107 Employee Reviews (View Most Recent)

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Good Work Environment

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Developer  in  Boston, MA
Current Employee - Developer in Boston, MA

I have been working at Putnam Investments full-time for more than 8 years

Pros

Benefits have historically been extremely good. They often will make up a 10k difference depending on your base salary over other employers. The work environment is not super high stress for the field but that will vary on division. Partial work at home available depending on division and job.

Cons

Unstable outlook Merit raises, Bonuses, and benefits. Alot of ground has been lost in the last few years. Generally underpaid for the work that you do.

Advice to ManagementAdvice

Secure your talent, the job market is not as poor as it used to be.

Recommends
Positive Outlook
Approves of CEO

Other Reviews for Putnam Investments

  1. 1 person found this helpful  

    Bad and getting worse......

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Manager  in  North Andover, MA
    Current Employee - Operations Manager in North Andover, MA

    I have been working at Putnam Investments full-time for more than 10 years

    Pros

    Still some good benefits. Health and Dental are reasonably priced and there are good option offerings. Profit sharing is fairly consistent each year. Vacation accrual is good if you can stay on long enough. Maternity & Paternity leave available.

    Cons

    Work week used to be 35 hours, but changed to 37.5 randomly without augmenting salary or bonus in 2010. Layoffs always looming. Over the past several years it's turned into a "Survivor Island" environment. No room for collaboration since everyone is worried about their own fate. Fund performance still not very good. Communication is poor at all levels. Culture is still in a state of flux as it's moved from the Lasser - Halderman - Reynolds phases. Three different Senior Leaders with 3 diferent styles in less than 10 years. You can do better elsewhere within the fund industry. Especially in MA.

    Advice to ManagementAdvice

    Go back to treating the people in the organizaton like your best performing investment vehicle. It will yield you a great return in a short time.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Great work environment, great benefits, poor salaries.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Manager  in  Andover, MA
    Current Employee - Operations Manager in Andover, MA

    I have been working at Putnam Investments full-time for more than 5 years

    Pros

    The work environment is fantastic, the people are great, and it's fairly easy to progress if your talented and driven. Despite a down couple of years, the management tries to keep the atmosphere positive with a winning mentality.

    Cons

    The largest downside is that the salaries are very out of whack with the rest of the state and industry. They pay well under the average for the amount of responsibility you are given.

    Advice to ManagementAdvice

    Despite rough times, you need to pay the talent you'd like to retain in areas other than the fund managers. Your slowly losing all the most driven employees that have been bringing the best ideas in the last 5 years.

    Recommends
    Neutral Outlook
    Approves of CEO
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