I worked at Legg Mason full-time (More than 10 years)
Great people with a high level of engagement and passion.
CEO has energy and vision, he is down to earth and approachable.
Great benefits, lots of PTO.
Not as much room for mobility or advancement as it was in the past when the company was larger. Could change if the company grows, but the push seems to be toward doing more with less rather than growing.
Too much work! If you are good and motivated, you are usually pushed into doing more. These opportunities can lead to advancement, but they can also lead to burn out, or a work/life imbalance.
Internal politics trumps logic sometimes. Best example is the random corporate title process. People with contribute less get regular title promotions, over people who get more done, but are not engaged in the internal politics.
Too many internal departments / too hard to understand what each other does
Parent company relationship with affiliates can be hard to understand.
Advice to Management
Company shows that it understands the importance of work life balance and tries to provides a good environment and policies supporting it, but it is not uniform across departments. It is evident that not all senior management are willing to put in place or enforce policies supporting telework or other flexibility options. This should be made more uniform. I worked in a department (IT) where the leadership embraced it, but colleagues in other departments complained about the discrepancy between department policies. Management should fully embrace standard policies for the firm and ensure they are uniformly being offered.
Grow the IT department with more doers. Lots of leadership, middle management and project management, but not enough productive contributors under them; often key responsibilities are left to an individual contributor - leaving a person with no backup, or even an appropriate person to do a knowledge share with. When key people leave, too much goes out the door with them.
I applied through college or university. The process took 6 days. I interviewed at Legg Mason (Baltimore, MD) in March 2017.
Met with 6 different senior accountants on 2 different days. Overall it was a relaxed interview and the interview was really about them getting to know me. In total the interview lasted about 3 hours.