NISA Investment Advisors

  www.nisanet.com
  www.nisanet.com

NISA Investment Advisors Reviews

Updated November 3, 2014
Updated November 3, 2014
9 Reviews
2.0
9 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Jess B. Yawitz
3 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Fixed Income/Derivatives Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in Saint Louis, MO
    Current Employee - Intern in Saint Louis, MO

    I have been working at NISA Investment Advisors as an intern (less than an year)

    Pros

    free lunch, easy place to learn, good house, always ready to help you try things and learn

    Cons

    boring, office culture is political, St. Louis kind of sucks

    Advice to ManagementAdvice

    move somewhere else!

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

    Poor company culture

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

    I have been working at NISA Investment Advisors full-time

    Pros

    Open kitchen, emphasis on learning

    Cons

    Very poor career prospects, lack of leadership and follow-through from senior managers

    Advice to ManagementAdvice

    Compliance is important, but the focus should be on "the spirit of the law" rather than the letter of the law.

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

    NO Opportunity NO advancement

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

    I have been working at NISA Investment Advisors full-time (more than an year)

    Pros

    Occasional office sponsored happy hours and catered lunches (expect to eat at your desk). Reasons to work here are few.

    Cons

    If the role is within the operations department, expect zero transferable skills. Like many of the other reviews for NISA, the job you take will be the job you leave with.

    There has been a hiring freeze within the department for the past two years. Only one person per quarter is allowed to transfer to a new role within the company. This is only AFTER you find a replacement for your current job. Just remember, there are at least 10-15 people with years of experience already waiting for the opportunity to advance within the company.

    Work is tedious and boring. The technology department has no accountability, systems are broken, half complete, or nonexistent.

    Office politics are rampant. I cannot fathom how adults can act with such a lack of professionalism and maturity.

    The morale in the operations department is dangerously low.

    Advice to ManagementAdvice

    This is not the same company as it was 10 years ago. Stop trying to keep it that way. Be more involved with things on the ground level. The support staff are often most familiar with the many technology and organizational problems, not managers/group leaders. STOP playing office politics. The company is at a crucial transition and cannot afford these games.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Great place to start & leave

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Trading Desk in Saint Louis, MO
    Former Employee - Trading Desk in Saint Louis, MO

    I worked at NISA Investment Advisors full-time (more than 3 years)

    Pros

    - Free Lunch
    - Lots to learn at first
    - Work with some extremely nice & intelligent people
    - Quite a few out of work events sponsored

    Cons

    - Extremely manual processes
    - Lack of leadership
    - Lots of blame placing
    - Extremely hard to advance (they will promise its super easy in the interview)

    Advice to ManagementAdvice

    Treat your employees as a valuable asset. NISA recruits some of the greatest minds and then turns and burns them. Any NISA employee can go somewhere else for better pay.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    Job and firm failed to meet expectations

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in Saint Louis, MO
    Current Employee - Analyst in Saint Louis, MO

    I have been working at NISA Investment Advisors full-time (more than an year)

    Pros

    free lunch
    relaxed hours
    predictable daily routine

    Cons

    impossible to advance, uncomfortable environment, compensation below market, minimal transferable skills

    Advice to ManagementAdvice

    none

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 5 people found this helpful  

    The place promising careers go to die

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

    I worked at NISA Investment Advisors full-time

    Pros

    There are not many pros that I can think of... if you live in St Louis, dont want to leave and have to be in asset management, then its about the only game in town aside from family offices.

    Cons

    The primary problem with NISA is that the culture is built on nepotism, is ridiculously political and completely dominated by insecurity at all levels. The generally gloomy attitude of many of NISA's employees is a reflection of its leadership. The compliance group has a tendency to focus on the painfully insignificant at the expense of major glaring issues, and seems to develop policies that are meant more to preserve the net worth of its owners than to serve as an effective risk management group.

    In terms of advancement opportunities... there are none. The job you're hired into is the job you will do until you quit or die. NISA has a bizarre Investment Professional designation policy that seems to be designed to game attrition reporting, allowing them to brag about how low turn over is while there is clear discontent throughout. If you are given an offer, the top brass will likely tell you about the limitless opportunities and the buckets of money you can make if you do a good job. While this may have been true when the firm was founded, those days are long gone.

    They do provide "free" lunch every day (but you will likely feel compelled to eat it at your desk with your work and supervisor staring you in the face). The food selection gets old as it cycles through the 4 or 5 restaurants that the owner is friends with and the worst buffet style joints St Louis has to offer (which can be real bad). The only time the menu varies is when the particular eating sensibilities of the compliance offer (yes compliance officer) changes and imposes that view on the selection available to all (i.e., no more cookies).

    NISA is a place that relatively few in the asset management industry have ever heard of (aside from direct competitors and the bankers unlucky enough to cover them), with a mixed reputation among those who have heard of the firm, and is a place that many wish they never heard of within 6 months of their hire date. I would recommend staying far far away.

    Advice to ManagementAdvice

    Sell

    Doesn't Recommend
    Neutral Outlook
  8.  

    Few smart people, terrible culture.

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

    I worked at NISA Investment Advisors full-time (more than 3 years)

    Pros

    I made lasting friendships with fantastic people, most of who also made the choice to leave NISA.

    Cons

    Culture is lacking, career development is flat and loyalty is non-existent. I would highly recommend not taking an offer to start, develop or enhance your career; the firm makes room for few to flourish. NISA is slow to hire and promote, but quick to fire. Turnover is incredibly high due to its inflexibility and inability to adapt to its personnel. Too many in upper management are equipped with power without the proper skill-set and intellectual tools, allowing for gross oversight and mismanagement of talent inherit in its own employee pool.

    Alas! Do not be fooled by the ‘free food’ (you won't be fooled by any of the other benefits as they're bottom line), your long hours through breakfasts, lunches and dinners will not justify this minimal perk. The firm is small in size, culture, diversity and lacks sophistication. Manual processes abound and few technological updates are on the horizon. I’m a grad from a top ten University and I’m embarrassed it took me 3+ years to find the courage to leave. I quit with many others during one of NISA’s numerous mass exoduses of talented people. Overall, I felt mistreated, underappreciated and underwhelmed. I spent more time wanting to leave the firm than I did enjoying being a part of it, which is no way to begin a career.

    Advice to ManagementAdvice

    Pay closer attention to your employees.

    Doesn't Recommend
  9. 1 person found this helpful  

    Satisfatory

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Saint Louis, MO
    Current Employee - Anonymous Employee in Saint Louis, MO

    I have been working at NISA Investment Advisors

    Pros

    Lot to learn, nice starting place, stable job

    Cons

    Hard to progress and scalate position

    Advice to ManagementAdvice

    None

    Recommends
  10.  

    Good place to work

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

    I worked at NISA Investment Advisors

    Pros

    fully stocked kitchen
    complementary catered lunch
    education sessions
    laidback environment

    Cons

    difficult to progress up the ladder

Work at NISA Investment Advisors? Share Your Experiences

NISA Investment Advisors

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.