Legg Mason Reviews | Glassdoor

Legg Mason Reviews

Updated May 16, 2017
105 reviews

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2.9
Star Star Star Star Star
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Joseph A. Sullivan
21 Ratings

105 Employee Reviews

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Pros
  • Work life balance is important to the company (in 14 reviews)

  • Great people with a high level of engagement and passion (in 7 reviews)

Cons
More Pros and Cons

  1. "Overall highly recommended"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Baltimore, MD
    Former Employee - Anonymous Employee in Baltimore, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Legg Mason full-time (More than 10 years)

    Pros

    Great people with a high level of engagement and passion.

    CEO has energy and vision, he is down to earth and approachable.

    Great benefits, lots of PTO.

    Cons

    Not as much room for mobility or advancement as it was in the past when the company was larger. Could change if the company grows, but the push seems to be toward doing more with less rather than growing.

    Too much work! If you are good and motivated, you are usually pushed into doing more. These opportunities can lead to advancement, but they can also lead to burn out, or a work/life imbalance.

    Internal politics trumps logic sometimes. Best example is the random corporate title process. People with contribute less get regular title promotions, over people who get more done, but are not engaged in the internal politics.

    Too many internal departments / too hard to understand what each other does

    Parent company relationship with affiliates can be hard to understand.

    Advice to Management

    Company shows that it understands the importance of work life balance and tries to provides a good environment and policies supporting it, but it is not uniform across departments. It is evident that not all senior management are willing to put in place or enforce policies supporting telework or other flexibility options. This should be made more uniform. I worked in a department (IT) where the leadership embraced it, but colleagues in other departments complained about the discrepancy between department policies. Management should fully embrace standard policies for the firm and ensure they are uniformly being offered.

    Grow the IT department with more doers. Lots of leadership, middle management and project management, but not enough productive contributors under them; often key responsibilities are left to an individual contributor - leaving a person with no backup, or even an appropriate person to do a knowledge share with. When key people leave, too much goes out the door with them.


  2. "Run don't walk away"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Services Manager in Miami, FL
    Former Employee - Client Services Manager in Miami, FL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Legg Mason (More than 8 years)

    Pros

    Horrible management that have no idea what they are doing. Completely clueless as to what it takes to move the office forward. Not willing to listen. This place will suck the enjoyment of coming to work. It's hurts just to wake up on Monday's.

    Cons

    If you want to grow professionally don't look here. Management only promote within the trusted circle and are easily influenced by what they are told by others not by what you actually do.

  3. "Good if you are content with coasting"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT
    Former Employee - Anonymous Employee in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Legg Mason full-time

    Pros

    -Extremely friendly co-workers
    -Generous PTO
    -Ability to work remotely
    -Above average pay
    -Fantastic work/life balance

    Cons

    -Very little room for advancement
    -Hard to drive new changes. People are very content with the status quo.
    -Coworkers who are perfectly content with coasting as opposed to striving to be the best

    Advice to Management

    Man up and cut the fat. Personal relationships are getting in the way of tough business decisions which must be made to save this company. There are too many unqualified people working in technology.


  4. Helpful (1)

    "Great place to work if you want to coast..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing in Stamford, CT
    Current Employee - Marketing in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Legg Mason full-time (More than 5 years)

    Pros

    Great place to work if you want to coast, but not if you want to do your best work
    There are some wonderful people to work withGreat place to work if you want to coast, but not if you want to do your best work
    There are some wonderful people to work with
    Great work/life balance
    Great work/life balance

    Cons

    Poor resource planning and time management.
    No effective collaboration between departments, everyone does their own thing.
    Consistently cut corners resulting in sub-par quality of product.
    Set arbitrary deadlines without any input from the teams performing the work.
    Experience can vary greatly depending on who your team or manager is.
    Not a meritocracy, very political, mediocre employees promoted.
    Rife with democratic committees that derail projects.
    Repeatedly make the same mistakes resulting in days of lost productivity.
    No accountability.

    Advice to Management

    Address the cons above.
    Provide a positive collaborative environment for your employees. You hire them because they're capable and intelligent individuals yet ignore any concerns or ideas they may have.
    Plan projects better and set realistic deadlines that allow your teams to create their best work.
    Eliminate "fire drills" by holding people accountable to missed deadlines.
    Eliminate the democratic voting committees and trust the people that you specifically hired for the job and have the relevant expertise to make sound decisions.


  5. "Absolutely Outstanding Global Employer!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Baltimore, MD
    Former Employee - Anonymous Employee in Baltimore, MD
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Well rounded senior leadership team
    Head of HR smart, thoughtful, and truly cares about LM and associates
    Beautiful office
    Leaders walk the talk with investing in community and affinity groups

    Cons

    Must be a team player to thrive here so if only playing for the name on the back of the jersey vs front you won't do well

    Advice to Management

    Keep it up!


  6. "Portfolio manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Manager in Baltimore, MD
    Former Employee - Portfolio Manager in Baltimore, MD
    Recommends
    Positive Outlook

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

    Pros

    Great company with good service

    Cons

    Purple Friday is not good

    Advice to Management

    No advice what so ever


  7. "Good experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in Washington, DC
    Former Employee - Executive Assistant in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Legg Mason (More than a year)

    Pros

    Legg Mason was a great place to work. My colleagues were bright, hard working and enjoyable to be around.

    Cons

    Nothing I can think of.

  8. "Backstabbing recent college graduates"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Data Analyst in Stamford, CT
    Former Employee - Data Analyst in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nice cafeteria, gorgeous building, walk to the train station.

    Cons

    Backstabbing recent college graduates who lie about who made improvements are who got the work done. Moreover, many people use Christian phrases and not very politically open minded. My worst experience was when my bosses were not in the office and the recent college graduates blamed work errors on me and even said "Well, it is two verses one, it doesn't matter what you did or say". *cough *cough, was later let go.
    DO NOT WORK HERE.

    Advice to Management

    Grow up


  9. "A good, solid place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Senior Management
    Former Employee - Systems Engineer in Baltimore, MD
    Former Employee - Systems Engineer in Baltimore, MD
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Legg Mason (More than 3 years)

    Pros

    Great people, healthcare, and work atmosphere.

    Cons

    The work can get boring as the company is very practical in its application of technology.

    Advice to Management

    Invest further in technology. Technology is part of the product these days - to forget that is dangerous.


  10. "Good working environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Baltimore, MD
    Former Employee - Anonymous Employee in Baltimore, MD
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Allows operational independence in the subsidiaries. Good environment

    Cons

    Decision making is a bit slow

    Advice to Management

    keeping the independence but more presence in the subs in order to be able to act faster


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