Ameriprise Vice President Reviews | Glassdoor

Ameriprise Vice President Reviews

Updated Mar 18, 2016

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Found 11 reviews

3.2
StarStarStarStarStar
Rating TrendsRating Trends
66%
Recommend to a Friend
31%
Approve of CEO
Ameriprise CEO Jim Cracchiolo
Jim Cracchiolo
9 Ratings
  1. Helpful (2)

    "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Minneapolis, MN
    Recommends

    I have been working at Ameriprise for more than 8 years

    Pros

    Excellent people, commitment to development

    Cons

    Highly matrixed environment, male centric, lots of change/re-orgs

    Ameriprise2016-03-18
  2. Helpful (3)

    "VP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Vice President in Minneapolis, MN
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Ameriprise full-time for more than 5 years

    Pros

    Advisors are the backbone of the company and most of them do it right

    Cons

    Home office is awful. Management doesn't share the wealth. Very little upward mobility. Not a career company. Benefits are terrible as you will pay a lot out of pocket, especially for your medical

    Advice to Management

    Share the wealth and treat people with respect. Leadership is lacking

    Ameriprise2015-10-07
  3. Helpful (1)

    "Strong company still with more potential"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Minneapolis, MN
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Ameriprise full-time for more than 3 years

    Pros

    Company very stable. Conservative nature in financial services is a strong differentiator to the competition. Incentives can be very lucrative.

    Cons

    Organizational structure is complex. Authority and decision making is closely held at the top. Collaboration could be better to yield improved results. Legacy ways things are done get in the way of progress.

    Advice to Management

    Focus on improving the cons and the organization will achieve even bigger and better things.

    Ameriprise2014-03-22
  4. "A company on the move"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Minneapolis, MN
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Ameriprise full-time for more than 8 years

    Pros

    Mid western Culture that values work life balance

    Cons

    No movement between groups, very little movement between groups

    Advice to Management

    Have an active risk taking on employee's

    Ameriprise2013-12-02
  5. Helpful (1)

    "Good place to work and grow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Minneapolis, MN
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Ameriprise full-time for more than 8 years

    Pros

    A diverse group of businesses; good work/life balance; growing into new markets

    Cons

    Some downsizing recently, slow customer growth

    Advice to Management

    Focus on growing customer base, especially among 30-45 year olds

    Ameriprise2013-03-18
  6. Helpful (3)

    "I was a former HRBFA advisor and we were purchased by Ameriprise"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Vice President in Farmington Hills, MI
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Ameriprise full-time for more than 3 years

    Pros

    The payout is good in releation to similar production levels at wire houses

    Cons

    Compliance is very strict. They do not want you to trade stocks they do not cover or reccommend options. The firm has a case number for everything, and does not comprehend that an error is a timely situation.

    Ameriprise2013-02-21
  7. Helpful (1)

    "Good company, good compensation and benefits; Need to change certain leaders to realize objectives C team has set."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Minneapolis, MN
    Neutral Outlook
    Approves of CEO

    I have been working at Ameriprise full-time for more than a year

    Pros

    Good company, decent compensation, good benefits

    Cons

    Certain leaders have minds made up about individuals and don't allow direct leaders assess based on performance results.

    Advice to Management

    Change executive leadership in service delivery to eliminate the need to align mutiple resources on how she looks to others, and instead focus on the performance of the overall team.

    Ameriprise2012-07-28
  8. "Ameriprise is a great place to work!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Technology Vice President in Minneapolis, MN
    Recommends
    Approves of CEO

    I have been working at Ameriprise

    Pros

    1) Opportunity for career advancement if you are willing to work for it and prove yourself. 2) Good base pay and benefits 3) Strong senior leadership team

    Cons

    1) Bonus and other special pay is low relative to other companies

    Advice to Management

    Keep doing what you are doing!

    Ameriprise2009-07-11
  9. Helpful (1)

    "Tough time to be in Financial Services, but Ameriprise can Weather the Storm"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Minneapolis, MN
    Recommends
    Approves of CEO

    I have been working at Ameriprise

    Pros

    My department allows me the flexibility to get work done where and whenever, as long as I meet my commitments and drive business results. Career development is supported, but it is ultimately up to the employee to drive. As like many companies, it is large and takes time to navigate through. Very client focused and much better since the spinoff from American Express. CEO is very engaged in ensuring this business succeeds....

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    Cons

    Multiple lines of business are not always aligned with each other. Way behind on social networking... they use regulatory rules as an excuse not to consider the needs of the Millenials and others. Senior management at times likes to pontificate when they are not always close enough to the work. Finance area seems to have a lot of turnover. Like all financial services firms, suffers from guilt-by-association when the...

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    Advice to Management

    Listen to the folks in the middle down 2-3 levels from the Executive team... they are more in touch with what is going on and what is needed.

    Ameriprise2009-05-28
  10. Helpful (2)

    "Stay away!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Vice President in Minneapolis, MN
    Doesn't Recommend
    Disapproves of CEO

    I worked at Ameriprise

    Pros

    There are a lot of new projects and ideas being developed providing the opportunity to work on some leading edge issues.

    Cons

    Hostile work environment, too many projects without reasonable prioritization. Work environment is chaotic. Deadlines are set without any consideration for other priorities. Company does not understand how to build solid processes. Either a lot of time and money is spent on a project OR things are thrown together at the last minute. Many financial decisions are made without complete info -- a lot of form over substance....

    Show More

    Advice to Management

    Fire the CFO. Try living the values you spew out -- try to really be ethical and do the right thing. Give some thought on how to manage people. Get a decent HR dept that can stand up to the business heads and enforce policies that promote people and recognize their value.

    Ameriprise2008-12-31
Found 11 reviews