Brookfield Asset Management Reviews | Glassdoor

Brookfield Asset Management Reviews

Updated May 17, 2017
53 reviews

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3.5
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Brookfield Asset Management Managing Partner and CEO J. Bruce Flatt
J. Bruce Flatt
25 Ratings

53 Employee Reviews

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Pros
  • Good benefits package, excellent office location, good balance between work and personal life (in 3 reviews)

  • Great environment, great people, given ability to grow (in 3 reviews)

Cons
  • No work-life balance whatsover if you would like to succeed at your job (in 5 reviews)

More Pros and Cons

  1. "denver"

    Star Star Star Star Star
    Former Employee - Central Operator in Pine, CO
    Former Employee - Central Operator in Pine, CO

    I worked at Brookfield Asset Management full-time (More than a year)

    Pros

    The management was top notch.

    Cons

    shift work some times and working holidays.


  2. Helpful (6)

    "Terrible place to work full of wannabes and egos."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    I worked at Brookfield Asset Management full-time (More than a year)

    Pros

    Nice/fancy office space. Pizza on Fridays and snacks, if you can call that a pro (gets old). Not much else.

    Cons

    Egomaniac as a Chief Compliance Officer in Private Funds Group. Holds himself to a different set of rules than others. Awful place to work. It's truly a mediocre place to work, full of wanna-bes who want to work at top-tier firms. Full of senior management who don't really care about employees. A lot of attrition in all groups as managers don't ensure that their employees feel fulfilled or content with their work. Technology and IT support is non-existent as everything is outsourced. Terrible resources and a company that doesn't like to invest in itself. Second tier shop. Job-seekers beware.

    Advice to Management

    Bring a decent functioning tech team in-house. Listen to your employees and hire management that actually gives a damn about their teams instead of looking out for themselves.


  3. Helpful (4)

    "Decent place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Brookfield Asset Management full-time (More than 5 years)

    Pros

    Decent salary. Summer hours. Good snacks. Pizza Friday. Good benefits. Decent people.

    Cons

    Your only as good as the people who like you at Brookfield. Build a rapport with upper execs and hope for the best.

    Advice to Management

    Really take a look at employee morale. While you're trying to expand Brookfield's foot hold really pay attention to your employees' complaints. Most people stay out of complacency than actual happiness.


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  5. Helpful (3)

    "Enjoyed Working Here"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Brookfield Asset Management full-time (More than 5 years)

    Pros

    Worked at Brookfield Corporation Operations, a service organization under BAM. Initially a great place to work, options available to develop skills and contribute to growth of company.

    Cons

    Accounting and Technology Services were outsourced to other countries. The change management process was not well handled. Management plays favorites, so if you're not part of that inner circle there is no opportunity for advancement.

    Advice to Management

    Seek other ways to engage employee feedback. Suggestion boxes were not effective because no one believed management really cared about employee concerns.


  6. Helpful (4)

    "Positive or Negative Experience Depends on Team"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in New York, NY
    Former Employee - Accountant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Brookfield Asset Management full-time (More than 3 years)

    Pros

    Depending on what team you work with, your experience will either be blissful or dreadful with very little in between. Some of the most intelligent and personable individuals I've ever met are employed by this company.

    The office and surrounding location is so beautiful it's almost unbelievable. The futuristic all-white, brightly lit office keeps you upbeat even are your groggiest days. The setting on the Hudson with the Statue of Liberty in clear view allows for some pleasant daydreaming when your brain needs a much deserved break. There is also a 24 hour Rite Aid located within the building, which has been clutch so many nights when working late and have no other stores open in the area.

    There is tremendous opportunity for advancement within the company, as management works to keep their talented employees. There is always a new challenge to be tackled and individuals willing to teach as long as you're willing to learn.

    Cons

    For every rockstar employee that you meet here, there are at least two stiffs with an inflated sense of self-worth that you hope you never have to work with. It creates a true team-specfic company culture, rather than a general one.

    The hours can be a drag, although steps are being taken to mitigate some of this through more efficient processes. Although management is very flexible with time off when requested, there is still a feeling of no true work/life balance due to the sheer volume of work and many late nights needed to complete it.

    The compensation is below the industry standard in New York.

    The open environment and see-through glass conference rooms, although helpful when it comes to exchange of information, leads to too much unwarranted, noise, nosiness, and butting in from those around you.

    Inefficient processes and too many layers of review for some of the simplest of tasks.

    Advice to Management

    Invest more into technology beyond Excel that allows for more efficient work processes and outsource more of the simpler tasks. It will ultimately allow for more responsibility to be taken by the lower level employees and increase work/life balance once menial, time-consuming tasks are taken off of their plates.

    Additionally, begin paying the employees at least market value if you truly view yourselves as bug players within the industry. Otherwise, you run the continued risk of unnecessarily losing great talent to larger and smaller companies alike willing to at least pay the industry standard.


  7. Helpful (2)

    "It's not what you know, but who you know."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Compensation Analyst in Burr Ridge, IL
    Former Employee - Associate Compensation Analyst in Burr Ridge, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Brookfield Asset Management full-time (More than 3 years)

    Pros

    Abilities to work from home, friendly approachable people for the most part, beautiful office with nice ammenities.

    Cons

    Blatant favoritism, poor management, very hard to get promoted, and not a good sense of team. Not all co-workers are held to the same standard of work.


  8. Helpful (1)

    "Chief Compliance Officer - Broker-Dealer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Chief Compliance Officer - Broker-Dealer in New York, NY
    Current Employee - Chief Compliance Officer - Broker-Dealer in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Anything other than working for Private Fund CCO in NYC.

    Cons

    Private Fund CCO based in NYC treated me like an entry level analyst. I had to go on medical leave to escape this overbearing boss. DO NOT WORK FOR HIM. The rest of the organization is great, but he should be let go. He has a Napoleonic complex and is incredibly pushy and rude. He may be a misogynist.

    Advice to Management

    Nobody at a C-level will want to work for pushy, overbearing and rude people with zero people skills. The industry is too competitive with too many opportunities elsewhere.


  9. "Analysr"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Brookfield Asset Management full-time (More than a year)

    Pros

    Good pay, open culture, one open space with low dividers which induces better communication

    Cons

    lacking in training, no control in the hierarchy chain (if you have a mean boss, it goes unnoticed),

    Advice to Management

    Be more structured with promotions, bonuses and have checks and balances with your managers. Cause though some employees are extremely happy some suffer and it goes unnoticed. I know you can do better cause most of you are pretty awesome.


  10. "I had a long and satisfying tenure, learned a lot and enjoyed the people."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Controller in New York, NY
    Former Employee - Controller in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Brookfield Asset Management full-time (More than 8 years)

    Pros

    Large stable company with a good working environment. Senior management is very capable and willing to share responsibility. They are involved in many different businesses.

    Cons

    I received very little feedback on my job performance.


  11. Helpful (5)

    "Micromanagement Capital of my Career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in New York, NY
    Former Employee - Accountant in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Brookfield Asset Management full-time (More than 3 years)

    Pros

    -Learned a ton, this is one thing I will give them during my time there.
    -Incredibly smart people, perhaps the smartest I have worked with, and they know it.
    -Nice location at World Financial, but then again it could be better since they own the freaking complex.
    -Good starting salary, expect it to last a few years.

    Cons

    -No work-life balance whatsover if you would like to succeed at your job. 14 hour days, weekends, etc.
    -Management acts as if they are paying you out of their own pocket. My entire team was treated like children despite dedicating our lives to the job.
    -Zero privacy: open work envireonment is the most intrusive I have ever encountered. The CFO of one of their public companies was sitting in a cube, nuff said.
    -Raises/bonuses/promotions are treated like you are gaining the keys to the kingdom. Like the old saying, if you are not on the inside, you are on the outside. Better make a friend of a key executive, or you will be left out in the cold.
    -If you never open your mouth or express an opinion, you will be their ideal junior employee.

    Advice to Management

    One would think for a Canadian company they would be more progressive. This company may be near Wall Street, but it does not carry the cache' of a Wall Street company, even though they act that way.

    Advice?
    -Take a course in actually learning to manage human beings and reward commitment as well as performance.
    -Give people some privacy.


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