I worked at Fifth Third Asset Management full-time (More than 5 years)
competitive salary, work/life balance, 401k match with profit sharing, benefits
Company laid off over 33% of staff from selling the mutual fund complex. management buyout also occurred splitting the company in two. Senior management was not cohesive on company's growth perspectives and lacked vision, which ultimately led to the restructure. limited opportunity to advance internally. little recognition for achievements and accomplishments.
Advice to Management
have competitive products in marketplace and be adaptable. Assets under management went from $21 billion in 2006 to $6 billion in 2013. Recognize trends and consumer behavior. Analyze margins.
I worked at Fifth Third Asset Management full-time (More than 8 years)
Work life balance and salary
Complicated industry not understood by larger bank.
I have been working at Fifth Third Asset Management full-time
My immediate team is fantastic, smart, respectful, but that is not the case in other teams. The hours are long, but flexible to some degree. Immediate management is great. Benefits are decent.
Very cliquey, with a culture that has become even more closed. Not a very diverse employee base and seems to be getting less diverse. The relationhip with the bank is stifling to business growth. Lots of distractions in the form of mandatory classes and emails that have nothing to do with your role.
The staff is quality and generally well intended and collaborative in nature. Technology resources are generally adequate but lagging most peers.
Relationship to the bank is a negative and hinders the division's growth. Senior leadership needs upgrading and has a history of underperforming business results.
Advice to Management
Talent upgrades needed at the senior level. Leadership style is old school. Set realistic business goals and execute upon them.
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