National Equity Fund Inc.

  www.nefinc.org
  www.nefinc.org
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National Equity Fund Inc. Reviews

10 Reviews
2.6
10 Reviews
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Joseph S Hagan
4 Ratings

Employee Reviews

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  1.  

    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 for more than 5 years

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    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 for more than 3 years

    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 ManagementAdvice

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

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

    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 for more than 8 years

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    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.

    Pros

    Good benefits, decent pay scale.

    Cons

    NEF has a secretive culture and is not that friendly

    Advice to ManagementAdvice

    Be more open

    Doesn't Recommend
    No opinion of CEO
  6.  

    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.

    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 ManagementAdvice

    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.

    Approves of CEO
  7.  

    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 ManagementAdvice

    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.

  8.  

    Great

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at National Equity Fund Inc.

    Pros

    Great place to work, the people were nice. More laid back

    Cons

    Can get borrowing at times

  9.  

    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 for more than 3 years

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    NEF a poor place to work

    • 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.

    Pros

    The cause of affordable housing is a righteous one. The beneifts including matching 401K and generous vacation time are pluses.

    Cons

    The company is top heavy with many chiefs and too few indians actually producing the real work .
    A good old Boy mentality exists amoung senior staff. Opportunities for advancement only are available to those in the elite inner-circle.All others are left out in the cold. The company fails to invest in wothwhile emplyee training. Salaries are too low and not in line with rest of industry.

    Advice to ManagementAdvice

    Stop promotiing the "good old boy" mentality amongst senior staff and enable all staff to participate in the decision making process. Invest in and empower your dedicated staff and you may be pleasantly suprised with the results..

    Doesn't Recommend
    Approves of CEO
  11.  

    Fine

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

    I worked at National Equity Fund Inc.

    Pros

    Okay place to work with decent mission. If you like finance and are looking for a place with more of a mission than a bank then it is good.

    Cons

    Kind of boring, not much a company culture. not all the friendly of a place to work. not memorable at all.

    Advice to ManagementAdvice

    None

    Doesn't Recommend
    No opinion of CEO

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