Western Asset Management Reviews

Updated August 6, 2015
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3.1
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Approve of CEO
Western Asset Management CEO James W Hirschman
James W Hirschman
38 Ratings

Pros
  • They had great benefits for their employees (I am not sure about anymore) (in 9 reviews)

  • Work life balance is outstanding (in 5 reviews)

Cons
  • No room for advancement within the company (in 3 reviews)

  • The company offered little career growth; it was a dead end job (in 3 reviews)

More Pros and Cons

64 Employee Reviews

Sort: Popular Rating Date
  1. Quality of Life Depends on Group

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

    I worked at Western Asset Management full-time

    Pros

    Great people. Can't stress that enough. With a very few exceptions, everyone at Western is a professional who is smart and knows how to treat people. It's easy and encouraged to communicate with different parts of the company.

    Cons

    I worked in different groups within Investment Support, and some groups are run too tight. For example, if one person takes a vacation, everybody gets that stressed-out, worried look on their faces because covering the absent person will make their workload too much to bear. The same employees then feel guilty about taking vacations. This is what causes turnover -- you can't have happy employees when their mental health rests on such a sharp edge. If you want to keep people, be willing to hire more people as accounts are added to a group's workload.


  2. Settlements

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Nice people, food is fantastic. Not bad pay. Definitely west-coast attitude for an investment firm. Well-known.

    Cons

    A role in Investment Support doesn't typically morph into a role on the Investments side. It seemed like the best I could hope for was a managerial role within investment support- which is fine, unless your heart was set on being on the investment team like mine. Still a good place to start out.

    Advice to Management

    a lot of IS is interested in the investment side... Promoting internally could cut back on turnover in IS.


  3. Chill, but lack of everything else

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Western Asset Management full-time (More than 3 years)

    Pros

    *Great people *Good family environment *Great benefits, eye / dental / health *Not Long hours *Not a stressful environment *Good food *Free Parking

    Cons

    *Lack of mobility, but upward and lateral *Stagnant company *Stagnant management *Lack of solid leadership *For many people, lack of career path *Compensation could be better, relative to competitors

    Advice to Management

    Please take it a step further and act on all the issues and concerns employees have with the company. This used to be a great company to work for, but the sense of pride these days is quite lacking.


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  5. Helpful (1)

    Low salary, FaceTime, boys club

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Pasadena, CA
    Former Employee - Anonymous Employee in Pasadena, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Cafeteria and some of the people; the ones that work. Benefits.

    Cons

    Total white boys club, lazy people get high salaries and promotions, long hours, must participate in face time for bonus to increase.

    Advice to Management

    You suck!


  6. Helpful (1)

    nice place

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Pasadena, CA
    Current Employee - Operations Analyst in Pasadena, CA
    Recommends
    Positive Outlook

    I have been working at Western Asset Management full-time (More than 5 years)

    Pros

    Great coworkers and work life benefits

    Cons

    No room to grow


  7. Engineer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Engineer in Pasadena, CA
    Former Employee - Senior Engineer in Pasadena, CA
    Positive Outlook
    Approves of CEO

    I worked at Western Asset Management full-time

    Pros

    Great Company, good work environment, excellent benefits

    Cons

    Can't work form home, odd working hours


  8. Helpful (1)

    Poor pay for mediocre culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Pasadena, CA
    Current Employee - Anonymous Employee in Pasadena, CA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Western Asset Management full-time (More than 10 years)

    Pros

    Benefits are good if you have a large family to support. Good for work/life balance but workload keeps increasing.

    Cons

    Pay well below industry average in most job categories. CEO is greedy and takes huge bonus for doing nothing.

    Advice to Management

    Parent company is sucking the life out of Wamco. They would do better on their own.


  9. A great company to start a career in finance.

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

    I have been working at Western Asset Management full-time

    Pros

    Great benefits, good work-life balance, flexibility in working hours (within reason), minimal stress.

    Cons

    Flat structure (difficult to move up), pay is lower than equivalent firms, limited training.

    Advice to Management

    Train employees better, pay employees more to retain top talent.


  10. Helpful (1)

    Worked with Western Asset just before and during the mortgage crisis

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Compliance Officer in Pasadena, CA
    Former Employee - Compliance Officer in Pasadena, CA
    Recommends
    Positive Outlook

    I worked at Western Asset Management full-time (More than a year)

    Pros

    pays well, amazing bonuses, wonderful office, comfortable chairs, great cafeteria, stable employment, great benefits

    Cons

    frustrating, impersonal, corporate atmosphere, difficulty getting interdepartmental cooperations, systems had trouble keeping up with the market crash (much of this could have been the bad timing).

    Advice to Management

    Check in with your employees and see if they would be better suited in other departments.


  11. Helpful (1)

    Good work/life balance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Positive environment, excellent benefits and great wellness program.

    Cons

    Mostly pros - the opportunities for growth are limited.



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