Legg Mason
3.3 of 5 58 reviews
www.leggmason.com Baltimore, MD 1000 to 5000 Employees

58 Employee Reviews (View Most Recent)

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Legg Mason - Prestigious, Professional but Failing?

Anonymous Employee (Current Employee)
Baltimore, MD

I have been working at Legg Mason

ProsLegg Mason is a leader in its field of asset management. It manages over $600 billion in assets. Although just a few months ago it was close to $1 trillion. It is well known in Baltimore and is prestigious. My department does things to a high level of quality and is very professional. The co-workers are generally intellegent and hard working. Ad-hoc work teams are successfully formed for the completion of projects.

ConsThere were heavy layoffs in December and smaller layoffs recently. There is often no letup in the work and you can begin to feel like a machine going from one task to the next. It has been described as being like a hamster on a wheel. There have been major losses recently. In a recent quarter over 1 billion was lost. Investment performance has been dismal and customers are moving hundreds of billions out of the company. The threat of more layoffs is ever present.

Advice to Senior ManagementConsider firing failing money managers and consider other business models.

Yes, I would recommend this company to a friend

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Legg Mason -- Stamford, CT

Vice President (Former Employee)
Stamford, CT

I worked at Legg Mason


Pros: Nice, collaborative atmosphere. Attention to quality and detail is high.… Cons: Current financial strains led to downsizing. No effort was made to consider shorter work weeks or broad salary reductions… Advice to Senior Management: The first company that publicly finds a way around workforce reductions and creatively saves costs will be able to say that these extraordinary efforts were… Yes, I would recommend this company to a friend More

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Simply Neutral

Fund Accounting (Former Employee)
New York, NY

I worked at Legg Mason


Pros: Reasonable compensation for the amount of work Cons: unresponsive management claims to have a formal internship program… Advice to Senior Management: Be more inclusive of interns if you would like talented… More

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