Legg Mason - Legg Mason - Prestigious, Professional but Failing? | Glassdoor
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There are newer employer reviews for Legg Mason

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"Legg Mason - Prestigious, Professional but Failing?"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Baltimore, MD
Current Employee - Anonymous Employee in Baltimore, MD
Recommends
No opinion of CEO

Pros

Legg Mason is a leader in its field of asset management. It manages over $600 billion in assets. Although just a few months ago it was close to $1 trillion. It is well known in Baltimore and is prestigious. My department does things to a high level of quality and is very professional. The co-workers are generally intellegent and hard working. Ad-hoc work teams are successfully formed for the completion of projects.

Cons

There were heavy layoffs in December and smaller layoffs recently. There is often no letup in the work and you can begin to feel like a machine going from one task to the next. It has been described as being like a hamster on a wheel. There have been major losses recently. In a recent quarter over 1 billion was lost. Investment performance has been dismal and customers are moving hundreds of billions out of the company. The threat of more layoffs is ever present.

Advice to Management

Consider firing failing money managers and consider other business models.

Other Employee Reviews for Legg Mason

  1. "Legg Mason -- Stamford, CT"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Stamford, CT
    Former Employee - Vice President in Stamford, CT
    Recommends
    Approves of CEO

    Pros

    Nice, collaborative atmosphere. Attention to quality and detail is high. Respectful culture with smart people. Convenient non-Manhattan location.

    Cons

    Current financial strains led to downsizing. No effort was made to consider shorter work weeks or broad salary reductions before laying off employees. New senior managers immediately "brought in their own folks" and essentially swept out long-time valued employees.

    Advice to Management

    The first company that publicly finds a way around workforce reductions and creatively saves costs will be able to say that these extraordinary efforts were made to help the overall economy and keep as many people working as possible. This would garner very good press and could, in turn, boost sales through the free exposure.


  2. "Simply Neutral"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Accounting in New York, NY
    Former Employee - Fund Accounting in New York, NY
    No opinion of CEO

    Pros

    Reasonable compensation for the amount of work

    Cons

    unresponsive management
    claims to have a formal internship program but HR coordinators are not accessible

    Advice to Management

    Be more inclusive of interns if you would like talented people to stay with your firm.

There are newer employer reviews for Legg Mason
There are newer employer reviews for Legg Mason

See Most Recent

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