Wilshire Associates

  www.wilshire.com
  www.wilshire.com

Wilshire Associates Reviews

Updated December 4, 2014
Updated December 4, 2014
27 Reviews
2.6
27 Reviews
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Wilshire Associates CEO and Chairman of the Board Dennis A. Tito
Dennis A. Tito
16 Ratings

Employee Reviews

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  1.  

    Wilshire is a good company to work for.

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

    I have been working at Wilshire Associates full-time (more than 5 years)

    Pros

    I work with a competent set of individuals.

    Cons

    Room for growth is limited.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Senior Associate

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wilshire Associates

    Pros

    None. It's really hard to work here every day. Employees and customers are not happy.

    Cons

    You need to be 1) Asian and 2) a "yes man" to survive here

    Advice to ManagementAdvice

    It's bizarre

  3. 1 person found this helpful  

    A House of Cards

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Santa Monica, CA
    Current Employee - Vice President in Santa Monica, CA

    I have been working at Wilshire Associates full-time (more than an year)

    Pros

    Great location for the Santa Monica associates - real nice views and great proximity to the Santa Monica Prominade, which has a ton of lunch options

    Cons

    Horrible management. Convinced the market should buy into the 'Wilshire Way', which the market is not. Most of the management have been employed forever and they are not willing to change. New management will not survive unless they become 'yes' people to the old guard. Quite possibly the worst management in the history of business.
    No reinvestment into the infrastructure, as 30+% of the gross revenues go directly into the CEO's pocket, and he wants his $$$ - no matter what.
    "Sales" team openly lies or misleads prospects on product capabilities w/ no repercussions from their clueless bosses, who have no idea what the capabilities are anyway.
    Horrible benefits - no 401k match, really poor HC....
    Really weird culture - associates are scared to death to speak their minds for fear of getting fired.

    Advice to ManagementAdvice

    Resign

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    Senior Associates

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

    I worked at Wilshire Associates full-time

    Pros

    Great location, good place to start and learn

    Cons

    Below market pay; not many chances of moving up.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    it's boring and unfulfilling to death but it's good out-of-college cash

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Santa Monica, CA
    Former Employee - Analyst in Santa Monica, CA

    I worked at Wilshire Associates full-time (more than an year)

    Pros

    it's easy as hell, you can do it super hung over, you don't have to work too hard at anything ever. It's as easy as plugging numbers into a database, making graphs every once in a while. it only gets real stressful at quarter end when reporting is due, but other than this you never have to worry about a thing.

    Cons

    it's real boring. no 401k contributions is awful since their bread and butter is investment consulting for pension funds. The company is very top-heavy, so management will try to cut as many costs as possible to pad their bonuses.

    Advice to ManagementAdvice

    stop being so cheap with your employees. match their 401k contributions.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    Company a little too big for its boots

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

    I worked at Wilshire Associates

    Pros

    Great people for the most part at the firm. Decent benefits, great location. An okay initial opportunity for anyone wanting to break into finance.

    Cons

    The way the firm is run is a joke. Pay is lower than market rate. Higher ups seem to think they're gods. The management at this firm seems to think no end of themselves and that's a huge reason, without going into details, why I left.

    Advice to ManagementAdvice

    This could be a great company, but management has got to learn how to communicate better.

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

    A textbook example of how NOT to run a company

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

    I have been working at Wilshire Associates full-time

    Pros

    Location of the Santa Monica headquarters. That's it, literally.

    Cons

    The firm exists solely to line Dennis Tito's pockets. The man is a classic psychopath CEO who will use and manipulate people to his own gain. Most senior management is either in on the game or powerless to make any real change. Zero reinvestment in the business; it's being milked out. Massive turnover and loss of brainpower in the last few years. The business is a shell of what it once was and a house of cards.

    Advice to ManagementAdvice

    None. They're powerless. Dennis Tito doesn't care what the long-term results of his policies are anyway and he is the only one that calls the shots.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Great people, weak management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Santa Monica, CA
    Current Employee - Vice President in Santa Monica, CA

    I have been working at Wilshire Associates full-time (more than 5 years)

    Pros

    Location, location, location. Entrepreneurial environment. Partnership potential with current income.

    Cons

    Benefits not competitive at all, from health care to retirement program. Company does not reinvest in business in the traditional sense: each division has to manage their business within a framework pushed down from corporate. Any excess accrues to the partners rather than each division.

    Advice to ManagementAdvice

    Provide management training to MDs. Current titel structure is antiquated and doesn't allow for technically talented people to be rewarded, ie typically only rain-makers or good business people make MD. Other financial firms reward technical skills as well. Creates incentive for people to leave to maximize income and manage their career.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Experience working at Wilshire Associates

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Santa Monica, CA
    Current Employee - Vice President in Santa Monica, CA

    I have been working at Wilshire Associates full-time (more than 5 years)

    Pros

    very elite and sophisticated workforce

    Cons

    lack of reinvestment in the business

    Recommends
    Positive Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    WAI

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

    I have been working at Wilshire Associates

    Pros

    relaxed environment and great ocean view offices

    Cons

    lack of incentives and motivation for employees

    Neutral Outlook
    No opinion of CEO

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