Lord Abbett & Co.

  www.lordabbett.com
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Lord Abbett & Co. Reviews

Updated Jul 6, 2014

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All Employees Current Employees Only

2.4 37 reviews

48% Approve of the CEO

Lord Abbett & Co. Senior Partner Robert S Dow

Robert S Dow

(21 ratings)

32% of employees recommend this company to a friend
37 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits

     

    Project Lead

    Anonymous Employee (Current Employee)

    ProsGood work life balance , good health insurance

    ConsNo work from home policy, Technologies used were a bit outdated

    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

     

    Sad

    Anonymous Employee (Former Employee)

    ProsFancy feel, good starting salary. Cafeteria. Seems like a good setup if you already are married with three kids to feed and need a low stress unchallenging gig with a mundane routine. Work loads are light.

    ConsStuffy. Employee culture seems unwelcoming and clique-y. Intelligent employees given little motivation or direction on what to shoot for, poor management examples to follow. Unspoken nepotism. Bored employees aren't motivated to take on new opportunities. Outdated technology. Lots of Grumps.

    Advice to Senior ManagementGive those who show potential something worth striving for. Half the team I worked with barely had a grasp on what the company did.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Regional Consultant Review

    Regional Consultant (Current Employee) Jersey City, NJ

    ProsOne 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.

    ConsLower 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 Senior ManagementMore training in regards to selling. Better call metrics standards.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Strange corporate structure and culture

    Director (Current Employee) Jersey City, NJ

    ProsWork life balance is good.

    ConsCorporate structure is difficult to navigate.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Senior Managers See Employees As Machinery

    Senior Analyst (Former Employee) Jersey City, NJ

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

    ConsIt'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 Senior ManagementStop 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.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Struggling

    Anonymous Employee (Current Employee)

    ProsWork ethic is very high

    ConsRevamp of Institutional Marketing a problem

    Advice to Senior ManagementHug your employees more than you are.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

     

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

    Anonymous Employee (Current Employee) Jersey City, NJ

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

    ConsThis 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 Senior ManagementGet 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.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Horrible senior management

    Anonymous Employee (Former Employee)

    ProsBeautiful offices and great location.

    ConsPartners and upper management are horrible. There is no room for growth here unless you are sleeping with someone in upper management. They have no respect for people who actually want to learn and grow. The current and previous CFO have no idea what they are doing.

    Advice to Senior ManagementAppreciate the talent you have and allow people to learn and grow.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Looks good on your resume, good work-life balance compared to other finance jobs

    Anonymous Employee (Former Employee)

    ProsAs this company has been around for a while and is still one of few that has remained private, it looks good on your resume. I was just starting in my career, so I was able to leverage the company to attain licenses and resume experience.

    ConsHorrible senior management. There CEO is a Gettysburg grad, and the men directly below her Penn State/Union, etc. For an institution so "established, they may want to raise the bar for their upper management as it is clear many lack the intelligence to maintain a successful business. Look at Goldman's Blankfein- Harvard, Pimco's El-Erian-Oxford, BNY's Hassell-Stern/Duke. Management progressively gets less informed and professional as they get lower on the totem poll. Partners openly talk negatively about one another in front of associates/during meetings. I, as well as my coworkers, constantly felt uncomfortable and uneasy. Luckily all of the young people are aware of this and bond together.

    Advice to Senior ManagementUpper management should be screened more carefully. I had one partner tell me he felt another new partner was the CEO's personal shopper. Very unprofessional. Some of our competitors have been around for less than 15 years. Lord Abbett has been around for almost 90 years, the company should be way farther advanced than newer companies that are performing much better than Lord Abbett.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Great Opportunity

    Data Management Associate (Former Employee) Jersey City, NJ

    ProsExcellent work life balance. Incredibly supportive community of coworkers.

    ConsLimited 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.

    Yes, I would recommend this company to a friend

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