Lincoln Financial Group Reviews | Glassdoor

Lincoln Financial Group Reviews

Updated July 19, 2017
538 reviews

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3.4
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Lincoln Financial Group President, CEO, and Director Dennis R. Glass
Dennis R. Glass
250 Ratings

538 Employee Reviews

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Pros
Cons
  • Work/life balance philosophy tends to vary depending on your manager (in 22 reviews)

  • Hard to move up in the same department, most must transfer out of a department to see a pay bump (in 7 reviews)

More Pros and Cons

  1. "Lincoln Financial Advisers: Welcome to the Confederacy."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst Intern in Houston, TX
    Former Employee - Financial Analyst Intern in Houston, TX
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Support provided for those who are wishing to enter the Financial Advising market.

    Cons

    The company itself is not sure what it's trying to be: life insurer? financial adviser? A bit of both? Something else? As such the tone from the top is not a unified one and what happens is the individual departments (at least in the Houston office) often tended to do their own thing and would not really work with other departments unless it suited their own ends.

    Advice to Management

    Figure out what you want the company to be, communicate that idea down through the ranks and then implement it.


  2. Helpful (1)

    "Good company to work for shoudl have stayed"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Tarrytown, NY
    Former Employee - Business Analyst in Tarrytown, NY
    No opinion of CEO

    Pros

    It was close to home and great people. ALot of work and very hard to stay on top of things. Low compensation and since they are based in Ft Wayne and Philadelphia, tough to move up if you are not from that area of town. People are great and I was well rewarded verbaly as well as monetarily. At the time I was there new advisors wer not brought on. Don't know if that changed.

    Cons

    Most people have been there for a very long time and it is hard to get into the group as needed.

    Advice to Management

    Stay in touch

  3. Helpful (2)

    "Look for employment elsewhere"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - 1035 Processing Specialist in Concord, NH
    Former Employee - 1035 Processing Specialist in Concord, NH
    Doesn't Recommend
    No opinion of CEO

    Pros

    Limited challenge, friendly employees and very flexible in terms of time off requests i.e. vacation

    Cons

    Weak salary, limited promotions and employees who lack the drive to achieve bigger and better things.

    Advice to Management

    Update their review procedures to reward the correct employees


  4. Helpful (2)

    "Not AIG"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Hartford, CT
    Former Employee - Associate in Hartford, CT
    Doesn't Recommend
    No opinion of CEO

    Pros

    Lincoln Financial Group is a very stable company (despite recent share price dips); management is not interested in taking excessive risk or wading into the unknown. This conservatism can be frustrating for those who would like to see progress, but it does guarantee you a pretty stable work environment. People are also generally pretty nice - they are happy to help, to share information, to go to office picnics etc. Finally, I do think the company does a pretty good job promoting service among its employees. They even push management to join boards so they can give back to their communities.

    Cons

    As mentioned above, the company can be pretty conservative, to the point where they turn down projects that are necessary to move the company forward. Another downside is the decision making culture: there is a lot of consensus building which would be fine if the end goal was to get everyone on board, but the purpose appears to be more risk avoidance. Senior managers could do a better job of communicating company developments to employees. That said, I think there has been substantial progress in this arena and that attempts are being made to improve transparency and keep employees in the loop.

    Advice to Management

    Communicate more openly with employees.


  5. "Great place to work if you don't get laid off."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internal Marketing Consultant in Radnor, PA
    Former Employee - Internal Marketing Consultant in Radnor, PA
    Recommends
    Approves of CEO

    Pros

    The people and the product that is sold. It is unmatched in the industry.

    Cons

    There is a lot of gossip and rumors that go around about people. Besides that it is an awesome place to work.

    Advice to Management

    Micro management is where the company is going but it is very tough on moral with the people that are not in management.


  6. "Overall a good place to work."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    They offer promotion opportunities if you know the right people, and good benefits plans. Great development programs for recent college graduates.

    Cons

    Very political environment. Some people can be so nasty that it comes off as unprofessional.
    Don't look at prior work history if you end up in a job that is the wrong fit; you cannot transfer out if you're performing poorly.

    Advice to Management

    If a positive tone was set from the top down then there would be more respectful communication between departments and employees.


  7. Helpful (1)

    "PDP great if you stay with firm for the long term"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - PDP in Philadelphia, PA
    Current Employee - PDP in Philadelphia, PA
    Recommends
    Disapproves of CEO

    Pros

    Company placed a lot of resources to support the program. You built networks throughout the company and gain a good understanding of how the overall company functions as one unit.

    Cons

    The value of the program is best realized if you stay with the firm following your three years. If you leave....good luck.

    Advice to Management

    Bring back old Lincoln national leadership.

  8. "Insurance at its Best"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internal Audit
    Former Employee - Internal Audit
    Recommends
    Approves of CEO

    Pros

    During my time at LFG, you always felt the customer was put first. The primary market was high net worth customers that wanted a holistic approach to balancing their future risks. The organization was challenging in its time of change (mergers, shedding dept, economic downturns) - but as an employee, it served to challenge your own assumptions about the insurance business. Lastly, the work-life balance is truth, not fiction. The Lincoln Foundation is woven throughout the workplace. Community service is supported during and off work hours.

    Cons

    A current con to working at LFG would be the commodity driven approach adopted. It is a completely different mindset to working with customers and operations.

    Advice to Management

    I do not have any advice to offer the leadership at LFG. Ideally, the dynamics of the current leadership will not reduce the creativeness that lead LFG to its status.


  9. "LFG review."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Disapproves of CEO

    Pros

    Long standing company with great track record in the market. Lots of opportunities to make money if you are ambitious and motivated.

    Cons

    Lots of work is required to make it in this business. There has been somewhat of a revolving door of management in the last year or so.

    Advice to Management

    Communication is key.


  10. Helpful (3)

    "Caution - Co in transition"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    Pros

    Reasonable compensation and some room for growth if in right area; may find supervisor willing to mentor and advance career

    Cons

    Ineffectual HR department allows some managers to run roughshod over good employees; recent merger not effectively implemented in many areas. Too many layoffs not well thought out.

    Advice to Management

    Need to do a much better job of long range planning, and decisions as to what functions are performed in which locations needs to be rethought from scratch. "Talent" management process needs major improvement.


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