Bessemer Trust Company

  www.bessemertrust.com
  www.bessemertrust.com
There are newer employer reviews for Bessemer Trust Company

 

Too Political

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Vice President in San Francisco, CA
Former Employee - Vice President in San Francisco, CA

I worked at Bessemer Trust Company

Pros

Decent salary, professional work environment, top shelf benefits

Cons

Very political culture that doesn't reward actual competence . Difficult asset allocation models designed more for legacy trust accounts than to fit individual situations. As an account manager you have very little leeway to customize your account management process.

Advice to ManagementAdvice

Become more nimble

Disapproves of CEO

20 Other Employee Reviews for Bessemer Trust Company (View Most Recent)

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  1. 2 people found this helpful  

    VP CAM in SF Office

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Client Account Manager in San Francisco, CA
    Former Employee - Client Account Manager in San Francisco, CA

    I worked at Bessemer Trust Company

    Pros

    This is a great job for any FA tired of building a book of business at a conventional Broker/Dealer. You get a nice office in a beautiful building. You don't have to hear other FAs pounding the table all day. In our current economy-- you should be able to sleep better knowing that your clients are at a small, private, well capitalized bank-- even if the investment returns and strategy are generally sub-par compared to the competition . The Peets coffee is always fresh and hot, and it’s basically a SAFE place to work for a meek person without a tongue.

    Cons

    BEWARE, this organization is very political. After the first few weeks on the job-- I knew my days were numbered. I bit my tongue for as long as I could as my wife was pregnant and needed the benefits. My story there is a long one, lasted about 2 years, but the general cons are this place is run from the top down and senior management doesn't really seem to understand the investment business very well. The Trust business is run very well!!!--- relative to the competition. A new rising star in the company show a lot of promise (GW) on the investment front. This is a private investment company, and its run that way.

    Advice to ManagementAdvice

    The current employee base is fairly unremarkable. You will forever be struggling to achieve your goals with your current employees and its due primarily to the fact that they are basically automatons. The ones that last are politically savvy survive and advance over the years—but from my 2 year working knowledge—very few Client account managers are any better than paper pushers, nowhere near the best in the business. You will forever be outclassed and outsmarted by Goldman etc for the best accounts. While you have a stable culture (which is very important in the Trust business), the client account teams are very mediocre.

    Doesn't Recommend
    No opinion of CEO
  2. 1 person found this helpful  

    Good company to work for...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bessemer Trust Company

    Pros

    Friendly environment and very good benefit package. Bessemer treats employees nice and they have the best benefit packages in the industry. Senior Management has good vision and steer the direction of the company very well. The company's 100+ years accumulation of experiences also a big plus when there is any turbulence on the path. All in all, this is a good company for people who's looking for a long-term, steady working experience.

    Cons

    Not a good place for dynamic-oriented types. Conservative, yet, not the worst in banking and finance industry. For those people who's looking for "Tele-commute", this is not the company you looking for.

    Advice to ManagementAdvice

    Could be more open to new things, like new technology...

    Recommends
    Approves of CEO
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