Lord Abbett & Co. Reviews | Glassdoor

Lord Abbett & Co. Reviews

Updated July 31, 2018
122 reviews

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2.5
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Douglas B. Sieg
4 Ratings

122 Employee Reviews

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Pros
  • "The benefits are slowly improving and the work/life balance is tolerable based on the amount they are paying you" (in 14 reviews)

  • "Compensation, A lot of days off, Gym in building, Great Training Program, Fun Work Environment, High paced, Opportunities within the firm" (in 5 reviews)

Cons
  • "Senior management understands that they must communicate more and making changes to address this" (in 10 reviews)

  • "There isn't any room for growth just horizontal movement unless you are in really good with upper management" (in 10 reviews)

More Pros and Cons

  1. Helpful (1)

    "Regional Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lord Abbett & Co. full-time

    Pros

    Best internal wholesaler training in the market. Lots of upward mobility. Clear career path.

    Cons

    Politics, make yourself the favorite early on.

    Advice to Management

    Keep salary consistent with that of other asset managers.


  2. Helpful (7)

    "7 Years at Lord Abbett"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Lord Abbett & Co. full-time (More than 5 years)

    Pros

    I am in IT. Working in Lord Abbett gives good Business Exposure.

    Cons

    From Last two years it has been hell in IT. They want get rid of old employees so they give fabricated bad ratings even though you are performing well. This can go on for year or more till you get frustrated and leave.

    Advice to Management

    Stop harassing people to leave this will bring down moral of all employees

  3. Helpful (17)

    "This review is solely based on working in Operations, which in it's current state, is a sinking ship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Supervisor in Jersey City, NJ
    Former Employee - Supervisor in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lord Abbett & Co. full-time (More than 3 years)

    Pros

    Location, relatively small <1K employees, large private cubicles, cafeteria, reasonable hours, sensitive managers (depends on group - I was fortunate), great view, free gym (small and not great for real fitness enthusiasts)

    Cons

    The politics of operations have driven it into the ground. Most recently, we had a partner laid off. Someone who had contributed to the firm for many years simply disappeared one morning with nothing more than a one sentence mention at the very end of an operational announcement email.

    Mysterious consultants roaming the halls with a dedicated conference room to themselves and regular meetings in the COO’s office.

    Analysts from lesser performing groups are being utilized to fill positions requiring industry experience with managers having little input. Positions that would otherwise be filled externally.

    CEO Q/A sessions where he praises sales, marketing, investments yet absolutely no mention of core services. Many believe this is just another indication that most of ops will be outsourced and ultimately downsized.

    Recent talk of moving the company because of cost savings and underutilized space. I personally believe that this is due to upcoming layoffs.

    Lastly, I was very happy during my time at Lord Abbett and at a time where I was weighing my options, the changes just kept coming. The high, positive energy employees almost never stay due to the environment and I eventually fell victim to this as well. You will be suppressed to some extent. If you read my notes above, the writing is on the wall. Do not accept an offer if it is in operations and if you are a current employee reading this, get that resume together. Good luck.

    Advice to Management

    Be receptive of advice. I am not offering any as I know it will fall on deaf ears.


  4. Helpful (2)

    "Compensation"

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

    I have been working at Lord Abbett & Co. full-time

    Pros

    Free Gym and location is very good

    Cons

    Compensation not up to industry standard


  5. Helpful (2)

    "Senior"

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

    I worked at Lord Abbett & Co. full-time

    Pros

    Very laid back and people are very friendly

    Cons

    won't be able to maximize your skills


  6. "Accountant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Jersey City, NJ
    Former Employee - Accountant in Jersey City, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Lord Abbett & Co. full-time (More than 10 years)

    Pros

    Position was impacted due to department restructuring

    Cons

    Lately, the company start to do restructuring


  7. Helpful (8)

    "Developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Lord Abbett & Co. full-time

    Pros

    Good location and medical benefits, Excluding the technology , Good overall culture at the firm.

    Cons

    Small firm with too much politics. New technology management is a failure after its 2 year term as neither the business is happy nor the technology team. The failure is due to the fact that it is lead by people who are people's manager and lack in technology. There is lot of focus on managing people rather than driving solutions. Technology directors and senior technical managers are outdated as they have worked here for years and have no exposure to outside world. They cannot drive any technical conversations due to lack of knowledge . They are way behind in technology and are trying hard to save their jobs by giving non automated solutions to business so that business depends on them for every piece of data that is needed by them.

    Managers do not let developers to interact directly with business and build anything good as this will jeopardize their job which is not even needed in such a small firm. There is a manager for every 2 developer and some of them are really worthless.

      Business users are easy going and are happy even if the technology teams are able to provide the excel based solutions as business has never seen anything that goes beyond excel. The technology team is predominantly governed by project managers who have no prior experience in building any solutions,

    There is lot of kiosk at the firm at the technology side and their is no direction. Its a 45 hrs week timesheet that is being asked to fill in at the technology side .

    No career growth and absolutely no flexibility. People who are confident in themselves have already left the firm or are planning to move out. People who have visa issues and are less confident are getting pressurized to work 10 to 12 hrs at office and not to count the time they spend at home.

    Advice to Management

    Get the basics in Technology right first and hire leaders who have technology background to drive solutions and not management background.

  8. Helpful (4)

    "Advisor Consultant"

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

    I worked at Lord Abbett & Co. full-time (More than 5 years)

    Pros

    solid vacation day policy
    good location of office
    Gym in building
    lots of product and firm training and opportunities to present
    solid opportunities to network

    Cons

    "Bro" culture
    Employers/Partners do not make employee wellness a priority compared to other progressive firms in the business world.
    Uncertain and unclear quarterly commission process.
    Lack of career mobility - It can be difficult to get into other areas of the firm from your current position.
    Long expected desk work hours with lack of travel opportunities or opportunities to work from home or remotely.

    Advice to Management

    Read the cons.


  9. Helpful (5)

    "Poor Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Lord Abbett & Co. full-time (More than 5 years)

    Pros

    The people at Lord Abbett are wonderful. Very helpful, understanding and experts in their fields.

    Cons

    The entire culture has now changed making Lord Abbett just like everyone else. Corporate HR, layoffs, moving jobs away from the US and sending them to India. Lord Abbett was not about this , it had its own unique culture and now its gone. New leadership is greedy and all about how things look rather then how things are.

    Advice to Management

    Get a clue managers. Take care of those that actually get the work done. Not the ones that smile and laugh and pretend to be your friend. Be a leader not a boss.


  10. Helpful (12)

    "Better Days Behind"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lord Abbett & Co. full-time (More than 10 years)

    Pros

    Free gym membership, beautiful offices and great location.

    Cons

    Things have gone down hill since Bob Dow left the firm. Current management is in disarray. Mass layoffs of long time employees and culture change have contributed to a place that is unpleasant and everyone ifs fearful of losing their jobs.

    Advice to Management

    If you continue along this path things will continue to get worse.


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