Putnam Investments
2.9 of 5 106 reviews
www.putnam.com Boston, MA 1000 to 5000 Employees

Putnam Investments Reviews

Updated Jun 20, 2014

Be The First To
Add Photos

All Employees Current Employees Only

2.9 106 reviews

                             

57% Approve of the CEO

Putnam Investments President, CEO and Trustee Robert L. (Bob) Reynolds

Robert L. (Bob) Reynolds

(42 ratings)

53% of employees recommend this company to a friend
106 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "The benefits are great from the start"
    in 6 reviews
  • "Good benefits package, especially for those here for a long time"
    in 8 reviews
Cons:
  • "Perks such as tuition reimbursement, gift matching gone"
    in 6 reviews
  • "A lot of infighting among senior management and turf wars"
    in 4 reviews
  • Show more review highlights

Reviews

    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Good Work Environment

    Developer (Current Employee)
    Boston, MA

    ProsBenefits have historically been extremely good. They often will make up a 10k difference depending on your base salary over other employers. The work environment is not super high stress for the field but that will vary on division. Partial work at home available depending on division and job.

    ConsUnstable outlook Merit raises, Bonuses, and benefits. Alot of ground has been lost in the last few years. Generally underpaid for the work that you do.

    Advice to Senior ManagementSecure your talent, the job market is not as poor as it used to be.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Great work environment, great benefits, poor salaries.

    Operations Manager (Current Employee)
    Andover, MA

    ProsThe work environment is fantastic, the people are great, and it's fairly easy to progress if your talented and driven. Despite a down couple of years, the management tries to keep the atmosphere positive with a winning mentality.

    ConsThe largest downside is that the salaries are very out of whack with the rest of the state and industry. They pay well under the average for the amount of responsibility you are given.

    Advice to Senior ManagementDespite rough times, you need to pay the talent you'd like to retain in areas other than the fund managers. Your slowly losing all the most driven employees that have been bringing the best ideas in the last 5 years.

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Great learning experience in a professional environment.

    Anonymous Employee (Current Employee)
    Andover, MA

    ProsBenefits package is better than any other company I have worked at.

    ConsSalary is much lower than desired, between 30-35,000/yr

    Yes, I would recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
  • We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

    1 person found this helpful  

    The worst place for smart people, the best place for junkies

    Senior Systems Consultant (Former Employee)
    Boston, MA

    ProsIf you are good at fooling around and kissing ass, this is a place for you. Otherwise, stay away from it.

    ConsI worked at IT department. There are so many incompetent employees, high school drop-outs, housewives who don't know **** about computers. Almost everything was controlled by a few "consultant" who like parasites sucking blood from the company. No way for new employee to learn anything. I was pushed into the company by a staffing company. The management is in constant struggles for power. Whoever gets upper hands will fire the people not hired by them.
    The worst experience ever.

    Advice to Senior ManagementThis company should not exist.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    A shadow of its former self

    Anonymous Employee (Former Employee)
    Andover, MA

    ProsThe people you work with are lovely and you really become part of a family within your group or team. Work/life balance is also great, especially if you have a family.

    ConsPutnam has moved far away from their motto of One Putnam and it shows in the programs that they have chosen to stop. It is very discouraging to work for an investment firm that does not invest in their people. Morale is low and Putnam is just a paycheck for most people there.

    Advice to Senior ManagementDevelop internal talent as well as getting new managers that will breath life into the organization.

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Not the company it use to be

    Anonymous Employee (Current Employee)
    Andover, MA

    ProsHours of operation
    People
    Decent health benefits
    Internal helpdesk
    Parking

    ConsLack of advancement
    No raises
    Pay not in line with industry
    Perks such as tuition reimbursement, gift matching gone
    Computer systems are falling apart

    Advice to Senior ManagementStop operating in crisis management, if you want to build the company back to where it was in the 90s you have to act like that's the plan, not take the stance of "be happy you have a job".

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Politics politics politics

    Regional Marketing Assistant (Current Employee)
    Andover, MA

    Pros- EXCELLENT training program. Known within the community that you are building a solid sales foundation.
    - Great health benefits
    - Energetic sales force

    Cons- Politics dominate who gets promoted and when it happens... females are VERY rarely given the opportunity for better territories or wholesaling promotions.
    - They pulled tuition reimbursement across the board, with no notice.
    - Pay scale has been changed several times from what promised in the initial interview. Some levels of pay were not even mentioned as a possibility in the interview.
    - Not all management is practiced in the field, lack of experience.

    Advice to Senior ManagementRecognize and reward the hardest workers and not those purely playing a game of ass kissing... or the guys that "look the part".

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

    1 person found this helpful  

    For the most part my experience was positive.

    Technical Coordinator (Former Employee)
    Andover, MA

    ProsGreat benefits, though they seem to be disappearing as the years go by. Good people to work with.

    ConsSome management do not treat everyone fairly. There is to much favoritism, sometimes it is undeserved. The atmosphere has turned away from the customer to towards internal competition. It makes employees step on others to make themselves look good.

    Advice to Senior ManagementChange the competition atmosphere as it no longer focuses on the shareholders, brokers and the good of Putnam overall.

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Handle inquiries from 401K participants

    Participant Service Representative (Former Employee)
    Andover, MA

    ProsGreat Benefits and good time off

    ConsLow Pay. Hard to break into new level positions

    Advice to Senior ManagementLose a tier of middle managers. COMPENSATE good work

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

    1 person found this helpful  

    Worst place I ever worked , we had 2 group mettings in the 4 1/2 yrs, 2nd was to tell us our jobs were being outsoucred.

    Production Support Data Center Operations (Current Employee)
    North Andover, MA

    ProsGood Money and benifits and good front line people

    ConsYou never know when the powers to be will out source your job to India and you have to train the to get a package from them

    Advice to Senior ManagementRespect the people that make you the big bonuses,. Keep American Jobs in a America and not out soucre them to Inida

    No, I would not recommend this company to a friend

    Was this review helpful?
    Yes | No
    Add Employer Response Flag Review
RSS Feed Embed

Worked for Putnam Investments? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.

Glassdoor is your free inside look at Putnam Investments reviews and ratings — including employee satisfaction and approval rating for Putnam Investments CEO Robert L. (Bob) Reynolds. All 106 reviews posted anonymously by Putnam Investments employees.