Legg Mason Reviews | Glassdoor

Legg Mason Reviews

Updated February 28, 2017
19 reviews

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2.0
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Joseph A. Sullivan
4 Ratings

19 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. "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.


  2. 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.

  3. "Needs better management & streamlined business operations"

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

    I worked at Legg Mason full-time (Less than a year)

    Pros

    Stamford, CT Office: Reasonable salary & benefits, Good medical benefits; Coworkers are generally pleasant; Nice amenities in office & office park

    Cons

    Corporate structure leads to confusion and lack of cohesion because there are so many separate divisions/partners within the company; Some managers are very self-serving and unprofessional; Difficult to take vacation time because of workload & politics; Major in-office politics & power-plays

    Advice to Management

    Streamline the business so your company goals are clear to all employees; Be choosier about who reaches management and ensure they have management-specific training


  4. Helpful (3)

    "Room for Improvement"

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

    Pros

    The personalities are great
    People are friendly
    Work/life balance is acceptable

    Cons

    Very political and bureaucratic
    Promotes mediocrity
    Lack of accountability
    Poor project management skills
    Little or no room for advancement

    Advice to Management

    Allow your employees room to grow and take ownership of projects
    Hold people accountable for failing to meet deadlines
    Practice effective communication and cross-collaboration


  5. Helpful (1)

    "Be politically correct at Legg Mason Technology"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Developer in New York, NY
    Former Intern - Developer in New York, NY
    Doesn't Recommend

    I worked at Legg Mason as an intern (More than 5 years)

    Pros

    If one likes slow life, Legg technology is your ideal place
    PTOs are acceptable

    Cons

    Zero meritocracy
    Be politically correct, if one wants to prosper at Legg
    Nepotism abundant
    Do lots of community work to show off, really!
    Have hot connections with mgmt
    Almost everyone looks out to keep their jobs than challenging the issues
    Meetings are rampant

    Advice to Management

    Promote meritocracy, not nepotism.
    Manage by examples


  6. "Financial Analyst"

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

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

    Pros

    Work Environment. Culture. Hours. Benefits

    Cons

    Pay. Lack of advancement. Raises.


  7. "An asset management firm that cannot manage its assets"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Services in New York, NY
    Current Employee - Client Services in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Simple/light workload, apathy in the office leads to a haven for underacheivers

    Cons

    Salary well below industry standards, confused management, archaic procedures, extreme office politics/bureaucracy at hand.

    Advice to Management

    Stop reacting to random, intangible one-off events and take an educated initiative to solve problems. With all the executive rhetoric about being "best in class," we should be focused more on actually rewarding/compensating talent, rather than trying to improve margins by settling for mediocrity.

  8. Helpful (4)

    "Great company if you are an Executive"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - LMTS in Baltimore, MD
    Current Employee - LMTS in Baltimore, MD
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The benefits are about standard and they did give yearly increases when the company was struggling, albeit very small it was still better than nothing.

    Cons

    Little to no opportunity for advancement or training. Lack of integrity in Executive management and Board of Directors (6 months after laying-off 500+ people and 3 months after giving promotions without pay increases the Executives received 7 digit bonuses.

    Advice to Management

    Take care of your employees! Hire a Co-CEO with the experience to run all aspects of the company. Someone that people are willing to follow.


  9. Helpful (1)

    "Neutral"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Very open environment. Great entry point. but....

    Cons

    No ladder to climb. Virtually no lateral movement either.
    Senior management seems very disinterested in lower level employees.

    Advice to Management

    HR website needs to be revamped. Virtually no movement is available for employees.
    Communication needs vast improvement.


  10. Helpful (1)

    "Dissapointed"

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

    Pros

    The medical benefits and corporate perks were helpful.Benefits

    Cons

    Lack of cohesion in low to mid level management. Lack of professionalism and closed-off to new ideas.

    Advice to Management

    Transparency, professional training, annually mandated management courses provided by Human Resource consultants (not in-house staff repeating from a manual).


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