Lord Abbett & Co. Reviews | Glassdoor

Lord Abbett & Co. Reviews

Updated June 26, 2017
104 reviews

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Full-time Part-time

2.4
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Daria L. Foster
36 Ratings

104 Employee Reviews

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Pros
  • Good cafeteria, gym on site is very good (in 9 reviews)

  • On-site gym and subsidized cafeteria (in 7 reviews)

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

  • Management, work environment, dishonest supervisors (in 6 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (6)

    "Excellent Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Analyst in Jersey City, NJ
    Current Employee - Investment Analyst in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lord Abbett & Co. full-time (Less than a year)

    Pros

    The Sales and Investment professionals are world-class. The private partnership allows them to be generous with benefits and vacation.

    Cons

    No real cons, obviously having bigger funds would help get more management access and hedge funds pay more, but these are relative cons not absolute cons.

    Advice to Management

    More transparency would always improve morale.


  2. Helpful (1)

    "Good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Competitive compensation, nice views of Manhattan, on site fitness center, nice vacation / time off policy

    Cons

    Politics, politics, politics. All depends on who you know...


  3. Helpful (13)

    "So many better places to work"

    Star Star Star Star Star
    • Culture & Values
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend

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

    Pros

    Old school offices that can be attractive looking. Onsite gym. Some nice folks in technology including some of the managers.

    Cons

    Bad upper management. It's like working in the novel 1984. Every meeting needs to be monitored. People cc others on email chains that were directed to one person. Etc. HR too involved in hiring decisions (and this HR team doesn't know what they're doing). Hard to attract employees when everything has to be run by someone who doesn't know what they're doing and only goal seems to be to block things.

    Advice to Management

    Bring in new management in the corporate areas HR etc from other companies that can share the successful culture of other firms


  4. Helpful (9)

    "Poor culture + poor compensation"

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

    I worked at Lord Abbett & Co. full-time (More than a year)

    Pros

    Good reputable name in the market.

    Cons

    Poor company culture that ignores lower levels of staff and that leads to low team and individual morale. Very little social activities, management are very poor at providing feedback and at encouraging personal development

    Advice to Management

    Get rid of some middle management. Stop underpaying staff


  5. Helpful (16)

    "Was a good organization"

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

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

    Pros

    Good benefits (compared with most of the companies), flat management structure, nice to spend time in gym, easy commuting.

    Cons

    One in tenth employee is a partner. It is a nice structure to distribute responsibilities but in this organization, even a small decision has to trickle down from top three partners. Due to this, most of the initial meetings will have no outcome. Each and every partner will have their own small world and follow instructions.

    If you have a good connection with your reporting partner, you may get an opportunity to ask a question in annual meeting or holiday party. That question will be given to you and asked to follow a sequence. At that time whole company knows your name.

    It’s a good place to work as long as you are ready to say “yes” to your manager because no one wants your opinion. You will have a job until your manager wants to utilize your skills after that he creates a situation to send you out. Your reporting, supporting partners will close their ears and eyes at that movement. There is no meaning for loyalty in this organization.

    Advice to Management

    Management should engage third party assessments without involving any of internal partners.


  6. Helpful (20)

    "Advisor Consultant"

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

    I worked at Lord Abbett & Co. full-time (More than a year)

    Pros

    -Good exposure to credit team comments
    -Gym in building (small)
    -Cafeteria in building( eh)

    Cons

    Many. In fact, too many.

    You are not educated, you are a trained monkey. You are always being watched. The company culture is that of an all boys school in the 1800s. For a first job out of college, it's not bad, as it will help you get familiarized with the markets. However, DO NOT let this company's culture make you think that this is what corporate life is like. IT IS NOT. Many other firms are out there with a much better work environment.

    Most, if not all of management was organically grown. They've been with the same company since graduating college. Many one-minded, one-sided individuals in management.

    Growth in the firm is not based on your ability to surpass goals, but on who your father is. It is a boys club. If you are not a "fit", you are an outcast.

    In conferences and meetings, all questions are pre-selected. Answers have already been prepared ( extremely obvious). You're not allowed to ask smart questions that can puzzle the speaker.

    Advice to Management

    Hire more employees (for management positions) from other firms. It will help with your perspective.

    Stop playing "big brother". Not only is it discouraging, but rather annoying.

    Be more genuine in conference meetings. Pre-selected questions is not acceptable for a CEO. You should know your firm enough to be able to answer any question the audience has. If not, be genuine enough to admit it.

    Get in to the ETF game. Seriously.


  7. Helpful (9)

    "Manager"

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

    I have been working at Lord Abbett & Co. (Less than a year)

    Pros

    Nice cafeteria and office views. Lots of ideas are based on broad consensus.

    Cons

    Strategies changing too rapidly for the tight culture to adapt with them.


  8. Helpful (8)

    "Technology"

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

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

    Pros

    small company but once they decide to make a decision (which they can do very quickly), they make it happen also very quickly. Access to cutting edge technology. Pay is definitely decent as long as you know going in that they don't give raises. With that said, as long as you know that, you must negotiate a good base pay. Bonuses so far seem nice. Since the compound the bonuses, it'll eventually pan out for the "old timers".

    Cons

    lower level managers seem to be afraid to make decisions on their own. ALWAYS seeking upper level management approval first. If they have to do that, then what's their purpose? Everybody is always cc'ing everyone else on emails. lots of CYA.

    Advice to Management

    allow your lover level managers to make a decision on their own and if it doesn't work (depending on the severity of the decision) don't be like the Red Queen with the "off with their head" routine.


  9. Helpful (20)

    "So happy to be gone!"

    Star Star Star Star Star
    • 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

    I worked at Lord Abbett & Co. full-time

    Pros

    It was a great place to work at back in the day like over 10 years ago hence 2 stars.

    Cons

    I can't tell you how happy I left this place. Feel like I'm at a better company who actually care about their employees and safety (like if it's a really bad snow storm they want you to work from home and not risk your life coming into work. Right because Lord Abett wants you to risk your life to come in as it has no work from home policy or if you don't you have to use a vacation day). Many people will throw you under the bus! It's a toxic environment.

    Advice to Management

    Should take some classes on ethics and how to work well with others.


  10. Helpful (27)

    "Stuck in the dark ages"

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

    I worked at Lord Abbett & Co. full-time (More than a year)

    Pros

    Good for first job out of school. Office is located near train station in Jersey City. There is also a small gym in the building.

    Cons

    Management does not know how to lead. They are stuck in a collective group-think bubble leading to continued deterioration in AUM. If you are not with them, you are against them. Stuck in their old school mentality. Career opportunities are limited.

    Advice to Management

    Stop destroying this company for your own gains. Poorly managed and no one cares about the long term of this company.


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