your income. If you're motivated and you can handle the heat, plenty of opportunity to make a very good living.

Cons

What have you done for me lately, mentality. You can knock it out of the ball park for three straight quarters, have one bad quarter and you're constantly reminded of how you're not achieving.

Advice to Senior Management

Hire less but more proven people. They tend to hire as many people as they can and just wait to see which ones stick. Not uncommon to go from 60 people in the office to 30 in a matter of days. Only to ratchet back up to 60 in a few months.

Pros

Ameriprise is very "well-run". Focus on quality work and the customer are more than just lip service

Cons

Compensation structure is bad. Zero transparency to wages when almost all professional "individual-contributors" are in the same job band.

Too much work and little reward

Advice to Senior Management

It is time to start adding back more staff and improving compensation. Stop hiding behind market reference zones than nobody can see.

Pros

great experience, great company, great benefits, has the potential to make a lot of money if you put in the time

Cons

long-hours and not much home office support is weak. Lots of changes without realizing what the financial advisors think is best

Advice to Senior Management

I would suggest that management sticks with one plan and listens to what the majority of its producers want and think is best for their clients

Pros

Stock price is main focus. By knowing this, as an employee, it makes it easier to understand how decisions are made that may seem disconnected.

Cons

Work across departments is not easy due to the lack of sofisticated technologies supporting remote meetings. Using a phone for most communications is not the best way to create a team environment. The Technology team out of Minneapolis has some very smart people but have a hard time managing younger staff memebers.

Advice to Senior Management

Invest in more colaborative tools and recommend that the Technology teams take advantage of this service.

Pros

Competitive pay
A lot of overtime
Leads provided

Cons

Sleazy coworkers
Limited opportunities
No room for creativity or being individualistic

Advice to Senior Management

Take a deeper look at the current practices and ask yourself is it realy helping the customer