Working at Lord Abbett & Co. | Glassdoor

Lord Abbett & Co. Overview

Jersey City, NJ
501 to 1000 employees
1929
Company - Private
Investment Banking & Asset Management
Unknown / Non-Applicable
We are an independent firm founded in 1929, and 100% of our operating revenues are derived from one activity—the management of money—providing us with a clear focus.

Lord Abbett & Co. – Why Work For Us?


Investment-Led. Investor-Focused.

Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.

From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.

We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.


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Our Firm

A Singular Focus on the Management of Money

We are an independent firm founded in 1929, and 100% of our operating revenues are derived from one activity—the management of money—providing us with a clear focus.

Our Differentiators

Independent Perspective

Independence sharpens our focus and fosters a long-term perspective.

Commitment to Active Management

A deliberate process characterized by teamwork and collaboration—
and enhanced by rigorous research and comprehensive risk management.

Intelligent Product Design

Every investor is well served when every process is well defined and
every product is well designed.

Our Vision

To be the most respected asset manager in the world—admired for our:

  • People: We will draw on the strength of our people, values, and commitment to the greater gain of those we serve.
  • Performance:We will strive to deliver relevant and superior strategies that outperform their benchmarks and peers over appropriate time horizons.
  • Relationships:We will cultivate meaningful relationships with Investors, Financial Intermediaries, Strategic Partners, and the Community.
  • Agility:We will achieve organizational excellence by embracing change and remaining nimble in our structure, systems, and processes.

Our Mission

Lord Abbett is dedicated to delivering superior long-term investment performance and a client experience that exceeds expectations.

Every day we come to work intent on providing the highest level of investment expertise and service to our clients.

Our Approach

Investment-Led. Investor-Focused.

We evaluate every decision from an investment perspective in an effort to achieve superior long-term performance on behalf of our clients.

In the Community

Lord Abbett is committed to providing its employees with opportunities to participate in hands-on charitable activities that support education, the environment, health & wellness, and people. We also demonstrate our commitment through financial support and partnership with local nonprofit organizations. In recent years, our people have generously given of their time and money to a wide range of organizations in our local community, including Habitat for Humanity, Year Up, the Movember Foundation, the Jersey City Medical Center, New City Kids, and the Foundation for Hospital Art.

Organizations We Support

The following highlights some of the organizations and events to which the firm has provided or is currently providing support.

Dress for Success Hudson County 

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https://hudsoncounty.dressforsuccess.org/  

 

Liberty Science Center 

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http://lsc.org/

 

New Jersey Deputy Fire Chiefs Association

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[No website is available]

 

Northern New Jersey Chapter of the Police Unity Tour 

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http://policeunitytour.com/chapter_1/

 

York Street Project 

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http://www.yorkstreetproject.org/

 

Lord Abbett & Co. Reviews

2.6
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Recommend to a friend
Approve of CEO
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Douglas B. Sieg
14 Ratings
  • Helpful (5)

    "Some really great changes recently"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investments in Jersey City, NJ
    Current Employee - Investments in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lord Abbett & Co. full-time (More than 8 years)

    Pros

    The culture of the firm has changed a great deal, mostly for the better, since Doug Sieg was named managing partner (like the CEO of a partnership). Flexible work from home policy, unlimited vacation days so long as you are responsible and get your work done, and a zero premium health plan are just some of the most widely appreciated changes. Employees also feel more motivated to work hard, which means faster response time from colleagues and less waiting around. Gone are the days when underperforming managers could expect to be left alone in their corners. The firm is also pushing into new areas of asset management and innovating. Communication from top leadership has vastly improved through regular "Town Halls" and quarterly division-wide presentation by senior leaders.

    At the same time, many of the things that have always made Lord Abbett a great place to work haven't changed. The firm absolutely does not tolerate senior employees who mistreat or verbally abuse junior employees. One very rarely hears foul language. Managers understand that employees may have families or personal obligations, and are rarely made to feel bad for taking necessary time off to deal with personal situations.

    Cons

    While I am optimistic that things will improve in areas like technology and operations, I must admit we're not there yet. Also the firm is still struggling to gain traction with investors in equities, although assets are booming in fixed income and that is more than making up for any difficulties there.

See All 138 Reviews

Lord Abbett & Co. Photos

Lord Abbett & Co. photo of: Lord Abbett's main reception area.
Lord Abbett & Co. photo of: Intellectual curiosity, teamwork, and collaboration are the qualities we bring to our work.
Lord Abbett & Co. photo of: Since our founding in 1929, we’ve recognized that our people are our greatest asset.
Lord Abbett & Co. photo of: We value independent thinking and rigorous decision-making in every area of the firm.
Lord Abbett & Co. photo of: Our people have a passion for delivering an exceptional client experience.
Lord Abbett & Co. photo of: Robert A. Lee, Chief Investment Officer, leads all of Lord Abbett’s Investment teams.
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Lord Abbett & Co. Interviews

Experience

Experience
42%
33%
25%

Getting an Interview

Getting an Interview
43%
21%
19%
9
6
2

Difficulty

3.1
Average

Difficulty

Hard
Average
Easy
  1.  

    Associate Interview

    Anonymous Employee
    Accepted Offer

    Interview

    Interview process consisted of an initial phone interview with the Human Resources recruiter, followed by a "superday" comprised of a number of in-person interviews (I believe 9 total). Interviews were centered around fit and ability to think on one's feet.

    Interview Questions

See All 59 Interviews

Lord Abbett & Co. Awards & Accolades

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