Ayco Reviews | Glassdoor

Ayco Reviews

Updated June 7, 2018
157 reviews

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2.6
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Larry J. Restieri
5 Ratings

157 Employee Reviews

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Pros
  • "very good working environment and gain the knowledge of Goldman Sachs" (in 19 reviews)

  • "Can be a comfortable work environment and decent pay" (in 14 reviews)

Cons
  • "Expected to work long hours, help pick up work load from others overworked with zero gratitude from management" (in 16 reviews)

  • "Pay increases are weak, until you get to account manager" (in 13 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (3)

    "Good Company"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ayco full-time

    Pros

    Good place to start out of school, great environment and people working at the company. Very good benefits for associates as well.

    Cons

    Salary and promotional path could be better. Can sometimes take a while to get a meaningful pay raise.

    Advice to Management

    Provide more opportunities for advancement and alternate career paths to employees. Otherwise you are doing a good job.


  2. "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

  3. "Great start, but not the end of your path"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Atlanta, GA
    Current Employee - Financial Analyst in Atlanta, GA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I enjoy working with a lot of other young associates and the opportunity to learn that Ayco provides. It is a fast paced and difficult position, but I enjoy the challenge and I think it only makes you better.

    Cons

    Technology is extremely sub par for a “Goldman Sachs company”. Pay increases are weak, until you get to account manager. The firm doesn’t put their money into retaining their associates well. There is a lot of turnover and their backup plan is not useful when we are understaffed.

    Advice to Management

    Invest internally!


  4. "Analyst"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ayco full-time

    Pros

    Work with good people regularly

    Cons

    Pay is not that great


  5. Helpful (3)

    "Great people, grinding job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Irvine, CA
    Current Employee - Financial Analyst in Irvine, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Ayco full-time (More than 3 years)

    Pros

    - the people are caring, helpful, friendly, and genuine
    - there is a desire for a happy and modern culture
    - very high earnings potential (1MM+)
    - if you enjoy or can withstand analyst/admin work for years to reach the top this may be for you
    - Again, you can make a lot of money

    Cons

    - analyst/admin type work. Filling out forms, printing and organizing documents, monotonous reporting.
    - senior positions make good money, everyone below them makes lower than average money
    - during year if you want to be promoted or have recognition for your work you must work at least 45 hour weeks, during tax season you will work 60+.
    - theres a tax season. You do tax returns mindlessly for months.
    - HR doesnt care about you
    - SVP is the man
    - depending on who your manager is determines whether you will hate your life or not
    - they hire younger college grad types to grind them out during tax season
    - Goldman is taking over and replacing anyone they want. Why work towards VP if the position is unstable

    Advice to Management

    - Replace HR
    - Pay to reflect work hours and industry averages
    - Get out of the 1980s tech. wise and culture wise


  6. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Ayco part-time

    Pros

    The people were friendly
    Clear career paths

    Cons

    Work can be slow in PWM


  7. Helpful (2)

    "Stuck in The Past"

    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
    Negative Outlook
    Disapproves of CEO

    I worked at Ayco full-time (More than 5 years)

    Pros

    Good income potential long term, if you can stick around . Account manager is the main position of the company’s , or only one they care about . They all make six or seven figures , but not without a long road there and continued high stress , long hours, and never ending travel

    Cons

    Underpaid
    Overworked
    Poor culture and company morale
    Management provides zero appreciation to employees
    Expected to work well into the night and on weekends if you expect to get anywhere
    Very political , must be willing to play the corporate suck up game , good work and attitude isn’t enough

    Advice to Management

    Listen to your employees for once and actually change what they tell you , instead of just pretending you care

  8. "Not the picture they painted"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Latham, NY
    Former Employee - Administrative Assistant in Latham, NY
    Doesn't Recommend

    I worked at Ayco full-time (More than 3 years)

    Pros

    Good paid time off.. if you can use it

    Cons

    Pay, work /life balance, no appreciation, bad culture, overworked, too corporate, treated like a number and not a person, no room for advancement


  9. Helpful (1)

    "Making Improvements"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst
    Current Employee - Financial Analyst
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - Great place to start your career right out of school
    - Awesome co -workers that are always willing to help and teach
    - Compensation is on the rise. 2018 brought bumps in pay for FAs
    - Technology across the firm is being overhauled(new computers, servers and business applications)
    - Goldman is leaning in to give Ayco more support and becoming more involved in growing the firm.

    Cons

    - Still a decent amount of work left to be done

    Advice to Management

    Develop more ways for employees, especially new employees, to build pride in the Ayco brand. Ayco has a lot of positives going for it that aren't recognized by everyone.


  10. Helpful (4)

    "Overworked, way underpaid & nepotism"

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

    I worked at Ayco full-time (More than 3 years)

    Pros

    Some of the people here are very nice and welcoming. Goldman Sachs on my resume was definitely a plus. Great place to start - good experience .

    Cons

    The processes are clunky and technology is absolutely horrible. As an FA, I worked extremely long hours, especially during tax season. For the low and well below market value pay, not worth the long hours and stress (unless you are an Account Manager, because they get paid a ton). They took away tax compensation, which is incredibly unfair for all the hard work and long hours you put in. Worst of all, there is nepotism in the Operations department- as a result they are very biased and management tolerates this. Needless to say, I happily resigned after finding a much better employer. This place is a terrible place to work. Not just the company but this particular office. If you don’t mind dealing with long hours, low pay and unfair nepotism from the exec side than this is the place for you!! Otherwise, please do yourself a favor and steer clear.

    Advice to Management

    Improve the technology and start focusing on paying your hard-working and valuable employees better. It should not be just the Account Managers. And stop the nepotism!!! That is not only unfair but extremely unprofessional and unethical! This should not be allowed. You wonder why morale is at an all time low?!?!


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