Neuberger Berman

  www.nb.com
  www.nb.com

Neuberger Berman Reviews

Updated December 16, 2014
Updated December 16, 2014
65 Reviews
3.4
65 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Neuberger Berman Chairman and CEO George H. Walker
George H. Walker
39 Ratings

Review Highlights

Pros
  • Started out with positive work/life balance then went downhill (in 9 reviews)

  • Great people, good work-life balance (post spinoff) (in 6 reviews)


Cons
  • Small groups and limited opportunity to move within the firm (in 3 reviews)

  • Unfortunately Lehman's culture pervaded Neuberger post market crash of 2008 with many of the senior management piggy backing off of NB's survival (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Neuberger Berman

    Pros

    good, smart, kind and easy going people

    Cons

    the work was very boring.

  2. 2 people found this helpful  

    Either become a revenue generator or disappear - Firm is for those who can generate revenue, cost centers don't matter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Legal and Compliance in New York, NY
    Former Employee - Legal and Compliance in New York, NY

    I worked at Neuberger Berman full-time (more than 3 years)

    Pros

    Work here if you are a revenue generator and have a book of business you can bring to increase firm's AUM either as a sales person or Portfolio manager. You eat your own cooking. Each team is paid based on their individual team level AUM. If you can bring in money, then you will feel like you own the place.

    Cons

    If you are a cost center in Operations, HR, IT, Risk, or administration, then you are considered second class citizens. It is as if you hold non voting shares in a company. You don't matter, you are compelled to leave the firm and you are told to keep you opinions to yourself. As a cost center, you are just a number, you really have no identity. Please do not take cost center jobs, you will regret taking the job because you are just a menial worker. You will lose your self confidence and will lose motivation to engage with your work due to the environment in the firm.

    Advice to ManagementAdvice

    I think it would be better if Management told the truth to NB services employees. Management should not continue to deceive cost center / Support employees. People who work in support roles may not generate any revenues but they are still US Citizens. Please treat them with some respect and tell them the truth that they are menial workers since eventually they will find it out.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Summer Internship with an Investment Group

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY

    I worked at Neuberger Berman as an intern (less than an year)

    Pros

    - My group gave me hands on experience
    - Very entertainment work environment
    - Everyone was willing to answer any questions I had
    - Work/Life balance was great for industry

    Cons

    - Not great intern pay for finance
    - Do not give formal offers after internship
    - Intern experience seemed to vary greatly by department/position

    Advice to ManagementAdvice

    Give interns offers and start undergrad recruitment program!

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Neuberger Berman

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing and Product Development in New York, NY
    Former Employee - Marketing and Product Development in New York, NY

    I worked at Neuberger Berman full-time (more than 3 years)

    Pros

    Very collegial environment and flat organizational structure. You get a lot of exposure and interaction with senior management, investment professionals, marketing, sales, etc. Depending on what group you're in, there is also a very entrepreneurial environment, where you can propose things and then try it out.

    Cons

    Similar to other asset management companies, the portfolio managers rule the roost. Anyone in a non revenue generating part of the business is treated that way (including compensation and advancement opportunities). Advancement opportunities are difficult to win and it's not clear what your managers are looking for.

    Advice to ManagementAdvice

    Decisions that are decided at the top don't seem to flow to the rest of the team and when they do, they don't always make sense, so management should work on improving communication.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6. 4 people found this helpful  

    There are probably better firms at which to start your investment career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY

    I have been working at Neuberger Berman full-time (more than 3 years)

    Pros

    Recognizable brand. Great access to information from the street. There are some good investors to learn from.

    Cons

    No training. The people are very hit-or-miss: some are great to work with or for and others can be downright nasty. Very conservative. Easy to get stuck in the mid-levels.

    Advice to ManagementAdvice

    Not very clear how performance is measured.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Underpaid

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Registered Representative in New York, NY
    Current Employee - Registered Representative in New York, NY

    I have been working at Neuberger Berman full-time (less than an year)

    Pros

    The people you work with are a lot of fun and everyone around you has a lot of work experience

    Cons

    Salary is low for the position

    Advice to ManagementAdvice

    Office culture is great but the pay is awful

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Good company to work for but not in operation.

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

    I worked at Neuberger Berman

    Pros

    The company has pretty good benefits.

    Cons

    Don't work for operation department.

    Recommends
    Positive Outlook
  9. 1 person found this helpful  

    Worst Company to Work For

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Event Planner in New York, NY
    Former Employee - Event Planner in New York, NY

    I worked at Neuberger Berman as a contractor (less than an year)

    Pros

    There are absolutely no good reasons to work at this company.

    Cons

    The company does not care about their employees at all. If you live far away and there's a blizzard or an ice storm, they expect you to be in the office regardless even during a state of emergency. Your personal safety is not a concern to them at all and this is clear also in the way that they will harass you. When it comes to your pay, they will nickel and dime you. They claim they care about the budget but then waste money nonstop. This company believes that your life should revolve around your job. They will expect you to work weekends and late nights. Say goodbye to your life because it will be completely gone once you accept a job here. Worst company culture that I have ever seen-- they don't even have holiday parties for employees at Christmastime. If you'd like to go to the employee-run holiday party... that will cost you a good amount. Zero employee appreciation.

    Advice to ManagementAdvice

    Pay attention to your "Vice Presidents"-- many of them don't deserve to be "Vice Presidents" and they allow that title to go to their heads by treating anyone below them with complete disrespect.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    Not bad if you know what you want

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Neuberger Berman full-time (more than 3 years)

    Pros

    close knit culture per group

    Cons

    no real advancement options mid/back office

    Advice to ManagementAdvice

    either provide more career advancement opportunities, or hire people that will be happy staying where they are.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    A wonderful place to work

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

    I have been working at Neuberger Berman full-time (more than 10 years)

    Pros

    They have good benefits to offer

    Cons

    The travel time and downtown traffic

    Recommends
    Positive Outlook
    No opinion of CEO

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