Envestnet Reviews

Updated September 19, 2014
Updated September 19, 2014
36 Reviews
2.7
36 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Envestnet Chairman, Founder, and CEO Jud Bergman
Jud Bergman
24 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    NO TRANSPARENCY & WEAK TOP MANAGEMENT

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Transparency or criteria is not there in allocating yearly bonus, salary revision and RSA distribution

    Cons

    Clear favoritism, favored employees only get best benefits; others are sinking.., escalation is not possible for employee grievences

    Advice to ManagementAdvice

    US Management intervention is highly required

    Doesn't Recommend
  2.  

    It's a job not a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Product Manager  in  Denver, CO
    Current Employee - Product Manager in Denver, CO

    I have been working at Envestnet full-time for more than a year

    Pros

    There are not too many positives other than the hours. The company is good for people that want a job that holds them until they find another opportunity.

    Cons

    Unless you are in upper management or in with upper management there is no growth. The pay is way below average and the bonuses are very low. Do you homework before starting to work here and make sure to ask the hiring manager about why they are hiring.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Inexperienced Senior executives

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales  in  Chicago, IL
    Current Employee - Sales in Chicago, IL

    I have been working at Envestnet full-time for more than 3 years

    Pros

    good for first job but a long term place to work. Does have an ok work life balance and human resources is good. Employees are good people

    Cons

    bad culture built by senior executives. They are out of touch. Pay is not good. No perks and very political.

    Advice to ManagementAdvice

    none. They don't listen or know what to do

    Doesn't Recommend
    Negative Outlook
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  5.  

    Employer is trying to boost these reviews

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Portfolio Specialist  in  Denver, CO
    Former Employee - Senior Portfolio Specialist in Denver, CO

    I worked at Envestnet full-time for more than 5 years

    Pros

    Quitting was the best decision I ever made.

    Cons

    You can tell that these cheesy positive reviews are from managers that have been told to pump up the rating on here.

    Advice to ManagementAdvice

    None.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Awful management, boring unrewarding work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Test Engineer  in  Seattle, WA
    Former Employee - Software Test Engineer in Seattle, WA

    I worked at Envestnet full-time for more than a year

    Pros

    Casual atmosphere, a very light work load, stress free work place.

    Cons

    The managers are awful. Multiple employees cannot stand management, especially in the software test department. Great at their job when it comes to programming and testing, but have no idea how to manage other people.

    Advice to ManagementAdvice

    Hire managers to manage! Don't hire people that excelled at their technical position to be in charge, they don't know how to mange, they just know how to do their primary role.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    terrible place to work, wouldn't recommend to anyone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Services  in  Chicago, IL
    Current Employee - Client Services in Chicago, IL

    I have been working at Envestnet full-time for more than a year

    Pros

    good hours and work life balance, but this is not always the case. Many times it's short staffed so you will have to work much longer hours and/or not take a lunch.

    Cons

    management is extremely out of touch, very unprofessional environment, no set job description or training resulting in mistakes that will be entirely your fault

    Advice to ManagementAdvice

    they should try to actually manage employees, not sure what they do all day but they defiantly don't run an efficient, productive department

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Do not apply at Envestnet

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Specialist  in  Denver, CO
    Current Employee - Operations Specialist in Denver, CO

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

    Pros

    Banker's hours. The other employees are great.

    Cons

    Management and pay. The overal culture and morale is extremely depressing.

    Advice to ManagementAdvice

    Try harder.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 3 people found this helpful  

    Would not recommend to anyone!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Specialist  in  Chicago, IL
    Current Employee - Operations Specialist in Chicago, IL

    I have been working at Envestnet full-time for more than a year

    Pros

    Hours were good - out by 4 every day.

    Cons

    Major HR issue, was met with no resolution. No clearly defined career opportunities - favoritism very much a factor in getting even an interview for a promotion. Little to no training resulting in mistakes, which then were solely your fault.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    No work life balance

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

    I have been working at Envestnet full-time for more than a year

    Pros

    Company growing, promotion potential, benefits adequate

    Cons

    No work flexibility, difficult to get permission to go to a doctor's appt without being frowned upon, conformity a must, ability to work from home but management refuses to allow it unless you know the right people, lower management unprofessional and untrained on how to manage people, constant criticism without reward, growth has been too fast and training program is non existent, but you are punished for making mistakes without being properly trained. As another reviewer said, and many at the company as well, it's a job, not a career.

    Advice to ManagementAdvice

    Try some flexibility, realize getting the job done correctly is more important than conforming to a manager's power trip, offer management classes, hire mature management internally, realize retention is valuable and pay for experience. Ask employees about how management is doing, reviews only go down and not up. Consider the big picture and work styles to get the most out of individuals, employees are more motivated when they can trust their superiors and don't feel like their boss owns them.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    High growth company with poor management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Denver, CO
    Former Employee - Anonymous Employee in Denver, CO

    I worked at Envestnet full-time

    Pros

    Good people to work with for the most part. Work-Life balance is okay but could be heading in the wrong direction if they aren't willing to pay more to get and keep talented employees. Growing company on the forefront of their industry.

    Cons

    The lack of communication seems to be overwhelming throughout departments. Recent changes in management style is leading to more micro-management and more working hours. Under-staffing is becoming an issue. The compensation and benefits are awful in comparison to the industry. Management is completely out of touch. There was almost no praise or recognition (verbal or otherwise), but you will be blamed for mistakes made by lack of training and ever-changing systems.

    Advice to ManagementAdvice

    Allow more flexibility and trust to your employees. Understand that the high rate of growth of the company is leading to confusion and inconsistency in daily tasks. So much growth is only sustainable for a limited amount of time. Give more recognition and encouragement, and treat employees like the valuable assets they are to your company.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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