Putnam Investments

www.putnam.com
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Putnam Investments Reviews in Andover, MA

Updated February 12, 2015
Updated February 12, 2015
30 Reviews
3.5
30 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Putnam Investments President, CEO and Trustee Robert L. (Bob) Reynolds
Robert L. (Bob) Reynolds
30 Ratings

Review Highlights

Pros
  • There are some great people and some not so (in 11 reviews)

  • The work life balance is really good, or was for me (in 6 reviews)


Cons
  • They pulled tuition reimbursement across the board, with no notice (in 6 reviews)

  • A lot of infighting among senior management and turf wars (in 4 reviews)

More Highlights

30 Employee Reviews Back to all Reviews

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  1.  

    Investor Service Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investor Service Representative in Andover, MA
    Current Employee - Investor Service Representative in Andover, MA

    I have been working at Putnam Investments

    Pros

    Great atmosphere, Company cares about your career devolpment and helps you reach your goals, Respectful management, Extremely knowledgeable personal

    Cons

    Arriving on time is essential management takes notice

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Wonderful experience. Learned a lot from HR temp position.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Temp Employee in Andover, MA
    Former Employee - Human Resources Temp Employee in Andover, MA

    I worked at Putnam Investments full-time (less than a year)

    Pros

    I worked here as a temp years ago. Great work environment, nice people, excellent training. Was given the opportunity to learn and do many new things there. Mostly I called to check peoples references and verify resume accuracy. Very interesting experience.

    Cons

    I cant think of any one thing I didn't like about working at this office. Wonderful company.

    Recommends
  3.  

    Great Benefits, Low Pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Participant Service Representative in Andover, MA
    Current Employee - Participant Service Representative in Andover, MA

    I have been working at Putnam Investments full-time (more than 3 years)

    Pros

    Really great vacation and health benefits. I have always enjoyed working with my colleagues. They can be flexible with work schedules.

    Cons

    Pay for the job you are doing is not comparable to other companies in the industry. At times movemnt within certain departments can be stagnant or sometime non-existent.

    Advice to ManagementAdvice

    Salaries need to be re-assessed to be commensurate with what the industry standard is. More opportunity for movement within the company would be appreciated.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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  5.  

    Plan Administrator

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

    I worked at Putnam Investments full-time (more than a year)

    Pros

    Good team environment, upward mobility opportunity

    Cons

    difficult to move out of business channel
    pay was not in line with peers

    Recommends
  6. 3 people found this helpful  

    Awful company--terrible management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Representative in Andover, MA
    Current Employee - Client Service Representative in Andover, MA

    I have been working at Putnam Investments (more than a year)

    Pros

    There are some great people and some not so great people. It looks good on a resume.

    Cons

    The management is young and unpofessional. They under pay--you will make 1.5 times the salary anywhere else. They do not promote from within. Limited upward mobility. They treat you like a child giving you 3 minutes per hour for personal time such as going to the restroom. No more than 5% personal time per week. The politics are horrendous.

    Advice to ManagementAdvice

    Pay your employees what they are worth.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    Good Entry Level

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Representative in Andover, MA
    Current Employee - Client Service Representative in Andover, MA

    I have been working at Putnam Investments full-time (less than a year)

    Pros

    Great job for starting out. Extensive on the job training. Good benefits and PTO.

    Cons

    Pay is low compared to other companies.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Busy company where the IT team is overworked and undervalued.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Messaging Engineer in Andover, MA
    Former Employee - Messaging Engineer in Andover, MA

    I worked at Putnam Investments full-time (more than 10 years)

    Pros

    Good benefits. Generous time off. Work at home opportunities. Nice facilities.

    Cons

    Too many managers and not enough "workers" to get the endless tasks completed. Definite caste system here.

    Advice to ManagementAdvice

    Reduce the layers of management and hire more workers to complete tasks.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Great company

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

    I worked at Putnam Investments full-time (more than 8 years)

    Pros

    The training is awesome, and the managers are really willing to work with you to help you succeed. Depending upon which department you are in your job can be a lot of fun too!

    Cons

    Salary was not as high as investment company competitors.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    CALL CENTER!!! Great for an intern NOT a recent college graduate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Representative in Andover, MA
    Current Employee - Client Service Representative in Andover, MA

    I have been working at Putnam Investments full-time (less than a year)

    Pros

    ~ 401k
    ~ 18 vacation days (fulltime)
    ~ This position is perfect for an intern but NOT a recent college graduate
    ~ Yummy cafe (Andover)

    Cons

    ~ Attached to a computer that keeps track of every move you make.
    ~ Only work a 7.5 hour day.
    ~ 37.5 hour work week.
    ~ No more than $31,000 a year
    ~ Weekly pulled calls based on quality (Dalbar awards - nothing to do with financial information or the market).
    ~ Quality is based solely on please and thank you’s, no more than 10 seconds of dead air, did I ask them 3 times if I could assist them further, did I give them an account balance even though they didn’t ask…?

    Advice to ManagementAdvice

    Relax management. Supervisors, technical coordinators, and managers need to understand that life happens. People get sick, there is going to be traffic, you might over sleep, you will have a family emergency, etc.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Nothing Short of Amazing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Client Service Representative in Andover, MA
    Current Intern - Client Service Representative in Andover, MA

    I have been working at Putnam Investments as an intern (more than a year)

    Pros

    Amazing supervisors that serve more as mentors, great group work ethic it's all about working together to bring the best service to the client. Great growth opportunities and it's encouraged by your supervisors! They hire truly wonderful people, always a happy and positive work environment

    Cons

    Unless you are a stickler with being early and on time to the minute you will not be successful in this role.

    Advice to ManagementAdvice

    Keep up the good work!

    Recommends
    Positive Outlook
    Approves of CEO

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