Ares Management

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Ares Management Reviews

Updated Jul 25, 2014

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2.4 18 reviews

56% Approve of the CEO

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Antony P. Ressler

(9 ratings)

38% of employees recommend this company to a friend
18 Employee Reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Good brand to work for with good compensation

    Senior Associate (Former Employee) New York, NY

    ProsWork life balance is rough. Comp is good, limited training opportunities, limited growth opportunities, smart people, free food and meals,

    ConsAggressive and a bit arrogant culture, lots of office politics,

    Yes, I would recommend this company to a friend

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

    3 people found this helpful  

    Only the strong survive

    BackOffice Investment Management Staff (Former Employee) Los Angeles, CA

    ProsAres is a rapidly growing company. They set high expectations of their employees, and pay generous salary and bonus to compensate. Its a fast paced environment with constant interaction across group. They promote internal moves and upward mobility for strong performers. Office culture is generally relaxed. The free breakfast and lunch is great!

    ConsInconsistent distribution of work and accountability to meet goals across groups. Some have been outsourced, some have not. Some teams are growing and others are not. Senior management is disconnected from the day to day. Teams don't work together to resolve issues it becomes a finger pointing game.

    Advice to Senior ManagementConsider additional benefits such as telecommuting, flex time, better retirement benefits. Expectations for hours, performance, resources should be consistent.

    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

    1 person found this helpful  

    Pay and perks are good, but.....

    IT Infrastructure (Former Employee) Century City, CA

    ProsPay is excellent.
    Benefits are excellent
    other perks like free catered lunch and fre snacks are great

    ConsManagement demands are frequently unreasonable. Long hours are expected with little appreciation.
    In the end, I couldn't wait to leave.

    Advice to Senior ManagementBe more aware of the long hours employees are expected to work and compensate with comp time or overtime.
    Be more reasonable with project deadlines.

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

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

    1 person found this helpful  

    Good company to work for as part of support staff but only for a few years.

    Administrative Assistant (Former Employee) Los Angeles, CA

    ProsWonderful exec-level staff, beautiful office space w/ access to fully stocked kitchen, generous bonuses, great work-life balance.

    ConsAres can be very clique-oriented workplace, especially with support staff.

    Advice to Senior ManagementProvide more structure in back office operations.

    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
    • Disapproves of CEO

    5 people found this helpful  

    What a joke

    Senior Accountant (Current Employee) Century City, CA

    ProsAres Management's pros are as follows:

    1) Free lunch, breakfast, coffee, parking in Century City, and dinner if you work pass 10pm.
    2) The office is very nice and somewhat modern.
    3) The back office is fairly young.

    ConsAres Management's cons are as follows:

    1) Month-end process is TERRIBLE. There is no coherent and standardized process for the whole company. The monthly close process goes through numerous estimates. Once before close, once when management company needs estimates, and then another when final valuations are complete. The month-end process takes about 1.5-2 months to complete!
    2) Managers have no idea of materiality and will give a review comment on a variance of less than a $100.
    3) There is no standardized reports or process. This goes back to #1. They act like they're a big shop, but operate as a small shop. Their accounting system (Geneva) is "industry standard" but they don't have a standardized process across all accounting departments.
    4) Work papers are crap. Every work paper I opened at Ares had hard-coded numbers, circular references, and no form of automation. There is useless information in the work papers and some of the tabs are in other work papers. It's redundant.
    5) No idea of efficiency or automation. This goes back to #1 & 4. Ares Management employees are horribly trained when it comes to evaluating processes and improving efficiency. They have no idea on how to eliminate redundant processes.
    6) Investor Relations group is terrible. Investor Relations would sit on Investor's request for weeks and send it to other departments to complete a day before it's due.
    7) Loan Servicing group is a joke. The Loan Servicing group has no idea what they're doing and how their data entry into Geneva effects other departments downstream. They would update loan terms and it would effect other funds who sold the asset. When asked about it, they can't give a solid answer and the typical answer would be "Oh this is the way it was originally done and how it has always been done." In addition, you have to send them an example of prior entries to make sure they get it correct.
    8) Long hours. The management team have no idea of "industry standard" when it comes to work life balance and working long hours. However, this goes back to point #1, 2, and 5. They expect employees to work long hours and even holidays. What investment company or bank work holidays? Anyone? No one!
    10) They had an "innovation" contest. One of the innovations that won were In N Out truck Friday. Really? Guess who chose the winners? Go to #14.
    11) The company culture is to throw some one under the bus when things goes wrong. Most of the meetings are made up of defensive back and forth and finger pointing. They have no idea of working together as a cohesive team to be productive.
    12) Inflated job titles. Ares Management have different line of business/products and this leads to inflated job titles. They have like 7 to 8 CAO/CFOs and like 10-12 Controllers. In addition, each department/product line would have like 5 employees. They are nothing more than managers with over-hyped job titles, so they can go home and stroke their egos.
    13) The review process is a disaster. Ares Management has a tendency to demand deliverables early and once received they would sit on the deliverables for weeks. They would send back review comments a few days before the deadline and demand it be turnaround the next day.
    14) The Executive team are a bunch of amateurs. When they did the lift out, they had this meeting and announced it in front of the whole company. In addition, they even announced the names of individuals who were apart of the lift out in front of the whole company during the meeting. What high level Management team does that? They not only did it in an unprofessional matter, but they also got the rest of the company paranoid about losing their jobs. Decisions like these are done in close door meetings. Terrible business move. Furthermore, the CFO can't even speak English clearly and puts up a terrible acting job when it comes to being genuine.

    Advice to Senior ManagementThey say everyone needs a mentor to be successful and my advice to you is find a mentor.

    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  

    Great company to work for

    Executive Assistant (Former Employee) Los Angeles, CA

    ProsCompetitive salary
    Nice office
    Generally good people
    Free parking and lunch

    ConsNo clear career track. Can be stuck at the same position for a long time.

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

    1 person found this helpful  

    overall it was a good one

    Anonymous Employee (Former Employee)

    ProsOffice space, benefits, perks, smart upper management

    ConsHard to move up, more training needed

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

    1 person found this helpful  

    Terrible work/life balance. Unrealistic expectations and ridiculously long hours

    Anonymous Employee (Current Employee)

    ProsGood benefits - gym in office, free breakfast/lunch, nice office, great perks when traveling

    ConsHuge egos from senior management - everything is pushed down, no work/life balance, management expects you to be available to work at any given moment, weekly fire drill assignments, very long hours, low employee morale

    Advice to Senior ManagementCalm down and realize that almost anything can wait until the morning. Stop and ask what people actually think rather than passing more work down to the junior people. Hire more people to assist with the work that the senior people are promising but aren't actually doing

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

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

    3 people found this helpful  

    Be warned about taking a job in Finance or Operations

    Anonymous Employee (Current Employee)

    ProsFree food, OT if you are hourly, opportunity for promotions, office if you're at 2000 Ave of Stars

    Cons1. Low salaries even though they seem to think they are competitive. They are not. Companies like Capital pay way more with better benefits and work life balance
    2. Long hours (especially any finance job). Expect to work 12 hour days, weekends and holidays (like July 4). Walking into the CPE office on a weekend is just like walking in during a weekday, except people are dressed down. No work life balance. Several black out dates surrounding month and quarter ends where you can not take a day off.
    3. Little employee appreciation. Expect the occasional good job email from CFO or invitation to bare bones happy hour in the kitchen which will end at 7pm even though you are expected to work until 8pm.
    4. Work culture is every man for himself and throw people under the bus. This attitude is rampant here, I've never seen anything like it. Very poor intra-department understanding and communication. No one understands what anyone else does. You will undoubtedly get rude emails from other departments. When something goes wrong, everyone gets their blame stick out instead of working together to solve problems.
    5. High turn over which management thinks is normal - it's not.
    6. Zero accountability for bad managers (and there are plenty); you will never win against a manager here, no matter how inept he/she may be.
    7. Caged in with no natural sunlight if you're in CPE building.
    8. Zero (not a single person in the past 5 years) mobility from back to front office. I've never seen a firm culture that has such a strict wall up between their front office and the rest of the firm. They used to even do separate Christmas parties for the Front Office.
    9. 20% pay cut when they 'promote' you from hourly to salary, they won't compensate you for the OT you will be losing
    10. Operations departments are very cheap when it comes to ordering dinner despite them wanting you to work late hours.
    11. Executive management (CFO) has unrealistic deadlines and expectations of departments. Orders to work holidays and weekends comes from here. Not sure why someone who can't articulate a few grammatically coherent sentences in front of an audience is in this position.
    12. No encouragement of additional learning or expanding your skill set. They pay for the CFA only if you pass, ridiculous. Management probably understands there are no opportunities for a CFA here.

    Advice to Senior ManagementStart employee reviews of managers and enroll the poorly rated managers in management workshops, truly reward employees for their efforts with days off or nice happy hours that don't take place in the kitchen or BJs, do summer fridays where people can leave at 2pm, have competitive salaries that factor the hours you expect your employees to work, enact employee training, stop treating the front office one way and the rest of the firm in another way and educate departments on different responsibilities.

    No, I would not recommend this company to a friend

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

    2 people found this helpful  

    I learned alot but at a cost

    IT Infrastructure (Current Employee) Century City, CA

    ProsThe location is beautiful. The benefits are outstanding- free catered lunch every day. Pay is very good with very good bonus.

    ConsI can only speak for IT- Management are a bunch of micromanaging perfectionists that treat every small problem like its the end of the world. Its nearly impossible to meet their expectations. Reviews are brutal. Long hours are expected including weekends.

    Advice to Senior ManagementLighten up! you have very smart, talented people working for you- let them do their jobs.

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

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