Legg Mason

  www.leggmason.com
  www.leggmason.com

Legg Mason Reviews

Updated December 6, 2014
Updated December 6, 2014
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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Excellent place to work at an investment advisory company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Baltimore, MD
    Current Employee - Anonymous Employee in Baltimore, MD

    I have been working at Legg Mason

    Pros

    Legg Mason has an excellent culture and great heritage. The firm values hard work and ethical behavior. I would recommend LM as an employer.

    Cons

    The pay at Legg Mason is not always top notch, but the people and culture and stability can offset this.

    Advice to ManagementAdvice

    The advice that i would give would be to have the investment affiliates continue to seek best practices from the other subs.

    Recommends
    Approves of CEO
  2.  

    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
  3.  

    Good learning experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Baltimore, MD
    Current Employee - Anonymous Employee in Baltimore, MD

    I have been working at Legg Mason

    Pros

    Good corporate culture, diversified business with many moving parts, and family business foundation which can still be seen there today.

    Cons

    Constant changes at the upper management layers, difficult reemergence out of the recession, and some uncertain future prospects with a rogue investor on the board.

    Advice to ManagementAdvice

    More transparency where possible, better career development tools and opportunities, and better knowledge management from the top down through the entry level positions.

    Recommends
    Approves of CEO
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  5.  

    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
  6.  

    Poor Management. No organizational abilities whatsoever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Stamford, CT
    Current Employee - Anonymous Employee in Stamford, CT

    I have been working at Legg Mason

    Pros

    They pay me well to do nothing

    Cons

    Management has no idea what they are doing
    They are concerned with only themselves and not the growth of their employees

    Advice to ManagementAdvice

    Invest in your employees

    Doesn't Recommend
    Disapproves of CEO
  7.  

    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
  8. 2 people found this helpful  

    Great company if you are an Executive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - LMTS in Baltimore, MD
    Current Employee - LMTS in Baltimore, MD

    I have been working at Legg Mason

    Pros

    The benefits are about standard and they did give yearly increases when the company was struggling, albeit very small it was still better than nothing.

    Cons

    Little to no opportunity for advancement or training. Lack of integrity in Executive management and Board of Directors (6 months after laying-off 500+ people and 3 months after giving promotions without pay increases the Executives received 7 digit bonuses.

    Advice to ManagementAdvice

    Take care of your employees! Hire a Co-CEO with the experience to run all aspects of the company. Someone that people are willing to follow.

    Doesn't Recommend
    Disapproves of CEO
  9.  

    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
  10. 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
  11.  

    Good place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Developer in Baltimore, MD
    Former Employee - Developer in Baltimore, MD

    I worked at Legg Mason

    Pros

    I didn't work there long, but the people I got to meet there were really great to work with. The out-of-college training program they have you go through is a bit bogus, but its a nice way to break up the day. Overall the pay was good and the job was interesting.

    Cons

    Like I said, the training program is a bit bogus. Other than that, the job was pretty decent. Sometimes supporting financial organizations in IT can be pretty demanding, especially with clients in other countries.

    Advice to ManagementAdvice

    Not to beat a dead horse here, but get rid of the trainee program or make it more useful. It would also be nice to have more work across teams (at least in IT).

    Recommends
    Approves of CEO

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