Ayco Reviews | Glassdoor

Ayco Reviews

Updated October 8, 2018
174 reviews

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2.5
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Larry J. Restieri
15 Ratings

174 Employee Reviews

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Pros
  • "very good working environment and gain the knowledge of Goldman Sachs" (in 20 reviews)

  • "great people that truly care about you and have your back" (in 13 reviews)

Cons
  • "Tax season is brutal with mind numbing work and long hours" (in 17 reviews)

  • "Pay increases are weak, until you get to account manager" (in 15 reviews)

More Pros and Cons

  1. "Inter"

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

    I worked at Ayco full-time (More than a year)

    Pros

    Fun learning environment for young interns

    Cons

    The pay could be better


  2. "Not bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Saratoga Springs, NY
    Current Employee - Anonymous Employee in Saratoga Springs, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Ayco full-time (More than a year)

    Pros

    Great people. Interesting work.

    Cons

    Pay could be more or compensation

    Advice to Management

    No probs w mgmt. pay could be better

  3. Helpful (1)

    "A Good First Job and Nothing else!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in Irvine, CA
    Former Employee - Financial Analyst in Irvine, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Ayco full-time (More than a year)

    Pros

    Great if you’re new to the industry
    Good helpful people in Irvine office
    Fun play area with pool and ping pong outside the office
    Decent PTO
    Good learning opportunity about tax and personal finance for the first 1-2 years.
    Can get your series 7/66 or even mba/cfp if you want to stick around

    Cons

    Underpaid and overworked
    Archaic processes, technology and mentality
    Pto is decent but you are frowned on taking it
    Tax season is brutal with mind numbing work and long hours
    Mind numbing work and you stagnant after 1-2 years
    Poor morale
    Excessively strict regarding compliance and security
    “Account manager” is the holy grail but it’s a facade.
    If you become an account manager you will travel constantly, deal with archaic processes and hate your life
    They say things are improving but not much is being done

    Advice to Management

    Encourage work life balance. Honor employees who work hard with raises. Fix your archaic outdated ways and stick true to your word.


  4. "Fairly straightforward job, not difficult, great job with getting you fully trained."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst in Latham, NY
    Current Employee - Operations Analyst in Latham, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Ayco full-time (Less than a year)

    Pros

    People are very friendly and caring. Everyone is willing to work with you to get you to understand how everything works. Lots of different opportunities to learn.

    Cons

    Most systems are pretty outdated with no real updates in sight.

    Advice to Management

    Updates to the databases and how things are logged would greatly increase efficiency


  5. Helpful (3)

    "Financial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in Chicago, IL
    Former Employee - Financial Analyst in Chicago, IL
    Neutral Outlook
    No opinion of CEO

    I worked at Ayco full-time (More than a year)

    Pros

    Great to have on a resume and the experience and knowledge gained is invaluable. The people are great.

    Cons

    This company doesn’t seem like what it used to be. Morale seems lower. No work life balance - even though there could be if they weren’t so cheap to invest in technology. Ayco seems more of a puppet of Goldman.

    Advice to Management

    That mentality of giving clients a 5/5 star experience is great. Why do employees get 1/5? Just because everything is relatively better to how it used to be, doesn’t mean it’s relatively better to the rest of the industry or any other employer (especially if the resources are there). Come on now, keep up with the times and think ahead.


  6. Helpful (2)

    "Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant in Parsippany, NJ
    Former Employee - Assistant in Parsippany, NJ

    I worked at Ayco (More than 8 years)

    Pros

    Good health benefits package and retirement plan.

    Cons

    Very segregated atmosphere. Assistants are treated like outsiders.

    Advice to Management

    Treat ALL the people who are supporting you and helping YOU get your job done, with dignity and respect. They may not have "letters" after their name, but they do have brains (and connections) that could bring future business to your firm.


  7. "financial planner"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Ayco full-time

    Pros

    great training and resources, experience.

    Cons

    bad retirement benefits, call center-style environment. associates speak negatively of company.

  8. Helpful (1)

    "Very unprofessional"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Planner in Atlanta, GA
    Former Employee - Financial Planner in Atlanta, GA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Ayco full-time (More than a year)

    Pros

    Goldman Sachs maybe, access to some good client opportunities

    Cons

    Very poor management (Atlanta office). Unprofessional behavior, blaming/scapegoat culture. Compensation not good and might be years to get ahead.

    Advice to Management

    Your Atlanta office needs to clean house


  9. Helpful (4)

    "The grass is greener on the other side"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst
    Former Employee - Financial Analyst
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Ayco full-time (More than a year)

    Pros

    The people are truly amazing (except for the admins who are the most high stung people you will ever meet). I learned how to work hard and grind. Learning opportunities are high for the first 1-2 years.

    Cons

    Pay is subpar but expect to work 80-100 weeks and weekends and holidays. Tech is subpar but expect to deliver a huge amount of work in a short time. Company claims to ‘hear you’ but expect nothing to change. This job is challenging and can be rewarding but that quickly fizzles when you are earning $50k/year for 100 work weeks.

    If you live to work this is the place for you.
    If you want to work to live your life,
    get out of there.

    Advice to Management

    you claim you want to retain talent - pay up. I got a 20k raise for a lateral job change. Know your market. Less and less people are caring about the ‘name’ of the company they work for- which is the only thing you really have going for you. They just want to be happy.


  10. Helpful (4)

    "Financial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in Oak Park, IL
    Former Employee - Financial Analyst in Oak Park, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Ayco full-time (More than a year)

    Pros

    Great experience and learning. Admin, analyst, and most advisors are very nice.

    Cons

    Management doesn’t care about Analyst and are treated as replaceable. You don’t have a voice. They’ll act like they hear you. All they care about is profiting and don’t care how much time they take away from your life.

    After 1-2 years you cap on what you can really learn, and are better off going to work somewhere that doesn’t use technology your grandparents used. Stay too long and you become out of date with the rest of the workforce. Particularly with technology.

    They expect you to deliver above and beyond to the client. Meanwhile, everyone below is treated like peasants. Maybe that is what being in an abusive relationship is like.

    Advice to Management

    You’re out of touch with the world.
    Stop hiding behind personable employees.
    What got Ayco to where it is, isn’t necessarily what will keep it there.
    You market like tech firm, but if the clients could see how much of a mess it is behind the scenes. Embarrassing.


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