National Equity Fund Inc. Reviews

Updated April 9, 2015
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2.7
13 Reviews
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Joseph S Hagan
6 Ratings

Employee Reviews

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  1. Finance

    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor

    I have been working at National Equity Fund Inc. as a contractor

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Worked here for more than ten years. Very relaxed work environment, and very good benefit package. There is the opportunity to learn and improve within your job.

    Cons

    There does not seem to be much opportunity for growth within this company, most of the professional positions seem to be slotted and there is not a lot of turnober withing those positions.

    Advice to Management

    Increase salary and try to make more positions available so that employees have something to aspire to. The work environment is very good and enjoyable though.

  2. NEF

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

    I worked at National Equity Fund Inc. full-time (more than 3 years)

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

    Pros

    As a Not-For-Profit the benefits were excellent. Health, vacation, sick/personal time and holidays off, but not financial compensation. Culture definitely inspired work-life balance. Several team building activities and events.

    Cons

    This is definitely a top heavy environment. Several SVPs who have been there forever or who were recruited through personal relationships. Very little chance for personal growth or advancement unless you were on the "right" team.. Very clickish, even among the Senior Management. Open office plan was suppose to demonstrate the accessibility of management, it did not. It was also suppose to demonstrate that everyone was "equal" in the operations of the company, again it did not. The not-for-profit status of the company was used as a way out for not compensating their employees vs. other firms that perform the same function, unless you were part of senior management.

  3. Cult of personality

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

    I worked at National Equity Fund Inc. full-time (more than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Decent benefits including many vacation days and paid holidays. The average employee believes in the cause of affordable housing..

    Cons

    Small inner circle runs company and dictates to employees . Everyone else is a Peon. Upper management is paid very well while everyone else is poorly compensated. Employee input is neither solicited nor valued. Very little promotion from within which creates low employee morale. A plethora of incompetency at the upper management level.

    Advice to Management

    Start respecting employees opinions. Compensate those employees not in the inner circle more fairly. More promotion from within, would serve to improve employee morale

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  5. asset analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Asset Management in Chicago, IL
    Former Employee - Asset Management in Chicago, IL

    I worked at National Equity Fund Inc. full-time (more than 5 years)

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

    Pros

    the benefits are very good, some of the co workers are good team leaders and players.

    Cons

    too top heavy, too many chiefs and not enough workers, the workers are not promoted to higher position within the company. Meaning no majorities are promoted to VP positions.

  6. The Haves and the Have-Nots

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

    I have been working at National Equity Fund Inc. full-time (more than 3 years)

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

    Pros

    Lots of autonomy, great hours (9 to 5), manageable workload, great benefits including 401k match, 4 weeks vacation, travel (for some), great downtown Chicago location.

    Cons

    The salaries for those not in the inner circle are below what similar positions elsewhere pay. The company justifies this by pointing out the fact that they are "non-profit". The only ones who are non-profit are those who are not in the innner circle. Upper management are paid like for-profit investment bankers. Check Guidestar.com for upper management salaries.

    Advice to Management

    Level the income disparity! Employees will inevitably become disgruntled when upper management salaries are discovered and the inequity becomes apparent.

  7. Very, Very Political Company

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

    I worked at National Equity Fund Inc. full-time (more than 8 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good vacation and sick benefits. The 401K is competitive.

    Cons

    Knowledge and work ethic are not recognized. One must become part of the inner circle to survive. Professional and competent people who may present their expertise verbally or in writing likely will be criticized. Sr Management consistently targets the outsiders so one is dammed if you do and dammed if you don't.

    Advice to Management

    Change to corporate definition of a team player from a yes person. Recognize each departments contributions equally. Too top heavy with officer titles and compensation, especially for the number of reporting employees. Many Sr VPs have one to three direct reports. VPs have no direct reports or two to four. Titles should not generate exceptional compensation for with very limited overall corporate accountabilities/contributions.

  8. Not a great company culture, but decent hours and pay.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

    I worked at National Equity Fund Inc.

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good benefits, decent pay scale.

    Cons

    NEF has a secretive culture and is not that friendly

    Advice to Management

    Be more open

  9. Great company...if you are a VP or higher

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

    I have been working at National Equity Fund Inc.

    Approves of CEO
    Approves of CEO

    Pros

    The Company is truly committed to increasing the availability of affordable housing. Coming from a profit driven career, the idea that I am helping people is refreshing and motivatingmotivating. Benefits are also good. 4 weeks vacation + Personal days for alll employees

    Cons

    The pay could (should) be better. There is an unusually large disparity in pay between senior management and everyone else, including mid level managers. This is surprising given we are a non-profit. Certain departments can be caddy and unprofessional.

    Advice to Management

    Address compensation issues. Also, titles and promotions are a great way to motivate people who work hard (even if it does not come with a large pay increase). Find ways to reward employees even in difficult times.

  10. NEF a great starting job but nothing for a career....

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Acquisitions Analyst in Chicago, IL
    Former Employee - Acquisitions Analyst in Chicago, IL

    I worked at National Equity Fund Inc.

    Pros

    Vacation, Sick, and Personal days were great. 5+ weeks vacation and personal just starting day one on the job. The 401K match is great too after staying there for a 1 or 2. Non-profit likes to party it up a bit and have a good time. Very basic 9-5 job but really doesnt challenge as much as it should for most not involved in the acquistiions or investments side of things.

    Cons

    Poorly paying company. I realize non-profit but come on. Very bottle necked organization to get any investment ideas through it floats through 2 people. Political and a many unprofessional acting employees.

    Advice to Management

    Tighten up the ship as far as professionalism around the office, end the political bs, and try to pay your lower end employees a little better.

  11. good place to learn

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

    I worked at National Equity Fund Inc. full-time (more than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    -friendly departments (overall)
    -others are willing to teach you, even if not directly related to your position
    -great benefits package (4 wk vacation)

    Cons

    -little/minimal employee training
    -difficult to move upward from within
    -for-profit culture (the things you overhear in the office are unreal), with non-for-profit salaries

    Advice to Management

    Reign in some of the wildly unprofessional employees/vps, encourage younger employees to learn/grow within company... might make it a bit more of a friendlier place to work long-term.

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