Legg Mason

  www.leggmason.com
  www.leggmason.com

Legg Mason Reviews in New York City, NY

67 Reviews
3.5
67 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Legg Mason President and CEO Mark R. Fetting
Mark R. Fetting
35 Ratings

Review Highlights

Pros
  • Great company and good work life balance (in 6 reviews)

  • Generally good people trying hard to perform (in 6 reviews)


Cons
  • Senior management lacks leadership qualities (in 8 reviews)

  • Sluggish recovery from the recession; doubtful organization structure; sometimes people could be too laid-back (in 4 reviews)

More Highlights

12 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Legg Mason

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Legg Mason

    Pros

    Colleagues are very friendly and nice.

    Cons

    One of the largest asset management firms in the US, but also has one of the largest overhead costs compared to other competitors.

    Advice to ManagementAdvice

    Decrease the overhead costs.

    Recommends
    Approves of CEO
  2.  

    Financial Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst in New York, NY
    Current Employee - Financial Analyst in New York, NY

    I have been working at Legg Mason full-time (more than 3 years)

    Pros

    Work Environment. Culture. Hours. Benefits

    Cons

    Pay. Lack of advancement. Raises.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Stasis

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Supervisor in New York, NY
    Former Employee - Supervisor in New York, NY

    I worked at Legg Mason full-time (more than 5 years)

    Pros

    Benefits of mid-size, established company with exposure to global market and relationships with other major firms within the industry. Depending on function, stress level is generally kept low.

    Cons

    Future of business model in question post-recession, company execs don't seem to have a definitive plan for moving company forward which has ripple effect on employee moral and career outlook.

    Advice to ManagementAdvice

    Be less reactive and more direct, with a clear objective - preferably including some sort of initiative for employee development and growth, and possibly scaling back range of products/services to operate with more efficiency.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    It was the best of times, it was the worst of times.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Data Analyst in New York, NY
    Former Employee - Data Analyst in New York, NY

    I worked at Legg Mason

    Pros

    some good upper management people. diverse group of employees, not overly competitive

    Cons

    bland work environment. A lot of people just seem to be their for a paycheck. Not invigorating to work for.

    Advice to ManagementAdvice

    Better inter departmental communication

    No opinion of CEO
  6.  

    Company is ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY

    I have been working at Legg Mason

    Pros

    Good environment depanded on group your warking in. Benefits are ok, Time is from 8.30-5.30 mostly no overtime.

    Cons

    Company cut so much on cost and reduced staff so many times, so right now it seems it might be changing structure all the time. Not stable. Luck of communication.

    Recommends
    No opinion of CEO
  7.  

    An asset management firm that cannot manage its assets

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Client Services in New York, NY
    Current Employee - Client Services in New York, NY

    I have been working at Legg Mason

    Pros

    Simple/light workload, apathy in the office leads to a haven for underacheivers

    Cons

    Salary well below industry standards, confused management, archaic procedures, extreme office politics/bureaucracy at hand.

    Advice to ManagementAdvice

    Stop reacting to random, intangible one-off events and take an educated initiative to solve problems. With all the executive rhetoric about being "best in class," we should be focused more on actually rewarding/compensating talent, rather than trying to improve margins by settling for mediocrity.

    Doesn't Recommend
    Disapproves of CEO
  8.  

    My pro is the same as my con.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Business Analyst in New York, NY
    Former Employee - Business Analyst in New York, NY

    I worked at Legg Mason

    Pros

    If you want to work somewhere where you have a lot of free time and don't mind not advancing your career, then this might be the place for you. Compared to other places I've been employed at, the workload was lightest here.

    Cons

    What I listed as a pro is also the same thing I would put here as a con.

    Advice to ManagementAdvice

    Management needs to take stock of their employees and resources, determine what's not necessary and cut the fat. They need to run a much leaner ship.

    No opinion of CEO
  9. 1 person found this helpful  

    Neutral

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Legg Mason

    Pros

    Very open environment. Great entry point. but....

    Cons

    No ladder to climb. Virtually no lateral movement either.
    Senior management seems very disinterested in lower level employees.

    Advice to ManagementAdvice

    HR website needs to be revamped. Virtually no movement is available for employees.
    Communication needs vast improvement.

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

    Dissapointed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Receptionist in New York, NY
    Current Employee - Receptionist in New York, NY

    I have been working at Legg Mason

    Pros

    The medical benefits and corporate perks were helpful.Benefits

    Cons

    Lack of cohesion in low to mid level management. Lack of professionalism and closed-off to new ideas.

    Advice to ManagementAdvice

    Transparency, professional training, annually mandated management courses provided by Human Resource consultants (not in-house staff repeating from a manual).

    Doesn't Recommend
    Disapproves of CEO
  11.  

    Simply Neutral

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Fund Accounting in New York, NY
    Former Employee - Fund Accounting in 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 but HR coordinators are not accessible

    Advice to ManagementAdvice

    Be more inclusive of interns if you would like talented people to stay with your firm.

    No opinion of CEO

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