Lord Abbett & Co.

  www.lordabbett.com
  www.lordabbett.com

Lord Abbett & Co. Reviews in Jersey City, NJ

Updated October 20, 2014
Updated October 20, 2014
41 Reviews
2.2
41 Reviews
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Lord Abbett & Co. Senior Partner Robert S Dow
Robert S Dow
23 Ratings

27 Employee Reviews Back to all reviews

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  1.  

    No progress

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Jersey City, NJ
    Current Employee - Software Engineer in Jersey City, NJ

    I have been working at Lord Abbett & Co. full-time (more than 8 years)

    Pros

    Very high-end feel to the environment. Everyone dressed well and feel "official" all the time. Good salary and competitive basic benefits.

    Cons

    Hard to get ahead even if you work hard. You will get a feel of "not up to the task" all the time and there by lose confidence.

    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    It's a job - not a career, unless you're in the inner circle.

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

    I worked at Lord Abbett & Co. full-time (more than 5 years)

    Pros

    Experience, nice physical environment, good benefits that are very competitive. If you can survive here, you can survive anywhere else you get employed with less stress.

    Cons

    Task master partners boss you and work you hard. Don't believe promises if they are not guaranteed in writing. Hard to get ahead from where you started.Very structured and organized not conducive to creative types.

    Advice to ManagementAdvice

    Top down insulated culture, not listening to subordinates and reigning with iron fist and unfairly is hurting the company's reputation, culture and talent pool. Read the employee reviews in Glassdoor and you'll know that the partners running the place can do a lot better and should consider changing their authoritarian and counter-productive management style.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 5 people found this helpful  

    A once promising company decimated by the upper management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Supervisor in Jersey City, NJ
    Former Employee - Supervisor in Jersey City, NJ

    I worked at Lord Abbett & Co. full-time (more than 5 years)

    Pros

    Gym on site, good health benefits, decent cafeteria.

    Cons

    Lord Abbett is a company lead by people who do not like people. The upper management, consisting of 5 to 6 people, have no interest or understanding of the products involved in the funds they manage. This is left to the middle management. Little to no support is provided to the staff to perform their job tasks. When something goes wrong the staff is fingered with harsh consequences. Staff turnover rate very high. Commuting is very tough for those who live in the suburbs (not really the firm's fault bug rather the state's).

    Advice to ManagementAdvice

    If the current CEO has any interest in carrying on Bob Dow's legacy maybe try to revert to some of his standards. Also, consider speaking to your top management. Otherwise, you will lose the talent, you have acquired,
    time and time again.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Regional Consultant Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Regional Consultant in Jersey City, NJ
    Current Employee - Regional Consultant in Jersey City, NJ

    I have been working at Lord Abbett & Co. full-time (more than 3 years)

    Pros

    One of the best sales forces in the industry. Highly regarded throughout the industry and puts you through a strong training program. Good work life balance.

    Cons

    Lower compensation compared to the rest of the industry (for internals). Minimum opportunity to move elsewhere in the firm besides seeking the external wholesaling role

    Advice to ManagementAdvice

    More training in regards to selling. Better call metrics standards.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Strange corporate structure and culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Jersey City, NJ
    Current Employee - Director in Jersey City, NJ

    I have been working at Lord Abbett & Co. full-time (more than an year)

    Pros

    Work life balance is good.

    Cons

    Corporate structure is difficult to navigate.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 6 people found this helpful  

    Senior Managers See Employees As Machinery

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Analyst in Jersey City, NJ
    Former Employee - Senior Analyst in Jersey City, NJ

    I worked at Lord Abbett & Co. full-time (more than 5 years)

    Pros

    Good work/life balance, pretty offices, many nice people. Great opportunity for young people in their 20s because they are given a lot of responsibility.

    Cons

    It's sad how transparently greedy and self-serving upper management is, especially in the investment group. They treat people as if they were just pieces of machinery, easily replaceable. Knowledgeable and experienced investors are devalued and even ostracized, while those who know nothing about investing are promoted.

    Advice to ManagementAdvice

    Stop being so arrogant and treating your employees as if they're just pieces of a puzzle. A homogeneous group of investors will be pernicious at some point and you need to empower diversity of thought and investment strategies, not just move towards a black-box solution.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 7 people found this helpful  

    Just about everyone, including partners are looking for another job. Upper Mgmt is apathetic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ

    I have been working at Lord Abbett & Co. full-time (more than 5 years)

    Pros

    Work/Life balance. Great health care coverage, gym on site and subsidized cafeteria (even though it's mediocre). Most people are good to work with.

    Cons

    This a partnership of 70+ members but run by a hand full of people that just don't care as long as they reap the financial benefits of their positions. There is no one a leadership position with any kind of plan. No one understands how the Board of Directors allows this. There is no room to grow and if you make partner you are not immune to being fired. On the contrary they'll treat you like they own you. Everyone is grossly underpaid but they can get away with it because of the current job market. Most people want out!

    Advice to ManagementAdvice

    Get rid of the CEO, she's the worse thing that's happened to that company. You need someone with a vision to inspire us, not just a pretty suit.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 2 people found this helpful  

    Great Opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Data Management Associate in Jersey City, NJ
    Former Employee - Data Management Associate in Jersey City, NJ

    I worked at Lord Abbett & Co. full-time (more than an year)

    Pros

    Excellent work life balance. Incredibly supportive community of coworkers.

    Cons

    Limited growth opportunities within the firm. An environment that is a great starting point for a career but would not stay with firm longer than 2 years.

    Recommends
    Approves of CEO
  10. 3 people found this helpful  

    Did not see a lot of happy people. Stuffy environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Associate in Jersey City, NJ
    Former Employee - Client Service Associate in Jersey City, NJ

    I worked at Lord Abbett & Co. as a contractor (less than an year)

    Pros

    Work/life balance. Easy trip from Manhattan.

    Cons

    For the work/life balance you get, the trade off for me was the work was absolutely miserable. I was miserable after a couple of months working there.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    client services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Associate in Jersey City, NJ
    Former Employee - Client Service Associate in Jersey City, NJ

    I worked at Lord Abbett & Co. as a contractor (less than an year)

    Pros

    Nice offices, open floor setup, small teams, lots of young employees, relaxed atmosphere, company cafeteria

    Cons

    work is not challenging and requires no thought at all, just memorization and looking things up, very repetitive

    Advice to ManagementAdvice

    its nice to have a relaxed atmosphere but there's a limit. Actually give new employees work to do instead of saying there's training, it doesn't take 3 weeks to figure out this job, more like 3 days.....

    Recommends
    Positive Outlook
    Approves of CEO

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