OppenheimerFunds

  www.oppenheimerfunds.com
  www.oppenheimerfunds.com
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OppenheimerFunds Reviews

Updated August 30, 2014
Updated August 30, 2014
106 Reviews
3.3
106 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Arthur P. Steinmetz
1 Rating

Review Highlights

Pros
  • Most employees are nice people, it's a friendly environment with very good work life balance (in 18 reviews)

  • Great benefits and an extremely fun working environment (in 11 reviews)


Cons
  • OFI professes a work-life balance, but all employees agree it is far from the truth (in 3 reviews)

  • Wasn't a lot of room for growth (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    OFI

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

    I have been working at OppenheimerFunds full-time for more than 5 years

    Pros

    Good company to work for

    Cons

    Good company to work for

    Advice to ManagementAdvice

    Good job

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Technology Group - NY office

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

    I worked at OppenheimerFunds full-time

    Pros

    If you care only about work-life balance then it is not a bad place to work.

    Cons

    1. systems are very unstable. Teams are on call 24x7. On call person would be woken up every single night with some issue or other. It gets very stressful. Teams always work on fixing problems rather than designing stable systems. Managers are incompetent and don't believe in using any methodologies. They just live by the day!
    2. Recently the technology group relocated to a different floor. Its open space and several people are cramped into small areas (in the name of collaboration) it was a complete disaster! The place was loud and noisy and impossible to concentrate on work. This was one of the main reasons I quit the company.
    3. There are absolutely no growth opportunities. One would do the same work for several years and ultimately end up leaving....

    Doesn't Recommend
    No opinion of CEO
  3. 1 person found this helpful  

    Stable company with good benefits and plenty of opportunity

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

    I have been working at OppenheimerFunds full-time for more than 10 years

    Pros

    This is a large company that has many different functions handled in house. There are lots of different roles and the opportunity to work your way into roles over time if you are actively engaged in your career development. This company is very supportive of having a good work-life balance.

    Great benefits also help.

    Cons

    It's unlikely that the culture is ever going to wow you into being extremely passionate for your job. They are great with work-life balance but you get the feeling that it's mostly because even the leaders don't have a passion for what they do. No one wants to be around past their 8 hours. That being said, the company is very good about not demanding too much of their employees hours.

    Advice to ManagementAdvice

    New leadership seems focused on assets under management rather than building a good company to be proud of. It feels like a return to the late 90's.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Pretty good 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 OppenheimerFunds full-time for more than 5 years

    Pros

    Excellent pay and benefits.
    Nice people ... Oppenheimer has politics like any workplace, but politics here are largely practiced openly and honestly.
    Freedom to pursue work-related interests, no one will tell you that you _cannot_ work on something.
    Not deadline driven ... deadlines are either met or gracefully changed.

    Cons

    More bureaucratic than one might expect from a company of its size.
    Little upward mobility ... it is a pleasant place to work and few people leave, which means few openings to promote into.

    Advice to ManagementAdvice

    The AVP and VP ranks should probably be thinned ... some have two, one, even zero direct reports. That does not seem to make sense.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    To many VP level do nothing's and lots of turnover.

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

    I worked at OppenheimerFunds full-time for more than 3 years

    Pros

    There are many creative and innovative thinkers in hiding here. The company runs very lean for a 200+ billion AUM Firm. Still has a very personable feel among colleagues.

    Cons

    Since the firm runs so lean there is almost no opportunity for advancement. Lots of lateral movement for those who milk the system for the sole purpose of longevity. Lots of old guard just "hanging" in there. More meetings than work getting done.
    If you want to advance the exit is the ideal start.

    Advice to ManagementAdvice

    Having been an SVP I feel sorry for the masses. CTG is mess and the firm would get way more for their money if they outsourced all of IT.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    VP Finance

    Current Employee - Vice President Finance  in  New York, NY
    Current Employee - Vice President Finance in New York, NY

    I have been working at OppenheimerFunds full-time for more than a year

    Pros

    Good like and Balance, great benefits

    Cons

    Management is not proactive, need to do more work to encourage employees

    Advice to ManagementAdvice

    Be more active in getting things done. Also more training for employees

  8.  

    It has been a great experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Service Associate  in  Centennial, CO
    Current Employee - Service Associate in Centennial, CO

    I have been working at OppenheimerFunds full-time for more than 8 years

    Pros

    Profit sharing, medical, bonuses, tuition reimbursement

    Cons

    Low in career opportunities and pay increases.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Amazing Advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Various  in  Centennial, CO
    Former Employee - Various in Centennial, CO

    I worked at OppenheimerFunds full-time for more than 10 years

    Pros

    Many of the managers are willing to promote from within and encourage lateral moves within the company so that you can learn new skills quite quickly. Many people have been with the company for many years, and it's great to work for a variety of them because 9 times out of 10, they will know someone in an area you're interested in trying out and they will help you get there. Lots of time off and good insurance, employee discounts at local and national businesses.

    Cons

    The Colorado office is the home of the call center and processing areas, which tend to be lower paid and some people think less respected.

    Advice to ManagementAdvice

    Continue realizing that developing employees the the best way to have terrific people working at the company.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 2 people found this helpful  

    No one cares about you.

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

    I have been working at OppenheimerFunds full-time for more than a year

    Pros

    Pure 9-5 job. Good work/life balance.

    Cons

    Terrible management, both senior and middle. They do not train people to be good managers which trickles down into the team, of course. This is shown throughout the company. There is hardly any growth in your career. If you want to have the same title and do the same thing throughout your whole career then this is the place for you.

    Advice to ManagementAdvice

    Get it together and look out for everyone, even the little people. You are losing good employees because of stupid managers who don't deserve to be in their position.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    Great company, bad management

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

    I have been working at OppenheimerFunds full-time for more than 5 years

    Pros

    Good package, great people, flexible hours, company pays for your training, a lot of options for internal training, good place to learn new things.

    Cons

    Bad situation with managers. They come and go, or they are let go. This is unfortunate as good people are leaving the company because of the poor management.
    Not a great place to have a baby, max 12 weeks off and only 7 of them are payed by the company.

    Recommends
    Neutral Outlook
    No opinion of CEO

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