Wellington Management

www.wellington.com
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Wellington Management Reviews in Boston, MA

Updated February 18, 2015
Updated February 18, 2015
62 Reviews
3.6
62 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Wellington Management President, CEO, and Managing Partner Perry Traquina
Perry Traquina
62 Ratings

Review Highlights

Pros
  • genuine acceptance and encouragement of work/life balance from management; pre-2008 benefits plan (in 7 reviews)

  • great benefits, nice new offices, mostly friendly colleagues (in 6 reviews)


Cons
  • The concept of a work/life balance seems foreign to IT management (in 8 reviews)

  • long hours, tough work/life balance (in 9 reviews)

More Highlights

62 Employee Reviews Back to all Reviews

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  1. 2 people found this helpful  

    Strong Pros and Cons Average Out to Mediocre

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

    I worked at Wellington Management

    Pros

    The pay is a little above market value.
    Excellent benefits.
    Excellent soft skills training is available to employees.
    This IT shop is very well-funded. You will work with the very best technology available to private enterprise. Work here for a few years and you will be more marketable.
    Beautiful office environment.
    Very high quality people everywhere.

    Cons

    Wellington treats IT talent like a formula one racing team treats tires - they only want the good ones, but burning them out is part of the game plan.
    Hours can be extreme and you will need to sacrifice many weekends. Hour-for-hour, the pay is only mediocre.
    Visibility in the office is necessary to advance, regardless of off hours on-call and "follow the sun" responsibilities.
    Employees are underpaid until they receive their annual bonus, which can lead to greedy and fearful behavior.
    The "Client Focus" cultural value means that intra-team trust and relationships are sometimes dodgy. There is little incentive for colleagues to stand up for each other.
    The "Client, Firm, Self" cultural value means that your family and marriage can be a liability. Without a strong team or regular contact with your family, the life of a Wellington employee can be lonely.
    If you decide to work here, negotiate aggressively for a high base before you sign. The base only increases slowly over time, and everything else like vacation, bonus, etc. can be taken away from you. Be willing to walk away from a good offer because you will need an excellent offer to make it worth your while.

    Advice to ManagementAdvice

    The Wellington cultural values are not implemented by IT in the same way they are explained by senior management during the HR orientation.
    Wellington's glassdoor rating has improved almost a point in the last few years, but I didn't see a big surge of employee satisfaction during this time.

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

    Great place for a first time or second time coop

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

    I worked at Wellington Management

    Pros

    You work with a lot of smart people that understand the industry.

    Cons

    You are not challenged throughout all 6 months. The work can get extremely tedious and boring.

    Advice to ManagementAdvice

    Management gives good feedback and should keep it up.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Great place to work for investors.

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

    I have been working at Wellington Management (more than a year)

    Pros

    The culture is very collaborative, people are usually willing to help you learn, and the work is interesting. Work/life balance is amazing for finance.

    Cons

    Sometimes it can take a while to advance, especially at the junior levels. People are not always completely open.

    Recommends
    Positive Outlook
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  5. 1 person found this helpful  

    good and bad

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

    I worked at Wellington Management

    Pros

    Work pressure is relatively better.
    work life balance is good.

    Cons

    Clear cut differentiation between employees and consultants.
    Not very professional when communicating with consultants.

    Advice to ManagementAdvice

    you are dependent on consultants. respect them

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 8 people found this helpful  

    Highly depends on what department you're in.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst In GRG in Boston, MA
    Current Employee - Analyst In GRG in Boston, MA

    I have been working at Wellington Management full-time (more than 3 years)

    Pros

    OK salary
    Good benefits
    Strong name for the resume and is definitely seen as one of the better firms (relative to it's hulking neighbors State Street and Fidelity)
    Private nature of company makes it more stable and less likely to bend to public trends.
    People who have been at the company a long time are very nice - they really try to make the culture like it used to be.
    If you are an investor (portfolio manager, trader, research analyst, etc.) you are golden. Paid very well, partner track, work with some of the best in the world.

    Cons

    If you are not an investor (basically everyone who's not portfolio managment, trading, or investment research) then you're out of luck. They group most of these jobs into a division called GRG.
    Wellington's gone through a lot of change. As it's grown bigger, they've started losing their way for non-investor employees and the future doesn't look good.
    For example, client relationship teams (called CSAs, RAs, AMs, and RMs) are largely administrative positions. In the past, these use to be very competitve positions because they were for MBAs and/or CFAs. Now, these positions are mostly filled with ex-administrative assistants since the job requires almost no investment knowledge. Most of the relationship teams act as middlemen and don't provide nearly the same value as they did in the past. (i.e. they just email requests back and forth)
    Also, and this is kind of an unfortunate remnant of the old boys club of the investing world, Wellington is losing it's culture of being very kind and considerate. I've worked with many of the employees and I've noticed that the more tenured people who've been with the company back when it was small are SO nice and extremely smart. The new generation (of which I'm part of) are less considerate. I've seen many relationship team members act like they're god's gift to wellington and be rude and act on short tempers. This is surprising since it's usually the relationship teams that could, in all fairness, be re-orged to be 50% smaller with no noticeable change in value add. This is a big reason many of the best folks in GRG have left for other firms - they've seen their roles get watered down quite badly.

    Advice to ManagementAdvice

    Be careful of GRG. The company is growning and obviously won't be private forever. However, don't make the same mistake State Street made. Fight to keep the culture. Get rid of the bossy and rude employees who act like they work for Goldman. GRG is full of excess - too many unqualified people moving into the CSA and up roles. Slim down the relationship teams and bulk up the product managment side - that's where all value of Wellington is.

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

    Quality Firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Equity Research Analyst in Boston, MA
    Current Employee - Equity Research Analyst in Boston, MA

    I have been working at Wellington Management full-time (more than 5 years)

    Pros

    Smart, talented people abound. Low turnover.

    Cons

    Low base salaries. Low turnover makes advancement slow.

    Advice to ManagementAdvice

    Actively manage the middle levels.

    Recommends
    Neutral Outlook
  8. 1 person found this helpful  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Systems Analyst in Marlborough, MA
    Current Employee - Senior Systems Analyst in Marlborough, MA

    I have been working at Wellington Management full-time (more than 10 years)

    Pros

    Wellington hires top notch talent and it shows when things go awry. Resiliency is amazing expecially in the IT world.

    Cons

    The bar is held high and you are constantly reaching for that level of excellence. Can be daunting.

    Advice to ManagementAdvice

    Open the door for introverts as well as extroverts. Recent presentation talks to that issue.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Marketing

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

    I worked at Wellington Management full-time (more than 10 years)

    Pros

    Culture is supportive for work/life balance but can depend upon individual manager.

    Cons

    Some managers continue with outdated "who works the longest hours" mentality. Also can fail to share information that would make the group more efficient and productive.

  10. 2 people found this helpful  

    It Consultant 2 years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Anonymous Contractor in Marlborough, MA
    Current Contractor - Anonymous Contractor in Marlborough, MA

    I have been working at Wellington Management as a contractor (more than a year)

    Pros

    The people next to you in the trenches are great, your same level co workers show incredible dedication. Unfortunately many employees and contractors suffer from Stockholm Syndrome where they are now beholden to their captors

    Cons

    There are managers that are so devoid of humanity that it makes you lose respect for the whole firm. You stop questioning individuals and you ask, " Who allows this to happen" And yes they are losing some great people.

    Advice to ManagementAdvice

    Unemployment has fallen 28% in the past two years people have paid down their debt. Everyone....EVERYONE! that isn't on the bonus plan at Wellington is looking for another job. You have a company full of analysts do you not know? or not care? I'd say the latter. One thing I learned....you can't cut your way to profitability. Don't discuss what the bonus looks like in front of contractors....your bonus = the benefits contractors aren't receiving. There is definitely a caste system there. Give yourself two years max. If you are in IT then you are on the expense side and they will do everything to keep that number down. I did work alongside some great people.

    Negative Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Good benefits, not much for a career path

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Lead Software Engineer in Boston, MA
    Current Employee - Lead Software Engineer in Boston, MA

    I have been working at Wellington Management full-time (more than 3 years)

    Pros

    Good benefits and bonuses. Great culture if you care about it. Friendly environment, a lot of talented people. They always try to explore new technologies.

    Cons

    Not much for a career advancement, things move very slow there. They waste time and money introducing new software tools to help be more efficient where in fact it adds more complexity. You could have a horrible work life balance depends on which team you work for, But in general you are expected to put in extra time.

    Recommends
    Neutral Outlook
    Approves of CEO

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