There are newer employer reviews for Capital Group

3 people found this helpful  

Good Pay, Poor Advancement, No Leadership

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - IT Group in Irvine, CA
Current Employee - IT Group in Irvine, CA

I have been working at Capital Group full-time (more than 8 years)

Pros

Pay is good. bonus occurs 2x a year

Cons

Bonuses are considered part of your "base". The bonuses continue to diminish dramatically year over year (net result is lowered overall pay). Company struggles with direction. Annual reviews are performed in the round, by a gathering of managers you don't come in contact with or have little to due with your assignments and how well you perform them..

Advice to ManagementAdvice

Associates should be reviewed based on the work assigned, not on a job description. You can't hold an associate hostage based on a job description that you assign to them rather than the work you give them to do! Mangers best know what is assigned and how the associates performed against the assignment, not a gathering the manager's peers... Use some common sense!

Doesn't Recommend
Negative Outlook
Disapproves of CEO

362 Other Employee Reviews for Capital Group (View Most Recent)

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  1. 1 person found this helpful  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - GSD Desktop Support in Los Angeles, CA
    Former Employee - GSD Desktop Support in Los Angeles, CA

    I worked at Capital Group full-time (less than an year)

    Pros

    Value all associates
    Career advancement opportunities

    Cons

    Old Technology
    team to communicate efficiently
    Really hard for company to make any type of changes

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 4 people found this helpful  

    Unless you are applying to work in investment management - Avoid like the plague

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Irvine, CA
    Former Employee - Associate in Irvine, CA

    I worked at Capital Group full-time (more than an year)

    Pros

    Health benefits.........Great medical, dental and vision....plus they subsidize the costs of some exercise equipment or gym membership......
    that is about it

    Cons

    Vacation-
    You get 3 weeks vacation as a first year associate yet they don't tell you its based on a convoluted wait list system that takes into account your rank, seniority and the days or weeks you want off. Most of the time people don't get to use their vacation because they can't get the days off. I had a coworker in tears because she couldn't get time off to see family and she asked for it well in advance.
    Management -
    Most managers are unprofessional, power-tripping, and have no idea how to manage themselves let alone anyone else. They are constantly belittling someone for whatever reason they see fit. It is so rampant in the American Funds Shareholder departments that you kind of get used to it.
    Workload -
    Workload is relatively simple yet mind-numbing and tedious. The work can be done by someone with only a high school diploma.
    Cafeteria -
    Supposedly the food is subsidized yet we would get emails every month letting us know they had to raise the prices due to fuel costs and the economy. They run the cafeteria like a for-profit food service. Food is not cheap by any means.
    Culture -
    You are force fed Capital Group propaganda on a weekly basis. You receive about 3 months of indoctrination and then you follow that up with new meetings and training sessions on a weekly or biweekly basis that is designed to program you to not think for yourself and obey-obey-obey. As ludicrous as this sounds...just ask someone who worked in shareholder services.
    Upward Mobility-
    Nearly impossible and most of the time those that get small promotions see pay raises within a dollar or two increase. The smart people try to move horizontally but that doesn't get you very far. I was lucky and I contacted the Investment Group on my own and I was able to land an interview for a Research Associate
    To Add Further Insult -
    If you make the 5 year mark they take you to the LA office to see how Capital Groups employees are treated like actual people. They sit you down in a conference room and they bring in people from different groups to tell you how amazing their jobs are only to make you feel smaller. People who went on this 5 year trip went home in tears.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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